Vietnamplus

The Government supports the policy of allowing four State-owned banks to raise charter capital, said Governor of the State Bank of Vietnam (SBV) Le Minh Hung.

Many Vietnamese commercial banks have moved to develop retail banking services, seeing it as a strategy to reduce risks and optimise their business results, according to insiders.

The national flag carrier, Vietnam Airlines reported on December 30 that its profit in 2019 is estimated to hit nearly 3.37 trillion VND (146.20 million USD) – the highest level so far.

The annual food and beverage consumption of Vietnam accounts for about 15 percent of the country’s GDP and tends to increase in the near future.

Shares in securities companies seem to have lost their shine for investors in the face of fierce competition from foreign-invested firms.

The PetroVietnam has fulfilled key business targets for 2019 in terms of oil and gas production, total revenue, after-tax profit and State budget contribution before the year-end.

Although the Unlisted Public Company Market (UPCoM) attracts less attention from investors than the Ho Chi Minh and Hanoi stock exchanges, the market still offers potential opportunities for market players who thoroughly understand it.

Bitel, a subsidiary of the Viettel Military Industry and Telecomes Group in Peru, reported that its total revenue reached 274.2 million USD and profit before tax of 24.5 million USD in the first nine months of this year.

Among the 10 most profitable firms in the banking – financial – securities sector in 2019, banks continue to be the focus of attention while the “trillions-of-VND” club has seen changes.

The Binh Son Refining and Petrochemical Joint Stock Company (BSR) has enjoyed sound business results from the outset of the year, although its profit margin was affected by fluctuations in global oil prices.

Alcohol and beer consumption is booming, and local beverage producers are cashing in.

Brokerages proposed different scenarios for the movement of VN-Index from now until the end of the year depending on the world's economic growth prospects.

Chairman of the Hanoi People’s Committee Nguyen Duc Chung led a delegation to visit Singapore from September 21-23, aiming to learn from partners’ experience in organizing the Formula One Vietnam Grand Prix in 2020 (F1 Grand Prix) and promote investment cooperation with the country.

Automobile stocks are expected to lure more investment thanks to the growth of market consumption, forecast to reach over 500,000 vehicles per year from 2021.

Rising input production costs, unfavourable weather conditions, a saturated domestic market and stiff competition are causing difficulties for fertiliser businesses.

The Vietnam Oil and Gas Group (PetroVietnam) earned 489.5 trillion VND (over 21 billion USD) in revenue in the first eight months of the year, exceeding the target by 19 percent although the average price of crude oil fell to 58.62 USD per barrel in August compared to the predicted price of 65 USD per barrel.

The Hanoi Stock Exchange (HNX) has approved the listing of 45.7 million shares of Vietnam Television Cable Corporation (VTVCab) on the Unlisted Public Company Market (UPCoM) with the code CAB.

Multinational corporations are turning to new modes of foreign direct investment, such as manufacturing and services lease, agricultural contracts and franchising to seek better business results.

Positive business performance and the divestment of State capital from enterprises has helped firms in the water supply and drainage sector draw attention from investors.

A series of best-performing stocks on the Vietnamese stock market are losing their steam due to poor business performances.