After a period of strong selling, market sentiment experienced a positive shift in the second half of April due to GDP growth in the first quarter of 2025, satisfactory figures released by the business community, and easing international trade tensions. Realty firms report significant profit recovery The corporate sector achieved strong business results in the first quarter of 2025, with after-tax profits attributable to shareholders at parent companies across the entire market continuing to grow significantly (up 23% year-on-year and 6.1% compared to the fourth quarter of 2024), according to a recent report by SSI Research. As a result, January-March this year marked the sixth consecutive quarter of positive growth in corporate profits, bringing the overall market profit to its highest level since 2018 at VND146.6 trillion. The real estate sector, in particular, played a pivotal role in this general upward trend, achieving a profit growth rate of 139% year-on-year and contributing 63% to the overall market growth. Vingroup stocks, such as VIC, VHM, VEF, and VRE, stand out as notable examples, with total profit growth of 157%. Without these stocks, the after-tax profit growth of the entire market in the first quarter would have been only 10.8% compared to […]
To read more, please click here.
