Hoa Phat reports highest-ever revenue, after-tax profit Business

Hoa Phat reports highest-ever revenue, after-tax profit

The industrial manufacturer Hoa Phat Group posted 24.9 trillion VND in revenue in the third quarter of this year, up 62.7 percent year on year, and after-tax profit of over 3.78 trillion VND, doubling the figure recorded in the same period last year, the highest result that the firm has made in a quarter.
VIB's pre-tax profit surges 52 percent in Q3 Business

VIB's pre-tax profit surges 52 percent in Q3

The Vietnam International Bank (VIB) posted pre-tax profit of over 1.66 trillion VND (72 million USD) in the third quarter of 2020, up 30 percent month-on-month and 52 percent year-on-year, according to its third quarter 2020 financial report published recently.
PV GAS’s reports post-tax profit of 259 mln USD in nine months  Business

PV GAS’s reports post-tax profit of 259 mln USD in nine months

PetroVietnam GAS Corporation JSC (PV GAS), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), raked in over 6 trillion VND (over 259 million USD) of post-tax profit in the first nine months of the year, exceeding the target set for the period by 27 percent.
Foreign ownership cap raised at Techcombank Business

Foreign ownership cap raised at Techcombank

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has decided to raise the foreign ownership cap from 22.4951 percent to 22.5076 percent of its charter capital.
Banks’ profit forecast to drop significantly in H2 Business

Banks’ profit forecast to drop significantly in H2

The pre-tax profit of the banking system in the second half of this year is estimated to fall 22.1 percent compared to the same period last year due to an increase in provisions for risky loans in the wake of the COVID-19 pandemic.
Vietinbank issues more 130mln USD worth of bonds this year Business

Vietinbank issues more 130mln USD worth of bonds this year

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) is selling 30 million bonds, worth 3 trillion VND (130 million USD), to the public in the tier-2 public offering this year which takes place from August 27 – September 24.
TP Bank to raise charter capital to 461 mln USD Business

TP Bank to raise charter capital to 461 mln USD

The board of directors at the Tien Phong Joint Stock Commercial Bank (TP Bank, Stock code TPB) has approved an increase to the bank’s charter capital this year of 2.15 trillion VND, bringing it to 10.71 trillion VND (461.1 million USD) from 8.56 trillion VND.
HD Bank’s profit up 31.5 pct. in H1 Business

HD Bank’s profit up 31.5 pct. in H1

The HCM City Development Joint Stock Commercial Bank (HD Bank) reported impressive results on August 3 for the first half of 2020, with pre-tax profit growing 31.5 percent year-on-year to over 2.9 trillion VND (124.3 million USD).
PTSC sees revenue up 13 percent in Q2 Business

PTSC sees revenue up 13 percent in Q2

PetroVietnam Technical Services Corporation (PTSC) announced revenue of 5.47 trillion VND (238 million USD) in the second quarter of this year, up 13.4 percent year-on-year.