Banks cautious about profit targets for 2023

Banks cautious about profit targets for 2023

Commercial banks will hold annual general meetings of shareholders (AGM) next quarter to map out production and business plans for 2023.
Demand falls, shipping lines face many challenges

Demand falls, shipping lines face many challenges

VCN - After exploding in 2021, the container shipping market entered a downward cycle in 2022 when demand went down, causing the freight rates to drop sharply. It is forecast that it will not be until the second half of 2023 that the situation will begin
Enterprises need leading firms for the production chain

Enterprises need leading firms for the production chain

VCN - The experience of many countries shows that large-scale enterprises are the leading enterprises that play an essential role in creating an ecosystem that leads the development of enterprises participating in the production chain.
Profits in the fourth quarter of 2022 of many banks “go backwards”

Profits in the fourth quarter of 2022 of many banks “go backwards”

VCN - The bank explained that income from the government bond business decreased in 2022 due to fluctuations in market interest rates.
Banks continuously reported profits up to billions of USD

Banks continuously reported profits up to billions of USD

VCN - Up to now, 26 banks have announced their business results and financial statements for 2022, of which six have achieved pre-tax profit of more than VND20,000 billion.
Profits has just reported increased, textile enterprises are worried about the lack of orders

Profits has just reported increased, textile enterprises are worried about the lack of orders

VCN - The financial reporting season of the third quarter of 2022 has recorded positive growth of many textile and garment enterprises.
Mr. Phan Duc Hieu, Standing Member of the Economic Committee of the National Assembly: Airport investment should not stop at "loss or profit"

Mr. Phan Duc Hieu, Standing Member of the Economic Committee of the National Assembly: Airport investment should not stop at "loss or profit"

VCN - According to Mr Phan Duc Hieu, the benefits of the airport not only stop at the economic efficiency of the airport, which is a loss or a profit, but also indirect benefits and benefits from economic development. - society. Therefore, when deciding to add to the master plan or make a decision to approve an investment policy, the competent authorities should look more broadly at the potential benefits of socio-economic development instead of limiting it in a particular project.
Bank profits in the third quarter still grew impressively

Bank profits in the third quarter still grew impressively

VCN - Currently, a number of banks have started to announce business results for the first nine months of 2022, in which, many banks recorded double-digit growth compared to the same period last year.
Digital transformation in the real estate industry: Turning pain into profit

Digital transformation in the real estate industry: Turning pain into profit

VCN- According to experts, the application of technology in business operations has comprehensively changed the way of operation, increased productivity, quality, and efficiency, and brought value to customers. And real estate businesses are no exception.
Banks announced "huge" profit

Banks announced "huge" profit

VCN - The bank's total assets reached approximately VND1.6 quadrillion, up 13.4% compared to 2021.
Gradually revealing the profits of banks in the first half of the year

Gradually revealing the profits of banks in the first half of the year

VCN - The domestic economy recovered well in the first six months of 2022 when GDP in the second quarter of 2022 increased by 7.72%, the highest quarterly increase in the past 10 years.
Profits of many businesses reduce because of increasing costs

Profits of many businesses reduce because of increasing costs

VCN - Despite positive growth in revenue thanks to the recovery of consumption markets after difficulties caused by the pandemic, the surge in input costs has caused many businesses to fall into negative growth, even losses in the first quarter of 2022.
Adapting to the

Adapting to the 'new normal', businesses 'getting better'

VCN - In the field of fertilizers, DAP - Vinachem JSC recorded a profit after tax of VND136.5 billion, 3.8 times higher than the same period last year.
A series of steel enterprises lost profits

A series of steel enterprises lost profits

VCN - If in 2021, steel enterprises had the opportunity to create profits, in 2022, with many pressures from the external economic context, large-scale steel enterprises have all significantly reduced profit plans.
How to balance profit and green conversion goals?

How to balance profit and green conversion goals?

VCN - To support this, both financial and market-supportive government policies are needed. Besides, enterprises also need to actively allocate resources appropriately to achieve both immediate and long-term effectiveness.
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