Profit to earnings ratio

Vinaconex Water Supply Jsc (Viwasupco) reported revenues of almost VND264 billion ($11.43 million) and a gross profit of VND151 billion ($6.51 million) in the first half of this year, a 57 percent gross profit margin. It has seen steady growth since 2012 with demand for water rising as the Hanoi population surges with urbanization. Over the next six years its pretax profits almost quadrupled.   Revenues from supplying tap water last year were worth VND469 billion ($20.31 million), while pretax profits were over VND230 billion ($9.96 million). With an equity of almost VND1 trillion ($43.31 million), the company has a return on equity ratio of 24 percent, among the highest of any listed company. The figures are also far superior to any other water supplier’s in. The company’s gross profit margin of 57.2 percent is higher than that of Ho Chi Minh City’s three water suppliers of 31-37 percent. Viwasupco supplies water to the southwestern part of Hanoi comprising … [Read more...] about Hanoi water supplier’s soaring profits

Property Apartment supplies to drop by 25% The Saigon Times Daily Saturday,  Dec 14, 2019,14:55 (GMT+7) Apartment supplies to drop by 25%The Saigon Times Daily A new residential area in HCMC’s District 2. Apartment supplies in HCMC and Hanoi are estimated to fall this year - PHOTO: VNA HCMC – The number of apartments eligible for sale in HCMC and Hanoi is estimated to fall 25% this year, reaching 43,000 units, according to a report by property platform batdongsan.com.vn. At the Vietnam Real Estate Summit 2019 (VRES 2019), held on December 12, Nguyen Quoc Anh, deputy general director of Batdongsan.com.vn, said the property market will face multiple challenges next year due to tighter control being applied to new projects and the increase in risk coeficient for real estate loans. The demand for real estate products remains high, but the market has witnessed a decline since the previous quarter, Anh added. In … [Read more...] about Apartment supplies to drop by 25%

Nguyễn Thị Oanh crossed the finish line and lay down on the ground, exhausted. Tiny Oanh stands tall for Việt Nam at SEA Games Minutes later, she took the national flag from her coach to celebrate her 3,000m steeplechase victory and burst into tears. Oanh didn't realise she had just become Việt Nam's top track-and-field athlete at the 30th Southeast Asian Games in the Philippines. Oanh secured a hat-trick of individual titles in the women’s 1,500m, 5,000m and 3,000m steeplechase, with a Games’ record in the last event. “I's so exciting to enjoy the feeling of winning. There is nothing that makes me happier than seeing the national flag flying at the victory ceremony,” said Oanh. Việt Nam came to the Games to defend their top position in athletics from the previous tournament two years ago in Malaysia. National champion Oanh, who won golds in the 1,500m and 5,000m in Kuala Lumpur, was the top medal hopes. She was asked to … [Read more...] about Tiny Oanh stands tall for Việt Nam at SEA Games

It was followed by the industry and construction sector, up VND211-555 trillion ($9.09-23.91 billion) a year. The agriculture, forestry, and fisheries sector rose VND25-46 trillion ($1.08-1.98 billion) per year. After revising its GDP methodology to match international standards, the agriculture, forestry and fisher sector’s GDP contribution decreased from 17.4 percent to 14.7 percent, according to the General Statistics Office (GSO). The industry and construction sectors grew from 33 percent to 34 percent of GDP, while the service grew from 39.2 percent to 41.2 percent. With the revised methodology, Vietnam formally raised its GDP by an average 25.4 percent for the 2010-2017 period. The figure was recalculated by the General Statistics Office (GSO) in August, but formalization was delayed to give the government more time to assess its impacts. 2017’s GDP has been raised to VND6.3 quadrillion ($271.29 billion) from VND5 quadrillion ($215.71 billion), up 25.7 percent. … [Read more...] about Service sector sees biggest increase after GDP recalculation

Vietnam’s U23 football team and head coach Park Hang-seo arrive at the Gimhae International Airport on December 14. (Photo: Newsis) Seoul (VNA) – Vietnam’s U23 football team and head coach Park Hang-seo arrived at the Gimhae International Airport on December 14, beginning a ten-day training session in preparation for the AFC U23 Championship in January 2020. The squad for the AFC U23 Championship in January 2020 announced by coach Park Hang-seo on December 12 comprise three goalkeepers, 10 defenders, 11 midfielders and four strikers. They include most of the SEA Games winners except for midfielders Do Hung Dung and Nguyen Trong Hoang, who are over the age limit and defender Doan Van Hau who has returned to his Dutch club SC Heerenveen. Park also recalled midfielders Tran Dinh Trong and Nguyen Trong Dai, who missed key tournaments due to injury, among other players. The team will have two friendly matches with Korean squads during this training session. They … [Read more...] about U23 team get training in RoK for AFC U23 Championship