Other companies such as PetroViệt Nam Power Corporation (PV Power), real estate firm Novaland, Sài Gòn-Hà Nội Joint Stock Commercial Bank (SHB), brewer Sabeco and Vingroup JSC reported post-tax profits ranged from VNĐ1 trillion to VNĐ1.93 trillion. … [Read more...] about ‘One-trillion-đồng profit club’ led by Vinhomes JSC
Endorsements real estate
Sao Mai Group reports outstanding business performance in Q2
As a multisector firm, Sao Mai has achieved significant growth in the aquaculture, tourism, solar power and real estate sectors. It has recently started work on the Sao Mai Tay Cai Dau new urban area project, which requires over VND1.2 trillion in investment and 62 hectares of land. … [Read more...] about Sao Mai Group reports outstanding business performance in Q2
‘One-trillion-dong profit club’ led by Vinhomes JSC
Hanoi (VNS/VNA) - Twenty-five companies have entered the “one-trillion-dong profit club” for January-June, despite the economy being ravaged by the COVID-19 pandemic. Leading the chart is residential real estate firm Vinhomes JSC – a member of conglomerate Vingroup JSC. Vinhomes in the first six months recorded 11.45 trillion VND (490.2 million USD) of post-tax profit, up slightly from last year’s figure, though post-tax profit in the second quarter dropped 55 percent year-on-year to 3.8 trillion VND. The real estate company attributed the growth of post-tax profit in January-June to successful sales of real estate projects, especially in the first quarter when coronavirus hardly had any impact on the Vietnamese economy. The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) ranked second with a six-month post-tax profit of nearly 8.8 trillion VND. The figure was down 3 percent year-on-year. Five companies which had … [Read more...] about ‘One-trillion-dong profit club’ led by Vinhomes JSC
Vietnam – one of the best long-term growth stories in Asia
Vietnam will divest 120 SOEs this year. Photo: Sabeco MSCI and FTSE upgrade to Emerging Market status In order for a market to be upgraded to emerging market (EM) status, it must meet various quantitative and qualitative criteria. Vietnam meets the quantitative criteria, such as the presence of large stocks, trading volumes, and the size of the market. The reason why Vietnam has not been upgraded yet, however, is due to qualitative factors. … [Read more...] about Vietnam – one of the best long-term growth stories in Asia
Going smarter and more sustainable: value proposition for urban development
With these two trends, people are always afraid of the unpredictable effects of climate change and challenges like natural resources running out. Recent statistics showed that urban areas account for about two-thirds of energy consumption and 70 per cent of emissions which cause global warming and climate change. This is the premise for the "smart city" concept to come to life. … [Read more...] about Going smarter and more sustainable: value proposition for urban development
