Economic growth

Therefore, local administrations will accompany with startup companies and individuals that have creative ideas. Local administrations will give consultations and finance potential startup companies. More meetings will be organized to exchange opinions between the provincial administrations and enterprises which are hoped to promote startup movement in Di An Town of Binh Duong Province. … [Read more...] about Additional US$1 million funding established to aid startups in Binh Duong

The project will provide support for SMEs and help those converted from business households play a part in sectorial links and supply chains. It aims to accelerate public administrative reforms and delivery of level 3 and level 4 public administrative services to improve the city’s provincial competitiveness index (PCI), and to achieve an average annual growth of 10 percent and record about 30,000 newly-established enterprises annually. … [Read more...] about Hanoi targets growth of SMEs, jobs for women

It also plans to set up a supermarket chain, Hoa Sen Home, to sell building materials and furniture, and have 1,200 of them around the country in the next three-five years, when it targets $3 billion in revenues and VND3 trillion ($130 million) in profits. … [Read more...] about Steel giant targets 30 pct growth in profits

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

Khanh also advised professional investors to invest in banking stocks at the moment given good bank indicators, such as Price to Earning Ratio (P/E) and Price to Book Ratio (P/B). Investors can consider some banks with low valuations and good asset quality, as well as banking stocks with future growth. In particular, they need to focus on banks that prioritize asset quality control rather than short-term profit growth. … [Read more...] about Banking stocks spearhead market rebound