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Banks report record high profits

by VTV426 January 2019 Last updated at 10:49 AM

VTV.vn - When the fiscal year of 2018 ended, a number of banks reported reaching profits of over 431 million USD, a 30 to 60% increase compared to the previous year.

In particular, several Vietnamese banks reported record high pre-tax profits such as Vietcombank and Techcombank. Techcombank hit a record of pre-tax profit of over 457 million USD. This impressive achievement stems from growth in all of the bank's businesses, including increased services for mobile devices to reduce costs and credit. With high-risk areas such as BOT and traffic projects, some banks chose to mobilize capital through the market for businesses by advising them to issue more than 2,5 billion USD of corporate bonds.

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