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.
Singapore Airlines posted its highest annual revenue in 2018 fiscal year, though higher fuel costs nearly halved its profit.
The stock market’s growth in the first quarter of 2019 was fairly positive with 15 out of the 18 sectors gaining higher scores and a strong flow of money poured into the market through exchange traded funds.
Summer is the peak season for tourist companies and high sales and dividend rates are expected to drive tourism shares up in the coming months.
More and more banks have started offering free services to attract customers in a very competitive market.
The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) plans to collect 5.07 trillion VND (217 million USD) in pre-tax profits this year, an increase of 27 percent compared to 2018.
Shareholders in Saigon Beer-Alcohol-Beverage Corporation (Sabeco) have approved a plan to raise its dividend payment for 2018 from 35 to 50 percent.
Industrial zone developer Kinh Bac City Development Share Holding Corporation (KBC) has set higher business targets for 2019, aiming for total consolidated revenue of 3.9 trillion VND (167.4 million USD) and net profit of nearly 1.04 trillion VND (44.5 million USD).
The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has announced its audited financial report for 2018 with impressive numbers.
Listed companies on the Hanoi Stock Exchange (HNX) reported their profits grew 11.4 percent year on year to reach 19.93 trillion VND (855.6 million USD) in 2018.
Vietnamese shares are forecast to advance in March as investors may seize the chance to invest in companies that are about to provide clearer visions for 2019 at their annual shareholder meetings.
Many banks have seen their service earnings accelerate, buoyed by increasing investment for the business segment and rising market demands.
The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has announced its results for the fourth quarter of last year and for the full financial year, achieving impressive growth and meeting ambitious targets.
Prime Minister Nguyen Xuan Phuc has asked the Tax Department of Ho Chi Minh City to hold back on enforcing a tax decision on collecting 3.14 trillion VND (some 136.1 million USD) from Sai Gon Beer-Alcohol-Beverage Corporation (Sabeco) for violations on special sales tax.
The list of top 500 largest enterprises in Vietnam (VNR500) has been unveiled, showing that Vietnam’s private sector continued to post strong growth with the compounded annual growth rate (CAGR) among private firms rising significantly, reaching 21.8 percent in the 2014-2017 period.
The Ho Chi Minh Stock Exchange (HoSE) has approved the listing of Song Hong Garment Joint Stock Company on the southern bourse.
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.
Many banks have reported good business performance in the first nine months of the year thanks to decreasing provision costs and rising income from services.
