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Vietcombank profit plunges

Vietcombank profit plunges

The pretax profit of state-owned lender Vietcombank in the third quarter fell over 20 percent to VND4.9 trillion ($210.9 million) over pandemic impacts.
State-owned firms to see profits plunge courtesy of pandemic

State-owned firms to see profits plunge courtesy of pandemic

Pre-tax profits of 55 state-owned companies are set to decline by more than 45 percent this year due to Covid-19 impacts.
October 14, 2020 | 11:30 am GMT+7
State-owned enterprises’ profits decline: report

State-owned enterprises’ profits decline: report

Fifty three state-owned enterprises saw post-tax profits go down 11 percent year-on-year to VND52.2 trillion ($2.3 billion) last year, a Finance Ministry report says.
August 28, 2020 | 03:55 pm GMT+7
Top banks by profits switch places on pandemic fallout

Top banks by profits switch places on pandemic fallout

There has been a major reshuffle in profit rankings at the top of the banking industry due to the effects of the pandemic and provisioning for bad debts.
August 05, 2020 | 06:10 pm GMT+7
Covid-19 takes a toll on listed firms’ profits

Covid-19 takes a toll on listed firms’ profits

Listed companies’ second quarter profits fell on average by 14.4 percent year-on-year, with tourism and oil being the worst hit.
August 05, 2020 | 03:14 pm GMT+7
Why banks achieved strong profit growth despite Covid-19?

Why banks achieved strong profit growth despite Covid-19?

Banks have reported excellent figures in the second quarter by delaying provisioning for doubtful debts, which will eventually cut into their profits in future.
July 24, 2020 | 02:53 pm GMT+7
Vietcombank expects profits not to fall in H1

Vietcombank expects profits not to fall in H1

Vietcombank expects first-half profits to remain unchanged from the same period last year at VND11 trillion ($474 million).
June 27, 2020 | 11:23 am GMT+7
Airline catering firm sees profits plunge 90 pct

Airline catering firm sees profits plunge 90 pct

Noibai Catering Services (NCS) saw its post-tax profits fall 92.4 percent to VND1 billion ($42,400) as airlines cut flights during the Covid-19 pandemic.
April 23, 2020 | 01:00 pm GMT+7
Lending, insurance boost 2020 bank profits

Lending, insurance boost 2020 bank profits

Commercial banks could see their pretax profit grow by 22.5 percent this year with rising income from lending and insurance.
January 25, 2020 | 07:30 am GMT+7
Analysts’ forecasts mixed for listed firms’ profit growth

Analysts’ forecasts mixed for listed firms’ profit growth

Stock brokerages cannot agree on whether listed firms’ profit rate will rise or decline this year from 2019.
January 20, 2020 | 12:14 pm GMT+7
Major state-owned enterprises report fall in profits

Major state-owned enterprises report fall in profits

Nine teen major state-owned enterprises posted pre-tax profits of nearly 100 trillion $4.3 billion in 2019, marking a year-on-year drop of 10 percent. 
January 19, 2020 | 11:23 am GMT+7
Banks not to splurge on Tet bonuses despite surging profits

Banks not to splurge on Tet bonuses despite surging profits

Banks are likely to be conservative about paying Lunar New Year bonuses though many reported a big jump in profits last year.
January 16, 2020 | 11:25 am 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
VietinBank profits surge 83 pct

VietinBank profits surge 83 pct

VietinBank, Vietnam's third largest bank by asset, has reported an 83 percent increase in pre-tax profits to almost VND11.5 trillion ($495 million) in 2019.
January 08, 2020 | 01:33 pm GMT+7
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