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Covid-19, floods make 2020 a bad year for railroad operator

Covid-19, floods make 2020 a bad year for railroad operator

The Covid-19 pandemic and central region floods have caused the Vietnam Railways Corporation’s revenues to plummet and are likely to saddle it with losses for 2020.
Vietnam Airlines set to perform better than expected

Vietnam Airlines set to perform better than expected

National carrier Vietnam Airlines expects 2020 losses of VND12 trillion ($521.11 million), about 17 percent lower than it had forecast in August.
December 30, 2020 | 07:30 am GMT+7
Vietjet posts $39.8 mln loss

Vietjet posts $39.8 mln loss

Budget airline Vietjet has recorded a loss of nearly VND925 billion ($39.83 million) in the first nine months due to pandemic-imposed flight restrictions.
November 01, 2020 | 10:19 am GMT+7
PetroVietnam Oil posts $15.8 mln loss

PetroVietnam Oil posts $15.8 mln loss

PetroVietnam Oil (PV Oil) has posted a loss of VND367 billion ($15.8 million) in the first nine months due to Covid-19 impacts on global oil prices.
October 29, 2020 | 06:00 pm GMT+7
12 ailing state-managed projects mired in $2.7 bln debt

12 ailing state-managed projects mired in $2.7 bln debt

Several state-owned companies have lost money and piled up over VND63.3 trillion ($2.73 billion) worth of debts as a result of poor execution of 12 factory construction and expansion works.
October 12, 2020 | 11:59 am GMT+7
Industrial park operators brace for profit plunge

Industrial park operators brace for profit plunge

Industrial park operators could see H2 post-tax profits fall 23 percent year-on-year to VND4.9 trillion ($211.4 million) over travel restrictions and land acquisition delays.
September 14, 2020 | 02:53 pm GMT+7
Real estate firms’ profits plummet on pandemic woes

Real estate firms’ profits plummet on pandemic woes

Property companies listed on the Hanoi Stock Exchange reported a 79.4 percent year-on-year fall in profits in the first half due to the Covid-19 outbreak.
August 24, 2020 | 12:24 pm GMT+7
Airports operator ACV posts first quarterly loss in four years

Airports operator ACV posts first quarterly loss in four years

The Airports Corporation of Vietnam has reported a net loss of VND356 billion ($15.46 million) in Q2, the first quarterly loss since 2016.
August 01, 2020 | 03:00 pm GMT+7
Casino operator RIC posts $2.3 mln loss

Casino operator RIC posts $2.3 mln loss

Royal International Corporation (RIC), which operates the largest casino in Quang Ninh Province, posted a loss of VND54 billion ($2.3 million) in the first half.
July 28, 2020 | 04:32 pm GMT+7
Fuel producer posts $181 mln loss

Fuel producer posts $181 mln loss

Binh Son Refining and Petrochemical Jsc has reported a loss of VND4.2 trillion ($181 million) in the first half due to lower fuel demand.
July 23, 2020 | 12:30 pm GMT+7
Vinasun posts biggest loss since establishment

Vinasun posts biggest loss since establishment

Taxi firm Vinasun announced a loss of VND111 billion ($4.8 million) in the second quarter this year, the biggest in its history.
July 21, 2020 | 05:00 pm GMT+7
Vinasun to post first annual loss in 12 years

Vinasun to post first annual loss in 12 years

Taxi firm Vinasun forecasts a loss of VND115 billion ($4.9 million) this year due to coronavirus impacts, the first annual loss since 2008.
June 19, 2020 | 05:32 pm GMT+7
Defunct ethanol plant losing millions of dollars a year

Defunct ethanol plant losing millions of dollars a year

Although it ceased operations seven years ago, the Binh Phuoc Ethanol Plant has been losing VND262 billion ($11.25 million) each year, auditors say.
May 08, 2020 | 06:48 am GMT+7
Stock market slumps as trading cools

Stock market slumps as trading cools

The VN-Index dropped 0.34 percent to 925.91 points Wednesday, with trading liquidity falling to pre Lunar New Year levels.
February 05, 2020 | 07:44 pm GMT+7
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