BANKS DOMINATE VIETNAM’S PROFIT MAKERS LIST
Seven banks are in the list of Top 10 most profitable listed companies in Q1, recording increases in pre-tax profits.
Topping the list are two stated-owned lenders Vietcombank and VietinBank. The former recorded VND8.6 trillion ($373.9 million) in pre-tax profits, up 65 percent year-on-year, while the latter posted VND8 trillion, up 171 percent.
SOUTHERN STOCK MARKET POSTS HIGH TRANSACTION VALUE IN APRIL
Liquidity of the southern stock market in April stood at the highest level from the outset of the year, with more than 14.51 billion stocks traded at a value of over 366.94 trillion VND, according to the Ho Chi Minh Stock Exchange (HOSE).
GOV’T PROMULGATES THIRD DECREE ON EXTENSION OF DEADLINES FOR TAX PAYMENT
The Government has issued Decree No. 52/2021/ND-CP proving extension of time limits for payment of value-added tax, corporate income tax, personal income tax, and land rent fees to support businesses and people suffering from the COVID-19 pandemic.
OPTIMISTIC MOTIVATION FOR STOCK MARKET
Macro-economic stability, over 80% of listed companies in 2020 being profitable, good containment of Covid-19 pandemic and the introduction of many new policies will further motivate Vietnam's stock market to grow stronger in the coming time.
FUNDAMENTALS ALL IN PLACE FOR VIETNAMESE STOCKS TO TAKE OFF
I recently had a discussion with our team of analysts on what the key factors are when analysts issue recommendations on individual stocks. Analysts need to have an understanding of the current developments of the global economy and the economy of the target country. Only then can they arrive at the right risk/return assumptions for long-term stock selections.
STRONG RISE IN BANK PROFITABILITY IN FIRST QUARTER
This year, ACB's pre-tax profit target is VND10.6 trillion ($460.87 million). According to the bank, if the situation remains unchanged, the target could be achieved.
VIETNAM SUSTAINS GROWTH MOMENTUM IN BOND MARKET
An improving global economic outlook and progress in COVID-19 vaccinations have pushed up bond yields in emerging East Asia, including Vietnam, according to the latest issue of the Asian Development Bank’s (ADB) Asia Bond Monitor.
MOBILE TRANSACTIONS IN VIETNAM TO GROW BY THREE TIMES BY 2025
Mobile transactions in Vietnam are expected to increase by 300 per cent between 2021 and 2025, led by strong growth in mobile payments, as revealed in the second edition of the Fintech and Digital Banking 2025 (Asia-Pacific) IDC InfoBrief, commissioned by Backbase.
