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In 2018, Vietcombank became the first bank to be officially granted the decision to apply Basel II under Circular 41 by the State Bank of Vietnam. [ 16 ] [ 17 ] [ 18 ] In 2019, Vietcombank became the first Vietnamese bank to have profit reaching the milestone of 1 billion USD.
Until the French colonization in the mid-19th century, Vietnam's economy had been mostly agrarian, subsistence-based and village-oriented. French colonizers, however, deliberately developed the regions differently as the French needed raw materials and a market for French manufactured goods, designating the South for agricultural production as it was better suited for agriculture, and the ...
In late 2019 and early 2020, the COVID-19 pandemic broke out worldwide. Nguyễn Xuân Phúc led the Vietnam's pandemic response, assigning Deputy Prime Minister Vũ Đức Đam to direct. He instructed all people to stay at home, only going out in cases of absolute necessity such as buying food, medicine, emergency, working at factories ...