Inside a Techcombank branch. Photo courtesy of Techcombank.

Vietnam’s largest private lender, Techcombank, reported a 23 percent rise in pre-tax profit last year to VND15.8 trillion ($683.62 million).

It remained the third most profitable bank in the country behind state-owned Vietcombank and VietinBank.

Its revenues rose 28 percent to VND27 trillion, nearly 70 percent of its interest income. The rest mostly comprised income from fees and securities investment.

Provisions were up 2.8 times to over VND2.6 trillion as businesses, hit hard by the Covid-19 pandemic, struggled to repay loans.

Credit grew at a whopping 23 percent against the country’s average of 10.14 percent.

Quang Ninh suspends public transportation following latest Covid-19 outbreaks

All public transportation including flights cannot enter or leave northern Quang Ninh Province from Thursday following the resurgence of Covid-19 transmissions.

Bac Giang develops diversified agriculture based on characteristics of midland and mountainous region

(BGO) - Attending the 13th National Congress of the Communist Party of Vietnam, on January 27 morning, Duong Van Thai, Secretary of the provincial Party Committee, Chairman of the provincial People's Council, head of the Party delegation of Bac Giang province delivered a report at the hall. Bac Giang Newspaper would like to introduce his presentation.

Source: VnExpress