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Viettel profits grow despite pandemic

Viettel profits grow despite pandemic

Telecom giant Viettel managed to shrug off the effects of the Covid-19 pandemic and achieve its revenue and profit targets in 2020.
E-wallet Momo secures investments from foreign funds

E-wallet Momo secures investments from foreign funds

Momo has secured investments from three new foreign funds and existing shareholders in its fourth round of funding.
January 14, 2021 | 05:00 pm GMT+7
Vietcombank targets 12 pct profit growth

Vietcombank targets 12 pct profit growth

State-owned lender Vietcombank has announced credit growth and pre-tax profit targets of 12 percent and VND25.2 trillion ($1.09 billion) for 2021.
January 12, 2021 | 10:31 am GMT+7
HAGL Agrico to sell off three subsidiaries

HAGL Agrico to sell off three subsidiaries

Hoang Anh Gia Lai Agricultural Joint Stock Company will sell three of its rubber and dairy subsidiaries to Thadi, a subsidiary of Truong Hai Auto Corporation.
January 10, 2021 | 11:30 am GMT+7
Auto billionaire takes over agriculture firm HAGL Agrico

Auto billionaire takes over agriculture firm HAGL Agrico

Billionaire Tran Ba Duong has taken over as chairman of agriculture firm HAGL Agrico.
January 09, 2021 | 10:00 am GMT+7
BIDV profits down 16 pct

BIDV profits down 16 pct

The consolidated profit of BIDV, Vietnam’s largest state-owned lender by assets, declined by 16 percent in 2020 to VND9 trillion ($390 million), despite a year-end surge in lending.
January 09, 2021 | 09:00 am GMT+7
Once successful fitness studio goes belly-up

Once successful fitness studio goes belly-up

Fitness studio chain Lamita has announced the closure of all of its 16 centers after Covid-19 caused it to go bust.
January 08, 2021 | 08:51 am GMT+7
VietinBank reports record profit

VietinBank reports record profit

VietinBank, Vietnam’s third largest lender by assets, has reported a 40 percent increase in standalone profits in 2020 to VND16.5 trillion ($715 million).
January 07, 2021 | 12:05 pm GMT+7
Mekong Capital’s latest fund worth $246 mln

Mekong Capital’s latest fund worth $246 mln

Vietnam-based private equity firm Mekong Capital has raised a new fund worth $246 million, which it plans to invest mainly in consumer-driven businesses.
January 06, 2021 | 02:14 pm GMT+7
Four top Hoang Anh Gia Lai Agrico execs quit

Four top Hoang Anh Gia Lai Agrico execs quit

Four key executives of Hoang Anh Gia Lai Agrico have submitted their resignations ahead of an extraordinary general meeting scheduled for early January.
December 31, 2020 | 07:00 pm GMT+7
Vietnam Airlines gets new CEO

Vietnam Airlines gets new CEO

Vietnam Airlines deputy director Le Hong Ha will take over as the national carrier’s new CEO starting January 1, 2021.
December 30, 2020 | 08:50 pm GMT+7
HAGL to sell stake in agriculture subsidiary

HAGL to sell stake in agriculture subsidiary

The Hoang Anh Gia Lai Group will sell a 4.28 percent stake in subsidiary HAGL Agrico to restructure its debts.
December 30, 2020 | 09:30 am GMT+7
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
Covid-19 troubles push over 100,000 businesses to suspend operations

Covid-19 troubles push over 100,000 businesses to suspend operations

The Covid-19 pandemic’s severe impacts have seen as many as 101,700 businesses in Vietnam close up shop in 2020, up 13.9 percent year-on-year.
December 29, 2020 | 11:00 am GMT+7
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