Facebook icon. (Photo: AFP/VNA) According to Vietnam News Agency correspondent in Sydney, Facebook technology group has paid 20 million AUD (about 16 million USD). Sales tax in Australia in 2020. Figures from the Australian Securities and Investments Commission show that in the 2020 financial year, Facebook has weathered the worst effects of the COVID-19 pandemic; Accordingly, the total advertising revenue of this group in Australia is AUD 712.7 million (about USD 570 million), higher than the figure of AUD 674 million in 2019. However, Facebook paid A$559 million to an overseas subsidiary for “ad resale,” causing net income 2020 is only 155.3 million AUD, lower than 167.1 million AUD in 2019. Accordingly, the company’s pre-tax profit was AUD 37.9 million. With this profit, the company paid 20 million AUD, compared with 16.7 million in 2019. A Facebook spokesperson said that in the last financial year, the company has pay income tax in Australia at more than 30% under local tax laws. While the two “tech giants” Facebook and Google both recorded growth in 2020 in Australia, many local media companies had to cut costs and in some cases had to cut jobs due to advertising revenue. reported a drop of up to 30%. Facebook is currently actively negotiating with several Australian media outlets about paying for their news content to appear on Facebook’s Newsfeed feature. So far, Facebook has officially signed a contract with two major media agencies, Seven West Media and News Corp, and according to some sources, Facebook will sign an official agreement with Nine Entertainment Co within the next 2 weeks. . Facebook is also negotiating with Guardian Australia and national broadcaster ABC.

Facebook logo at headquarters in Menlo Park, California, USA. Photo: AFP/VNA According to the Vietnam News Agency correspondent in Sydney, data from the Australian Securities and Investments Commission shows that in the 2020 financial year, Facebook has overcome the worst effects of the recession caused by the COVID-19 pandemic and made a profit. Total advertising revenue in “Kangaroo country” was AUD 712.7 million (equivalent to USD 570 million), up from AUD 674 million in 2019. However, Facebook paid $559 million to an overseas subsidiary for ad inventory-related content, bringing the company’s net revenue to just $155.3 million. As a result, Facebook’s pre-tax profit was AUD 37.9 million, and with this profit, the company paid AUD 20 million (USD 16 million) in taxes, compared with AUD 16.7 million in 2019. A Facebook spokesperson said that in the last financial year, the company paid income tax in Australia at rates above 30% under local tax law. While tech giants Facebook and Google both recorded growth in 2020 in Australia, many local media outlets have had to cut costs and in some cases cut jobs due to business reasons. Advertising revenue dropped by 30%. Facebook is currently actively negotiating with several Australian media companies about paying for their news content to appear on the social network’s Newsfeed feature. So far, Facebook has officially signed contracts with two major media agencies, Seven West Media and News Corp, and according to some sources, will sign a formal agreement with Nine Entertainment Co within the next two weeks. Meanwhile, negotiations with Guardian Australia and national broadcaster ABC are still ongoing.

Accordingly, the enterprise plans to submit a plan to supplement the wireless telecommunication industry; other monetary intermediary activities (Details: Carrying out banking services through a digital environment); Other financial services activities are not elsewhere classified (except insurance and social insurance). Enterprises said additional reasons for convenience in implementing cooperation activities with partners to maximize services provided to customers. In 2021, FPT Retail expects revenue of 16,400 billion dong, pre-tax profit of 120 billion dong, up by 12% and 320% respectively compared to the implementation in 2020. In 2021, the business plans to continue focusing on increasing sales of the store system by introducing new products and services such as implementing co-branded sim services; open 68 more Laptop centers; New products like watches, surface … In the pharmaceutical market, the company is expected to account for about 30% of the market share of the pharmaceutical retail channel through pharmacies in the next 2 years, the pharmaceutical segment will contribute about 25% of the total revenue of the company at more than VND 5,000 billion. . At the close of the session on April 23, FRT shares rose 300 dong to 28,300 dong per share.

This is an indicator that Vietcombank will reach and exceed its profit target for the whole year 2021. Previously, Vietcombank pre-tax profit in 2020 reached more than 23 trillion dong, equivalent to 2019 and reached 116.3% of the plan assigned by shareholders. Market capitalization by the end of 2020 reaches 15.7 billion USD and by April 22nd is over 16.4 billion USD – leading the industry. Expectedly, in 2021, the bank sets a target of 11% consolidated pre-tax profit (estimated at 25,585 billion dong), and separate pre-tax profit of 25,000 billion dong. Total assets are targeted to increase by 5%, capital mobilization from the economy increases by 7%, credit increases by 10.5%, and bad debt ratio is below 1%. In addition, the bank also plans to pay 2021 dividends at a rate of 8%. Mr. Nghiem Xuan Thanh, chairman of Vietcombank, said that the bank has set a strategic goal of 2 billion USD profit by 2025, of which the retail segment will contribute 50%, regardless of the Covid-19 epidemic affecting economy in general. Vietcombank also plans to increase its capital by more than 13 trillion dong to over 50 trillion dong by issuing shares to pay dividends from the remaining profit in 2019 and issuing separate shares with a scale of 6.5. % charter capital for up to 99 investors. Strategic partner Mizuho Bank will buy about 46.1 million additional shares to keep a minimum ownership rate of 15%. The bank continues to make great profits. Currently, Vietcombank is the bank with the highest new credit in the system. Therefore, if the capital is not raised, Vietcombank will not ensure the capital adequacy ratio as prescribed and this will affect the bank’s ability to provide credit to the economy, affecting its operational efficiency. In 2021, VCB expects that its total assets growth for the whole year will reach 5%, capital mobilization will increase 7% and credit growth will reach 10.5%. In the first quarter of 2021, many banks recorded high profit results and also set high targets for the year. VIB Q1 profit before tax increased 68% to more than 1.8 trillion dong thanks to the growth in scale and quality of the asset summary sheet, along with diversifying income sources. non-credit. ROE is 31%, highest in the industry. Also in the first quarter, Ho Chi Minh City Development Joint Stock Commercial Bank – HDBank (HDB) of billionaire female billionaire Nguyen Thi Phuong Thao recorded pre-tax profit of over 2.1 trillion dong, up 88% year-on-year. . During this year’s congress season, many banks have set out very impressive profit growth plans. Tien Phong Commercial Joint Stock Bank (TPBank) of Mr. Do Minh Phu is expected to grow 32% of its profit before tax this year compared to 2020, equivalent to about VND 5,800 billion. Saigon Hanoi Commercial Joint Stock Bank (SHB) of Mr. Do Quang Hien approved the highest 2021 profit plan to increase 88% to 6,100 billion if the bank completes raising capital in the third quarter. Viet Capital Commercial Joint Stock Bank – Viet Capital Bank (BVB) aims to grow 44% of its profit in 2021 thanks to its strategy of promoting retail sales, increasing bad debt collection, expanding network of operations … On the stock market, bank shares have risen sharply. From the beginning of this year to the end of the third week of April 2021, many Vietnamese banking stocks have had a very high growth rate of over 50%. The average increase in the banking sector’s share price was 15%, higher than the 10% increase in the number of VN-Index. The dominance of bank share prices is driving the entire stock market. It is forecasted that the profit of listed banks will grow 25-30% this year will be the main driving force to make bank shares more exciting. On the stock market (stock market), the VN-Index recovered to close to the threshold of 1,250 points. Closing the session on April 23, the VN-Index increased by 20.71 points to 1,248.53 points; The HNX-Index fell 3.4 points to 283,634 points. Upcom-Index increased 0.65 points to 80.4 points. Liquidity reached 23.3 trillion VND.

Specifically, Techcombank targets 2021 consolidated pre-tax profit at 19,800 billion, up 25.3% compared to the result in 2020. Credit balance is expected to reach nearly 356,200 billion, growth of at least 12%. compared to last year and within the amount allowed by the State Bank. Deposit value (including certificates of deposit for individual customers) is expected to reach VND 334,291 billion, growing at least 14.7% and in line with actual credit growth. Notably, Techcombank targets 2021 consolidated pre-tax profit to reach 19,800 billion, up 25.3% compared to 2020. NPL ratio is expected to be below 2%. Techcombank 2021 shareholders meeting Techcombank’s management said it would improve efficiency by concentrating resources to increase demand deposit balance (CASA), on home buying value chains, real estate and high-income customers. Techcombank will also focus resources on customer-transaction banking platforms; upgrading credit processes; providing the right process for customers, minimizing the time to reach “approval”; analyzing data to gain insights into customers; creating a technological platform for building and implementing specialized financial products and services … At the meeting, Techcombank continued to submit to shareholders not to pay dividends, which meant keeping more than 26,700 billion dong of undistributed profits for business operations. At the same time, the bank continues to submit to shareholders the plan of issuing shares for selected employees (ESOP). Number of shares expected to be issued is more than 6 million shares, selling price is 10,000 dong / share. Shares are restricted from transfer for 1 year. In addition, at this meeting, a new member of the Board of Directors will be elected with the candidate Mr. Ho Anh Ngoc (Chairman Ho Hung Anh’s younger brother). Thus, the number of members of the Board of Directors of the bank is expected to increase from 8 to 9 people. Mr. Ho Anh Ngoc was born in 1982, holds a Master’s degree in economics from Macquarie University Sydney, Australia. He is also a CPA member of the Australian Auditing Association. Since 1/2007, Mr. Ho Anh Ngoc has held many positions at Techcombank, from Deputy Director of Consumer Service Card Center; Director of Ho Chi Minh City Branch; Deputy Head of Wholesale Banking Division and Head of Wholesale Banking in the South, … Currently, he is holding the Southern Representative Board of Techcombank, is the Chairman of the Board of Directors of One Mount Group, Chairman of JSC 1MG Housing, Chairman of JSC One Distribition. In addition, from 1 / 2013-5 / 2018, he was a Vice Chairman / Chairman of the Board of Members of Techcombank AMC. From November 2011 to January 2013, he was Vice President cum General Director of Thao Dien Investment Joint Stock Company, … HA Techcombank aims to make a “huge” profit of nearly 20,000 billion in 2021

Mr. Minh affirmed that Sacombank and LienVietPostBank are currently two completely independent banks with no contact with each other. Mr. Minh said that he now dedicates all his love and enthusiasm to Sacombank because this is the bank associated with his interests at the moment. At the meeting, Mr. Minh also shared with his desire to receive dividends from many Sacombank shareholders soon. Mrs. Kim Cuc (70 years old) said she had invested in Sacombank for decades and had the greatest desire to receive dividends. Mrs. Cuc said that the bank’s leaders during the restructuring period drove Sacombank to achieve good business results, bringing joy to shareholders, but if the dividend is paid, “the more fun”. “I myself also want to be paid dividends. Sacombank’s stock price is currently good. But if we are restructuring, we must follow the roadmap of the State Bank. Dividend distribution must wait for successful restructuring ”, Mr. Minh answered to shareholders. Mr. Minh reiterated his promise when accepting the task of restructuring Sacombank, the Board of Directors committed to try to succeed after 5 years. After the restructuring is successful, the bank will return to its normal state, and will be entitled to pay dividends. Chairman of Sacombank expects that by 2022 or early 2023, dividends can be distributed to shareholders. Another issue is that the strategic shareholder participation in Sacombank, which is of interest to investors, is also briefly answered by Mr. Minh that can only be discussed after the restructuring is successful, reporting to the State Bank. “Successful restructuring takes into account dividends and strategic shareholders. The Board of Directors is trying its best, uniting with the management board and Sacombank’s staff to successfully restructure in 5 years as promised when receiving the tasks. Up to now, I affirm that Sacombank has regained its position in the banking and financial market, operating stably and strongly developing ”, Mr. Minh emphasized. Currently, 32% of Sacombank’s shares are collateral assets under the management of VAMC. Chairman of Sacombank said that according to the restructuring plan, the bank must consult the Prime Minister to implement the plan of auction of shares. this part. Expected price includes the original price plus interest about 33,000-34,000 VND. Mr. Minh said that these shares may have to wait until 2022 to resolve. Chairman of the Board of Directors of VAMC Nguyen Tien Dong assessed that if the auction is successful for these Sacombank shares, the bank will have more investors with “fresh money, real grain” to participate and the business will be more active. Regarding the business situation in the first quarter, Sacombank General Director Nguyen Duc Thach Diem said that the first 3 months’ profit reached 25% of the plan of pre-tax profit of 4,000 billion VND in 2021. The credit balance in the first quarter increased by 5.8 %, capital mobilization increased 3%. In the first 4 months of the year, the bank successfully handled 2,280 billion dong of bad debt.

A longtime shareholder of the bank did not hide his excitement when in just 1 year, SHB shares increased 4.5 times, from only 6,000 VND in early 2020 to nearly 28,000 VND today. Shareholders expressed their hope that in the future, stock prices will continue to rise to the Top 5 group of Vietnamese commercial banks. Chairman of the Board of Directors, Mr. Do Quang Hien, said: “In previous years, there were shareholders who were very concerned about how the Board of Directors was responsible for increasing stock prices. We only have a responsibility to do well, good governance for a healthy and transparent development of SHB, investors will analyze and evaluate the performance by themselves; Enterprise value will determine the value of the stock. The price increase of SHB shares also shows investment interest, affirming the value of SHB in the present and in the future ”. Vote Hien: Last year, shareholders were very concerned about the responsibility of the Board of Directors to raise the stock price At the 2021 annual shareholder meeting, SHB said that it would pay dividends for 2019 and 2020 in shares at the rate of 10% and 10.5%, respectively. At the same time, SHB wants to offer shares to existing shareholders at the price of 12,500 dong / share. If completing these plans, SHB’s chartered capital will increase sharply to over 26,600 billion dong. SHB offers 2 scenarios for profit plan for 2021. Scenario 1, in case the bank completes the issue of additional shares to the public in the third quarter of 2021, the additional capital used in business operations will contribute to increasing the bank’s profit, expected reached 6,128 billion, up 87% over the previous year. Scenario 2, SHB completes the public offering of shares in quarter 4/2021, profit plan is expected at VND 5,828 billion, up 78%. By the end of Q1 / 2021, the bank’s total assets reached more than 418 trillion dong, pre-tax profit reached 1,664 billion dong, more than doubling compared to the same period last year. Regarding the transfer to the listing, SHB has recently received an official letter from the Ho Chi Minh City Stock Exchange that SHB’s profile has met the conditions under the HOSE’s Securities Listing Regulation. Official trading of bank shares on HOSE will be done after the technology infrastructure issue is handled. In 2021, SHB will increase its capital to VND 26,674 billion, of which the first source will increase from the fact that SHB pays 10% dividends to shareholders in 2019, approved by the State Bank and the SSC. Expected implementation time is in May 2021. After completing the dividend payment, SHB’s chartered capital will increase to more than 19,260 billion dong. The second source is from the dividend payment of 2020 at the rate of 10.5%. After the meeting, the Bank will submit to the State Bank for approval this plan. The third source, the Bank will increase capital from the offering of shares to existing shareholders by the method of exercising rights at the ratio of 100: 28, the expected asking price of VND 12,500 / share – less than half of the current price. now on the stock market. SHB has currently selected 2-3 major partners for the divestment plan of SHB FC Consumer Finance Company. Expected to successfully divest this year. SHB will increase capital by 5,000 billion dong from issuing shares for foreign investors and foreign strategic investors. Shareholders also agreed to approve the transfer of SHB’s capital in SHB Laos and SHB Cambodia to other investors at the maximum rate assigned to SHB’s Board of Directors for decision.

Accordingly, Sacombank’s shareholder meeting has approved the business plan of 2021 with the pre-tax profit target of 4,000 billion dong, up 20% year-on-year. In addition, total assets are 533,300 billion VND, an increase of 8% compared to 2020; the total mobilized capital reached 485,500 billion VND, an increase of 9% over the previous year. In which, mobilization from residents and economic organizations is expected to reach VND 478,300 billion, an increase of 9%; Total credit balance reached 372,000 billion VND, up 9% compared to 2020. Sacombank said, based on the allowed credit growth of the State Bank and the business situation in 2021, the Board of Directors will adjust appropriate deposit and loan growth target. NPL ratio with Sacombank’s target in control is below 2%. Answering questions from shareholders about business results in the first quarter of 2021, Ms. Nguyen Duc Thach Diem, General Director of Sacombank said that by the end of March 2021, Sacombank’s capital mobilization increased by over 3.5%, lending credit room reached 5.8%, revenue over 1,200 billion services. Bad debt settlement in 4 months is 2,280 billion dong. Profit reached 25% of the plan, equivalent to 1,000 billion VND. Sacombank’s Board of Directors also said that the bank’s profit retained was high at 6,000 billion dong. The Bank plans to use retained earnings to pay stock dividends, to increase charter capital as well as to meet shareholders’ expectations for many years without receiving dividends. Sacombank has submitted to the State Bank for dividends, but since the Bank is in the restructuring process, resources must be concentrated to handle bad debts. Sacombank aims to handle VND 10,000 billion of bad debt. Responding to shareholders about the dividend schedule, Mr. Duong Cong Minh, Chairman of the Board of Directors of Sacombank, said that when the restructuring is successful, the Bank’s Board of Directors promises to try to restructure successfully in 5 years, expected to be 2022 or more. to normal status, early 2023 will be able to pay dividends. According to Mr. Minh, the Bank is focusing on handling outstanding bad debts. The bank continues to open a public and transparent auction of Phong Phu industrial park. Over the past time, Phong Phu shareholders have had a lot of controversy to buy and sell lawsuits, so the People’s Committee of Ho Chi Minh City is suspending to resolve it completely, hoping to continue to handle it in 2021. In addition, Sacombank has also sold successful auction of many real estate to recover bad debt. Before the information about whether to merge LienVietPostBank (LPB) into Sacombank (STB) as well as the relationship between these two banks, Mr. Duong Cong Minh said: “LienVietPostBank is a natural child, I let go to get married, Sacombank is my daughter-in-law recently married, so I’m more precious, and my job is to focus on Sacombank “. In addition, the Chairman of Sacombank also informs shareholders about plans to sell capital to foreign investors that can only be resolved when the restructuring is successful. Speaking at the AGM of Sacombank this morning, the representative of the State Bank highly appreciated the handling of the post-merger bad debts of Sacombank. In particular, the role of the head of the Board of Directors is Mr. Duong Cong Minh – Chairman of the Board of Directors and Ms. Nguyen Duc Thach Diem – General Director of Sacombank. However, at the request of SBV leaders, after the epidemic is controlled, Sacombank needs to focus on promoting asset sales to handle bad debts and outstanding assets since the time of Tram Be at Phuong Bank. South after merging with Sacombank. By the end of 2020, Sacombank’s consolidated pre-tax profit reached VND 3,339 billion, an increase of 3.8% compared to 2019 and 30% higher than the plan. Profit after tax reached VND 2,682 billion, up 9.2%. Total provision balance of Sacombank by the end of 2020 is 13,000 billion VND, an increase of 43.3% compared to 2019 (equivalent to the level of provisioning in 2020 is 3,951 billion VND). As of December 31, 2020, total bank assets reached VND 492,637 billion, an increase of 8.6% compared to the end of the previous year. Customer deposits increased by 6.8%, reaching VND 427,972 billion. By the end of 2020, the total NPL of Sacombank increased by 0.8% to 5,780 billion VND. Meanwhile, customer loans balance grew 14.9% y / y to VND 340,268 billion. Thereby dragging the ratio of NPLs to total outstanding loans decreased from 1.94% to 1.7%. Sacombank’s revenue from collecting and handling bad debts in the past year reached more than VND 15,200 billion. In which, 8,200 billion VND was withdrawn from the Sacombank Restructuring Project after merging with Southern Bank. Raising the accumulated recovery from the project implementation to 46,457 billion VND, reaching 52.2% of the overall plan of the Project to 2025, exceeding 4.2% of the progress. Outstanding assets under the Project decreased by 48.2% compared to the end of 2016, accounting for 9.8% of total assets, contributing to increasing the proportion of profitable assets from 67.9% to 85.2%.

FTP stock price chart from the beginning of the year to now. FPT Joint Stock Company (FPT code-HOSE) has just announced business results for the first quarter of 2021 with revenue and profit before tax increasing by 14.4% and 22.3% year-on-year. Accordingly, at the end of Q1 / 2021, FPT’s revenue reached 7,586 billion VND and pre-tax profit reached 1,397 billion VND, up 14.4% and 22.3%, equivalent to 102% and 105% of the year plan. According to FPT, the strong growth in revenue and profit was due to the highest growth in technology sales in the last 4 quarters and the strong growth in the Telecommunications and Education sector. Specifically: Technology sector contributes 40% to the total profit after tax and 55% of the total revenue of the Group. New sales of Technology sector reached 5,834 billion VND, the highest level in the last 4 quarters and increased 46.3% over the same period. In addition, with the orientation of focusing on digital transformation for the customers of the Government and large enterprises, at the same time focusing on developing solutions, Made by FPT platforms, and information technology services for the market. FPT’s domestic market recorded high growth in both revenue and profit after tax, reaching VND 986 billion, up 40.1% and VND 59 billion, up 1,828.7% over the same period. In foreign markets, the revenue from IT services recorded VND 3,169 billion in revenue, up 9.6% over the same period. Profit after tax of this service sector reached VND495 billion, up 16.4% compared to quarter 1/2020, when the international market was not affected by Covid-19. With the strategy of “whale hunting” (focusing on large enterprises and high value contracts), FPT successfully signed 04 large contracts with sales of over 5 million USD / contract in Q1. / 2021. As a result, new sales of foreign markets increased by 43%, reaching VND 4,489 billion, which is the basis for accelerating the growth rate of revenue and profit in the remaining quarters of 2021. Telecommunication Division recorded 2,925 billion in revenue, up 9.6%, and 576 billion in profit after tax, up 29% over the same period. In which, the Telecom Services sector achieved VND 524 billion in profit after tax, up 30.7% thanks to the improvement in the after-tax profit margin of the Broadband Services segment as well as the new profit from the TV service segment. pay. Meanwhile, the revenue from the Education sector reached 698 billion VND, up 57% over the same period. It is known that the company’s General Meeting of Shareholders approved the business plan in 2021 with revenue of 34,720 billion VND, an increase of 16.4% and pre-tax profit of 6,210 billion VND, up 18%.

Accordingly, in order to restructure the investment portfolio, Intact Management Co., LTD registered to sell more than 4.62 million TCD shares, equivalent to the ownership ratio of 5.62% of capital. If the transaction is successful, this organization will reduce its ownership in TCD to 0%. Trading is done by matching and / or agreement method, expected time from April 28 to May 27, 2021. On the market, TCD shares were quite bleak when closing this morning on April 23 at the floor price of 13,050 dong / share, down 6.8%. If temporarily calculated at this market price, Intact Management Co., LTD will earn about VND 60.3 billion from the divestment at TCD. On April 29, Tracodi will hold its 2021 annual shareholder meeting to approve this year’s business plan with 2021 consolidated revenue target of 3,203 billion, an increase of 12.3% compared to 2020 and profit after tax. 280 billion, up strongly by 91.3%. In addition, TCD also plans to pay dividends in 2020 at 11% and 2021 at 14%. In which, the Company estimates consolidated revenue is expected in the first quarter of 2021 to reach more than 817 billion, up 69% over the same period. Profit before tax is estimated at 73.99 billion, 3.7 times higher than the same period in 2020. Accordingly, TCD has completed 25.5% of the revenue plan and 21.6% of the expected profit plan in 2021. .

Head office of LienVietPostBank. (Photo: Vietnam +)

Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank – stock code LPB) achieved a pre-tax profit of VND1,112 billion in the first quarter of 2021, nearly double the same period last year.

This is the quarter with the best business results ever, even exceeding the profit of some previous years of operation of LienVietPostBank.

In addition, by the end of March 31, total assets of LienVietPostBank reached more than 245,200 billion, up over 20% over the same period last year. Capital mobilization from economic organizations and individuals continued to grow well, reaching nearly VND206,300 billion, in addition, outstanding loans from this sector reached over VND 183,100 billion, an increase of more than VND 6,100 billion compared to the end of the year. 2020.

Notably, the proportion of retail growth in credit growth in Q1 reached more than 80%, indicating a consistent orientation of the bank towards the retail segment.

In the insurance segment sold through the banking channel (Bancassurance), LienVietPostBank is among the top commercial banks with the highest sales in the market. Along with the efforts in business and service development, by the end of the first quarter, LienVietPostBank’s net service revenue reached VND 162 billion, an increase of nearly 70% over the same period last year.

On the HOSE, stock LPB is in the group share had the highest market price growth in Q1, up nearly 40%, from 12,400 VND / share in the trading session on 31/12/2020 to 17,350 VND / share in the trading session on 31/3 and now is reaching the price of nearly 19,000 dong / share.

In mid-March, credit rating agency Moody’s upgraded LienVietPostBank’s outlook to “Stable.” This result reflects the bank’s financial capacity, good risk management and long-term development opportunities.

According to the plan, on April 29, LienVietPostBank will hold the Annual General Meeting of Shareholders, it is expected that this year, the bank will set a plan. profit before tax is 3,200 billion. Thus, with the first quarter results reaching 1112 billion, LienVietPostBank has fulfilled about 35% of the profit target in this year’s business plan./.

Pha Lai Thermal Power: Q1 profit slightly increased to VND138 billion despite a 51% decline in revenue.

Revenue in the first quarter of Pha Lai Thermal Power reached more than VND 1,078 billion, down 51% compared to the same period in 2020. Subtracting more than VND 1,048 billion of COGS, Pha Lai Thermal Power earned only nearly 30 billion VND of gross profit, while the first quarter of 2020 recorded more than 168 billion dong.

Pha Lai Thermal Power’s gross profit margin fell sharply to 2.77%, 4.77 percentage points difference over the same period in 2020.

The Pha Lai Thermal Power side said that the power output produced in the first quarter of the year reached 849.66 million kWh, 891 million kWh lower than in the first quarter of 2020, making low revenue from electricity sales and profit from power generation. also affected decrease.

Notably, the company’s financial activities recorded a sudden increase in revenue to more than 119 billion dong, nearly 5.8 times higher than the first quarter financial revenue of 2020. Thanks to that, the profit earned from this activity is also 5 times higher than the same period to over 97 billion dong.

According to Pha Lai Thermal Power, in the first 3 months of 2021, this company has received 97 billion dong of dividend from Hai Phong Thermal Power Joint Stock Company. It is known that Hai Phong Thermal Power in the first quarter has paid 2 dividends in 2020 to shareholders with a total rate of 10%.

This company also plans to submit to the annual shareholders’ meeting in 2021 to pay additional dividends in 2020 at the rate of 14.25%, increasing the total profit distribution rate in 2020 to 24.25%. If the shareholder meeting of Hai Phong Thermal Power approves this content, in the coming time, Pha Lai Thermal Power will continue to record positive signals from financial activities.

Closing the first quarter, Pha Lai Thermal Power reached VND 138 billion in profit after tax, a slight increase of 2% over the same period in 2020.

In 2021, Pha Lai Thermal Power Board plans to submit to the AGM a business plan going backwards with revenue down 32%, pre-tax profit down 66%, standing at VND 5,658 billion and VND 415 billion respectively.

Dividend rate in 2020 submitted to the meeting is 59%, of which the company has paid in advance 481 billion dong, equivalent to 15%.

With the results achieved in the first quarter, Pha Lai Thermal Power has completed 19% of the revenue plan and more than 35% of the profit plan.

As of March 31, 2021, the company’s total assets reached more than VND 6,715 billion, down 7% compared to the end of 2020. In which, cash and cash equivalents decreased sharply by more than 66% to 92 billion VND. . Short-term receivables from customers also decreased by 35% to more than 975 billion.

Total liabilities at the end of the first quarter of 2021 reached VND 478 billion, a decrease of over 36% compared to the end of 2020, of which the decrease was mainly in short-term payables to sellers.