Military bank honored with noble order

2019-11-04 11:55:00
The Military Commercial Joint Stock Bank (MB) held a ceremony on November 2 in Hanoi to mark its 25th founding anniversary (November 4, 1994 - 2019) and receive the First-class Fatherland Protection Order.

The ceremony witnessed the presence of Defense Minister General Ngo Xuan Lich, who was joined by many senior defense leaders, including former high-ranking officers of the Vietnam People’s Army and representatives of ministries, sectors and enterprises.

Defense Minister General Ngo Xuan Lich speaks at the ceremony.


Speaking at the ceremony, General Lich applauded the bank for its achievements over the past time and emphasized that its leadership should continue to improve its management and operations and become one of the top five best banks in Vietnam. In addition, the defense minister required the bank to give priority to supporting defense missions, to build strong Party organizations, and to prepare for the Party congresses at all levels.Since its establishment on November 4, 1994, the bank has gradually become a popular brand name with a firm position in the market place. Starting with only VND 32.7 billion in 1994, the bank now has assets of more than VND 397 trillion with the average annual growth rate of 46 percent. Currently, it has three transaction offices, six member companies, 300 domestic branches, two branches abroad in Laos and Cambodia and a representative office in Russia. The bank is one of the biggest taxpayers with dozens of trillions donated to the State Budget.

General Ngo Xuan Lich (3rd from left) presents the noble order to the bank

On behalf of the State President, General Lich presented the noble order to the bank

.

Viet Nam lures over $25 billion in foreign investment in 11 months

Viet Nam received US$25.1 billion in foreign investment in the first 11 months, up 0.5 per cent month-on-month but down 5 per cent year-on-year, the Foreign Investment Agency (FIA) has said.
09:59:54 | 29/11/2022

2022 a quiet time for M&As

Figures from KPMG show that Vietnam’s merger and acquisition (M&A) market was down sharply in 2022 compared to 2021 both in deal numbers and size. No M&A deal worth in excess of $1 billion has been seen this year. It is forecast that the M&A market will be active once more in the next few years as foreign investors become more involved because domestic money is limited due to rising interest rates and lower liquidity.
21:40:42 | 07/11/2022

Vietnam treasures ties with Belgium: PM

Prime Minister Pham Minh Chinh hosted a reception in Hanoi on November 6 for the newly-appointed Belgian Ambassador to Vietnam Karl Van Den Bossche, during which the host affirmed that Vietnam always treasures its ties with Belgium.
21:32:32 | 07/11/2022

Problems in PPP projects still waiting to be solved

There are still shortcomings in the implementation of public-private partnership (PPP) projects, which need to be resolved promptly and thoroughly, in order to show the attention and support from the State, and create an equal investment environment.
07:52:49 | 02/11/2022

Forum seeks ways to promote Vietnam - U.S. trade in new context

Trade has become a pillar of the growing bilateral relationship between Vietnam and the U.S., Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Hoang Quang Phong said on November 16.
15:48:10 | 17/11/2021

Airborne security force set up to prevent terrorism, illegal interference

The Ministry of Public Security has officially established an airborne security unit under the Immigration Department, which is responsible for preventing and combating terrorist attacks and unlawful interference to ensure aviation security in Vietnam.
15:44:56 | 17/11/2021