Vietnam Airlines suffers $483 mln loss

Vietnam Airlines reported a loss of over VND11.1 trillion ($483 million) last year as the Covid-19 pandemic grounded all its international flights. Read more »

PetroVietnam Oil reports 460 pct increase in profit

A decline in oil prices during the last quarter of 2020 reduced costs for state-owned fuel retailer PetroVietnam Oil, increasing its net profits to VND190 billion ($8.2 million). Read more »

Airport operator profits down sharply

The Airports Corporation of Vietnam has reported a 79 percent fall in net profits in 2020 to VND1.7 trillion ($73.9 million). Read more »

Billionaires’ worth plummets in January as stocks crash

The sharp fall in the stock markets in 2021 has erased $1.4 billion from the combined net worth of four of Vietnam’s six billionaires. Read more »

Billionaires’ worth plummets as stocks crash

The sharp fall in the stock markets in January has erased $1.5 billion from the combined net worth of the country's four billionaires. Read more »

Vietjet earns $3 million profit despite pandemic

Budget airline Vietjet recorded a consolidated after-tax profit of VND70 billion ($3 million) in 2020 despite headwinds caused by the Covid-19 pandemic. Read more »

Vinhomes profits jump by 25 pct

Real estate giant Vinhomes reported a pre-tax profit of VND37 trillion ($1.6 billion) for 2020, up 25 percent from the previous year. Read more »

Pen maker Thien Long profits fall to 4-year low

Pen maker Thien Long Group reported profits of VND240 billion ($10.4 million) for 2020, the lowest in four years. Read more »

Steelmaker Hoa Sen to buy back 22 million shares

Major steelmaker Hoa Sen plans to buy back 22 million shares, equivalent to 5 percent of its equity, and held them as treasury shares. Read more »

$2.5 billion Japanese AI startup taps Vietnam market

AI inside, a $2.5-billion Japanese artificial intelligence startup, has entered Vietnam through a partnership with a local company as part of its global expansion strategy. Read more »

Techcombank profits sharply up

Vietnam’s largest private lender, Techcombank, reported a 23 percent rise in pre-tax profit last year to VND15.8 trillion ($683.62 million). Read more »

Seafood processor Vinh Hoan buys 51 pct stake in snack company

Seafood processing company Vinh Hoan Corporation has bought a 51.29 percent stake in the Sa Giang Import Export Corporation. Read more »