Logo of Phnom Penh Post newspaper Phnom Penh Post - Business

Profit down in Q3, likely to pick up in Q4: Vietnam banks

Publication date 22 October 2021 | 14:59 | ICT

Vietnamese commercial banks have recorded lower profit during the third quarter of the year with the underlying cause being the fourth outbreak of the novel coronavirus, which resulted in lockdowns in major cities and provinces across the

Latest

[name_1]

  • Metfone Grand Globee winner with three golds

    METFONE – Cambodia’s leading telecommunications and digital technology company – was on Wednesday named the Grand Globee Winner by the Globee Awards, the world’s premier business awards programme and business ranking list.

  • Canadia Bank takes The Asian Banker’s ‘Strongest Bank’ in Cambodia for 2021 award for third consecutive time

    Canadia Bank was bestowed the “Strongest Bank by Balance Sheet in Cambodia, 2021” award for the third consecutive year by The Asian Banker at a virtual ceremony on Thursday.

  • Siem Reap tourism master plan in motion

    The government on October 20 launched the Siem Reap Tourism Development Master Plan 2021-2035 at a virtual ceremony presided over by Ministry of Economy and Finance Aun Pornmoniroth.

  • US firms invited to develop infrastructure in Cambodia

    Cambodia has asked US companies to compete in tenders for infrastructure projects, to improve development in a field currently devoid of US investment, where the vast majority of bidders and builders are Chinese firms.

  • Cambodia to host Eurasia economic, business forum

    Cambodia is set to host the 1st Asia-Europe Economic and Business Forum on November 24, an event which will showcase areas of investment opportunities and potential in the aftermath of the Covid-19 crisis.

  • Kingdom calls for worldwide sustainable-investment push

    Heightening geopolitical competition among major powers is bearing far-reaching negative implications for foreign direct investment (FDI) flows across the world, and although the Covid-19 crisis drags on, it offers unprecedented imp

  • Korea’s KB Kookmin Bank says completes acquisition of Prasac

    South Korea’s KB Kookmin Bank, New York-listed KB Financial Group Inc’s (KB) commercial banking unit, on October 20 announced the completion of the acquisition the remaining 30 per cent interest in Prasac, Cambodia’s largest microfinance institution, as it expands its business into the Kingdom’s

  • Evergrande shares fall as deal flops

    Chinese property giant Evergrande’s shares plunged on October 21 after resuming trading in Hong Kong, with the failure of a unit sale deal deepening fears the indebted firm will collapse and send shockwaves through the world’s second-largest economy.

  • Micron plans $150B push on US chip making, study

    US semiconductor company Micron announced plans on October 20 to invest $150 billion over the next decade on manufacturing and research, including potential production capacity in its home country.

  • Japan’s 30-year wage slump at fore

    Economic policies will take centre stage during campaigning for Japan’s House of Representatives election, with the leader of the Liberal Democratic Party (LDP), Prime Minister Fumio Kishida, pledging to create a “virtuous cycle of growth and [wealth] distribution”.