PV Power rated “Positive” by Fitch Ratings Business

PV Power rated “Positive” by Fitch Ratings

Credit ratings agency Fitch Ratings has for the first time assigned the PetroVietnam Power Corporation (PV Power) a Long-Term Foreign-Currency Issuer Default Rating (IDR) of “BB” with a positive outlook.
Sabeco sees profit up 37.5 percent in Q1 Business

Sabeco sees profit up 37.5 percent in Q1

Vietnam's largest brewer Sai Gon Beer-Alcohol-Beverage JSC (Sabeco) earned 986 billion VND (42.6 million USD) in post-tax profit in the first quarter of this year, an increase of 37.5 percent compared to the same period in 2020.
Vietinbank eyes 16.8 trillion VND in pre-tax profit Business

Vietinbank eyes 16.8 trillion VND in pre-tax profit

Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) has set a goal of posting 16.8 trillion VND (728.1 million USD) in pre-tax profit this year, the bank’s annual general meeting on April 16 heard.
SeABank posts 2.3-fold surge in Q1 pre-tax profit Business

SeABank posts 2.3-fold surge in Q1 pre-tax profit

The Southeast Asia Commercial Joint Stock Bank (SeABank) earned pre-tax consolidated profit of 698.3 billion VND (nearly 30.4 million USD) in the first quarter of 2021, an increase of nearly 2.3-fold year-on-year.
IT, telecoms a bright spot amid COVID-19 Sci-Tech

IT, telecoms a bright spot amid COVID-19

The information technology (IT) and telecoms sector has emerged as a bright spot amid the COVID-19 pandemic as companies have quickly optimised opportunities to move ahead and develop sustainably.
Steelmaker posts 132.37 million USD in after-tax profit Business

Steelmaker posts 132.37 million USD in after-tax profit

Giant steelmaker Hoa Sen Group posted 747 billion VND (132.37 million USD) in after-tax profits in the first four months of the 2020-2021 fiscal year, from October 1, 2020 to January 31, 2021, fulfilling 49.8 percent of its target, it revealed on February 22.
Prospects for banking solid in 2021 Business

Prospects for banking solid in 2021

In a report on the prospects for the banking industry this year, analysts from the SSI Securities Corporation forecast that banking profits will bounce bank in 2021.
 Bao Viet’s 2020 after-tax profit up 28.5 percent Business

Bao Viet’s 2020 after-tax profit up 28.5 percent

Bao Viet Holdings and its affiliates reported positive growth last year with total turnover of 48.949 trillion VND (2.12 billion USD), up 9.1 percent year-on-year and surpassing the annual target by 8.9 percent.