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30
3月
On Mar 30, Hoa Phat Group (HPG) held the Annual General Meeting. The company targets a VND150,000bn revenue and a VND8,000bn NPAT amid weak demand. The company has been approved to not pay dividends for 2022.
30
3月
Rice export volume rocketed by 109% mom and 80% yoy to 900,000 tonnes. Meanwhile, rice exporting value surged by 108% mom and 95% yoy to USD480mn in Mar-23.
15
3月
Total Feb steel sales volume posted 67,738 tonnes, increasing by 56.2% mom and 9.7% yoy. The 2M23 total sales volume came in at 111,108 tonnes, -28.6% yoy. In which, the steel coat volume declined 33.7% yoy to 85,285 tonnes and the steel pipes volume was down by 4.2% yoy to 25,823 tonnes.
15
3月
Total Feb steel sales volume posted 549,767 tonnes, decreasing by 30.6% yoy but increasing by 18.5% mom. The 2M23 total finished-product sale volume dropped significantly to 1,013,881 tonnes, -32.2% yoy. Of which, all products sale volumes declined due to high base in 2022.
15
3月
Total Feb steel sales volume posted 102,259 tonnes, dropping by 35.0% yoy but increasing 20.0% mom. The FY5M23 (Oct 2023-Feb 2023) total sale decreased 41.2% yoy to 527,462 tonnes as steel pipes volume declined 22.8% yoy to 121,279 tonnes and steel coat fell 45.2% yoy to 406,183 tonnes.
15
3月
This monthly report on Vietnam steel production is intended to track the developments in the steel market. During Feb 23, we observed an improvement in total sales volume on m-o-m basis.
14
3月
Vinh Hoan delivered a preliminary VND758bn revenue, decreasing 29.5% yoy since the pangasius export shrunk by 46.9% yoy in Feb. The pangasius export volume decreased sharply by 26.4% yoy due to the lessened import of US and China markets.
14
3月
Domestic production capacity has exceeded current domestic demand by at least 40%. Due to the falling price of fertilizer, farmers are postponing purchasing fertilizer, that led to a very high inventory and low sales of fertilizer in 1Q23.
14
3月
On Mar 10, Hoa Sen Group (HSG) held the Annual General Meeting. The company sets conservative FY2023 guidance with 2 scenario due to the uncertainty from geopolitical conflicts and global high borrowing-rate environment.
14
2月
On Feb 10, 2023 Novaland held a meeting which gave the audience a walkthrough of the its restricting plan and cash flow. - The company did not hint a glimpse of relief about its due debt payment source but reassures us about its on progress restricting plan. To save money, NVL even procrastinates the interest subsidy program in those current projects and promises to pay back when signing the official contract.
30
3月
1Q23 shows the negative impact of the weak global demand on Vietnam’s economic activities, with a slowdown and even a reduction in export-related sectors. The export and export-oriented production saw significant declines in the first quarter of 2023, and the fruitful consumption in the first normalized Tet could not reverse the slowdown. On the upside, we saw improved industrial production, less severe trade performance, a tourism return, and well-controlled inflation in March, providing hope that economic activities would accelerate in the next quarter.
01
11月
Vietnam’s economic performance in October reflects obviously the impact of global slowdown when the low-base effect was fading. Trade activities and export-oriented industrial production were decelerating under the fewer new orders and weaker external demand. On the upside, domestic consumption remains favorable under the improving labor market, and the inflation remains under control. Furthermore, the rebound in FDI registration is a plus point as it might reflect that foreign investors are regaining the confidence about the business prospect.
31
10月
The increase in consumer spending in turn helps the economy sustain its expansion. If for some reason consumer confidence declines, consumers become less certain about their financial prospects, and they begin to spend less money; this in turn affects businesses as they begin to experience a decrease in sales.
24
10月
Manufacturing and Service industry both play essential role in boosting the social and economic development. A vibrant manufacturing and service base leads to more research and development, innovation, productivity, exports, and middle-class jobs. Furthermore, manufacturing and service help to raise living standards more than any other sector. The PMI plays an important role in helping financial market participants in making decision.
16
9月
Vietnam’s economy would likely shine in 3Q22 with impressive GDP growth and well-controlled inflation under the ongoing recovery. In our opinion, trade activities would slow down in the third quarter while favorable domestic consumption would be the primary pillar for economic growth. Therefore, we predict real GDP to grow by 12.16% in 3Q22.
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