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.
Vietnam’s stock market in the first quarter of this year saw a breakthrough of the indexes with the VN-Index jumping by nearly 8 percent compared to the beginning of the year, making securities companies in the market in Q1 record huge profits compared to the same period last year.
According to the consolidated financial statement, the total revenue of Cho Lon Investment and Import - Export Corporation (Cholimex) topped VND443 billion (US$19.07 million) and its pre-tax profit neared VND142 billion ($6.11 million), exceeding 97 percent of its plan.
Saigon Mien Trung Beer (SMB) has just announced its shareholders have approved to move 29.846 million shares to the HCM City Stock Exchange (HOSE) from the Unlisted Public Company Market (UPCoM).
Development Investment Construction Joint Stock Corp (DIG)’s shareholders have approved its plan to issue 14.3 million shares in the second and third quarters of 2018.
Tourist agents earned revenue of over $3.6 million after 4-day tourism festival organized at the September 23 Park in Ho Chi Minh City’s district 1 from April 12-15.
Foods producer Kido Group (KDF) has just announced by the first nine months of 2017, its revenue is expected to reach VND 1,2trillion, an increase of 7.8 percent compared with last year.