Local banks earn high profits in Q1 Business

Local banks earn high profits in Q1

In the first quarter of this year, all local banks reported high profit growth amid the impact of the COVID-19 pandemic. However, the profit growth does not reflect the complete economic picture, according to banking insiders.
SeABank posts 2.3-fold surge in Q1 pre-tax profit Business

SeABank posts 2.3-fold surge in Q1 pre-tax profit

The Southeast Asia Commercial Joint Stock Bank (SeABank) earned pre-tax consolidated profit of 698.3 billion VND (nearly 30.4 million USD) in the first quarter of 2021, an increase of nearly 2.3-fold year-on-year.
US non-profit organisation thanks Vietjet Air for face masks Society

US non-profit organisation thanks Vietjet Air for face masks

Richard Warden, President and CEO of the non-profit humanitarian organisation Operation USA recently asked the US Embassy in Vietnam to deliver a thank-you letter to budget carrier Vietjet Air for its humanitarian effort in the fight against COVID-19.
IT, telecoms a bright spot amid COVID-19 Sci-Tech

IT, telecoms a bright spot amid COVID-19

The information technology (IT) and telecoms sector has emerged as a bright spot amid the COVID-19 pandemic as companies have quickly optimised opportunities to move ahead and develop sustainably.
Steelmaker posts 132.37 million USD in after-tax profit Business

Steelmaker posts 132.37 million USD in after-tax profit

Giant steelmaker Hoa Sen Group posted 747 billion VND (132.37 million USD) in after-tax profits in the first four months of the 2020-2021 fiscal year, from October 1, 2020 to January 31, 2021, fulfilling 49.8 percent of its target, it revealed on February 22.
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.
 Bao Viet’s 2020 after-tax profit up 28.5 percent Business

Bao Viet’s 2020 after-tax profit up 28.5 percent

Bao Viet Holdings and its affiliates reported positive growth last year with total turnover of 48.949 trillion VND (2.12 billion USD), up 9.1 percent year-on-year and surpassing the annual target by 8.9 percent.
BSR eyes 3.06 billion USD in revenue this year Business

BSR eyes 3.06 billion USD in revenue this year

Vietnam’s largest refining and petrochemical firm, Binh Son Refining and Petrochemical JSC (BSR), sets its sight on generating more than 70.66 trillion VND (3.06 billion USD) in revenue and around 864 billion VND in post-tax profit this year, according to a plan adopted by its Board of Directors on February 1.