Banking stocks

Vincom Pham Ngoc Thach in Ha Noi. Vincom Retail (VRE) and Vincom (VIC) rose 3 per cent and 1.1 per cent, respectively, yesterday. — VNS Photo Mai Huong The VN-Index edged up slightly on Thursday despite two-thirds of shares dipping in the red, driven by the growth of heavyweight shares. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index inched up 0.15 per cent to close the day at 1,077.59 points. The northern bourse’s index decreased more than 3 per cent on Wednesday. Two-thirds of shares on the HoSE lost value, mainly small- and mid-cap shares. From the perspective of industry groups, most of the groups underperformed, except for retail (up 4.2 per cent on average) and banking (0.6 per cent). Data on vietstock.vn showed 18 out of 25 stock groups recorded losses, led by seafood processing companies (down 2.3 per cent on average), agriculture, logistics, machinery, construction and household appliances with each decreasing more than 1 per cent. Blue chips were mixed. … [Read more...] about Heavyweight shares help stop market from a fall

Le Thi Bich Phuong, newly appointed acting general director of ABBANK. — Photo courtesy of the bank An Binh Commercial Joint Stock Bank has named Le Thi Bich Phuong acting general director from January 30 in place of Nguyen Manh Quan, who stepped down for personal reasons. But Quan remains permanent deputy general director. Phuong, 46, deputy general director since December last year, has a bachelor’s degrees in economics from the Vietnam National University - Ha Noi and in English language from the Hanoi Foreign Language University. She has worked for 19 years in banking and finance sector, has extensive experience in retail and distribution channel development, and has held several managerial positions at Techcombank such as regional director in Ha Noi, sales and distribution manager in the south, head of personal banking and financial services, and executive board member during its transformation period in 2016-20. — VNS … [Read more...] about ABBANK appoints new acting general director

A construction site of Phat Dat Real Estate Development Joint Stock Company (PDR). PDR reported net revenue of VND14.6 billion (US$622,600) in the last 3 months of 2022. — VNA/VNS Photo A volatile real estate market caused revenues and profits of realty businesses to decrease sharply in the fourth quarter of 2022. Phat Dat Real Estate Development Joint Stock Company (PDR) reported net revenue of VND14.6 billion (US$622,600) in the last three months of 2022, a sharp decrease compared to the VND1.29 trillion recorded in the fourth quarter of 2021. The company suffered an after-tax loss of VND229.4 billion in Q4 of 2022, while in the same period in 2021, it reported a net profit of VND751.4 billion. This was considered Phat Dat's "failure" quarter as the company reported a loss for the first time since it announced business results. Dat Xanh Group Joint Stock Company (DXG) reported a loss of VND460 billion in the last quarter of 2022. During the period, the company's net revenue … [Read more...] about Volatile real estate market puts pressure on business results