Vietnamplus

A majority of credit institutions are optimistic about their business performance in 2022, according to the latest survey by the State Bank of Vietnam (SBV).

The number of surveyed firms in Ho Chi Minh City expressing optimism about business performance in the fourth quarter of this year has surged to 49.4 percent, the General Statistics Office (GSO) has reported.

The Southeast Asia Commercial Joint Stock Bank (SeABank) earned pre-tax consolidated profit of 698.3 billion VND (nearly 30.4 million USD) in the first quarter of 2021, an increase of nearly 2.3-fold year-on-year.

Enterprises in Singapore recorded their worst performance in the first quarter of 2020 since the global financial crisis of 2008 as the COVID-19 pandemic pushed the economy to stagnation, a recent business climate survey showed.

Indonesia's state budget deficit is expected to reach 2.2-2.5 percent of the country’s gross domestic product (GDP) this year as the new coronavirus-caused acute respiratory disease (COVID-19) has hindered global economic activities, Finance Minister Sri Mulyani Indrawati said.

The successful equitisation and capital divestment of State-owned enterprises (SOEs) would create benefits that boosted the stock market and business performance, experts have said.

Most domestic credit institutions and foreign banks’ branches in Vietnam expect their business performance in 2019 to be better than last year despite the predicted slowdown in credit growth, according to the State Bank of Vietnam's latest survey released late last week.

Most of credit institutions have expected better business performance for the fourth quarter as well as the whole of 2019, according to a recent survey by the State Bank of Vietnam.

About 22.7 percent of construction firms said they performed better in Quarter 3 while 40.9 percent said their business remained stable, according to the General Statistics Office (GSO).

The State Bank of Vietnam (SBV) has instructed local banks to better control risks in corporate bond investment, especially bonds of real estate firms.

A highlight of the banks' business performance in the first six months was their impressive before-tax profit.

About 89.4 percent of surveyed processing and manufacturing enterprises expected their production output would increase and remain stable in the third quarter of 2019, according to the General Statistics Office (GSO).

Vietnam’s biggest dairy company Vinamilk said on August 2 that it is maintaining the leading position in Forbes Vietnam’s list of top 50 brands in 2019, with its brand value exceeding 2.2 billion USD.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has been named the best bank of Vietnam in 2019 by Euromoney.

Domestic banks have unveiled positive business performance results in the first half of this year, with some new records being set.

Hydropower plants have seen poor business performance in the first quarter of 2019, which could give coal-powered and gas-powered thermo-electric plants more opportunities to produce electricity.

As many as 88 percent of credit institutions expected their business performance will keep improving in 2019, of which 35 percent anticipated ‘significant improvement’.

The charter capital of the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has risen by 3 percent to 37.1 trillion VND (1.6 billion USD) after its recent sale of more shares to two strategic investors - the Singaporean investment fund GIC Private Limited (GIC) and Japan’s Mizuho Bank.

A majority of credit institutions expect business performance this year will be better than 2017, according to the latest survey conducted by the State Bank of Vietnam on business trend among credit institutions in September.

Most credit institutions reported good results in the second quarter of this year, and expected their business performance throughout 2018 to be better than the previous year.