Sixteen banks cut over VND21.2 trillion for pandemic-hit customers

Sixteen banks cut over VND21.2 trillion for pandemic-hit customers

Sixteen commercial banks cut over VND21.24 trillion (US$936 million) of loan interest for COVID-19-hit customers from July 15 to December 31, 2021, surpassing their commitment by 5.13 per cent, the State Bank of Vietnam (SBV) reported on Wednesday.
Vietnam sees record of 23,953 COVID infections on February 9

Vietnam sees record of 23,953 COVID infections on February 9

With 23,953 COVID-19 cases logged in the past 24 hours, February 9 saw the highest number of daily infections in the country since the beginning of the pandemic, breaking the previous day’s record.
Banks posted healthy profits during last year

Banks posted healthy profits during last year

Many banks, particularly private commercial lenders, have unveiled 2021 profit figures with an unprecedented growth despite the pandemic.
SABECO: Adjusting strategies to face the future head-on

SABECO: Adjusting strategies to face the future head-on

Amid the pandemic and its devastating impact, numerous beverage businesses could not suffer any longer and were forced to withdraw from the market, while others remained strong and continued with the mission of recovering the economy fully as soon as possible.
Moving to recovery after containment

Moving to recovery after containment

The pandemic has taken a turn for the worse in some parts of the world, including in Asia. The global economy is projected to grow by 5.9 per cent in 2021 and by 4.9 per cent in 2022. In particular, the 2021 Asian outlook has been downgraded by more than 1 percentage point to 6.5 per cent because of new outbreaks.
Omicron to not impact Vietnam's roadmap to re-open international commercial flights

Omicron to not impact Vietnam's roadmap to re-open international commercial flights

Vietnam's roadmap to re-open international flights will not be altered due to the emergence of the new coronavirus variant Omicron.
Pandemic turmoil a golden opportunity for companies to change for the better

Pandemic turmoil a golden opportunity for companies to change for the better

Now is the time to renew businesses’ dedication to sustainable practices.
Strategies shine through in M&A deals

Strategies shine through in M&A deals

Despite pandemic disruptions, high-growth industries continue to attract investor interest in mergers and acquisitions.
Resolution upgrade sought to craft transparent debt market

Resolution upgrade sought to craft transparent debt market

Five years of banking reform are at risk of being wiped away if the bad debt ratio rises again, requiring new legislation for debt settlement with judicious changes to the present framework. Nevertheless, the detrimental influence of the pandemic is not predicted to significantly lower banks’ profit adjustment, credit growth, or net interest margin.
EuroCham campaign breathes life into nation’s frontline forces

EuroCham campaign breathes life into nation’s frontline forces

With an aim to join efforts with the Vietnamese government in the prolonged pandemic battle, the European Chamber of Commerce’s (EuroCham) “Breathe Again Vietnam” campaign has received generous donations from European enterprises and individual investors, with more in the pipeline.
Manufacturing and processing driving Thai Nguyen

Manufacturing and processing driving Thai Nguyen

Thanks to the efforts of the leadership, the business community, and local residents in implementing the government’s targets on pandemic containment and socioeconomic development, the northern province of Thai Nguyen has posted upbeat achievements in the year to date.
Responsibility in communities lends hand to pandemic efforts

Responsibility in communities lends hand to pandemic efforts

More than 800,000 businesses in Vietnam have actively contributed and supported the nation’s COVID-19 vaccine fund and many more have indirectly helped local communities to ensure nobody is left behind.
INSEE enhancing its pandemic initiatives for local communities

INSEE enhancing its pandemic initiatives for local communities

Cement manufacturer INSEE Vietnam has expanded its pandemic response programme over the past couple of months in order to help people overcome a difficult period and reach towards more sustainable development in the country.
Nestlé Vietnam creating shared value for communities

Nestlé Vietnam creating shared value for communities

Nestlé Vietnam is continuing its efforts in working with local communities, businesses, and the government to deal with the pandemic effects and help the country overcome its challenges more effectively.
AEON pursues sustainability and value

AEON pursues sustainability and value

Putting the interests of customers, employees, and the community above the interests of the business has become the guiding principle of AEON for the last decade in Vietnam. Even in a time when business activities are severely affected by the pandemic, the retail brand from Japan is still willing to say no to short-term profits to persistently pursue the mission of a retailer and corporate citizenship.
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