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Q3 2020

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Coteccons Q3 profit hits five-year low

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.
Vietjet posts $39.8 mln loss

Vietjet posts $39.8 mln loss

Budget airline Vietjet has recorded a loss of nearly VND925 billion ($39.83 million) in the first nine months due to pandemic-imposed flight restrictions.
October 31, 2020 | 07:19 pm PT
Vingroup profits up 42 pct

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 29, 2020 | 08:38 pm PT
PetroVietnam Oil posts $15.8 mln loss

PetroVietnam Oil posts $15.8 mln loss

PetroVietnam Oil (PV Oil) has posted a loss of VND367 billion ($15.8 million) in the first nine months due to Covid-19 impacts on global oil prices.
October 29, 2020 | 03:00 am PT
Vinhomes revenues more than double

Vinhomes revenues more than double

Property company Vinhomes reported Q3 revenues rose 2.4 times year-on-year to VND26.5 trillion ($1.14 billion) thanks to sales of thousands of units in three housing projects.
October 29, 2020 | 12:00 am PT
Listed firms return to profit growth

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 27, 2020 | 08:47 pm PT
Top private lender posts 20 pct profit growth

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 | 02:36 am PT
Banks maintain profit growth but bad debts rise

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 25, 2020 | 09:27 pm PT
Refinery operator turns profitable

Refinery operator turns profitable

Binh Son Refining and Petrochemical Jsc turned profitable in the third quarter after two consecutive quarterly losses thanks to rising oil prices.
October 22, 2020 | 09:32 pm PT
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.
October 21, 2020 | 06:03 pm PT
Condotel sales plummet

Condotel sales plummet

The number of condotels sold in the third quarter fell 99 percent year-on-year as demand continued to fall over legal uncertainties.
October 19, 2020 | 06:42 pm PT
Hanoi new apartment supply hits 5-year low

Hanoi new apartment supply hits 5-year low

Hanoi’s Q3 new apartment supply fell 60 percent year-on-year to a five-year low of 3,100 units as Covid-19 hampered new launches.
October 16, 2020 | 05:00 pm PT
Vietnamese buy fewer motorbikes amid pandemic

Vietnamese buy fewer motorbikes amid pandemic

Motorbike sales fell 17.4 percent year-on-year in the first nine months to 1.93 million units, according to the Vietnam Association of Motorcycle Manufacturers (VAMM).
October 15, 2020 | 05:13 pm PT
Southern industrial land rents surge

Southern industrial land rents surge

Rents in southern industrial parks have risen 20-30 percent year-on-year in the third quarter and occupancy rates are high as companies shift their production to Vietnam.
October 7, 2020 | 11:29 pm PT
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