Tag: Vietcombank
Banks’ profit forecast to drop significantly in H2
The pre-tax profit of the banking system in the second half of this year is estimated to fall 22.1% compared to the same period last year due to an increase in provisions for risky loans in the wake of the COVID-19 pandemic.
Banks cut home loan interest rates
Interest rates of home loans at commercial banks have tended to reduce significantly since the second half of July due to low capital demand from business and production.
Bad debts tend to rise despite slow credit expansion
Non-performing loans are still increasing despite slow credit expansion as the COVID-19 pandemic stretches many businesses to their limits.
Gold prices cross VND56 million per tael to hit record high
VOV.VN - The price of SJC gold on the morning of July 27 reached a new record high, exceeding VND56 million per tael for the first time in domestic transaction history.
Gold prices hit new peaks in domestic and global market
VOV.VN - The global price of gold climbed to above US$1,870 per ounce for the first time this year on July 23, prompting local gold prices to reach a new peak of over VND54 million per tael.
Domestic banks to face competition from foreign rivals after EVFTA
Domestic banks are expected to face increasing competition, especially as European banks will be able to access the Vietnamese market when the European Union-Vietnam Free Trade Agreement (EVFTA) takes effect.
Gold breaks all-time records as prices continue to soar
VOV.VN - Domestic gold prices continued to reach new highs, rising to VND52.9 million per tael on July 22, representing their highest price to date.
Gold hits nine-year high at VND51 million per tael
VOV.VN - The domestic SJC gold price moved higher to surpass VND51 million per tael for the first time on July 21, marking its highest level since August 2011.
