Viettel posts 11.5 billion USD in 2020 revenue Business

Viettel posts 11.5 billion USD in 2020 revenue

The military-run telecommunication group Viettel posed revenue of over 264 trillion VND (11.48 billion USD) in 2020, up 4.4 percent against the previous year and exceeding its yearly plan by 2.4 percent.
EVN lauded for ensuring power supply Business

EVN lauded for ensuring power supply

Deputy Prime Minister Trinh Dinh Dung on January 12 lauded the Vietnam Electricity (EVN) for its efforts in ensuring electricity supply for socio-economic development, as well as daily activities.
PetroVietnam must continue as role model: PM Business

PetroVietnam must continue as role model: PM

Prime Minister Nguyen Xuan Phuc on January 11 said the Vietnam Oil and Gas Group (PetroVietnam) needs to remain a role model in expanding markets, optimising opportunities, connecting investment, and reviving growth, among other matters.
Vietnamese businesses set mixed targets Business

Vietnamese businesses set mixed targets

After performing well last year despite the COVID-19 pandemic, many companies have prepared new plans for 2021. While some firms, such as GELEX, have doubled their targeted profits, others which reported good results in 2020 have lowered their expectations.
FDI enterprises increase but more losses reported Business

FDI enterprises increase but more losses reported

The number of foreign direct investment (FDI) enterprises continues to increase in Vietnam, but more are reporting losses. The Ministry of Finance (MoF) said FDI firms' contributions were not yet commensurate with the preferential policies given to them.
Vietcombank’s bad debts lowest ever in 2020 Business

Vietcombank’s bad debts lowest ever in 2020

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) recorded a bad debt ratio of 0.6 percent last year, the lowest so far and in the sector, compared to 0.78 percent in 2019.
First hospital lists on HCM exchange Business

First hospital lists on HCM exchange

The Thai Nguyen International Hospital has become the first hospital listing on the Ho Chi Minh Stock Exchange (HoSE), with 41.5 million shares put up for sale on January 6.