External factors torment investors in Vietnam

The business results of listed companies in the first nine months of the year were fairly positive. But the unpredictability of the negotiations related to the US-China trade still exists.

According to FiinPro Platform, as of November 1, 2019, 832 companies listing shares on three bourses, which account for 95 percent of the capitalization value of the total market had released Q3 finance report.

External factors torment investors in Vietnam

Of these, 85 percent of businesses (706) reported profit and 15.1 percent of businesses (126) had obtained profit it planned to gain in 2019.

The 832 listed companies reported total net profit of VND73.6 trillion, an increase of 22.8 percent over the same period last year. Of this, the banking sector alone earned VND22.8 trillion, which amounted to 31 percent of total profit. If not counting the banking sector, the market growth rate would be 14.9 percent compared with Q3 2018.

The average ROE (return on equity) and ROA (return on assets) of enterprises in the last quarter were 14 percent and 2.7 percent, respectively, lower than the 14.9 percent and 4.26 percent of the same period last year.

The business results of listed companies in the first nine months of the year were fairly positive. But the unpredictability of the negotiations related to the US-China trade still exists.

Telecom, insurance and banking are business fields which saw the highest net profit growth rate, by 355.4 percent, 49.3 percent and 45 percent, respectively. Meanwhile, media, chemicals, oil and gas saw the sharpest decreases in profit, by 97.3 percent, 35 percent and 28.5 percent, respectively.

 


The banking sector leads the market. In Q3 2019, it earned VND22.8 trillion, up by 45 percent.

Vietcombank (VCB) alone earned VND5 trillion, an increase of 72 percent, followed by Techcombank and Vietinbank, which earned VND2.6 trillion and VND2.5 trillion, respectively.

With the results, the profit growth rate of the banking sector soared from a low of 11.8 percent in Q4 2018 to 45 percent in Q3 2019.

The real estate sector had net profit of VND11 trillion in Q3 2019, an increase of 19.7 percent compared with the VND9 trillion of the same period last year, which made up 15 percent of total profit.

The telecom sector had growth rate 3.5 times higher than the last year. The profit mostly came from FOX (VND340 billion, which accounted for 81.3 percent of the sector’s total net profit. Meanwhile, VGI earned VND59 billion after taking loss in Q3 2018. However, the total net profit of the telecom sector only made up 0.6 percent of total profit of the market.

Since the beginning of November, VN Index has been fluctuating heavily, with trading sessions with big increases and decreases. After unexpectedly soaring to above 1,000 points, the VN Index later decreased sharply, coming closer to the 970 point threshold.

Thanh Lich 

VN stock market lackluster, investors take losses

VN stock market lackluster, investors take losses

Though the index has increased slightly, the stock market remains inactive as a lot of individual investors have incurred losses and many brokers have given up their jobs.

Proposal to merge Hanoi and Ho Chi Minh City stock exchanges on hold

Proposal to merge Hanoi and Ho Chi Minh City stock exchanges on hold

The proposal to merge Hanoi and Ho Chi Minh City stock exchanges has been put on hold for the immediate future, according to a government report.  

 
 

Other News

.
Vietnam's economic growth to recover from Q4: Economist
Vietnam's economic growth to recover from Q4: Economist
BUSINESSicon  11/10/2021 

The Vietnamese economy is likely to gradually recover from the fourth quarter of 2021 and escape the minus growth seen in the third quarter.

Vietnam to pilot Mobile Money service for two years
Vietnam to pilot Mobile Money service for two years
BUSINESSicon  11/10/2021 

Vietnam will pilot Mobile Money service across the country for two years before officially launching it, according to Deputy Governor of the State Bank Dao Minh Tu.

Rapid vaccination and targeted policies key to Vietnam’s endemic growth
Rapid vaccination and targeted policies key to Vietnam’s endemic growth
BUSINESSicon  11/10/2021 

As the world is transitioning from pandemic to endemic, Vietnam needs to ensure its vaccination progress and greater adeptness at targeting control measures and support policies to follow suit.

Venture capital in Vietnam may surpass US$1 billion in 2021
Venture capital in Vietnam may surpass US$1 billion in 2021
BUSINESSicon  11/10/2021 

Venture capital in Vietnam will reach $600 million and may surpass $1 billion in 2021. The country is expected be an attractive destination for venture capital funds in the following years.

Vietnamese currency forecast to strengthen against US dollar in 2021
Vietnamese currency forecast to strengthen against US dollar in 2021
BUSINESSicon  11/10/2021 

Since July 2021, the Vietnamese dong has strengthened by 1.3 per cent against the US dollar and the unit has averaged VND23,930 per US dollar in the year-to-October.

Foreign businesses continue to see Vietnam as a good investment location
Foreign businesses continue to see Vietnam as a good investment location
BUSINESSicon  11/10/2021 

While a number of foreign companies have moved part of their production or orders to other countries, many said they still see Viet Nam as a good...

Will Mobile World open new TopZone chain abroad?
Will Mobile World open new TopZone chain abroad?
BUSINESSicon  11/10/2021 

The Gioi Di Dong (Mobile World) has revealed the opening of a new chain named TopZone, with many indications that it will be their second retail chain abroad.

Domestic petrol prices to reach new highs on global market rally
Domestic petrol prices to reach new highs on global market rally
BUSINESSicon  10/10/2021 

Retail petrol prices in Vietnam are likely to reach new highs when the Ministry of Finance and the Ministry of Industry and Trade announce their price adjustments on October 11.

Media, businesses together overcome impact of Covid-19 pandemic
Media, businesses together overcome impact of Covid-19 pandemic
BUSINESSicon  10/10/2021 

The online forum "The press accompanies businesses to restore production and business, overcome the impact of the pandemic" to mark Vietnam Entrepreneurs' Day on October 13.

Efforts made to protect interests of Vietnamese products in EU market
Efforts made to protect interests of Vietnamese products in EU market
BUSINESSicon  10/10/2021 

Vietnam has taken various measures in a bid to protect the interest of Vietnamese products and exporters in the EU markets, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade (MoIT).

Local property market expects strong rebound
Local property market expects strong rebound
BUSINESSicon  09/10/2021 

The country’s real estate market has seen positive signs for recovery following the economic reopening, experts said.

'Nike leaves Vietnam': phony news and warnings
'Nike leaves Vietnam': phony news and warnings
FEATUREicon  10/10/2021 

"Nike is leaving Vietnam" has been confirmed as misinformation. Nike does not own any factories in Vietnam, but only hires partners in Vietnam to process its products.

Nine ministries want to return VND8 trillion of public capital
Nine ministries want to return VND8 trillion of public capital
BUSINESSicon  10/10/2021 

Nine ministries have told the Ministry of Finance they want to return a total of VND 8,054 billion of foreign loans that they could not disburse.

Vietnam works towards responsible, sustainable fishery sector
Vietnam works towards responsible, sustainable fishery sector
BUSINESSicon  09/10/2021 

Vietnam’s fishermen, businesses and government have joined hands in implementing fishing regulations, in a bid to have the European Commission (EC)’s illegal, unreported and unregulated (IUU) fishing “yellow card” removed. ​

Resumption of flights to Hanoi, no concentrated quarantine for people with negative Covid tests proposed
Resumption of flights to Hanoi, no concentrated quarantine for people with negative Covid tests proposed
FEATUREicon  09/10/2021 

The Vietnam Aviation Business Association (VABA) has cities and provinces to resume flights to their localities, especially flights to/from Noi Bai, Da Nang and Tan Son Nhat, on October 10.

Which bailout package for the economy will be passed?
Which bailout package for the economy will be passed?
FEATUREicon  09/10/2021 

Minister of Planning and Investment Nguyen Chi Dung has been assigned a difficult task – drafting a program on recovering and developing the economy in association with improving economic autonomy in 2022-2023.

Wind and solar power: race to exploit endless resources
Wind and solar power: race to exploit endless resources
FEATUREicon  08/10/2021 

In the Draft Power Development Planning 8, one of the power source scenarios with the highest scores is the development of power sources associated with renewable energy under Resolution 55 of the Politburo.

Vietnamese giants acquire foreign corporations
Vietnamese giants acquire foreign corporations
FEATUREicon  11/10/2021 

In 2020, Masan took over the tungsten division of H.C. Starck Tungsten, the world’s leading manufacturer with thermal resistance technology, as part of its plan to become a leading high-tech industrial material manufacturer.

Military Bank named among ‘Best Companies to Work for in Asia 2021’
Military Bank named among ‘Best Companies to Work for in Asia 2021’
BUSINESSicon  08/10/2021 

The Military Commercial Joint Stock Bank (MB) on October 8 received the "Best Companies to Work for in Asia 2021" award by HR Asia, a leading HR magazine in Asia.

Vietnam’s steel group in the world’s top 15 for market capitalization
Vietnam’s steel group in the world’s top 15 for market capitalization
BUSINESSicon  08/10/2021 

Hoa Phat Stee Group of billionaire Tran Dinh Long has entered the world's top 15 corporations in terms of market capitalization.

 
 
 
Leave your comment on an article

OR QUICK LOGIN