profit

Economic groups and corporations increase revenue and profit

09:48 | 02/08/2024 Import-Export

VCN - Regarding the implementation of financial targets of parent companies, in the first 6 months of 2024, revenue is estimated at nearly VND 647,807 billion, equal to 54.4% of the annual plan and 112% over the same period; pre-tax profit is estimated at

Bank profits improve but there are no expectations

09:48 | 20/07/2024 Import-Export

VCN - Currently, no bank has announced specific business results and profits for the second quarter as well as the first 6 months of 2024.

Increasing bad debt, many banks cut risk provisions

09:08 | 02/06/2024 Finance

VCN - In the first quarter of 2024, the summary of financial statements of twenty eight banks listed on the market shows that the bad debt balance of twenty eight banks increased by 14.4% compared to the beginning of the year, contrary to the decreasing t

How did many banks' profits surge in Q1 2024?

10:31 | 20/05/2024 Finance

The business results for Q1 2024 of commercial banks showed positive growth, with some banks experiencing up to 165% growth.

Ambitious profit goals of banks

10:32 | 13/04/2024 Finance

VCN - Setting the target of a sharp increase in profit is VPBank. According to the draft 2024submitted to the General Meeting of Shareholders, VPBank targets consolidated pre-tax profit in 2024 to increase by 114% compared to 2023, equivalent to VND 23,16

Accumulating bad debt ratio put pressure on banks

09:53 | 11/03/2024 Import-Export

VCN - According to the summary of 2023 business results of 28 listed banks, the total volume of bad debt by the end of 2023 has increased by more than 40% compared to 2022, to nearly 195,000 billion VND.

What to do to stop the "plunging" momentum of seafood exports?

10:00 | 10/11/2023 Import-Export

VCN - Competition in seafood prices in the international market makes it difficult for Vietnamese businesses to find orders, leading to price reductions.

Market difficulties prompt businesses to adjust their business targets

10:24 | 05/11/2023 Import-Export

VCN - Decreased revenue and profits are commonly reported in the Q3 business results of export-oriented companies as key markets have yet to rebound. With the prospects of recovery in these markets still slow, many companies have adjusted down their produ

Is non-interest income an " salvation" for bank profits?

15:51 | 26/08/2023 Import-Export

VCN - The context of slowing growth, and thinning Net Interest Margin (NIM) has caused banks' main revenue to decrease in the first 6 months of 2023. Therefore, for many banks, non-interest income is a "salvation" for profits not fall too deeply.

Seafood exports to the UAE have significant potential

10:06 | 16/08/2023 Import-Export

VCN - According to Le Hang, Director of Communications at the Vietnam Association of Seafood Exporters and Producers, the UAE imports around 250 thousand tons of seafood per year, worth US$750 - 800 million.

Banks are cautious about profit target

10:11 | 18/07/2023 Finance

VCN - In the second half of the year, the fact that the State Bank of Vietnam (SBV) continuously cut operating interest rates at the end of the second quarter of 2023 has helped banks' capital costs to be reduced sharply, credit growth has also increased,

Textile enterprises overcome difficulties sustainably

13:53 | 08/05/2023 Import-Export

VCN - Although the current and short-term market conditions have not shown signs of improvement, textile and garment enterprises are still consistent with their long-term goals by boosting investment to meet new trends in the market.

Banks cautious about profit targets for 2023

20:09 | 05/03/2023 Finance

Commercial banks will hold annual general meetings of shareholders (AGM) next quarter to map out production and business plans for 2023.

Demand falls, shipping lines face many challenges

11:00 | 25/02/2023 Import-Export

VCN - After exploding in 2021, the container shipping market entered a downward cycle in 2022 when demand went down, causing the freight rates to drop sharply. It is forecast that it will not be until the second half of 2023 that the situation will begin

Enterprises need leading firms for the production chain

14:55 | 23/02/2023 Import-Export

VCN - The experience of many countries shows that large-scale enterprises are the leading enterprises that play an essential role in creating an ecosystem that leads the development of enterprises participating in the production chain.