The Vietnam Bank for Industry and Trade (VietinBank) held a conference in Ha Noi on Wednesday to review its half-yearly performance and to launch tasks for the rest of 2017.

Speaking at the event, Nguyen Van Thang, chairman of the management board of VietinBank, urged all branches to fix existing shortcomings in order to facilitate business activities.

In the near future, VietinBank will channel credit into the manufacturing value chain, hi-tech and clean agriculture, start-ups, and small- and medium-sized enterprises.

The bank will also pay attention to growth while controlling credit quality by accelerating debt collection, in line with the National Assembly’s resolution.

Le Duc Tho, general director of the bank, said VietinBank’s total assets are to the tune of VND1,030 trillion (US$44.78 billion) at the end of June, up 9 per cent from December 31, 2016.

The bank raised mobilised capital worth VND947 trillion ($41.17 billion), marking a 9.7 per cent increase from early 2017, while its outstanding loans rose 9.6 per cent to VND767.8 trillion. Its pre-tax profit rose 12 per cent year on year, and stands at 54 per cent of this year’s target. — VNS