HSC forecasts revenues and profits to rise The targets were announced at the company’s the 2019 Annual General Meeting of Shareholders held on Tuesday in HCM City.

Restructuring, bad debts prevent banks from paying dividends

At Sacombank’s annual general meeting held on June 5 its permanent vice chairman Phạm Văn Phong said that in 2019 the bank’s pre-tax profit increased by 43.2 per cent to VNĐ3.2 trillion (US$137.5 million), which was 21.4 per cent above the target.

Pig breeding firms report surge in profit Many large pig breeding firms in the country have reported a surge in profits in the first months of the year thanks to high prices due to a supply shortage.

Banks upbeat about charter capital hike in 2020 Banks, especially State-owned banks, are expected to increase their capital significantly this year as they are allowed to retain profits or pay dividend in shares instead of cash as previously.

Sacombank sets to achieve $110.6 million in pre-tax profit in 2020

Shareholders of Saigon Thương Tín Commercial Joint Stock Bank (Sacombank) approved the bank’s financial statements for last year, a number of targets for this year, profit distribution plans and other important proposals at its annual general meeting held online on June 5.

VPBank confident of beating 2020 profit target Pre-tax profit was estimated to reach VNĐ5.1 trillion in May, equal to 50 per cent of the year’s plan

Johnson Electric reports results for the year ended 31 March 2020 Johnson Electric reports results for the year ended 31 March 2020

SSI increases charter capital to $259.3 million with bonus share issue

SSI Securities Corporation has increased its charter capital to over VNĐ6.029 trillion (US$259.3 million), 1,001 times the capital it had at the time of establishment.

SHB completes share issuance to raise charter capital to US$650.5 million Sài Gòn – Hà Nội Joint Stock Commercial Bank (SHB) has successfully issued more than 500 million shares, increasing its chartered capital to VNĐ17.5 trillion (US$750.5 million).

Commercial banks cut profit target amid COVID-19 pandemic

Many banks in Việt Nam have reduced their profit target for 2020, and plan to support companies severely impacted by the COVID-19 pandemic.