Summary of 9M/2024 results and outlook of Phuoc Hoa Rubber JSC (PHR VN) PHR operates in two key business segments: rubber plantations, which contribute most of the revenue, and industrial park (IP) development, which drives net profit. The IP segment employs three approaches: self-developing projects, cooperating with other developers to develop IP, and selling rubber […]
Summary of 9M/2024 results and outlook of Vinamilk JSC (VNM VN) Net revenue grew 3.5% y/y to VND46,306bn, with domestic sales contributing 82% and international sales of 18%. For local market, Q3’s revenue declined by 2.4% y/y due to Typhoon Yagi’s temporary impact in Northern Vietnam. Combined with H1’s positive results, 9M’s sales grew slightly […]
Summary of the 9M/2024 results and outlook of Binh Duong Water Environment JSC (BWE VN) Revenue grew 15.4% y/y to VND2,768 bn, primarily driven by the water supply segment, which increased 14.5% y/y (70% of total revenue). Specifically, Binh Duong’s sales rose 7.2% y/y, benefiting from new residential customers and improved manufacturing activities. Additionally, the […]
Vietnam’s rapid economic growth since the Doi Moi reforms of 1986 has transformed the nation from a low-income economy to one on the brink of upper middle-income status. These reforms not only spurred GDP growth by more than tenfold since 2000 but also reduced the poverty rate from over 37% to less than 4%. Today, […]
Summary of 9M/2024 results and outlook of VPBank (VPB VN) Net income rebounded by 39.1% y/y, driven by robust Net Interest Margin (NIM) expansion and ongoing asset quality enhancements. Credit growth was solid in 9M/2024, with total credit expanded by 16.6% y/y as the bank focused on portfolio restructuring to strengthen risk management. Mobilization was […]
Prime Minister Pham Minh Chinh on December 10 received David Petraeus, a Partner at the Kohlberg Kravis Roberts (KKR) global investment firm and Chairman of the KKR Global Institute, who is paying a working visit to Vietnam. KKR, one of the world’s leading investment companies with total assets valued at 528 billion USD, has invested […]