Vinhomes

Hanoi (VNS/VNA) - Conglomerate Vingroup JSC plans to earn 145 trillion VND (6.2 billion USD) in revenue this year, up 12 percent year-on-year. The information was released during the group’s annual general meeting of shareholders (AGMs) held on May 28 in Hanoi. Post-tax profit is expected to decrease 35 percent to reach 5 trillion VND. Due to the impact of the COVID-19 pandemic, Vingroup Chairman of the Board of Directors Pham Nhat Vuong said its tourism arm Vinpearl was most ravaged by the disease. “However, the group still seeks solutions to stimulate domestic demand for tourism, especially inbound because we could not offer services for foreign clients during the pandemic,” he said. “According to statistics, Vietnam greets 80 million domestic visitors and 18 million foreign visitors each year,” Vuong said. The Vingroup chairman said if the disease was controlled and people could not travel abroad, domestic tourism would be … [Read more...] about Vingroup forecast revenue up 12 percent

The other major losers were a mixed bag, with NVL of real estate developer Novaland dropping 1.1 percent, TCB of private Techcombank and CTD of construction giant Coteccons both shedding 1 percent, and BVH of insurance giant Bao Viet Group down 0.9 percent. … [Read more...] about VN-Index rises in weekend session as liquidity falls

The US fund is investing in some large-cap stocks such as property firms Vingroup (VIC), Vinhomes (VHM) and Vincom Retail (VRE), dairy firm Vinamilk (VNM), steelmaker Hoa Phat (HPG), Vietcombank (VCB), consumer goods producer Masan (MSN), aviation business Vietjet (VJC), brewer Sabeco (SAB), and PetroVietnam Gas (GAS). … [Read more...] about Market steadies amid ETF quarterly review