Despite investor fears, the stock market has seen an increase of approximately 1.1 percentage points in the VN Index in May. Although, it is the influx of short-term capital that has been driving the markets during this subdued phase.
At a time when most businesses are facing serious losses, with some even in dire situations and having to sell off much of their assets, banks continue to announce profits of thousands of billion dongs.
The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.
Following articles released to social media that farmers in the northern and central regions throw away vegetables because vegetable prices plunge drastically, in his yesterday report, head of the Department of Plant Protection Nguyen Hong Son wrote vegetable farmers earned a profit of VND300 million($13,171) per hectare
Saigon-Hanoi Joint Stock Commercial Bank (SHB) has just announced its business result in the first nine months this year, profiting over VND 1,3trillion, an increase of 68.78 percent compared over last year.