Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) has posted positive business results in the first half of the year despite the COVID-19 pandemic.
The Vietnam Oil and Gas Group (PetroVietnam) reported that its pre-tax profit in the first six months of the year surpassed the plan by 165 percent and tripled from that in the same period last year, reaching 21.3 trillion VND (926 million USD).
The Technological and Commercial Joint Stock Bank (Techcombank) aims to become the leading bank not only in Vietnam but also in the Top 10 in ASEAN, with a market capitalisation of 20 billion USD in the next five years.
The Vietnam International Bank (VIB) targets posting a pre-tax profit of more than 7.5 trillion VND (324.18 million USD) in 2021, a year-on-year rise of 29 percent, the bank’s extraordinary shareholder’s meeting on March 24 heard.
Shareholders of Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) approved the bank’s financial statements for last year, a number of targets for this year, profit distribution plans and other important proposals at its annual general meeting held online on June 5.
The state-owned Vietnam Electricity (EVN) reported a profit of nearly 700 billion VND (30.29 million USD) from ít power generation and business activities in 2018, according to the MoIT.
The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) plans to collect 5.07 trillion VND (217 million USD) in pre-tax profits this year, an increase of 27 percent compared to 2018.
A Vietnam Report survey on the 500 most profitable companies in the country, which was announced this week, said most business insiders expect technology to remain the leader in attracting investment.
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