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ACB profit flat as expenses, bad debt provision jump

ACB profit flat as expenses, bad debt provision jump

Asia Commercial Joint Stock Bank said reported flat profits of VND2.6 trillion ($114.09 million) for Q3, as operating expenses and provision for bad debts rose sharply.
Medical firm profit jumps thanks to anti-Covid products

Medical firm profit jumps thanks to anti-Covid products

Domesco's profits soared in Q3 on the back of new products like hand sanitizers and masks to protect against Covid-19 and distribution of imported biological drugs, including vaccines.
October 26, 2021 | 09:52 am GMT+7
Airbus names new general director for Vietnam

Airbus names new general director for Vietnam

Aircraft maker Airbus has appointed Hoang Tri Mai as its new general director for Vietnam.
October 25, 2021 | 07:00 pm GMT+7
MNC managers paycheck higher than domestic firms: survey

MNC managers paycheck higher than domestic firms: survey

Managers in Vietnamese enterprises receive 41 percent less salary than their counterparts in multinational companies (MNCs), according to a recent survey done by two human resource companies.
October 24, 2021 | 09:24 pm GMT+7
Companies report first, record-high losses in Q3

Companies report first, record-high losses in Q3

Many companies reported their first or highest quarterly losses in the third quarter as the fourth Covid-19 wave caused sales to plunge and costs to surge.
October 23, 2021 | 09:15 am GMT+7
Tire giant Casumina reports first quarterly loss

Tire giant Casumina reports first quarterly loss

Leading tire company Casumina reported a loss of VND28 billion ($1.23 million) in Q3 due to the high costs of housing workers and difficulty selling amid Covid-19.
October 23, 2021 | 08:15 am GMT+7
Techcombank profits soar nearly 60 pct

Techcombank profits soar nearly 60 pct

Vietnam’s top private lender, Techcombank, reported a 59.6 percent rise in pre-tax profits for the first nine months of 2021 to VND17.1 trillion ($737.1 million).
October 22, 2021 | 10:01 am GMT+7
Taxi firm Vinasun revenue plunges 10 times

Taxi firm Vinasun revenue plunges 10 times

Taxi firm Vinasun saw its revenue in the third quarter plunge 10 times to VND23 billion ($991,000) as the fourth Covid-19 wave wrecked the transport industry.
October 21, 2021 | 05:30 pm GMT+7
FPT profit rises by 20 pct

FPT profit rises by 20 pct

Driven by high growth in both domestic and foreign revenues from technology services, IT giant FPT reported a surge in profits for the first nine months of 2021.
October 21, 2021 | 05:00 pm GMT+7
Mercedes dealer reports record loss in Q3

Mercedes dealer reports record loss in Q3

Hang Xanh Motors Service JSC (Haxaco), a major Mercedes-Benz's dealer in Vietnam, reported a record loss, more than VND33 billion ($1.4 million) in Q3, due to social distancing orders.
October 18, 2021 | 04:06 pm GMT+7
Mien Tay Bus Station reports first loss

Mien Tay Bus Station reports first loss

HCMC's Mien Tay Bus Station JSC reported a loss of more than VND7.3 billion ($320,780) for the first time in Q3 due to the implementation of anti-pandemic measurers.
October 16, 2021 | 09:45 pm GMT+7
Mobile World, landlords in dispute over rent

Mobile World, landlords in dispute over rent

The relationship between Mobile World and its landlords is faltering as the company single-handedly reduced rent for months, blaming the Covid-19 pandemic, while leasers crying foul.
October 16, 2021 | 08:16 pm GMT+7
Vietnam carmaker Vinfast eyes start of US deliveries in late 2022, CEO says

Vietnam carmaker Vinfast eyes start of US deliveries in late 2022, CEO says

Vietnamese automaker Vinfast will begin taking pre-orders in the U.S. market for its VF e35 and e36 electric SUVs in the first half of 2022, global Chief Executive Michael Lohscheller said.
October 15, 2021 | 08:55 am GMT+7
Pawnshop chain F88 issues bonds worth $4.3 million

Pawnshop chain F88 issues bonds worth $4.3 million

Pawnshop chain F88 has issued bonds worth VND100 billion (over $4.3 million) with a coupon rate of 11.5 percent to fund expansion of shops and payment of salaries and bonuses.
October 14, 2021 | 12:00 pm GMT+7
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