Stock Exchange and
UPCOM, rose 15.6 percent year-on-year in the fourth quarter of 2020.
With
outstanding economic recovery, listed companies’ profits are estimated to grow
23 percent this year, said VNDirect.
However,
despite a bullish outlook, many companies submitted lower business plans
compared to last year to shareholders.
Pha
Lai Thermal Power JSC (PPC) set a target of nearly 5.7 trillion VND in total
revenue, down 31 percent over last year, resulting in a drop of 66 percent in
profit before tax to 415 billion VND.
Although
the power sector is expected to grow as it has recovered strongly, PPC s profit
target is the lowest since 2014.
During
A farmer works in a vegetable field lin Hanoi on April 6, 2021. - AFP
HANOI, April 26 (Bernama): The Vietnamese economy could grow by about 6 to 6.3 per cent in 2021, said chief economist Pham The Anh from the Vietnam Institute for Economic and Policy Research (VEPR) during a workshop recently held to announce the Vietnam Quarterly Macro-Economic Report.
The VEPR’s report said the global economy has shown signs of recovery thanks to the availability of Covid-19 vaccines, but instability remains while growth is uneven among nations and economies, reported Vietnam News Agency (VNA).
In the first quarter, Vietnam’s economic growth hit 4.48 per cent thanks to the government’s drastic actions to control the pandemic from the early stage, along with the signing of the European Union-Vietnam Free Trade Agreement and the EU-Vietnam Investment Protection Agreement.
VIETNAM BUSINESS NEWS APRIL 24 Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
24/04/2021 13:10 GMT+7
Affordable housing supply fails to meet goal: Official
Blocks of social housing in Kim Chung commune of Hanoi s Dong Anh district (Photo: VNA)
The supply of affordable housing for low-income earners in urban areas and industrial park workers has only met around 42 percent of the target, Bui Xuan Dung, Director of the Ministry of Construction’s Housing and Real Estate Market Management Agency, told a recent workshop.
A lack of available land and funding were to blame for the social housing shortage, Dung told the “Social Housing: The Establishment of the 2021 - 2030 Comprehensive Social Housing Policy in Vietnam” workshop on April 20 in Hanoi.
Economy to expand 5.8 pct if Covid-19 outbreak contained
By Nguyen Quy February 16, 2021 | 12:00 pm GMT+7
Workers make garment products for export at a factory in the northern province of Hung Yen. Photo by Reuters/Kham.
Vietnam’s economy could grow by 5.8 percent this year in the absence of further community transmissions in the country, a think tank said.
The Vietnam Institute for Economic and Policy Research (VEPR) made its forecast based on the scenario that the Covid-19 outbreak in the country is brought under control in the remaining months and the domestic economy gradually resumes normality.
This growth rate would be lower than the government’s 6.5 percent target.
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