Petrolimex’s profit falls to five-year low Business

Petrolimex’s profit falls to five-year low

Vietnam’s largest petroleum retailer Petrolimex has reported that earned almost 1.27 trillion VND (55 million USD) in pre-tax profit in 2020, equivalent to 81 percent of this year’s target and down nearly 76 percent from 2019.
Vietnam to remain at centre of Asian supply chains: EIU Business

Vietnam to remain at centre of Asian supply chains: EIU

Vietnam will remain at the centre of Asian supply chains and one of the most competitive manufacturing locations in the Asia-Pacific region, said analysts at the Economist Intelligence Unit in a report on the country released on January 13.
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.
Thai Tourism Ministry gets companies input on COVID-19 remedies World

Thai Tourism Ministry gets companies input on COVID-19 remedies

Thailand’s Ministry of Tourism and Sports has gathered input from the tourism and hotel industries on potential measures to aid them in the current COVID-19 crisis, with loan deferments, utility discounts, and a tax deadline postponement among the measures to be proposed to the Prime Minister on January 12.
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.
HDBank named among best companies in Vietnam Business

HDBank named among best companies in Vietnam

HDBank was honoured along with other leading companies such as Vinamilk, Vingroup, CP Vietnam, and Vietnam National Petroleum Group as being among the Top 50 of Vietnam at the ceremony to announce the country’s 500 largest companies (VNR500) last week in Hanoi.
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.