"Labour Hero" title for Dong Nai branch of Vietcombank awarded

03:08, 23/08/2005

(ĐN) – Yesterday morning of August 22, the Dong Nai branch of Vietcombank (VCB) held a formal ceremony to receive the Labour Hero title in the renovation process conferred by President.

(ĐN) – Yesterday morning of August 22, the Dong Nai branch of Vietcombank (VCB) held a formal ceremony to receive the Labour Hero title in the renovation process conferred by President. This was the fourth commercial bank in the province that has been already presented an honorary title by the State. The ceremony was attended by VIPs such as Vice President Truong My Hoa and Governor of the State Bank Le Duc Thuy.

“During the past five years, the mobilized capital of our branch rose by 5.63% over the previous years. The total capital increased by 5.47 times respectively during the same period. Overdue loans ratio at our branch fell 0.25%. Especially, the turnover of import-export payment service was US$ 2.285 billion recorded in the five past years, up 2.3 times over the previous years. The foreign currency trade and exchange turnover hit over US$ 2.1 billion, increased by 1.66 times over the same period. In addition, profit before tax (PBT) exposed increase 2.26 times. Our branch contributed more 120 billion VND to the State Budget” unveiled Director of Dong Nai branch of VCB Vuong Quynh Nhu.

Addressing at the ceremony, Mr. Le Duc Thuy, Governor of the State Bank highly appreciated efforts and contributions made by the branch staff during the past 15 years. He also expected further striving by staff members of the Dong Nai branch to hit the goal of achieving the success of the renovation cause in both of the provincial and national levels. The province party committee secretary Tran Dinh Thanh took this opportunity to promote the further development and improvement in the Dong Nai branch of VCB in order to achieve the magnificent target 2010 of building Dong Nai an economically strong and modernized province.

On this occasion, the Dong Nai branch donated 300 million VND to Long Thanh district in order to build school for children with Agent Orange-related disabilities and 10 million VND to Dong Nai Newspaper for its charity activities. At the same time, the Provincial Study Encouragement Fund also received donation from the Dong Nai branch worth 20 million VND.

Kim Loan