Real estate businesses in Ho Chi Minh City are gingerly reopening, mostly consulting and carrying out transactions online due to the COVID-19 prevention and control regulations still in force.
Vietjet Aviation Joint Stock Company (HOSE: VJC) has released its half-year audited financial statements for 2021, which saw a bigger post-tax profit of the parent company over its compiled reports.
The banking industry sharply reduced outstanding loans for real estate business in the first half of 2021 and will continue such limits in the second half.
The Ho Chi Minh City Development Joint Stock Commercial Bank (HOSE: HDB) has reported pre-tax profit of 4.19 trillion VND (183.9 million USD) for the first half of the year, a year-on-year increase of 44.2 percent and equivalent to 58 percent of the full-year target.
VPBank recorded pre-tax profit of more than 4 trillion VND (173.2 million USD) in the first quarter of the year, an increase of 38 percent over the same period last year.
Vietnam's largest brewer Sai Gon Beer-Alcohol-Beverage JSC (Sabeco) earned 986 billion VND (42.6 million USD) in post-tax profit in the first quarter of this year, an increase of 37.5 percent compared to the same period in 2020.
The Ministry of Industry and Trade (MoIT) has proposed a 35 percent cap on foreign investment in local oil and petrol businesses, but said it was open to scrapping the regulation.
Competition among banks to lure demand deposits is becoming fiercer as the cheap capital source helps banks increase their net interest income (NIM) ratio.
Vietjet Aviation Joint Stock Company (HOSE: VJC) has released its financial statements reporting 4,430 billion VND (approx. 192 million USD) of consolidated revenue in the fourth quarter of 2020 and a total of 18,210 billion VND (approx. 790 million USD) of consolidated revenue in 2020.
The number of foreign direct investment (FDI) enterprises continues to increase in Vietnam, but more are reporting losses. The Ministry of Finance (MoF) said FDI firms' contributions were not yet commensurate with the preferential policies given to them.
A Vietnam Airlines representative announced on December 21 that the national flag carrier has been honoured in Forbes Vietnam’s list of 50 leading brands in Vietnam in 2020 by sector.
Some UPCOM-listed companies are enjoying stable earnings brought by joint ventures they established with foreign partners, but their core businesses remain insignificant.
After 33 years of attracting foreign direct investment (FDI) into Vietnam, besides the positive aspects, FDI still has negative issues. It is still common for FDI enterprises to declare and report losses for many reasons, but especially the behavior of “transfer pricing” must be mentioned.
Ambassador Le Dung, Vietnam’s permanent representative to the International Atomic Energy Agency (IAEA), reaffirmed Vietnam’s commitment to maintaining close cooperation with the agency to promote the application of nuclear technology for peaceful purposes and to serve sustainable development, especially in resolving global issues such as disease, climate change, and environmental pollution.
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.
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