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Vietjet eyes 10-fold jump in profits amid return to post-pandemic normalcy

Vietjet eyes 10-fold jump in profits amid return to post-pandemic normalcy

Budget airline Vietjet targets profits of VND1 trillion (US$43.14 million) this year, 10 times the 2021 figure, as it seeks to recover from a two-year slump caused by Covid-19.
Taxi firm Mai Linh remains in the red

Taxi firm Mai Linh remains in the red

Taxi operator Mai Linh reported a loss of VND271 billion ($11.68 million) in 2021, its fourth consecutive annual loss, as Covid-19 continued to wreck the industry.
May 25, 2022 | 07:28 pm PT
Vingroup sales, profits plunge

Vingroup sales, profits plunge

Conglomerate Vingroup’s revenues plunged by 22 percent year-on-year in the first quarter to VND18.23 trillion ($793.59 million).
May 3, 2022 | 11:35 pm PT
Vinhomes to see first profit decline in 4 years

Vinhomes to see first profit decline in 4 years

Real estate giant Vinhomes has cut its profit target for this year by 23 percent from last year to VND30 trillion ($1.31 billion).
April 22, 2022 | 12:48 am PT
TPBank eyes 36-percent hike in profits

TPBank eyes 36-percent hike in profits

Private lender TPBank expects its pre-tax profits to top VND8.2 trillion ($358 million) this year, up 36 percent from 2021.
April 18, 2022 | 06:13 pm PT
Samsung forecasts Q1 operating profit up 50.3 pct year-on-year

Samsung forecasts Q1 operating profit up 50.3 pct year-on-year

Samsung Electronics expects operating profits for the first quarter to rise 50.3 percent, the South Korean tech giant said in a statement Thursday, despite global supply chain woes.
April 6, 2022 | 06:26 pm PT
Insurance companies see profits soar

Insurance companies see profits soar

The country’s top insurers have reported double-digit increases in profits thanks to growth in business and windfall income from financial activities.
March 18, 2022 | 08:00 pm PT
Vietravel reaps profit in Q4 after consecutive loss

Vietravel reaps profit in Q4 after consecutive loss

Tourism company Vietravel reported VND228 billion ($10 million) profit in Q4 of 2021, after four consecutive quarters of loss.
February 8, 2022 | 04:26 am PT
Real estate developer Novaland reports $153 mln profit for 2021

Real estate developer Novaland reports $153 mln profit for 2021

Novaland Real Estate Investment Group JSC reported consolidated revenues of VND14.97 trillion (US$660 million) last year and a net profit of VND3.46 trillion.
February 7, 2022 | 10:21 pm PT
Leading business conglomerate FLC sees profits plummet

Leading business conglomerate FLC sees profits plummet

The FLC conglomerate with real estate, aviation and other interests earned pre-tax profits of more than VND162.7 billion ($7.18 million) in 2021, down nearly 2.6 times year-on-year.
January 30, 2022 | 05:00 pm PT
Techcombank enters billion-dollar profit club

Techcombank enters billion-dollar profit club

Techcombank, the country’s largest private lender, reported a 47 percent rise in pre-tax profits last year to VND23.24 trillion ($1.03 billion) to join Vietcombank in the billion-dollar club.
January 24, 2022 | 11:02 pm PT
Mobile World posts 22 pct profit growth

Mobile World posts 22 pct profit growth

Electronics retail giant Mobile World posted a profit growth of 22 percent year-on-year in the first 11 months to VND4.39 trillion ($215.19 million).
December 21, 2021 | 12:21 am PT
Mobile World profits drop to near three-year low

Mobile World profits drop to near three-year low

Vietnam’s biggest electronics distributor Mobile World saw post-tax profit fall 17 percent year-on-year to VND786 billion ($34.28 million) in Q3, the lowest in 11 years.
October 30, 2021 | 05:00 pm PT
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.
October 25, 2021 | 11:20 pm PT
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