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Asia Commercial Joint Stock Bank expects 14% rise in FY'16 pretax profit

Asia CommercialJoint Stock Bank expects pretax profit for fiscal 2016 to reach 1.5trillion dong, up 14% from the previous year, Viet Nam News reported March 30.

The bank also expects to pay the dividend in a 10-1 ratio, whichmeans every shareholder with 10 shares will receive 1 new share.

As of March 30, US$1 wasequivalent to 22,284.50 Vietnamese dong.