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The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has set a pre-tax profit target of 13 trillion VND (558.8 million USD) in 2020, just 1 percent higher than the figure last year.

Non-life insurers have cut back cash dividend rates for 2020 by maximum five percentage points as they prepare for a global economic downturn.

Shareholders of Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) approved the bank’s financial statements for last year, a number of targets for this year, profit distribution plans and other important proposals at its annual general meeting held online on June 5.

The PetroVietnam Gas Joint Stock Corporation (PV GAS) has been named in the list of the top 50 listed companies 2020 by Forbes Vietnam for the eighth consecutive year.

Listed steel companies reported positive business results in the first quarter of this year despite the impacts of the COVID-19 pandemic.

Vietnam Electricity (EVN) recently reported a pre-tax profit of 12.5 trillion VND (535 million USD) last year, up 38 percent year-on-year.

Fishery enterprises’ first-quarter profits were hit hard due to the negative impacts of the COVID-19 outbreak.

Financial reports released by some banks in the first quarter have reflected the adverse impacts of the COVID-19 pandemic on their business activities, with declining profits and rocketing bad debts.

FPT Corporation achieved revenue of 6.63 trillion VND (282.6 million USD) and pre-tax profit of 1.14 trillion VND (48.6 million USD) in the first quarter of the year, a year-on-year increase of 17 percent and 18.9 percent, respectively, surpassing 2 percent of its target.

Electronic and computing retailer Digiworld Corporation has estimated that its first-quarter revenue and post-tax profit increased 63 percent and nearly 80 percent year-on-year.

PetroVietnam Gas Corporation JSC (PVGas) earned 17.5 trillion VND (743.4 million USD) of total revenue in the first quarter of the year.

The Kien Giang Construction Investment Consultancy Group listed 50 million shares on the Ho Chi Minh Stock Exchange (HoSE) on March 25.

Viettel Global Investment JSC posted more than 2.15 trillion VND (over 93 million USD) in pre-tax profit in 2019, surging 2.3 trillion VND from the loss of 150 billion VND in the previous year.

The Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) is striving to earn 2 trillion VND (86 million USD) in pre-tax profit this year.

Corporate earnings were forecast to slow in 2020 as the economy became more vulnerable to external factors, data firms and securities businesses forecast.

The Airports Corporation of Vietnam (ACV) expects profit this year will reach just 1.7 trillion VND (73.4 million USD), a decrease of more than 6 trillion VND compared to the year’s forecast, due to the effect of COVID-19.

FPT Corporation is aiming to earn 32.45 trillion VND (over 1.38 billion USD) in revenue and 5.51 trillion VND in pre-tax profit this year, gaining 17 percent and 18 percent respectively against 2019.

The Sai Gon-Hanoi Commercial Joint Stock Bank (SHB) enjoyed over 3 trillion VND (over 129.2 million USD) in pre-tax profit in 2019, representing a yearly increase of 47 percent.

Novaland published its consolidated financial statement for the fourth quarter of 2019, announcing that its post-tax profit hit 3.38 trillion VND.

Most large-cap firms have released full-year earnings reports for 2019 with 29 companies reporting a pre-tax profit of more than 3 trillion VND (roughly 130 million USD).