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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.
Vietnam banks to continue making profits next year: experts
A pandemic induced slowdown in credit growth has not hurt commercial banks this year, and this will continue next year, too, experts say.
Vietcombank set for lower profit as lending slows
Vietcombank’s profits are set to decline for the first time since 2013 due to slower credit growth amid the Covid-19 pandemic, a brokerage forecast.
December 08, 2020 | 03:15 pm GMT+7
Listed firms return to profit growth
Listed companies have reported an average profit increase of 7.4 percent year-on-year in the third quarter, and said they are equivalent to pre-Covid levels.
October 28, 2020 | 11:47 am GMT+7
Top private lender posts 20 pct profit growth
Vietnam’s top private lender, Techcombank, saw pre-tax profits in the first nine months rise by over 20 percent year-on-year to VND10.7 trillion ($461.61 million).
October 26, 2020 | 05:36 pm GMT+7
Listed companies’ profit slump slows
Listed companies reported an average year-on-year fall in profits of 30.6 percent in the second quarter, compared to a drop of 58.5 percent in the first.
September 01, 2020 | 02:00 pm GMT+7
MobiFone profits plunge due to pandemic impacts
State-owned telecom company MobiFone saw first half pretax profits fall by 38 percent year-on-year to VND1.64 trillion ($71 million).
August 21, 2020 | 12:00 pm GMT+7
Viettel Global posts $34 mln profit
Viettel Global, a foreign investment unit of telecoms giant Viettel, saw H1 post-tax profit rise 4.3 percent year-on-year to VND779 billion ($34 million).
August 01, 2020 | 08:56 am GMT+7
Drunk driving laws, coronavirus leave brewer Sabeco groggy
With stringent drunk-driving regulations and the coronavirus impacting beer sales, Sabeco has lowered its revenue target for this year to VND23.8 trillion ($1 billion).
June 22, 2020 | 10:36 am GMT+7
Techcombank chairman points to customer selection for low-risk, high-returns model
Techcombank sustains its low-risk, high-returns business model by carefully identifying customers and not entering sectors it does not clearly understand, its chairman said.
June 21, 2020 | 02:57 pm GMT+7
Pork producers see profits skyrocket as prices rise on shortage
Pork producers said net profits rose by up to 17 times in the first quarter as a short supply caused prices to surge.
June 08, 2020 | 12:20 pm GMT+7
Sabeco profits hit seven-year low
Post-tax profit of Vietnam’s largest brewer Sabeco in the first quarter nearly halved year-on-year to less than VND720 billion ($31 million), the lowest since 2013.
May 01, 2020 | 11:38 am GMT+7
Mobile World profits surge 33 percent in 2019
Mobile World Investment Joint Stock Company, a major retailer of smartphones and electronics, has reported a 33 percent increase in profit after tax last year to over VND3.83 trillion ($165 million).
January 29, 2020 | 08:00 am GMT+7
Techcombank posts double digit growth in profits
Techcombank has reported a 20 percent year-on-year surge in 2019 consolidated pretax profits to more than VND12.8 trillion ($552.8 million).
January 22, 2020 | 09:41 pm GMT+7
85 pct of listed firms report Q3 profits
706 listed companies reported profits in the third quarter, with strong growth in the telecommunications, insurance and banking sectors.
November 11, 2019 | 08:05 pm GMT+7
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