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Jewelry firm PNJ reports 24 pct surge in profit

Jewelry firm PNJ reports 24 pct surge in profit

Phu Nhuan Jewelry Jsc posted its first trillion dong topping after-tax profit of VND1.19 trillion ($51.2 million) last year, up 24 percent year-on-year.
Hanoi Vodka producer reports fifth consecutive losing year

Hanoi Vodka producer reports fifth consecutive losing year

Alcohol giant Hanoi Liquor JSC (Halico) made a post-tax loss of VND64 billion ($2.76 million) in 2019, continuing a trend commenced in 2015.
January 17, 2020 | 04:40 pm GMT+7
Why Vingroup’s airline venture was grounded

Why Vingroup’s airline venture was grounded

Vietnam’s aviation market presents a stiff challenge, even for a conglomerate like Vingroup, which has decided discretion is the better part of valor.
January 17, 2020 | 08:12 am GMT+7
IFC provides $213 mln green loan to VPBank

IFC provides $213 mln green loan to VPBank

International Finance Corporation (IFC) will offer private VPBank a financing package of $212.5 million to assist small- and medium-enterprises as well as green projects.
January 16, 2020 | 03:00 pm GMT+7
Heineken refutes Vietnam taxman

Heineken refutes Vietnam taxman

Heineken Asia Pacific is claiming exemption from the VND917.2 billion ($39.7 million) it forked out to Vietnam tax authorities in recent deal.
January 15, 2020 | 06:12 pm GMT+7
IFC unloads VietinBank stake

IFC unloads VietinBank stake

World Bank’s International Finance Corp (IFC) has shed a 1.5 percent share in VietinBank following an earlier divestment.
January 14, 2020 | 03:29 pm GMT+7
Vingroup grounds aviation plans

Vingroup grounds aviation plans

Conglomerate Vingroup has withdrawn its proposal to establish Vinpearl Air, pulling out of the aviation market to focus on manufacturing.
January 14, 2020 | 02:32 pm GMT+7
Grab installs first female CEO for Vietnam operations

Grab installs first female CEO for Vietnam operations

Nguyen Thai Hai Van will commence her role as Vietnam CEO of Singapore-based ride-hailing giant Grab on February 1.
January 13, 2020 | 05:36 pm GMT+7
Heineken Vietnam pays $39.7 mln in back taxes, fines

Heineken Vietnam pays $39.7 mln in back taxes, fines

Heineken Vietnam Brewery has paid VND917.2 billion ($39.7 million) in back taxes and fines for a 2018 transaction.
January 13, 2020 | 04:23 pm GMT+7
HCMC Lottery Company profits soar

HCMC Lottery Company profits soar

The HCMC Lottery Company Ltd. made pretax profits of over VND1.3 trillion ($56.29 million) last year, up 13.7 percent from 2018. 
January 13, 2020 | 01:31 pm GMT+7
Petrovietnam profits drop despite revenue surge

Petrovietnam profits drop despite revenue surge

State-owned oil giant Petrovietnam saw consolidated pre-tax profits fall 13.4 percent year-on-year to VND43.8 trillion ($1.89 billion).
January 11, 2020 | 12:00 pm GMT+7
Mobile phone retailer Vien Thong A shuts up shop

Mobile phone retailer Vien Thong A shuts up shop

Vien Thong A, one of Vietnam’s earliest mobile phone retail chains, has shut all outlets after two decades of operation.
January 11, 2020 | 07:28 am GMT+7
Coca-Cola Vietnam fined for tax evasion

Coca-Cola Vietnam fined for tax evasion

Coca-Cola Vietnam has been ordered to pay VND821.4 billion ($35.4 million) in back taxes and penalties stretching back over nine years.
January 10, 2020 | 07:35 pm GMT+7
Bamboo Airways soars to $13 million profit

Bamboo Airways soars to $13 million profit

Bamboo Airways reported pre-tax profit of VND303 billion ($13 million) in 2019 after one year of flying. 
January 08, 2020 | 07:39 pm GMT+7
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