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Vietnam’s typhoon relief measures could pressure bank profitability

The State Bank of Vietnam has emphasized the importance of supporting economic recovery while maintaining financial stability. It has called on banks to adopt a proactive approach to manage the risks associated with these relief measures. Some banks have already begun to strengthen their risk management frameworks and capital buffers to better navigate the expected challenges.

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LOTTE contributes VNĐ3 Billion for typhoon relief in Vietnam

In response to this unprecedented disaster, LOTTE Group and its subsidiaries—such as LOTTE Department Store, LOTTE Mall West Lake Hà Nội, LOTTE Mart, LOTTE E&C, LOTTE Hotels, and LOTTE Rental—mobilized their resources to assist affected communities swiftly. The group's representatives presented VNĐ1.6 billion to the VFF office in Hà Nội, VNĐ1.1 billion to the VFF branch in Ho Chi Minh City, and an additional VNĐ300 million to VFF branches in Hạ Long City, Long An, and Bình Dương provinces.