Indonesia’s railway operator records 163.6 mln USD loss in September World

Indonesia’s railway operator records 163.6 mln USD loss in September

State-owned railway operator PT Kereta Api Indonesia (KAI) posted 2.4 trillion IDR (163.6 million USD) loss between January and September, a drastic turn-around from the 1.5 trillion IDR profit booked during the same time last year, as the COVID-19 pandemic continues to put pressure on travel demand.
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.
Vinamilk enjoys revenue growth in Q2 Business

Vinamilk enjoys revenue growth in Q2

The Vietnam Dairy Products JSC (Vinamilk) recorded over 15.49 trillion VND (670.16 million USD) in consolidated net revenue between April and June, up 9.5 percent from the first quarter and 6.1 percent from a year earlier.
Covid-19 severely impacts banking sector’s benefit growth Business

Covid-19 severely impacts banking sector’s benefit growth

According to the SSI Securities Corporation, if COVID-19 is controlled by the end of Q2, the banks' pre-tax profit will grow by 7.2 percent per year. However, if the epidemic ends at the end of the year instead, the growth will be 0.8 percent per year.
Dung Quat Oil Refinery processes 53 percent of crude oil Business

Dung Quat Oil Refinery processes 53 percent of crude oil

The crude distillation unit (CDU) at the Dung Quat Oil Refinery, located in the Dung Quat Economic Zone, Binh Son district, central Quang Ngai province, on February 10-13 processed 53 percent of imported crude oil for the first time.
Vietnam chairs meeting of ASEAN-IPR Governing Council ASEAN

Vietnam chairs meeting of ASEAN-IPR Governing Council

The 18th meeting of the Governing Council of the ASEAN Institute for Peace and Reconciliation (ASEAN IPR) took place in Jakarta, Indonesia, on January 21, the first during Vietnam’s ASEAN Chairmanship Year 2020.
Oil firm bags nearly 4.4 billion USD in 2019 Business

Oil firm bags nearly 4.4 billion USD in 2019

The Binh Son Refining and Petrochemical JSC (BSR), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), has reported gross revenue of 102.82 trillion VND (nearly 4.4 billion USD) in 2019.