Vietnamplus

A volatile real estate market caused revenues and profits of realty businesses to decrease sharply in the fourth quarter of 2022.

Even though rubber export volume advanced by 6% year-on-year in the third quarter of 2022, according to calculations from the General Department of Customs, export value saw a decline of about 2% because of lower rubber prices.

A majority of credit institutions (CIs) are optimistic about their business performance in Q3 2022, the State Bank of Vietnam (SBV)’s latest survey on business trends of credit institutions showed.

Toyota Vietnam produced 16,629 vehicles in the first six months of this year, pushing its total number of manufactured vehicles so far to 621,051, the company reported.

Many banks have reported large profits of up to trillions of Vietnamese dong in the first quarter of 2022 thanks to high earnings from services and bancassurance as well as good control of provision costs.

The Binh Son Refining and Petrochemical JSC (BSR) posted over 2 trillion VND (over 87.44 million USD) in after-tax profit in the first quarter of 2022, up 8 percent year-on-year, surpassing the yearly target by 45 percent.

Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) has posted positive business results in the first half of the year despite the COVID-19 pandemic.

Vietnamese logistics enterprises reported outstanding business results in the first quarter of 2021.

Recently released financial reports show the earnings of securities companies were positive in the first quarter of 2021.

Bitel, a subsidiary of the Viettel Military Industry and Telecomes Group in Peru, reported that its total revenue reached 274.2 million USD and profit before tax of 24.5 million USD in the first nine months of this year.

The Binh Son Refining and Petrochemical Joint Stock Company (BSR) has enjoyed sound business results from the outset of the year, although its profit margin was affected by fluctuations in global oil prices.

The Vietnam Oil and Gas Group (PetroVietnam) earned 489.5 trillion VND (over 21 billion USD) in revenue in the first eight months of the year, exceeding the target by 19 percent although the average price of crude oil fell to 58.62 USD per barrel in August compared to the predicted price of 65 USD per barrel.

Positive business performance and the divestment of State capital from enterprises has helped firms in the water supply and drainage sector draw attention from investors.

Seafood shares advanced in the first half of the year as the freshly signed EU-Vietnam Free Trade Agreement (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have positive impacts on the business results of seafood exporters, according to insiders.

The Vietnam Oil and Gas Group (PVN) has announced it generated a total revenue of 365.5 trillion VND (15.8 billion USD) in the first half of this year, 18 percent higher than the six-month target and equivalent to 60 percent of the yearly goal.

PV Power, an subordinate company of the Vietnam Oil and Gas Group (PetroVietnam), reported positive business results in the first five months of this year despite difficulties the company faced in generating power.

Vietjet Aviation Joint Stock Company has announced its audited financial statements of 2018, which exceeded its annual plan.

Vietjet Air announced its business results in the second quarter of 2018 with the robust growth in core business activities, including air transport and ancillary revenue.

PetroVietnam Power Corporation (PV Power) recorded a consolidated net profit of 780 billion VND (34.2 million USD) in the first quarter, a growth of 30.6 percent against the same period of last year.

Samsung Electronics Vietnam marked its 10th anniversary at a ceremony held in the northern province of Bac Ninh on April 20.