Vietnamplus

Commercial banks will hold annual general meetings of shareholders (AGM) next quarter to map out production and business plans for 2023.

The State Capital Investment Corporation (SCIC) on January 10 reported that its after-tax profit in 2022 reached over 6.83 trillion VND (291.5 million USD), 91% higher than the yearly plan.

By the end of November, the Vietnam Oil and Gas Group (Petrovietnam) had completed all targets of finance and oil and gas exploitation and production in 2022 ahead of schedule, and set new records in revenue and pre-tax profit, according to its General Director Le Manh Hung.

The Vietjet Aviation JSC recorded a surge in its nine-month revenue, fulfilling 85% of the target set for this year, according to its third-quarter report.

Vietnam Travel and Marketing Transports JSC (Vietravel) is expected to collect 1 trillion VND (40.2 billion USD) in tourism revenue in the four quarter of this year, according to the company's Director General Tran Doan The Duy.

It is critical for State-owned enterprises (SOEs) to strengthen innovations as Vietnam has set the target of having at least 25 SOEs with a market capitalisation of 1 billion USD and more.

Sacombank has been named among the country’s 50 best profitable companies in 2022 for a sixth consecutive year in the annual list compiled by Vietnam Report Joint Stock Company and VietnamNet.

The Petrovietnam Fertiliser and Chemicals Corporation (PVFCCo) enjoyed a revenue of nearly 15 trillion VND (627.7 million USD) and a pre-tax profit of 5.3 trillion VND in the first nine months of this year, two-fold and three-fold increases respectively over those of the same period las year.

The Petrovietnam Gas Joint Stock Corporation (PV GAS) posted a pre-tax profit of 14 trillion VND (nearly 590 million USD) in the first three quarters of 2022, up 61.8% year-on-year.

The SSI Securities Corporation reported an after-tax profit of 416 billion VND (17.7 million USD) on revenue of 1.58 trillion VND (67.3 million USD) in the second quarter of the year, a year-on-year decrease of 26% and 8%, respectively.

A majority of credit institutions (CIs) are optimistic about their business performance in Q3 2022, the State Bank of Vietnam (SBV)’s latest survey on business trends of credit institutions showed.

PetroVietnam Power Corporation (PV Power) reported a post-tax profit of 1.159 trillion VND (over 49.56 million USD) in the first six months of 2022, surpassing the target set for the entire year by 56%.

The Petrovietnam Gas Joint Stock Corporation (PV GAS) posted an after-tax profit of nearly 7 trillion VND (300 million USD) in the first six months of 2022, up 87% compared to the target and 59% year-on-year.

As the aviation and tourism industries have bounced back strongly, the Vietjet Aviation Joint Stock Company kicked off 2022 with great performance, posting a year-on-year surge of 113 percent in pre-tax profit in the first quarter.

The after-tax profit of the PetroVietnam Camau Fertiliser Joint Stock Company (PVCFC) in the first quarter of 2022 hit 1.51 trillion VND (65.73 million USD), representing a 10-fold rise from the same period last year, according to the company’s business report.

Many banks have reported large profits of up to trillions of Vietnamese dong in the first quarter of 2022 thanks to high earnings from services and bancassurance as well as good control of provision costs.

Multi-industry group FPT enjoyed high growth in revenue and pre-tax profit in Q1 on account of the growing technology segment.

The Binh Son Refining and Petrochemical JSC (BSR) posted over 2 trillion VND (over 87.44 million USD) in after-tax profit in the first quarter of 2022, up 8 percent year-on-year, surpassing the yearly target by 45 percent.

Vietjet Aviation Joint Stock Company (HoSE: VJC) has released its financial statements for the fourth quarter of 2021, reporting a consolidated after-tax profit of 100 billion VND (approx. 4.4 million USD) which saw an increase of 46 percent from the previous year.

Multi-industry group FPT enjoyed high growth in revenue and pre-tax profit in the first two months of 2022 on account of the growing technology segment.