Since the mid-year, a number of businesses have changed business plans find it difficult due to complete their objectives. By the end of the year, this trend is growing stronger with a series of public companies significantly reduce revenues and profits.

Shares of investment companies and building development (INVESTCO) adjusted the targets of production and business plans for this year, in the form of shareholder opinion in writing. Accordingly, profit before tax of the company in 2011 will be 0 copper, and no dividend. At the shareholders meeting on 28 / 5, INVESTCO estimated 80 billion profit before tax and dividends 16%.

Expected business situation in the last months will be difficult due to continued stock market decline, the profit target of Trang An Securities (TAS) Turn 180 degrees rotation. Instead of striving to interest 6 billion, Chang'an into the hole 40 billion. Turnover from trading activities to adjust sharply, from 38 billion to 8 billion. Meanwhile, the cost of operations increased from 32 billion to 48 billion.

Not to change the interest rate of loss or break even, but many businesses reduced 40-50%, even more than 90% of the plan. After adjustment, revenues and other income of the Corporation real estate development Phat Dat was 148 billion, instead of 1,600 billion as expected. Private pre-tax profit fall to 8 billion, while the previous plan to 450 billion.

The Shareholder letter on adjustment of business plans for this year, the company stock investment and development of electronic technology - telecommunications calm, "Macroeconomics difficulties due to inflation High, tight monetary policy, stock decline is no longer effective channel for mobilizing the enterprise. On the other hand, real estate freezes, high interest is the main reason affecting the business ". Specifically, the total net sales decreased 46% compared to the plan, from 945 billion to 506.09 billion, profit after tax reduced from 194.575 billion VND 111.34 billion, down 43%.

November saw a series of listed companies reported figures adjusted business. Shares of investment companies and oil and gas development urban Kowloon to lower total revenue of 150 billion, instead of expected 450 billion, profit after tax was 22.5 billion, instead of 156 billion; margin after tax / revenue from 34.66% to 15%. The target is adjusted lower than the results achieved in 2010.

JSC infrastructure development and revenue adjustments 2,031 billion in the early years to 1513 billion. In addition, after-tax profits down from 519 billion 310 billion. Earlier, the JSC Ocean Group also adjusted up business plans, revenue 3,000 billion to 2,000 billion, profit before tax from 825 billion to 380 billion, dividend 15% to 10%.

General director of a securities company in HCM City that, to the third quarter, the company has the ability to handle certain losses, not to dare to say what percentage of completion of the plan. The business plan must be adjusted or even monthly, rather than near the end of last modification.  "The situation is worse than the market was the worst that we made early. The plan for next year will be even more difficult," he said.

Mr. Le Dat Chi, Head of Department financial investment HCM City Economics University said enterprises actually do not need to adjust the plan. Because this adjustment is only legalized weak capacity of the leadership. Enterprises themselves aims optimistic, given the number of pleasing shareholders but can not cope with the risks too great and beyond it.

According to him, just leave the targets set and completed or plan to get there first. To Congress the following year, the leader sit down with shareholders dissections, lesson learned. This is better than both rejoiced when Congress to achieve the plan, but it is planned to decrease sharply. Thus, setting targets for the year turned out to have no significant weight to the board, because they could easily change if not completed.

"The corporate body should have risk management measures as the economy changes is not good, business less optimistic than the thought of how much to adjust the percentage of revenue, profits," he divided said.