Blue chips were the main drag when all of the top 30 largest shares by market value and liquidity (VN30) plummeted, of which eight hit the floor price of a 7-per-cent drop. All of them were banks and financial companies including BIDV (BID), Vietinbank (CTG), Military Bank (MBB), VPBank (VPB), Sacombank (STB), Ho Chi Minh Development Bank (HDB), Saigon Securities Inc (SSI) and Hoang Huy Investment Financial Services (TCH). … [Read more...] about VN-Index suffers big loss, liquidity exceeds $1 bln
Quarters in stock market
Reshuffle underway to further stimulate revival of economy
Under the World Bank’s calculations, Vietnam’s main instrument for macro-monitoring has been the speedier implementation of the public investment programme, which has been plagued by slow disbursement in the last few years. As a result, total public investment disbursement increased from VND192 trillion ($8.34 billion) in the first three quarters of 2019 to VND269 trillion ($11.7 billion) during the same period in 2020 – an increase of 40 per cent. … [Read more...] about Reshuffle underway to further stimulate revival of economy
Binh Son Refining and Petrochemical JSC reports Q3 profits
Hanoi (VNA) - Vietnam’s largest refining and petrochemical firm, Binh Son Refining and Petrochemical JSC (BSR), has estimated that its third-quarter profits stood at more than 171 billion VND (7.37 million USD). It sold more than 925,000 tonnes of products, exceeding the quarterly plan by 24.8 percent, posted total revenue of over 9 trillion VND, and contributed more than 972 billion VND to the State budget. The numbers reflect the significant efforts BSR has made amid many difficulties caused by COVID-19, which has impacted the firm in terms of both material supply and product consumption. It reported total revenue of more than 31.7 trillion VND in the first half of this year, down 38 percent against last year. A loss of 4.25 trillion VND was incurred in the first half after it enjoyed a post-tax profit of 704 billion VND in the same period of 2019. BSR reported revenue of more than 13.7 trillion VND in the second quarter alone, down by more than half compared to last … [Read more...] about Binh Son Refining and Petrochemical JSC reports Q3 profits
