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Q3 2020
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European business confidence highest since Covid-19 outbreak in Vietnam
The third quarter Business Climate Index score of European firms in Vietnam reached its highest level since the Covid-19 outbreak at 57.5 points.
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
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.
November 01, 2020 | 10:19 am GMT+7
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
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 | 06:00 pm GMT+7
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 | 03:00 pm GMT+7
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 28, 2020 | 11:47 am GMT+7
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 | 05:36 pm 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
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 23, 2020 | 12:32 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
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 20, 2020 | 09:42 am GMT+7
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 17, 2020 | 08:00 am GMT+7
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 16, 2020 | 08:13 am GMT+7
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 08, 2020 | 02:29 pm GMT+7
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