Market brief 09/02/2022

Last year was Vietnamese banking market witnessed the excitement of the digital transformation process, with some banks even expecting to transform themselves into digital creation to help customers transact 365+, unlimited space, transaction time. Techcombank focuses on developing customer experience on online banking (Ebanking), minimizing transaction time and costs for customers. MBBank has integrated all banking transactions and financial management completely free of charge on MBBank and Biz MBBank apps. Other emerging names such as VPBank NEO of VPBank, Ipay of VietinBank.

NVL: has a high prepayment of more than 8,305 billion VND, double compared to the beginning of the year, this figure only accounts for about 4% of total assets of the company.

The US and Iran resumed indirect negotiations, oil prices plummeted. Brent oil futures fell $1.91, or 2.1%, to $90.78 a barrel.

VHM: recorded the largest prepayment in the housing real estate industry with VND8,916b, equivalent to 4% of total capital, but a sharp decrease of 67% compared to the beginning of the year.

VNM: In Q4.2021, gross profit margin decreased from 46.2% to 42.5%, continuing to decrease compared to Q3.2021 and to the lowest level in 5 years.

HPG: At the end of 2021, HPG made a provision of 235.5 billion dong to reduce the price of inventories, up from 86.5 billion at the beginning of the year and 65.8 billion in Q3.2021. The group's inventory value reached VND 42,370 billion, an increase of nearly VND 16,000 billion compared to the beginning of the year. In which, raw materials and materials reached 19,939 billion VND, set aside 121 billion VND; finished products 9,968 billion VND, set aside 50 billion VND.