Drug firms spend huge sums to drive growthAfter making an entry into the automobile manufacturing industry, Vingroup, the country’s leading property company, has set its sights on the US$5.3 billion pharmaceutical sector. In March Vietnam Dairy Products Joint Stock Company (Vinamilk) and Hau Giang Pharmaceutical Joint Stock Company (DHG Pharma) had signed a deal to collaborate in pharmaceutical research and development. Some smaller joint stock banks are also paying large dividends. Saigon Commercial Joint Stock Bank has also made its shareholders be happy by deciding to use VNĐ600 billion from its profits to issue bonus shares. Besides these State-owned banks, many other joint stock lenders have also reported surpassing their targets for 2017.

Source: VietNamNet News April 23, 2018 06:33 UTC