Vietnamplus

Many banks have set high profit ambitions for this year due to rising credit demand and the grand march of continued economic recovery.

Multi-industry group FPT enjoyed high growth in revenue and pre-tax profit in the first two months of 2022 on account of the growing technology segment.

The United Nations Educational Scientific and Cultural Organisation (UNESCO) has just opened a non-profit online workshop for Vietnamese filmmakers, entitled ‘On The Reel Film Lab 2022’, from March 21 to 23.

Rubber is one of the industries posting good performance despite many sectors struggling due to the COVID-19 pandemic.

Vietnamese lenders are hoping for at least 20 – 30 percent growth in their earning this year in the light of the country’s promising economic outlook.

Masan (stock code: MSN) expects its consolidated net revenue to reach between 90 trillion VND and 110 trillion VND (3.9 billion USD and 4.7 billion USD) in 2022, representing a growth of 22 percent and 36 percent compared to 2021’s result of 74.2 trillion VND.

Vietnam has officially become the 99th member of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI).

Vietnam National Textile and Garment Group (Vinatex)’s post-tax profit in the last quarter of 2021 was nearly 500 billion VND (22.03 million USD), tripling the figure recorded in the same period of the previous year.

Vietnam’s leading steelmaker Hoa Phat Group recorded its highest ever after-tax profit of 34.5 trillion VND (1.5 billion USD) in 2021, 1.5 times higher than the previous year and surpass 92 percent of the whole year’s set target.

After increasing inventories at the beginning of 2021 to take advantage of price differences to maximise profits, the strategy has now hit steel producers hard as global steel prices plunged at the end of the year.

A young painter has released a book telling stories about water puppetry as well as the career of artisans and artists of this traditional art.

The Vietnam Maritime Corporation (VIMC) had great performance in 2021, earning around 3.75 trillion VND (165 million USD), according to Nguyen Canh Tinh, general director of the shipping giant.

A majority of credit institutions are optimistic about their business performance in 2022, according to the latest survey by the State Bank of Vietnam (SBV).

The Vietnam Oil and Gas Group (PetroVietnam) reported that it had met its revenue target in 2021 two months ahead of schedule, generating 620.2 trillion VND (over 27.1 billion USD), surpassing the yearly plan by 26.4 percent, and up 28 percent year-on-year.

Vietnam-Russia oil and gas joint venture Vietsovpetro has exceeded the production and financial targets for 2021 with profits for both sides was 282.5 million, or 73.2 percent higher than the set plan.

Loc Troi Group (LTG) has announced that it completed the export of final batch of rice this year to Europe, including 4,170 tonnes of jasmine and white rice.

Budget carrier Vietjet has recorded positive results in the first three quarters of 2021, with gross profit totaling 44.5 billion VND (1.93 million USD), according to its latest financial statement.

The Bao Viet Securities Company (BVSC) has just approved a resolution to increase its profit plan for 2021.

The Airports Corporation of Vietnam (ACV) posted a record loss of over 856 billion VND (37.3 million USD) in post-tax profit in the third quarter, blaming the poor performance on impacts of the COVID-19 pandemic.

Vinamilk, Vietnam’s largest dairy maker, posted a quarterly record-high revenue of over 16.2 trillion VND (706.57 million USD) in the third quarter of 2021, up 4.1 percent year-on-year.