Vietnamplus

Military-run telecom group Viettel posted revenue of 144 trillion VND (6.4 billion USD ) and pre-tax profit of some 25 trillion VND in the first eight months of the year.

PVI Holdings continued to maintain its top position in the field of non-life insurance with revenue hitting 4.17 trillion VND (187.65 million USD) in the first half of 2016.

The rate of non-performing loans at the Vietnam Technological and Commercial Joint Stock Bank (Techcombank) dropped to 1.67 percent at the end of 2015, from 2.38 percent a year earlier.

The Vietnam Dairy Products Joint Stock Company (Vinamilk) posted an after-tax profit of nearly 7.8 trillion VND (350 million USD) last year, an increase of 28 percent year-on-year.

Telecom firm FPT Corporation (FPT) announced revenue of more than 40 trillion VND (1.79 billion USD) in 2015, a year-on-year increase of 14 percent.

Finland's PYN Elite Fund (Non-Ucits) this week bought more than 3.66 million shares of Duc Long Gia Lai Group JSC (DLG), increasing its holding to over 17.2 shares, a 10.18 percent stake.

Prime Minister Nguyen Tan Dung has told Vietnam National Shipping Lines to divest entirely from nine seaports and companies and retain 20 percent in Hai Phong and Sai Gon seaports.

The Hai Phong Port Joint Stock Company said it aims to handle 35 million tonnes of goods in 2016, an 8.7-percent growth from 2015.

The Ho Chi Minh City People’s Court on December 21 handed down sentences to nine defendants related to a financial loss case at a branch of the State-owned Bank for Agriculture and Rural Development.

Vietnamese shares rebounded on October 22, boosted higher by real estate firms as investors eyed solid third-quarter earnings prospects of these companies.

High credit growth has helped many commercial banks to gain impressive profits this year despite having to provide a larger amount for provisional fund.

The Bank for Investment and Development of Vietnam's (BIDV) total assets rose 85 times from 8.7 trillion VND (399 million USD) in 1995 to 730 trillion VND (33.4 billion USD) in 2015.