The general picture of business results showed that the headwind of global economic recession has significantly affected the Vietnamese macro situation and the business environment.
A majority of credit institutions (CIs) are optimistic about their business performance in Q3 2022, the State Bank of Viet Nam (SBV)’s latest survey on business trends of credit institutions showed.
Multiple banks recorded prosperous business results in the first nine months of 2021 despite the negative impacts caused by the COVID-19 pandemic, with some even so exceeded business targets for the whole year.
Listed steel companies have reported disappointing business results in the first quarter despite strong growth in the domestic market, which they have attributed to the high cost of capital.
Good first-quarter performances have helped the 21 biggest securities companies post higher half-year earnings in 2018 despite the decline of the stock market in the past quarter.
Viet Nam National Oil and Gas Group reported better-than-expected business results in the first quarter but is expecting more challenges towards the end of the year.
Viet Nam’s stock market has 23 companies valued at over US$1 billion and most of them have reported higher business results in the first half of this year.
Binh Son Refining and Petrochemical Company Limited (BSR) reported satisfactory business results in the first half of this year after the company enjoyed the self-regulated pricing mechanism for its products.
Commercial banks have performed well in the first half of 2017 (H1), and business results show that many have already met more than half their annual profit targets.
Sai Gon – Ha Noi Bank enjoyed a largely positive set of results for the third quarter, with improvements seen across the board since it merged with Habubank in 2012.