Prudential achieves solid growth in 2020 Business

Prudential achieves solid growth in 2020

Prudential Vietnam reaffirmed a year of sustainable growth and enhancements in its business operations in 2020, while continuing to prioritise the health and wealth of customers and contribute to the country’s economic development.
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.
FPT earns 228.3 million USD in pre-tax profit last year Business

FPT earns 228.3 million USD in pre-tax profit last year

FPT Corporation achieved pre-tax profit of 5.26 trillion VND (228.3 million USD) on revenues of 29.83 trillion (1.29 billion USD) last year, a year-on-year increase of 12.8 percent and 7.6 percent, mainly driven by the digital transformation, overseas IT services and telecom.
SSI announces outstanding 2020 results Business

SSI announces outstanding 2020 results

SSI Securities Corporation reported strong growth last year, with pre-tax profits growing by 54.4 percent to nearly 1.56 trillion VND (67.57 million USD) and income by 43.4 percent to 4.528 trillion VND (195.5 million USD).
Top companies see profit slide in 9 months Business

Top companies see profit slide in 9 months

Forty of the largest companies by market capitalisation posted a 15 percent annual decline in total pre-tax profit, which fell to 162.8 trillion VND (7.02 billion USD) in January-September.
HDBank remains on high growth path in Q3 Business

HDBank remains on high growth path in Q3

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB) reported pre-tax profits of 3.61 trillion VND (155.5 million USD) for the first nine months of 2020, a year-on-year increase of 31.9 percent and equivalent to 107 percent of the target.
Banks forecast strong performance despite credit slowdown Business

Banks forecast strong performance despite credit slowdown

Most domestic credit institutions and foreign banks’ branches in Vietnam expect their business performance in 2019 to be better than last year despite the predicted slowdown in credit growth, according to the State Bank of Vietnam's latest survey released late last week.
OCB reports 1.12 trillion VND in pre-tax profits in H1 Business

OCB reports 1.12 trillion VND in pre-tax profits in H1

The Orient Commercial Joint Stock Bank (OCB) earned almost 1.12 trillion VND (48.22 million USD) in pre-tax profits in the first half of 2019, with net revenue from business operation reaching over 2.74 billion VND, equivalent to 106 percent of the result in the same time last year.
Vietcombank leads in first-half pre-tax profits Business

Vietcombank leads in first-half pre-tax profits

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) posted the highest pre-tax profits among Vietnamese banks in the first six months of 2019, raking in more than 11.04 trillion VND (474.7 million USD), up 43.1 percent on-year.
Free trade deals push seafood shares up Business

Free trade deals push seafood shares up

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.