Profitable niche ideas

Inside a Tien Phong Plastic Joint Stock Company factory. (Photo courtesy of the company) Hanoi (VNS/VNA) - Many plastic enterprises reported increased gross profit in the second quarter of this year thanks to lower raw material prices. Binh Minh Plastics Company (BMP)’s revenue reached 1.56 trillion VND (66.7 million USD) in Q2, up 7% year-on-year. The company's profit after tax was 3.5 times higher than in the second quarter of 2021, mainly thanks to the significant improvement in gross profit margin from 12.9% to 25.1%. The business attributed the increase in profit to the decrease in the price of plastic raw materials and unchanged selling prices. Tien Phong Plastic JSC (NTP) also recorded positive business results in Q2. Specifically, revenue increased 38% to 1.72 trillion VND (73.6 million USD). Gross profit doubled to 504 billion VND. Profit margin was 29.3%, up sharply from 19.9% in the second quarter of 2021. However, financial expenses and selling expenses … [Read more...] about Plastic firms report profit rises in Q2

A worker checks products at a storage facility of Hoa Phat Group (HPG). The company's shares surged 2.4 per cent on Friday. — Photo hoaphat.com.vn Vietnamese shares finished the week higher, ending several days of sell-offs with a rebound fuelled by securities and steel stocks. On the Ho Chi Minh Stock Exchange, the VN-Index rose 0.82 per cent to close at 1,262.33 points. The VN-Index had lost 0.54 per cent in the last two days. More than 541.7 million shares worth VND13 trillion (US$555.7 million) were traded on the southern exchange. The market's breadth was positive with 273 stocks climbing, of which eight hit ceiling prices, while 166 declined. The VN30-Index, which tracks the 30 biggest stocks on HoSE, jumped 0.68 per cent, to 1,280.96 points. In the VN-30 index, gainers included Asia Commercial Bank (ACB), FPT Corporation (FPT), PetroVietnam Gas JSC (GAS), HDBank (HDB), Hoa Phat Group (HPG), Military Bank (MBB), Masan Group (MSN), Mobile World Group (MWG), … [Read more...] about Shares finish week higher on the back of steel, securities sectors

As of increasing passengers in July, 41 flights are cancelled due to technical factors and late flights. The on-time rate of flights was only 81 per cent out of the total of more than 33,200 flights. — Photo cafef.vn The number of air passengers reached nearly 12 million, an increase of more than 40 per cent in July compared to pre-COVID, said the Civil Aviation Administration of Viet Nam (CAAV). Along with a sharp increase in the number of passengers, flight cancellations and delays also increased rapidly, partly due to subjective errors from airlines, adding the local airports served, of which domestic passengers flew more than 10.5 million times, an increase of nearly 6 per cent compared to June. CAAV said flight delays and cancellations in the past month had increased dramatically many times, causing frustration in public and affecting the quality of aviation services. The matter was partly due to many bottlenecks in the airport infrastructure and unusual weather, said … [Read more...] about Air passengers reach record number, delays and cancellations increase

On a mid-July afternoon, summertime for children, at 146 Nguyen Dinh Chieu, students were lining up for a school bus preparing for a field trip. This is one of many activities included in the "Summer of Game Changers" program in 2022 organized by ILA. This seven-week course was designed by ILA to not only let students experience different summer activities, but also help them reignite their passion for learning and discovering, and build the foundation of an active leader, with other important aspects that will prepare them to become the guiding generation. "ILA’s education method is to encourage confidence and natural growth. That they’ve done well, and we encourage them to do even better. They have improved themselves, understood their core values, matured, eventually left school, and helped change the world," said Tran Xuan Dzu, CEO of ILA. Under Dzu’s leadership, ILA has set up more than 50 English centers across 13 cities in Vietnam, teaching over 1 million students to become … [Read more...] about ILA English center marks 25 years of persistence with education, youth nourishment

After planting soybeans for a long period of time, Mr. Dang Quang Chieu in Cu Jut district, Dak Nong province, has only seen real profits in the past three years. A business provided Chieu with new, high-yield and high-quality seeds that doubled his sales prices and very much improved his family’s income. Many farmers in the area, after moving away from growing soybeans due to low productivity, are now planting the crop again. This is attributed to the Vinasoy Soybean Research and Application Centre’s active research, selection, and testing of a non- GMO soybean variety from more than 1,530 precious genetic resources, which it provides to local farmers. The area for soybean growing in Vietnam has continually declined since 2010, from nearly 198,000 hectares to just over 37,000 hectares. If this situation continues, Vietnam will face a shortage of 3.5-5 million tons of soybean s a year, and will have to outlay 2-3 billion USD on imports. The main reason behind the … [Read more...] about Vietnam moves to lessen dependence on soybean material imports

An investor observing stock movements on a tablet. — Photo nld.com.vn Even though the Vietnamese derivatives market has been operating for five years, it has few products. Therefore, it is necessary to create new products to increase the market’s appeal, said experts. With the feature of being able to settle on actual trade date (T+0), allowing short sell and high leverage, products on the derivatives market will attract a large number of investors, especially when the stock market fluctuates negatively, according to Trinh Hoai Giang, general director of the Ho Chi Minh City Securities Corporation. This is because it creates great profit opportunities and helps investors hedge the risk of the common stocks. While the margin ratio of the derivatives market is still high compared to global markets, the market size and product scale are still limited, meaning big investors are not interested in participating. The majority participating in the derivatives market are still retail … [Read more...] about More derivative products needed: experts