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Banking industry breaks three-year profit growth streak

Banking industry breaks three-year profit growth streak

After three years of growing profits, the banking industry is reporting a decline this year, primarily due to bad debts and the economy's flagging ability to utilize capital.
Vietcombank makes biggest profit among lenders in Q3

Vietcombank makes biggest profit among lenders in Q3

Hanoi Railway Transport reports record profit

Hanoi Railway Transport reports record profit

Banks’ profits slide in Q3

Banks’ profits slide in Q3

Lenders BacABank and VPBank have reported a year-on-year decline in Q3 profits while others are forecast to be in the same trend amid rising bad debts and challenges in key operations.
October 17, 2023 | 03:29 pm PT
Vingroup profits double

Vingroup profits double

Conglomerate Vingroup said pre-tax profits doubled year-on-year in the first six months to VND7.94 trillion (US$337.82 million), its highest since listing on the stock market.
July 30, 2023 | 10:43 pm PT
Sabeco profits soar by 40%

Sabeco profits soar by 40%

Brewer Sabeco said its after-tax profit rose by 40% last year to VND5.5 trillion.
April 27, 2023 | 07:45 pm PT
Vincom Retail profits nearly triple in Q1

Vincom Retail profits nearly triple in Q1

Mall operator Vincom Retail has reported after-tax profits of VND1.02 trillion (US$43.4 million) for the first quarter, a 2.7-fold rise year-on-year, amid a recovery in consumption.
April 23, 2023 | 06:29 pm PT
Pizza 4Ps profits exceed pre-pandemic levels

Pizza 4Ps profits exceed pre-pandemic levels

Pizza 4Ps has reported after-tax profits of VND83.5 billion ($3.5 million) for last year, higher than in the pre-Covid period.
April 12, 2023 | 08:28 pm PT
Digiworld cuts profit target by nearly half

Digiworld cuts profit target by nearly half

Digiworld Joint Stock Company, an authorized reseller of Apple and Xiaomi, has cut its profit target for this year by almost half to VND400 billion (US$17 million).
March 30, 2023 | 07:14 pm PT
Blue chips' profits grow slowly in 2022

Blue chips' profits grow slowly in 2022

Blue-chip companies saw profit growth slow down last year amid difficulties faced by the manufacturing, retail and property sectors.
February 28, 2023 | 11:55 pm PT
Steelmaker Hoa Sen eyes smallest profit in 10 years

Steelmaker Hoa Sen eyes smallest profit in 10 years

Steelmaker Hoa Sen Group expects a modest after-tax profit of VND100 billion (US$4.2 million) to VND300 billion this year as a raft of potential pitfalls loom.
February 21, 2023 | 02:03 am PT
Vietnam Airlines' fuel distributor makes bigger profits

Vietnam Airlines' fuel distributor makes bigger profits

Vietnam Airlines’ fuel distribution subsidiary Skypec made estimated pre-tax profits of VND180 billion (US$7.6 million) last year, nearly 80% up from 2021.
February 19, 2023 | 03:27 pm PT
CGV Vietnam profit in 2022 half of pre-pandemic level

CGV Vietnam profit in 2022 half of pre-pandemic level

CGV Vietnam, the biggest cinema chain in Vietnam, reported an operating profit of more than KRW10 billion ($7.8 million) last year, half of the figure for 2019, before the Covid-19 pandemic.
February 15, 2023 | 03:47 pm PT
Big shipping firms report record profits

Big shipping firms report record profits

Three major shipping companies reported their highest ever profits last year even though freight charges fell by over 80% from their peak during the Covid outbreak.
February 6, 2023 | 05:00 am PT
IPPG Fashion profits skyrocket as demand for fashion items soars

IPPG Fashion profits skyrocket as demand for fashion items soars

IPPG Fashion, a subsidiary of Imex Pan Pacific Group, reported a 11-fold jump in pre-tax profits last year to VND432 billion (US$18.3 million).
February 3, 2023 | 07:45 pm PT
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