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.
Hanoi (VNA) – The Vietnam Bank for Industry andTrade (VietinBank) held a conference in Hanoi on July 12 to review its first-halfperformance and launch tasks for the remaining months this year.
Speaking at the event, VietinBank Chairman of the Board ofDirectors Nguyen Van Thang urged branches to fix existing shortcomings tofacilitate business activities.
In the near future, VietinBank will channel credit intomanufacturing in value chain, hi-tech and clean agriculture, start-ups andsmall and medium-sized enterprises.
The bank will also pay attention to growth in combinationwith controlling credit quality by accelerating debt collection in line withthe National Assembly’s resolution.
Le Duc Tho, VietinBank General Director said the bankrecorded a total asset of 1,030 trillion VND (44.78 billion USD) at the end of June,up 9 percent from December 31, 2016.
It raised capital worth 947 trillion VND (41.17 billion USD),marking a 9.7 percent increase from early this year while outstanding loansrose 9.6 percent to 767.8 trillion VND (33.38 billion USD). Pre-tax profit rose12 percent year-on-year, or 54 percent of the target.-VNA
The Vietnam Commercial Bank for Industry and Trade (VietinBank) targeted increasing before-tax profit to 8.8 trillion VND (382.6 million USD) this year, up 231 billion VND (10.04 billion USD).
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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.
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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.
Illustrative image (Source: Internet) 
