Vietnamplus

A majority of credit institutions are optimistic about their business performance in 2022, according to the latest survey by the State Bank of Vietnam (SBV).

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.

Loc Troi Group (LTG) has announced that it completed the export of final batch of rice this year to Europe, including 4,170 tonnes of jasmine and white rice.

The Airports Corporation of Vietnam (ACV) posted a record loss of over 856 billion VND (37.3 million USD) in post-tax profit in the third quarter, blaming the poor performance on impacts of the COVID-19 pandemic.

Vinamilk, Vietnam’s largest dairy maker, posted a quarterly record-high revenue of over 16.2 trillion VND (706.57 million USD) in the third quarter of 2021, up 4.1 percent year-on-year.

Multiple banks recorded prosperous business results in the first nine months of 2021 despite the negative impacts caused by the COVID-19 pandemic, with some even exceeding business targets for the whole year.

Vietnam's leading industrial manufacturing group Hoa Phat recorded the highest ever after-tax profit in a quarter at 10.3 trillion VND (453 million USD) in the third quarter of this year, 2.7 times higher than the same period last year.

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) announced on October 20 that it had recorded a pre-tax profit of 17.1 trillion VND (753.5 million USD) in the first nine months of 2021, up 59.6 percent year-on-year.

Vietjet Aviation Joint Stock Company (HOSE: VJC) has released its half-year audited financial statements for 2021, which saw a bigger post-tax profit of the parent company over its compiled reports.

The Vietjet Aviation Joint Stock Company (HOSE: VJC) announced consolidated revenue and pre-tax profit of over 8.38 trillion VND (365 million USD) and 127 billion (5.53 million USD), respectively, in the first half of this year.

The Vietnam Oil and Gas Group (PetroVietnam) reported that its pre-tax profit in the first six months of the year surpassed the plan by 165 percent and tripled from that in the same period last year, reaching 21.3 trillion VND (926 million USD).

The Vietnam Dairy Products JSC – Vinamilk, the largest dairy company in Vietnam, posted a record high in net revenue of 15.71 trillion VND (682.57 million USD) in the second quarter of 2021, a year-on-year rise of 1.4 percent, according to its financial report.

Hoa Phat Group has reported that its revenue hit nearly 66.9 trillion VND (2.9 billion USD) in the first half of this year, up 67 percent annually.

The Vietnam Oil and Gas Group (PetroVietnam) posted 144.9 trillion VND (6.31 billion USD) in pre-tax profit during January-May, 2.3 times higher than the targeted number set for the period and tripling that of 2020.

The Government has approved a plan to invest an additional 6.977 trillion VND (303.2 million USD) in State capital in the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) so as to maintain the State’s ownership percentage at this bank.

The Ho Chi Minh Stock Exchange (HoSE) posted 553 billion VND (23.9 million USD) in 2020 after-tax profit, a record figure that grew 46 percent year on year.

Paper and packaging enterprises are optimistic about their prospects this year thanks to Vietnam's stable business situation.

Vietnam’s leading ceramic and tile producer Viglacera has set a target of posting 750 billion VND in pre-tax profit at its parent company this year and 1 trillion VND (43.27 million USD) in consolidated pre-tax profit, increases of 2 percent and 19 percent, respectively, against 2020.

VPBank recorded pre-tax profit of more than 4 trillion VND (173.2 million USD) in the first quarter of the year, an increase of 38 percent over the same period last year.

Techcombank has reported before-tax profit of 5.5 trillion VND (238.1 million USD) in the first quarter of the year, increasing 76.8 percent from the same period last year.