Massive profits slated for finance and banking sector in 2018Throughout the annual general meetings (AGMs) season, numerous commercial banks unveiled remarkable business targets for the year ahead, promising huge revenues, profits, and charter capital raises. Vietnam's finance and banking sector saw a substantial recovery showcased in past achievements and ambitious targets in for 2018Nguyen Duc Vinh, CEO of VPBank, asserted that the bank's shareholders approved the plan to reach VND10.8 trilllion ($474.12 million) in pre-tax profit by the end of 2018. Over the same time period in 2017, the bank managed to raise its charter capital from VND9.181 trillion ($403.04 million) to VND15.706 trillion ($689.49 million). Additionally, the bank planned to raise its charter capital to VND16.6 trillion ($728.74 million) by the end of 2018 and to VND18 trillion ($790.2 million) by the end of 2019. In 2017, Techcombank gained a pre-tax profit of over VND8 trillion, which was 200 per cent of the previous year's pre-tax profit figure and 400 per cent of the same category in 2015.