Vietnam National Oil & Gas Group produced 11.47 million tons of crude oil in 2020, exceeding the whole-year goal by 8% despite pandemic, CEO Le Manh Hung told Friday conference in Hanoi.
Vietnam’s largest petroleum retailer Petrolimex (HoSE: PLX) sees VND1,268 billion ($55 million) in pre-tax profit in 2020, a reduction of nearly 76 percent from 2019, the company reported.
VietJet Aviation plans to expand its investment in new aircraft and technical facilities this year after reporting a small profit in 2020 despite the coronavirus pandemic, its chief executive officer said.
Dr. Emin Turan, CEO of Sanofi Vietnam & Cambodia, who praises Vietnam for staying disciplined in the battle against coronavirus, said the firm will expand manufacturing in the thriving market.
- Petrolimex 2020 pre-tax profit falls to five-year low at $55 mln on pandemic 1
- VietJet eyes aircraft purchases as it relies on vaccine rollouts to revive air travel 2
- Pandemic success motivates Sanofi to expand production in Vietnam 3
- World's largest brewer AB InBev gets greenlight to merge with SAB Beer in Vietnam 4
- Two more Vietnamese dairy producers licensed to export to China 5
- PVPower plans to sell entire stakes in 8 member companies 6
Anheuser-Busch InBev and SAB Beer announced their merger in Vietnam on January 12 following the approval of the Ministry of Industry and Trade, Vietnam News Agency reported.
Two more Vietnamese dairy producers have been granted with transaction codes for exporting products to China, said the Ministry of Industry and Trade’s Asia-Africa Market Department on January 11.
PetroVietnam Power Corporation has announced a divestment plan in several member units, including eight subsidiaries it want to sell entire stakes, according to a statement by the Board of Directors.
Vietcombank has targeted 2021 pre-tax profit at VND25,200 billion ($1.09 billion), up 12 percent from 2020, CEO Pham Quang Dung told a conference on business activities in 2021.
Hoang Anh Gia Lai Agricultural Joint Stock Company will sell three of its rubber and dairy subsidiaries to Thadi, a subsidiary of Truong Hai Auto Corporation.
Vietnam Airlines has got government’s approval for VND4 trillion ($173 million) refinancing loan with preferential rate at zero percent, Dau Tu Newspaper cited informtion from the government official letter.
Binh Son Refining and Petrochemical, targets $864 billion ($37.45 million) after-tax profit in 2021, parent company PetroVietnam said.
Hoa Phat Corporation’s December construction steel reached an output 329,000 tonnes, up 12 per cent over the same period, it said in a statement.
Joint Stock Commercial Bank for Investment and Development of Vietnam reported VND9,017 billion ($389.6 million) pre-tax profit in 2020 despite pandemic, the lender said in a statement posted on its website.
Vietnam Airlines said it would issue nearly $346 million worth of shares for existing stakeholders to boost its recovery from the impacts of the coronavirus pandemic and return to profitability by 2023.
National flag carrier reported a loss of VND14,445 billion ($620 million) in 2020, lower than expectation, company leaders told the extraordinary shareholder meeting held on Tuesday.
A consortium led by Singapore’s state investor GIC Pte is buying a stake in Vinmec, the medical unit of Vietnam’s largest conglomerate Vingroup , for over $200 million, Vingroup said on Monday.