HANOI, July 8 (Xinhua) -- Many Vietnamese banks unveiled positive business performance results in the first half of this year, with some new records being set, local media reported on Monday.
Among large-sized banks, Vietcombank made a record high pre-tax profit of over 11.1 trillion Vietnamese dong (482.6 million U.S. dollars) in the six-month period, and the bank can gain the profit of over 1 billion U.S. dollars this year, compared with the annualized target of 20 trillion Vietnamese dong (869.6 million U.S. dollars), daily newspaper Vietnam News quoted its chairman Nghiem Xuan Thanh as saying.
Among medium-sized banks, TPBank also posted a record high profit of more than 1.6 trillion Vietnamese dong (70.4 million U.S. dollars) between January and June, 1.5 times higher than the same period last year.
Among small-sized banks, Nam A Bank announced a profit of 440 billion Vietnamese dong (19.1 million U.S. dollars), compared with 335 billion Vietnamese dong (14.6 million U.S. dollars) in the same period last year.
Other banks including VIB, Techcombank, ACB and MB also announced impressive half-year results.
Vietnam's central bank has set the 2019 credit growth target at about 14 percent, down from the 17-percent target set for last year. In recent months, the credit structure has shifted its focus towards manufacturing, especially to such prioritized sectors as hi-tech, agriculture and small- and medium-sized enterprises, while loans were tightened to sectors with high potential risks including property and securities.