A VietinBank transaction office. (Source: VietinBank)
Hanoi (VNA) – Many commercial banks postedpositive business performance for the first quarter of the year with highprofits.
The Joint Stock Commercial Bank forForeign Trade of Vietnam (Vietcombank) recorded the post-tax profit hittingover 2.2 trillion VND (97 million USD), up 20.1 percent from the same periodlast year. The figure made the bank the top of the list in terms of profit ofthe first quarter.
The Vietnam Bank for Industry andTrade (Vietinbank) got a pre-tax profit of 2.544 trillion VND (111.9 millionUSD), up 5.8 percent year-on-year, and post-tax profit of 2.039 trillion VND(89.7 million USD).
This is the strongest growth the bank has recordedsince 2011, according to Vietinbank Chairman of the Board of Directors NguyenVan Thang.
The Bank for Investment and Development ofVietnam (BIDV) earned nearly 2.277 trillion VND (100.1 million USD) and 1.848 trillion VND (81.3 million USD) in pre- and post-tax profits, respectively, upover 9 percent year-on-year.
Similarly, the Vietnam Technological andCommercial Joint Stock Bank’s (Techcombank) total pre- and post-tax profitswere 1.32 trillion VND (58.2 million USD), double the figure of the same periodlast year, and 1.059 trillion VND (46.6 million USD), respectively.
Meanwhile, the Military Bank (MB) recorded ayear-on-year increase of 22 percent to 1.055 trillion VND (46.4 million USD) inpre-tax profit, or 25 percent of the yearly plan. The bank hopes to post 4.532trillion VND (199.4 million USD) in pre-tax profit this year.
Also in the reviewed period, the Saigon ThuongTin Commercial JSC.’s (Sacombank) showed impressive performance with pre- andpost-profits hitting 309 billion VND (13.6 million USD), and 210 VND (9.24million USD), up 50 percent and 30 percent, respectively.
The Export-Import Bank (Eximbank) recorded afive-time increase 170 billion VND (7.48 million USD) in pre-tax profit, and136 billion VND (5.98 million USD) in post-tax profit.
According to the Department of Statistics and Forecastingunder the State Bank of Vietnam, the banking system’s the average growth isexpected to rise by 13.4 percent, higher than that of 2016.-VNA
Analysts of the Retail Research and Investment Advisory Division at Saigon Securities Incorporation (SSI) have predicted 2017 will be a challenging year for banks to increase their NIM.
The State Bank of Vietnam (SBV) will work to maintain interest rate stability, enabling firms to access credit for their production and business, SBV Governor Le Minh Hung has said.
An online seminar on strengthening trade relations through international trade fairs, held by the Vietnam Trade Office in India on June 25, saw the participation of nearly 50 Vietnamese seafood companies and 50 Indian enterprises in sectors of processed food, agricultural products, fruits, and spices.
The vehicles will be deployed for mail and parcel delivery by Hanoi Post, marking another step in the strategic partnership between the two firms since 2021. With this batch, the total number of electric motorbikes Honda has supplied to Vietnam Post has reached 405, operating primarily in key cities such as Hanoi and Ho Chi Minh City.
With participation from major players representing countries such as Russia, China, Japan, India, Thailand, and Indonesia, Vietbuild 2025 is expected to present a wide range of environmentally friendly and innovative products and services, especially building materials, machinery, and interior and exterior decoration.
Bulgaria holds strengths in sectors that align well with Vietnam’s development focus, including information technology, software, electronics, energy and the environment, startups and innovation, agriculture and food processing, logistics, and freight services.
Vietnam Airlines is pursuing an Environmental, Social, and Governance (ESG) roadmap to reduce emissions, improve fuel efficiency, and adopt sustainable aviation fuels. It is also investing in workforce development, corporate culture, and international management practices.
Thailand's largest retailer, Central Retail Corporation (CRC), will invest over 45 billion THB (1.38 billion USD) through 2027 to expand mainstream markets and accelerate growth across Southeast Asia, including Thailand and Vietnam.
Vietnam ranks among Asia’s top producers and exporters of denim, with hundreds of factories producing denim fabric and garments. Vietnamese denim products are now exported to over 70 countries.
In 2024, durian was a leading export among Vietnam’s fruits and vegetables, earning a record of 3.3 billion USD and accounting for 46% of the sector’s total export value. China was the largest market, importing 3.2 billion USD worth of durians, or 97% of the total.
The arrival of this first wind power equipment shipment signalled the Trung Nam Ca Na seaport’s infrastructure readiness and its entry into a new phase of development, aligned with Vietnam’s adjusted National Power Development Plan VIII.
PM Pham Minh Chinh has called on global tech giants to bolster cooperation with Vietnam to assist with the country's efforts to drive a startup and innovation ecosystem.
Prime Minister Pham Minh Chinh had meetings with leaders from multinational corporations on June 25, advancing Vietnam’s infrastructure development as well as food processing sector, on the sideslines of the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF) in Tianjin city.
According to UOB, following the US’s announcement of reciprocal tariffs of 46% on Vietnamese goods on April 2, around 80% of Vietnamese businesses have proactively taken measures to respond to potential impacts.
As one of the most prestigious annual international events in the industry, the expo serves as a prime platform for enterprises to connect, exchange valuable experience, and explore reliable collaboration opportunities with both domestic and international companies.
Organised by the Vietnamese Embassy and Trade Office, Vietnam's national booth showcases catalogues and product samples from over 30 Vietnamese companies, spanning key sectors such as agriculture, seafood, food and beverages, footwear, textiles, furniture, plastics, construction materials, and industrial machinery.
A VietinBank transaction office. (Source: VietinBank) 
