With few passengers, Hanoi train routes suffer losses

The National Banknote Printing Press has reported a VND11 billion ($475,000) H1 loss, down from VND60 billion ($2.6 million) in H1 2018 profit.

Vietnam’s coffee king says it will take several years to reverse damage caused to the business by his divorce.

Eleven of PetroVietnam’s 13 foreign oil and gas exploration and extraction projects are at risk of losing their investment.

The U.S.-China trade war resulted in billions of dollars of losses for both sides in 2018, hitting industries including autos, technology - and above all, agriculture.

Phuong Nam Culture Joint Stock Co. planned to sell its remaining 7.5 percent stake in Vietnam’s largest cinema chain, CGV.

The rapid growth of e-commerce in Vietnam has not translated into profits for leaving local brands, but they continue to get huge investment. 

Poor judgment and lack of experience in foreign markets have been blamed for the losses.

Dinh La Thang was chairman of PetroVietnam before his career took off as transport minister under PM Nguyen Tan Dung.

In the next decade, economic losses and health costs due to climate disasters are projected to reach at least $360 billion annually.

PetroVietnam does not expect to recoup its million-dollar investment in the business.

The Communist Party’s decision-making body has ordered the trade ministry to quickly end business ventures that are in the red.