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.
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.
The world is entering into the digital era and this represents a “golden opportunity” for technology companies to grow further, according to FPT General Director Nguyen Van Khoa.
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.
The FLC Group Joint Stock Company hopes to record more than 15.25 trillion VND (661.44 million USD) in consolidated revenue this year, the shareholders’ meeting held in Hanoi on April 12 heard.
PetroVietnam Power Corporation (PV Power) reported a post-tax profit of 720 billion VND (over 31.2 million USD) the first quarter of 2021, surpassing the quarterly plan by 6 percent.
The Asia Commercial Joint Stock Bank (ACB) has set a growth target of over 10 percent in pre-tax profit to more than 10.6 trillion VND (461.5 million USD) this year.
The Technological and Commercial Joint Stock Bank (Techcombank) has set a target of posting consolidated pre-tax profit of 19.8 trillion VND (863.76 million USD) this year, a year-on-year surge of 25.3 percent.
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.
FLC Group Joint Stock Company expects to achieve more than 1.1 trillion VND (47.71 million USD) in pre-tax profit, and over 15 trillion VND in consolidated revenue this year, the group has said.
The Vietnam International Bank (VIB) targets posting a pre-tax profit of more than 7.5 trillion VND (324.18 million USD) in 2021, a year-on-year rise of 29 percent, the bank’s extraordinary shareholder’s meeting on March 24 heard.
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.
Social distancing and strict control at hospitals, and an economic recession due to COVID-19, resulted in lower sales of both prescription and non-prescription drugs. However, many companies still witnessed outstanding performance.
Food producer KIDO Group (KDC) has set a goal of reeling in revenue of 11.5 trillion VND (501.1 million USD) this year, of which pre-tax profit stands at 800 billion VND.
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.
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 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.
The Airports Corporation of Vietnam (ACV) posted a 80-percent slump in this year’s pre-tax profit, which stood at close to 2.09 trillion VND (90.67 million USD), due to travel restrictions induced by COVID-19.
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