Foreign companies continue to lead efficiency stakes in Vietnam

Petrolimex, Vietnam’s biggest petroleum retailer, has reported an 8 percent year-on-year increase in pre-tax profits in the first 6 months.

Lottery firm Vietlott saw its net profits plunge 70 percent to VND64 billion ($2.8 million) in the first half of this year.

The Ho Chi Minh Stock Exchange’s pre-tax profits plummeted 48 percent year-on-year in the first six months to VND200 billion ($8.6 million).

The HCMC Lottery Company Ltd. made VND750 billion ($32 million) in pretax profits in the first half of 2019, up 27.55 percent year-on-year.

Real estate giant Vinhomes earned after-tax profit of VND8.46 trillion ($365 million) in the second quarter, up 102.9 percent year-on-year.

Sabeco reported second quarter post-tax profit of VND1.53 trillion ($66.03 million), the highest quarterly profit in three years.

Construction giant Coteccons reported a pre-tax profit of VND156 billion ($6.7 million) for the second quarter, a 71 percent decline year-on-year.

Vietcombank has made VND11.3 trillion ($488.36 million) in consolidated pre-tax profits in the first half of this year,  a year-on-year increase of 41 percent.

The Vietnam Airports Corporation (ACV) has reported increases in revenues and passenger numbers both on domestic and foreign routes this year.

Song Da Corporation has reported pre-tax profits of VND22.3 billion ($956,000) in 2018, its first year after being equitized.

Racked by an internal conflict, Trung Nguyen Group’s profit has declined continuously over the last three years.

While profit across the banking sector grew by an estimated 40 percent last year, VietinBank, LienVietPostBank and SaigonBank have reported steep declines. 

An Yen Bai company that makes votive paper tripled its net profit to VND34.3 billion ($1.48 million) last year.