So far 347 listed
companies have released their Q3 results, which show that most non-financial businesses affected by the pandemic are seeing good recovery, according to financial data provider FiinGroup.
The figures do not include those of state-owned carrier Vietnam Airlines which has achieved losses of VND564 trillion ($243 million) this year due to extreme travel restrictions.
If its results are included, the combined profit figure will fall by 24.1 percent year-on-year in the third quarter. It had fallen by 33.6 percent in the second quarter.
Strong growth was seen in auto, retail and resources sectors.
Autos and parts posted Q3 revenue growth of nearly 50 percent. Car sales in September were the year’s highest, according to data from the Vietnam Automobile Manufacturers Association.
The retail sector saw revenue growth of 34.1 percent, seven times the previous quarter figure. FiinGroup analysts said a surge in the sales of electronic goods including smartphones was the main reason for the growth.
Resources also saw revenue growth of 34.1 percent, with steel giant Hoa Phat Group putting in a robust performance.
- Vietnam’s listed non-financial firms post V-shaped recovery in Q3
- Banks eye profit growth despite pandemic
- Listed companies’ profit slump slows
- Listed companies’ profits in free fall as coronavirus takes toll
- Banks maintain profit growth but bad debts rise
- Sabeco sees revenue down, profit up in Q3
- Hoa Phat reports highest-ever revenue, after-tax profit
- Automobile sales surge in October
- Vinh Phuc’s retail sales, service revenue grow 2.31 percent in October