According to statistics from Yuanta, market-wide revenue and post-tax profit rose by approximately 20.1% and 50.8% year-on-year, respectively, buoyed by the low comparative base of 2024.
While several commercial banks project profit increases of 20-33%, others, particularly state-owned, are taking a more cautious approach amidst unpredictable global financial conditions, highlighting a growing divergence in the banking sector’s outlook for this year.
Pre-tax profit of parent companies of 19 corporations and parent companies under the Commission for Management of State Capital at Enterprises (CMSC) is estimated to reach 50.36 trillion VND (2.08 billion USD) in the first nine months of the year.
Numerous enterprises have reported rising profits in the first half of the year, with several firms seeing a twofold surge in profits after tax compared to last year. This indicates an economic recovery despite both domestic and international challenges.
Numerous enterprises have reported rising profits in the first half of the year, with several firms seeing a twofold surge in profits after tax compared to last year. This indicates an economic recovery despite both domestic and international challenges.
A growing number of financial companies of the Republic of Korea (RoK) are showing signs of extended profit in Vietnam after years of a downturn brought on by the COVID-19 pandemic, market watchers have said, elaborating that they include Woori Bank, Hanwha Life and Lotte Card.
Despite the uncertain future of the real estate market, several prominent companies in the industry have recently announced significant profits. This has sparked optimism among investors and experts, suggesting that the market may be on track for a gradual recovery and a fresh phase of growth.
With the consecutive opening of new routes from the first months of 2023, coupled with the supply of quality products and services, Vietjet reported profits in the first quarter of 2023.
Go Cong Tay district in the Mekong Delta province of Tien Giang plans to expand organic rice-growing areas to nearly 200ha this year, as part of the effort to promote the potential of the locality.
The Saigon-Hanoi Commercial Joint Stock Bank (SHB) was given approval from the State Bank of Vietnam to increase its charter capital from the current 19.2 trillion VND (843.2 million USD) to 26.6 trillion VND (1.16 billion USD).
Banks, especially State-owned banks, are expected to increase their capital significantly this year as they are allowed to retain profits or pay dividend in shares instead of cash as previously.
Strong growth of local fisheries production and exports has helped many listed firms increase profits, with some even hitting their yearly profit targets in only nine months.
According to the latest survey conducted by the Japanese External Trade Organisation (JETRO), up to 70 percent of Japanese businesses said they want to expand operations in Vietnam, a year-on-year rise of 10 percent.
The People’s Committee of Dong Thap province has directed relevant agencies and district authorities to ensure farming of white-leg shrimps in freshwater areas is not expanded since the saltwater discharged by these farms affect water bodies and crops.
A survey by the Vietnam General Confederation of Labour (VGCL) conducted in March and April on 2,500 workers revealed that labourers work overtime for the extra money, not because they want to.
All eight coal-mining companies under the Vietnam National Coal and Mineral Industries Group (Vinacomin), listed on the two stock exchanges, have reported larger profits in the first half of 2015.