Many Banks Report Good Performance

Banking has the highest profit growth in 2006 with all joint stock banks having profits exceeding targets.

All joint stock banks having profits in 2006

The Asia Commercial Bank earned a before tax profit of VND 682.4 billion (US$ 42 million) last year, up 77.21% from 2005, and Sacombank VND 520 billion (US$ 32 million), up 70%.

Similarly, the Vietnam Export Import Bank has its profits increase by 120% to VND 340 billion (US$ 21 million). The Orient Bank doubles its profits to VND 140 billion (US$48 million).

With good business potentials, shares of listed and non-listed banks are attracting professional investors with much capital and people who used to do business in real estate trading or deposit their money in banks.

By Binh Chi - Translated by Le Thao

Other news