The combined gross profit of 351 listed companies, representing 41.6% of total market capitalization, reached 84.05 trillion VND in the first quarter of 2024, according to Bloomberg data. The industrial sector posted the sharpest improvement, with average gross profit rising 667.6% year over year, led by Thanh An 96 Construction (TA9), whose profit surged more than 552 times from a year earlier.
This article is a condensed and translated summary (original in Vietnamese, VN) of a feature published in the June 2024 issue of Bloomberg Businessweek Vietnam.