In the third quarter, MBB reported an increase of 6.1 per cent year-on-year to more than VNĐ6,735 trillion in revenue. The bank’s profit after tax rose 8.3 per cent to VNĐ2.357 trillion. In the first nine months of last year, the profit after tax climbed 6.4 per cent year-on-year to nearly VNĐ6.332 trillion. VNS … [Read more...] about Bảo Minh Insurance plans to divest from MBB
5 year plan or 5 year plan
Many expectations for Vietnamese steel industry
Impressive profits According to the business result of Vietnam Steel Corporation (VNSteel), the company exceeded its plan last year, with some main targets even posting slight growth compared to the previous year. Specifically, the company achieved a net revenue of more than VND78.17 trillion last year. Of which, the parent company got VND2.48 trillion, equal to 163.8 percent of the plan for 2020. Pre-tax profit reached VND891 billion. Total consolidated revenue hit VND30 trillion, achieving 100 percent of the plan, and pre-tax consolidated profit touched VND260 billion. This year, the company plans to produce more than 2.5 million tons of steel billets, up 6.5 percent compared to last year. Similarly, Hoa Phat Group is the leading enterprise in the construction steel segment, increasing its market share from 26.2 percent in 2019 to 32.5 percent in 2020. In the steel pipe segment, the two largest enterprises - Hoa Phat and Hoa Sen - raised their market shares from 31.5 percent to … [Read more...] about Many expectations for Vietnamese steel industry
Creative touch preferred as industry moves out
For Hà Nội, in particular, and Việt Nam in general, many experts said converting old factories into creative hubs is still a new thing despite the fact that there have been a number of places successfully converted such as the old printing factory of the Nhân Dân newspaper in Tràng Tiền Street turned into the L'Espace, a French cultural centre; a workshop of the old central Pharmaceutical Factory 2 in Trần Thánh Tông Street becoming Complex Zone 9 and another old factory site turned into Complex 01 in Tây Sơn Street. … [Read more...] about Creative touch preferred as industry moves out
Banking stocks spearhead market rebound
Increased trading volume and value of banking stocks was attributed to banks’ good financial foundation and sustainable income. According to a FiinGroup report, net interest income of listed banks in the second quarter of the year dropped by 7.5 percent compared to the previous quarter as they implemented many financial support measures for customers as well as financial aid packages for those affected by the pandemic. In particular, many banks promoted non-interest activities including fees and services and other activities. As a result, net profit from service activities of listed banks increased by 9.6 percent compared to the same period last year, creating an important growth engine for banks. … [Read more...] about Banking stocks spearhead market rebound
Founder of Got It wants to teach coding to Vietnamese children
With technology, talented teachers can interact with students from many different areas. And once applying the OMO (Online – Merge – Offline) model, a talented teacher can teach online from anywhere, while students from anywhere can learn with talented teachers. Many famous scientists have been invited to the teaching sessions, including Dr Jeremy Frank from NASA. … [Read more...] about Founder of Got It wants to teach coding to Vietnamese children