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profits
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Agribank profit drops due to pandemic
Pre-tax profit of Agribank, one of the ‘Big 4’ state-owned lenders, fell nearly 9 percent last year to VND12.87 trillion ($561.1 million).
Coteccons Q3 profit hits five-year low
Construction giant Coteccons saw post-tax profits plunge by half year-on-year to VND88 billion ($3.79 million) in the third quarter, the lowest quarterly figure since 2015.
Vingroup profits up 42 pct
Vingroup’s pre-tax profits rose nearly 42 percent year-on-year in the third quarter to VND3.6 trillion ($155 million) thanks to a surge in apartment and car sales.
October 30, 2020 | 11:38 am GMT+7
Banks maintain profit growth but bad debts rise
Most banks reported profit growth in the first nine months, but bad debts posted a double-digit rise due to the impacts of the Covid-19 pandemic.
October 26, 2020 | 12:27 pm GMT+7
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.
October 22, 2020 | 09:03 am GMT+7
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
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
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
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?
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 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
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
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
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
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
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