Vietnamese companies lower 2021 targets despite brighter economic outlook


Pha Lai Thermal Power Plant in Pha Lai, Chí Linh District, Hai Duong Province. - Vietnam News/ANN

HANOI, April 25 (Vietnam News/ANN): Even though economic growth is expected to strongly recover this year as the pandemic has been contained, companies in many sectors have still lowered their profit targets.

According to VNDirect Securities Corporation, total profits of companies listed on three exchanges, including the Ho Chí Minh Stock Exchange, Hanoi Stock Exchange and UPCOM, rose 15.6 per cent year-on-year in the fourth quarter of 2020.

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