The Hanoitimes - The Ministry of Planning and Investment remained optimistic about Vietnam’s GDP growth target of 6.6% - 6.8% for 2019, VnEconomy reported. Growing repidly, Vietnam's economy still remains behind regional peers Vietnams requires greater judicial effectiveness to earn market economy recognition: CIEM Vietnam to include informal economic sector into GDP calculation by 2020 Vietnam's GDP growth in 2018 hits 10-year high at 7.08% Vietnam’s Ministry of Planning and Investment (MPI) has revised down the GDP growth forecast for the first quarter (Q1) of 2019 to 6.58%, down from its previous projection of 6.76% in its most adverse scenario developed last November, according to the ministry's latest report. MPI's two scenarios of GDP growth in 2019. Source: MPI. The figure indicated a more cautious approach of the MPI in evaluating the economic outlook, factoring in the less-than-expected growth rate of some major economic indicators. … [Read more...] about Vietnam’s investment ministry revises down Q1 GDP growth forecast in first quarter to 6.58%
First quarter
BSC posts first quarterly loss since 2012
Inside a trading floor of BIDV Securities Corporation. The company reported a loss of VNĐ10 billion in the fourth quarter of 2018 - its first quarterly loss since December 2012. — Photo tinnhanhchungkhoan.vnViet Nam News HÀ NỘI — BIDV Securities Corporation (BSC) reported a loss of VNĐ10 billion (US$448,500) in the fourth quarter of 2018, marking its first quarterly loss in six years. The firm recorded a VNĐ26 billion loss in the fourth quarter of 2012. The company posted VNĐ159 billion in fourth-quarter revenue in 2018, down slightly from VNĐ165 billion in 2017. Its expenses rose 192 per cent year-on-year to VNĐ153.5 billion, of which fair value through the statement of profit or loss (FVTPL) increased 4.6 times year-on-year to VNĐ116.4 billion. In 2018, BSC increased its total revenue by 15.6 per cent year on year to VNĐ238.5 billion and raised total post-tax profit by 15 per cent to VNĐ193.5 billion. BSC … [Read more...] about BSC posts first quarterly loss since 2012
Vietnam’s IT firm VNG plans US$15.6-million share issuance in first quarter 2019
The Hanoitimes - Proceeds raised from the sales of treasury shares will be used as working capital to expand local and overseas markets. VNG posts pre-tax profit of US$50.3 million in 2017 Vietnam’s leading IT firm VNG sets valuation at US$1.6 billion Vietnam leading IT firm VNG posts pre-tax profit down 52% in Jan-Sep Vietnam’s IT leading firm VNG is planning to issue shares worth VND360 billion (US$15.6 million) through private placement in the first quarter of 2019, DealStreetAsia reported. Illustrative photo. Following the plan, the shares in subject would be issued to both domestic and foreign investors with a maximum of 360,000 treasury shares at the offering price of at least VND1 million (US$43.5) per share. The valuation would make VNG one of the unicorns (valued over US$1 billion) in Southeast Asia. Proceeds raised from the sales of treasury shares will be used as working capital to expand local and overseas markets and to … [Read more...] about Vietnam’s IT firm VNG plans US$15.6-million share issuance in first quarter 2019
Business activities will be better in 2019’s first quarter: firms
Automobike frame manufacturing in THACO factory in Chu Lai industrial park, Nui Thanh district, Quang Nam (Photo: VNA) Hanoi (VNA) – Most firms in the manufacturing and processing industry were optimistic about their production and business activities for the first quarter of 2019, according to a survey by the General Statistics Office (GSO). More than 47.3 percent of surveyed firms said that they anticipated better business compared to the last quarter of 2018, and 37.8 percent expected stable business. Only 14.9 percent forecast their business and operation would be more difficult. The inventory of the manufacturing and processing industry sits at 64.4 percent, the lowest rate in the past three years. Another survey of construction firms showed 59.6 percent predicted improved or stable business in the first quarter of 2019 while the rest expected more difficulties. According to the Vietnam Chamber of Commerce and Industry, Vietnamese firms were also optimistic about their … [Read more...] about Business activities will be better in 2019’s first quarter: firms
HCM City needs 90,000 labourers in2019’s first quarter
Illustrative image (Source: VNA) HCM City (VNA) - Around 90,000 workers are needed in HCM City for the first quarter of 2019 the year, with 26 percent of them being unskilled labourers, according to the HCM City Human Resources Forecast and Labour Market Information (Falmi) Centre. Most of new jobs are available in marketing, tourism service,restaurant, sales and mechanics, among others. Recruitment demand will increase in January and February as businesses need more employees for seasonal jobs during the calendar and lunar New Year holidays, mostly cashier, warehouse staff, gift-wrapping and processing worker at supermarkets, waiter and security personnel. Nguyen Trong Hoang from the HCM City Student Assistance Centre said as many as 100 units in the city have offered nearly 3,000 Tet jobs for students, up 20 percent year-on-year. Falmi said the recruitment demand in March will focus on skilled labour in the fields of manufacturing, food processing, garments and textiles, … [Read more...] about HCM City needs 90,000 labourers in2019’s first quarter