VEAM reports significant revenue slump Business

VEAM reports significant revenue slump

The Vietnam Engine and Agricultural Machinery Corporation (VEAM) saw revenue slump 18 percent year-on-year to reach 910 billion VND (39.3 million USD) in the third quarter of this year.
Top companies see profit slide in 9 months Business

Top companies see profit slide in 9 months

Forty of the largest companies by market capitalisation posted a 15 percent annual decline in total pre-tax profit, which fell to 162.8 trillion VND (7.02 billion USD) in January-September.
Vinamilk plans to import 1,200 milch cows from US in 2021 Business

Vinamilk plans to import 1,200 milch cows from US in 2021

Vinamilk, the largest dairy producer in Vietnam, recently imported 500 dairy cows from the US, and plans to buy additional 1,100-1,200 cows in 2021 for its dairy cow farm in the central province of Quang Ngai to boost the domestic supply of raw milk.
HDBank remains on high growth path in Q3 Business

HDBank remains on high growth path in Q3

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB) reported pre-tax profits of 3.61 trillion VND (155.5 million USD) for the first nine months of 2020, a year-on-year increase of 31.9 percent and equivalent to 107 percent of the target.
Real estate stocks await cash flow Business

Real estate stocks await cash flow

Domestic and foreign capital flow is expected to bolster real estate shares after the COVID-19 pandemic as many investors are paying attention to the industry.
Hoa Phat reports highest-ever revenue, after-tax profit Business

Hoa Phat reports highest-ever revenue, after-tax profit

The industrial manufacturer Hoa Phat Group posted 24.9 trillion VND in revenue in the third quarter of this year, up 62.7 percent year on year, and after-tax profit of over 3.78 trillion VND, doubling the figure recorded in the same period last year, the highest result that the firm has made in a quarter.
VIB's pre-tax profit surges 52 percent in Q3 Business

VIB's pre-tax profit surges 52 percent in Q3

The Vietnam International Bank (VIB) posted pre-tax profit of over 1.66 trillion VND (72 million USD) in the third quarter of 2020, up 30 percent month-on-month and 52 percent year-on-year, according to its third quarter 2020 financial report published recently.
PV GAS’s reports post-tax profit of 259 mln USD in nine months  Business

PV GAS’s reports post-tax profit of 259 mln USD in nine months

PetroVietnam GAS Corporation JSC (PV GAS), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), raked in over 6 trillion VND (over 259 million USD) of post-tax profit in the first nine months of the year, exceeding the target set for the period by 27 percent.