Category: Vietnam
Switzerland supports trade agreement between Vietnam and EFTA
The trade deal would create favourable conditions for greater cooperation in trade and investment between the two countries. Vietnam and Switzerland have agreed to accelerate [...]
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SSI shrugs off market volatility to achieve targets
SSI Securities Corporation achieved consolidated revenues of VND3.3 trillion (US$142.8 million) last year, or 112 per cent of the target it had set, and its pre-tax profit [...]
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ITL Corporation: being the national champion in logistics
In 2019, although the logistics industry has faced many challenges due to the impact of the world economic downturn, ITL has steadily overcome headwinds and become one of the [...]
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Techcombank makes pre-tax profit of VND12.8 trillion
The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) earned pre-tax profit of VND12.8 trillion (US$550.7 million) and revenue of VND21.1 trillion, marking [...]
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New foreign companies reshape Vietnam’s securities brokerage market share
The Vietnam’s stock brokerage market share has experienced big change due to the strong participation of foreign securities companies, especially of Korea-invested [...]
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Ride hailing market heats up, four CEOs resign
Four CEOs of ride-hailing firms had to leave in 2019. Go-Viet witnessed the biggest high-ranking personnel changes. In March 2019, Nguyen Vu Duc and Linh Nguyen resigned from [...]
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The highest bonus this year’s Tet reaches 3.5bil dong
According to the statistics of Ministry of Labour, War Invalids and Social Affairs, as of January 17, 40 out of 63 provinces and cities reported the salary and bonuses for [...]
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Yeah1 Group reports losses in 2019
Local media firm, Yeah1 Group (YEG), recorded a loss of VND158 billion (US$6.8 million) in the fourth quarter of last year, pushing 2019′s total losses to VND372 [...]
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Vietnam greenlights $120 million coastal road in northern province
Vietnam will spend VND2.79 trillion ($120.5 million) on building and upgrading a 65.8 km long coastal road in Nam Dinh Province. The plan, approved by deputy prime minister [...]
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High season begins, VND interbank interest rates soar
Due to seasonal factors, the short-term borrowing activities between banks sharply increased in the last week. In the week from January 13th to 17th, the dong interbank [...]
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Housekeeping acquires premium status as Lunar New Year nears
Housekeepers across major Vietnamese cities could bucket double or triple earnings amid sweeping Tet demand. Ngoc Anh had called several housekeeping services many times to [...]
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Sabeco reports record profits
Post-tax profits surged 22 percent year-on-year for Vietnam’s largest brewer Sabeco, reaching VND5.37 trillion ($231.96 million), its highest annual profit ever. The [...]
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Vietnamese currency under bigger pressure in 2020
After being relatively stable last year, the foreign exchange rate of the dong against the US dollar is forecast to be under greater pressure in 2020 due to both internal and [...]
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High demand for rare fruits in Mekong Delta
In the Cuu Long (Mekong) Delta, traders and consumers scour for unique fruits such as purple longan, red-flesh orange and jabuticaba and do not mind paying high prices for [...]
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Construction giant sees profits halved
Construction giant Coteccons has reported a 53 percent fall in post-tax profits last year, saying general difficulties in the industry have squeezed margins. The 2019 [...]
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