Double digit addition games

Amid the Covid-19 pandemic, after 20 years of trading goods in traditional way, shopkeepers and petty merchants have begun to sell products online. Dung, the owner of a grocery in Thanh Cong Market in Hanoi, said: “Buyers now just stay at home and place orders with their smartphones to get products at their home." Dung shifted to a new online sale method one year ago. Online petty merchants are informed about orders via app and prepare the goods before delivery people come and take them away. Online payment is used for many orders. Thuy, a petty merchant in Hoang Mai district in Hanoi, said at first she hesitated to sell goods online. “I felt worried because I had to deliver goods before getting payment,” she explained. However, Thuy said she has no other choice. If she doesn’t accept this, she will lose customers. At present, online sales just account for 30 percent of total revenue, but she believes the figure will be higher in the future. Tam, the owner of a store in Linh Dam new urban area in Hanoi, who introduced herself as an "older woman who hesitated to use a smartphone" has also made a decision on renovating her business and now uses high technology in store management. Now Tam can place orders for products via apps with her smartphone directly with manufacturers. “Products go directly from producers to retail points, thus ensuring the best quality of products,” she said. Dung, Thuy and Tam are among the owners of 1.4 million groceries and 9,000 traditional markets with total revenue of $10 billion a year in Vietnam, accounting for 75 percent of market share, according to Nielsen. “Traditional markets and groceries are facing stiff competition,” Dung said. “The business has been going downhill. People don’t go to traditional markets now." Instead of going to markets, customers now order products online and get deliveries at home. Changing the way of thinking Nguyen Thai Hai Van, CEO of Grab Vietnam, said that Covid-19 has …

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Masan Group achieved higher earnings in 2020 despite the global health crisis Reporting its management accounts for the fourth quarter and 2020 as a whole, Masan Group achieved the targets set in its AGM, with net revenues of VND77 trillion ($3.34 billion) for the full year, within the range of VND75-85 trillion ($3.25-$3.69 billion) set, and net profit after tax post minority interest of VND1.23 trillion ($53.42 million), also within the VND1-3 trillion ($43.3-$130.29 million) goal. The CrownX – which consolidates Masan’s interest in Vincommerce (VCM) and Masan Consumer Holdings (MCH) – the second-largest consumer business in Vietnam by revenue, delivered a net revenue of VND54.27 billion ($2.5 billion) delivered in the 2020 financial year, up 18.1 per cent on-year and increasing earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin by 280 basis points to 8.3 per cent. VCM delivered a positive EBITDA of VND16 billion ($695,000) in the fourth quarter, marking completion of the first phase of its digital transformation. Meanwhile, MCH achieved the strategic milestone of $1 billion (VND23.97 trillion) in net revenues for the year, along with net revenue growth of 27.2 per cent and EBITDA growth of 22.4 per cent on-year. Masan MEATLife (MML) accelerated its vision to become a branded fast-moving consumer goods (FMCG) platform as its integrated meat business delivered a net revenue of $100 million (VND2.37 trillion), contributing to consolidated net revenue quintupling on-year from 3 to 15 per cent for  the year. Techcombank, meanwhile, delivered net profits after tax growth of 23.0 per cent, underpinned by its consumer-centric financial services strategy. The current and savings account ratio now represents about half of its funding base. Meanwhile, Masan High-Tech Materials (MHT) solidified its strategy to become a global high-tech industrial materials platform with the acquisition of H.C. Starck, which was validated by …

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The session started off with a 11-point rise in the first 21 minutes of trading and remained in the green throughout the day before closing with a 17.7-point gain, the first double-digit point increase recorded in the last seven sessions. Trading volume on the Ho Chi Minh City Stock Exchange (HoSE), on which the index is based, rose 7.7 percent to VND16.02 trillion ($693.4 million), highest in the last 10 sessions. The bourse saw 358 stocks gain and 85 lose. VN-Index now needs another 0.67-percent gain to reach the 1,194-point peak it reached on January 15 before falling to the 1,020 range. The VN30 basket, comprising the 30 largest capped stocks on the HoSE, saw 27 tickers gain, leading with SBT of sugar producer Thanh Thanh Cong – Bien Hoa Jsc, up 5.5 percent. This is the first gain of the ticker after six consecutive losing sessions. It was followed by SSI of leading brokerage SSI Securities Corporation, up 5.4 percent, and BVH of insurance company Bao Viet Holdings, up 4.6 percent. Two real estate companies were in the top 10 blue chip gainers, with TCH of Hoang Huy Investment Financial Services Jsc up 3.7 percent and VRE of retail real estate arm Vincom Retail up 3.2 percent. All banking blue chip were in the green, led by STB of Ho Chi Minh City-based lender Sacombank, up 4.1 percent, HDB of HDBank, up 2.6 percent, and MBB of Military Bank, up 2.5 percent to the new all-time high of VND28,350. Bucking the trend, three tickers ended in the red, led by VIC of biggest conglomerate Vingroup, down 0.5 precent, followed by PNJ of Phu Nhuan Jewelry, down 0.2 percent and MWG of electronics retail chain Mobile World, down 0.1 percent. Foreign investors remained net sellers for the seventh session in a row to the tune of VND209 billion, with strongest pressures on TCB of largest private lender Techcombank, HPG of steelmaker Hoa Phat Group and CTG of state-owned lender VietinBank. The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid …

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