Firms are struggling, banks have high profits

Firms are struggling, banks have high profits

VCN - In the first six months of the year, the number of firms temporarily suspending business and completing dissolution increased by 22.1% and 33.8% respectively from the same period in 2020
General Secretary of the Banking Association Nguyen Quoc Hung: Bank profits need to be understood correctly, objectively and comprehensively

General Secretary of the Banking Association Nguyen Quoc Hung: Bank profits need to be understood correctly, objectively and comprehensively

VCN – Talking to the press, Mr. Nguyen Quoc Hung, General Secretary of the Banking Association said that the profits of banks need to be viewed objectively, comprehensively and from many angles. Banks are also willing to share profits for the sake of the community.
Insurance businesses face increasing challenges

Insurance businesses face increasing challenges

VAN – "Vietnam's insurance industry has performed well as a "shock absorber" against unexpected risks and impacts caused by the Covid-19 pandemic," Vietnam Report assessed.
Which businesses are the most profitable?

Which businesses are the most profitable?

VCN - In the first six months of the year, despite being significantly affected by the Covid-19 pandemic, many businesses still recorded very positive business results and even made huge profits.
Virtual currency and exchange: Investing for profits but getting risk

Virtual currency and exchange: Investing for profits but getting risk

VCN- Searching on Google or Facebook with the keyword "forex" or "virtual currency" the searcher will receive hundreds of thousands of results, including thousands of offers to participate in investment, buying and selling.
Banks "sacrifice" profits for risk provisions

Banks "sacrifice" profits for risk provisions

VCN- Businesses and people still face many difficulties, increasing bad debts, causing banks to increase risk provisioning, which has a great impact on profit growth.
Abandoning Vinalines, setting up a new "route"

Abandoning Vinalines, setting up a new "route"

VCN- As a leading national enterprise in the maritime sector, VIMC holds capital in 19 subsidiaries and 16 associates.
Businesses looking forward to lower interest rates due to heavy debt burden

Businesses looking forward to lower interest rates due to heavy debt burden

VCN- According to Hoang Anh Gia Lai International Agriculture Joint Stock Company - HAGL Agrico’s consolidated financial statements of the second quarter, in six months, HAGL Agrico reached VND1,166 billion, up 49% over the same period.
No dividends: What are the banks’ intentions?

No dividends: What are the banks’ intentions?

VCN - In dividend season this year, many banks have passed a decision not to pay dividends to retain profits to serve business needs. For shareholders, these decisions do not bring much joy, though according to the banks, this is a "trade-off" for future
Pharmaceutical enterprises earn huge profits amid pandemic

Pharmaceutical enterprises earn huge profits amid pandemic

VCN- DHG Pharma's profit plan of VND 720 billion in 2020 which is almost flat compared to 2019. Thus, by the end of the first quarter of 2020, the company reached 27% of the profit target for the year.
Reduce profits of garment and textile enterprises

Reduce profits of garment and textile enterprises

​VCN - Despite a series of optimistic forecasts about growth opportunities of the textile industry made earlier this year,
Securities companies struggle to make profits in unfavorable market

Securities companies struggle to make profits in unfavorable market

VCN- Although in the leading position on both Hanoi and Ho Chi Minh City’s stock exchange, revenue of SSI Securities Company still decreased by VND 22 billion in the third quarter of 2019 over the same period last year, reaching nearly VND 839 billion.
Banks report higher profits

Banks report higher profits

Banks are reporting better profits for the third quarter this year, with Vietcombank leading the way despite the predicted slowdown in credit growth.
Situation of 12 major shelved projects: DAP No. 1 - Hai Phong is confident to step out from list of loss-making projects

Situation of 12 major shelved projects: DAP No. 1 - Hai Phong is confident to step out from list of loss-making projects

VCN - From a big loss of hundreds of billions VND, DAP No. 1 – Hai Phong fertiliser plant project has gradually escaped losses and made profits.
Banks announce impressive profits in first half of 2019

Banks announce impressive profits in first half of 2019

Domestic banks have unveiled positive business performance results in the first half of this year, with some new records being set.
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