The Vietnam Bank for Industry and Trade (VietinBank) reported its pre-tax profit of 405.7million USD in 2017, equivalent to 105 percent of its yearly plan, heard a conference in Hanoi on January 16.
General Director of Vietinbank Le Duc Tho speaks at the conference (Source: VNA)
Hanoi (VNA)– The Vietnam Bank for Industry and Trade (VietinBank) reported its pre-taxprofit of over 9.2 trillion VND (405.7 million USD) in 2017, equivalent to 105percent of its yearly plan, heard a conference in Hanoi on January 16.
The total assets of the bank notched ayear-on-year surge of 15.3 percent to more than 1.1quadrillion VND (48.4billion USD), and its outstanding loans reached 839 trillion VND (36.99 billionVND), up 18 percent year on year. Meanwhile, total capital was estimated atover 1 quadrillion VND (44 billion USD), a year-on-year increase of 16 percent,fulfilling 102 percent of the year’s target.
In the year, Vietinbank issued 4.2 trillion VND (184.8million USD) in secondary bonds. The successful issuance of the largest-eversecondary bonds affirmed the bank’s prestige and position as well as its effortsin raising capital capacity.
In 2018, Vietinbank aims to increase totalassets by 15 to 17 percent, capital mobilisation by 18 to 20 percent and creditby 16 to 17 percent. It also plans to keep bad debt under 2 percent. - VNA
The Vietnam Bank for Industry and Trade (Vietinbank) has funded the construction of 2,010 houses worth more than 50 billion VND (nearly 2.4 million USD) for poor households in the Mekong Delta city of Can Tho.
The Vietnam Bank for Industry and Trade (Vietinbank) started work on the construction of a nine-story office building in Laos’ capital city of Vientiane on November 15.
The Vietnam Bank for Industry and Trade (Vietinbank) will merge with Petrolimex Group Commercial Joint Stock Bank (PG Bank) in the third quarter of this year, said Nguyen Van Thang, Chairman of Vietinbank's Board of Directors, at the bank's Annual Shareholders' Meeting.
Vietnam Bank for Industry and Trade (VietinBank) and the Petrolimex Group Commercial Joint Stock Bank (PGBank) signed an official merger document on May 22, thereby opening opportunities for the new bank.
Some commercial banks have announced their lending rate cuts as from July 10in implementing the State Bank of Vietnam’s decision on reducing maximum short-term interest rate for loans in VND provided
The Vietnam Bank for Industry and Trade (VietinBank) held a conference in Hanoi on July 12 to review its first-half performance and launch tasks for the remaining months this year.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
General Director of Vietinbank Le Duc Tho speaks at the conference (Source: VNA) 
