Despite Vietnamese companies’ total net profit growing 81% year-on-year in the first quarter, many still posted big losses.
Vietnam’s stock market is expected to continue to grow, helped by strong economic growth and increasing local liquidity. The positive outlook will attract foreign investors back to the market, according to HSBC.
IPOs (Initial Public Offering) or being listed on foreign markets not only helps Vietnamese companies attract investments, but also strengthens their positions and the country’s position in the world.
The State Treasury raised more than VND26.3 trillion (over US$1.14 billion) worth of Government bonds (G-bonds) via 16 auctions on the Hanoi Stock Exchange (HNX) in April.
Even though economic growth is expected to strongly recover this year as the pandemic has been contained, companies in many sectors have still lowered their profit targets.
VOV.VN - A seminar detailing the state of the market and wise investment choices in the year ahead was recently held in Ho Chi Minh City as a means of pointing out high-growth sectors that require greater investment in the stock market, including education, technology, freight forwarding, renewable energy, and healthcare.
VOV.VN - FLC Group, Vietnam’s multi-industrial conglomerate, is planning an initial public offering (IPO) of its airline, Bamboo Airways, in the United States that could raise about US$200 million, Reuters reported.
VOV.VN - Vingroup, Vietnam’s leading multisectoral conglomerate, is planning an initial public offering (IPO) of its car manufacturer VinFast in the United States that could raise about US$2 billion, Bloomberg reported.
VOV.VN - Several economic experts have recently raised concerns about risks being taken by miners when downloading the Pi Network app in order to mine Pi, a new form of digital currency which has yet to be licensed in Vietnam.
GE Renewable Energy has signed a contract with the Ocean Renewable Energy Joint Stock Company to supply 15 wind turbines to its Cau Dat Wind Farm, the first in the Central Highlands province of Lam Dong.