Keyword: "profit"

Minister of Finance Nguyen Van Thang emphasised the importance of accelerating development efforts in 2025 to harness resources and fully exploit potential, aiming for sustainable economic breakthroughs.

Amid the surging wave of telecommunications and technology stocks on the Vietnamese stock market, Viettel Global Investment JSC (VGI) has emerged as a rising star, capturing significant attention as its stock price relentlessly climbs to record levels.

The Hanoi Railway Company Limited (Hanoi Metro), the operator of the Cat Linh – Ha Dong urban metro line, announced that in 2023, the company made a profit of over 13 billion VND (510,730 USD), nearly six times more than the previous year.

Sugar companies improved business operations and boosted earnings in 2023.

Investment and Industrial Development Corporation (Becamex) targets to earn a profit after tax of 2.26 trillion VND (95.8 million) this year, an increase of 32% compared to 2022, besides increasing charter capital to 20-30 trillion VND.

Airports in Vietnam served up to 45.5 million passengers in the first five months of this year, an increase of 37.8% compared to the same period last year, according to the Civil Aviation Authority of Vietnam (CAAV).

According to Indonesian State Enterprise Minister Erick Thohir, the total profit of 41 state-owned enterprises (SOEs) jumped 143% in 2022 to 303.7 trillion IDR (20 billion USD), led by banks making more money on their loan portfolios.

Vietjet Air saw an impressive recovery after the COVID-19 pandemic as it recorded a year-on-year rise of 175% in net revenue to 7.35 trillion VND (313.4 million USD), and earned profit of 902 billion VND in the last quarter of 2022.

The Vietnam – Russia oil and gas joint venture Vietsovpetro exploited over 3 million tonnes of oil and condensate gas at Block 09-1 in 2022, officially surpassing the two additional tasks assigned at the 54th Vietsovpetro Council meeting.

Most steel companies recorded gloomy business results in the third quarter of 2022, according to a recent report on the construction and building materials industry by VNDirect Securities Corporation.

Vietnam’s largest conglomerate Vingroup has released its consolidated financial statements for the third quarter of 2022, with a profit after tax of over 506.3 billion VND (2 million USD).

Plastic granule prices are expected to fall in the short term, a favourable circumstance that would drive plastic producers towards better profitability.

Retail investors have been pulling money out of the stock market so far this year, but will return soon, according to analysts.

Rising inflation will have a negative impact on consumer spending, and the earnings growth of retail businesses may not be as high as previously expected, SSI Securities Inc has forecast.

Credit ratings agency Fitch Ratings has assigned the PetroVietnam Power Corporation (PV Power) a Long-Term Foreign-Currency Issuer Default Rating (IDR) of “BB” with a positive outlook for the second consecutive year.

After strong growth in 2021, securities companies have set mixed earning targets this year.

Many banks have set high profit ambitions for this year due to rising credit demand and the grand march of continued economic recovery.

Vietnamese lenders are hoping for at least 20 – 30 percent growth in their earning this year in the light of the country’s promising economic outlook.

Vietnam’s leading steelmaker Hoa Phat Group recorded its highest ever after-tax profit of 34.5 trillion VND (1.5 billion USD) in 2021, 1.5 times higher than the previous year and surpass 92 percent of the whole year’s set target.

The Vietnam Oil and Gas Group (PetroVietnam) reported that it had met its revenue target in 2021 two months ahead of schedule, generating 620.2 trillion VND (over 27.1 billion USD), surpassing the yearly plan by 26.4 percent, and up 28 percent year-on-year.