Hanoi (VNA) - Vietnam’s largest refining and petrochemical firm, Binh Son Refining and Petrochemical JSC (BSR), has estimated that its third-quarter profits stood at more than 171 billion VND (7.37 million USD). It sold more than 925,000 tonnes of products, exceeding the quarterly plan by 24.8 percent, posted total revenue of over 9 trillion VND, and contributed more than 972 billion VND to the State budget. The numbers reflect the significant efforts BSR has made amid many difficulties caused by COVID-19, which has impacted the firm in terms of both material supply and product consumption. It reported total revenue of more than 31.7 trillion VND in the first half of this year, down 38 percent against last year. A loss of 4.25 trillion VND was incurred in the first half after it enjoyed a post-tax profit of 704 billion VND in the same period of 2019. BSR reported revenue of more than 13.7 trillion VND in the second quarter alone, down by more than half compared to last … [Read more...] about Binh Son Refining and Petrochemical JSC reports Q3 profits
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Vietnamese stocks to struggle with increased caution
The fund will reduce its ownership at residential property firm Vinhomes (VHM), aviation firm Vietjet (VJC), consumer staples firm Masan (MSN), PetroVietnam Power (POW), sugar company Thanh Thanh Cong-Bien Hoa JSC (SBT), and electrical firm Gelex (GEX). … [Read more...] about Vietnamese stocks to struggle with increased caution
Stock market plummets, $10 billion lost
New entity to invigorate Vietnam’s stock markets With general optimism well-founded for Vietnam’s stock market building in the past year, there is now significant anticipation for 2021 with the arrival of a new entity to run the country’s exchanges. … [Read more...] about Stock market plummets, $10 billion lost
Foreign-invested enterprises hopeful about plans to list shares on bourse
The Ministry of Finance (MOF), suggesting solutions to help the stock market overcome the Covid-19 crisis, has once again proposed allowing foreign invested enterprises (FIEs) to list on the bourse. However, ministries have been warned that excessive caution may do more harm than good. … [Read more...] about Foreign-invested enterprises hopeful about plans to list shares on bourse
