Markets

In the first days of October, some banking stocks on the Ho Chi Minh Stock Exchange (HoSE) recorded increased trading volume and value, such as Sacombank (STB) with more than 23.2 million shares for over VND360 billion, VietinBank (CTG) with more than 13.3 million shares for nearly VND361 billion, and Military Bank (MBB) with more than 13 million shares for over VND261 billion. In general, banking stocks contributed 13 percent and 17.5 percent to trading volume and value on the HoSE, respectively. … [Read more...] about Banking stocks spearhead market rebound

Ville Skinnari, Minister for Development Cooperation and Foreign Trade of Finland, in a pre-recorded remark said that he expects that with the PIF, Vietnam will have additional public investment funding, while Finnish companies with years of experience, expertise and suitable technology solutions will have better access to the Vietnamese market. … [Read more...] about Finland to provide US$100 million for public investment projects in Vietnam

Impressive profits According to the business result of Vietnam Steel Corporation (VNSteel), the company exceeded its plan last year, with some main targets even posting slight growth compared to the previous year. Specifically, the company achieved a net revenue of more than VND78.17 trillion last year. Of which, the parent company got VND2.48 trillion, equal to 163.8 percent of the plan for 2020. Pre-tax profit reached VND891 billion. Total consolidated revenue hit VND30 trillion, achieving 100 percent of the plan, and pre-tax consolidated profit touched VND260 billion. This year, the company plans to produce more than 2.5 million tons of steel billets, up 6.5 percent compared to last year. Similarly, Hoa Phat Group is the leading enterprise in the construction steel segment, increasing its market share from 26.2 percent in 2019 to 32.5 percent in 2020. In the steel pipe segment, the two largest enterprises - Hoa Phat and Hoa Sen - raised their market shares from 31.5 percent to … [Read more...] about Many expectations for Vietnamese steel industry

To ensure sustainable development of enterprises, Hanoi has directed all departments and sectors to focus on synchronous implementation of solutions to overcome difficulties and resolve challenges for enterprises in their trade and production activities. The capital city has also promoted budget spending in order to implement support programs and policies and enhance knowledge and administration for businesses, as well as strengthen training of human resources for small- and medium-sized enterprises (SMEs) owned by women. … [Read more...] about Hanoi targets growth of SMEs, jobs for women

Greig suggested a second option for Vietnam: pumped storage at hydropower plants. The plants could use renewable energy to pump water up mountains and dams during low-demand periods and release it during peak periods to generate electricity, and this technique could be used to store power for a longer time, he said. … [Read more...] about Better infrastructure is way to absorb surge in renewable energy production: experts