Stock Market

In 2023, Dat Xanh Services incurred a net loss of 160 billion VND primarily due to a shortfall in real estate service revenue. Additionally, the company downsized its workforce by over 1,000 employees in the past year.

According to Mr. Dominic Scriven, Chairman of Dragon Capital, the role of the finance industry in the stock market will be significant in 2023 and possibly in 2024. The roles of other industries, such as real estate or consumer goods, will depend on their respective challenges.

As of December 31, 2023, the workforce size of this real estate brokerage has dwindled down to only 2,468 individuals, compared to the initial figure of 3,773 individuals at the beginning of the year, reflecting a decline of 1,305 individuals (-35%).

FPT Retail, a leading digital retail company, recently reported a consolidated pre-tax loss of 97 billion VND for the fourth quarter of 2023. For the full year of 2023, FPT Retail accumulated a pre-tax loss of 294 billion VND.

However, the main buying force comes from negotiated transactions with a surge of over a trillion at a UPCoM exchange, while the rest is sold on the order matching channel.

According to historical statistics over the past 23 years, the VN-Index has increased in value 17 times within 5 sessions before the Lunar New Year.

The company recorded a 13% decrease in pre-tax profit compared to 2022, amidst ongoing market challenges.

In the final quarter of 2023, Hòa Bình Construction reported a post-tax profit of over 100 billion VND, breaking the streak of four consecutive quarters of losses. Similarly, Vinaconex, Coteccons, and Hưng Thịnh Incons also reported post-tax profits of 132 billion VND, 69 billion VND, and 33 billion VND respectively.

The amount of debt to be paid has been reduced by more than 5,498 billion VND as the Group has actively settled all borrowings in order to lessen the cost of interest and ensure financial stability for the business.

This is not the first time CII has announced cash incentives to encourage shareholders to attend meetings. In 2023, the company has used this tactic twice to motivate shareholders to attend the annual general meeting and the extraordinary general meeting.