Seventy-five Vietnamese businesses received awards for their achievements last year in product and service quality and business performance in Ha Noi on Sunday.
Hyower plants have seen poor business performance in the first quarter of 2019, which could give coal-powered and gas-powered thermo-electric plants more opportunities to produce electricity.
A majority of credit institutions in the country said their business performance in the first quarter of 2019 was better than the same period last year, according to the State Bank of Viet Nams March survey released late last week.
Despite the central bank’s tightened monetary policy, many banks reported good business performance last year thanks to improved bad debt resolution and rising income from services.
Many banks have reported good business performance in the first nine months of the year thanks to decreasing provision costs and rising income from services.
According to the General Statistics Office (GSO), in the fourth quarter of 2017, 44.8 per cent of firms reported better business performance in Q4 than Q3.
The total loans of the banking system are expected to grow by 16.33 per cent in 2017 against December last year, lower than the Government’s limit of 18 per cent.
Several commercial banks have in the early days of 2017 posted positive business performance for 2016, with profits much higher than the previous year.
More than 55 per cent of commercial banks had expected their business
performance results this year to outstrip last year, while 14.1 per cent
held the opposite opinion.