The Covid-19 pandemic and central region floods have caused the Vietnam Railways Corporation’s revenues to plummet and are likely to saddle it with losses for 2020. – VnExpress International
Resort real estate supply and sales fell to a five-year low last year, according to real estate consulting company DKRA Vietnam. – VnExpress International
Banks made huge profits in 2020 although the economy grew at the slowest rate this decade and 70 percent more companies shut down than in 2019. – VnExpress International
After years of delay, Vietnam will begin implementing this year a plan to establish an international financial center in the country. – VnExpress International
Hoang Anh Gia Lai Agricultural Joint Stock Company will sell three of its rubber and dairy subsidiaries to Thadi, a subsidiary of Truong Hai Auto Corporation. – VnExpress International
Bank credit is estimated to grow at 13-14 percent in 2021 as the economy revives post-Covid-19, according to brokerage SSI Securities Corporation. – VnExpress International
Billionaire Tran Ba Duong has taken over as chairman of agriculture firm HAGL Agrico. – VnExpress International
The consolidated profit of BIDV, Vietnam’s largest state-owned lender by assets, declined by 16 percent in 2020 to VND9 trillion ($390 million), despite a year-end surge in lending. – VnExpress International
The U.S. has made no decision on imposing tariffs on Vietnamese goods regarding the recent allegation of currency manipulation, a Vietnamese minister says. – VnExpress International
The benchmark VN-Index inched up 0.97 percent to 1,167.69 points Friday, its sixth straight gaining session, with bank stocks among the best performers. – VnExpress International
