Companies

HSC reports 2020 after-tax profit at $23 mln, up 23% from 2019

Ho Chi Minh City Securities Corp. reported 2020 after-tax profit at VND530 billion ($23 million), up 23 percent year-on-year, beating target by 17 percent, the company said in a statement.

Azelis acquires a majority stakes in MKVN Chemicals and Viet Chemi

Azelis, a leading distributor of specialty chemicals and food ingredients, has increased its market presence in Vietnam by purchasing a majority stakes in MKVN Chemicals and Viet Chemi Trading and Service.

Vietnam Top Coffee Shipper Intimex Plans to Offer 49% Stake

Vietnam’s biggest coffee bean exporter Intimex Group plans to offer a 49% stake to foreign investors this year to expand its instant coffee factory, Chairman Do Ha Nam said.

VietJet eyes aircraft purchases as it relies on vaccine rollouts to revive air ...

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.

Petrolimex 2020 pre-tax profit falls to five-year low at $55 mln on ...

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.

World's largest brewer AB InBev gets greenlight to merge with SAB Beer in ...

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.

Pandemic success motivates Sanofi to expand production in Vietnam

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.

Two more Vietnamese dairy producers licensed to export to China

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.

PVPower plans to sell entire stakes in 8 member companies

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.

PetroVietnam reports 2020 oil production at 11.47 mln tons, beating target by ...

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.

Vietcombank targets 2021 pre-tax profit to increase 12%

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.

HAGL Agrico to sell off three subsidiaries

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 gets gov’t approval for $173 mln loan to weather COVID-19 ...

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 Refinery targets 2021 after-tax profit at $37.45 mln

Binh Son Refining and Petrochemical, targets $864 billion ($37.45 million) after-tax profit in 2021, parent company PetroVietnam said.

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Companies

Vietnam’s Vingroup in Talk to Buy LG Electronics’ Smartphone Business

Binh Son Refinery posts Q4 after-tax profit at $54 mln

Vietcombank’s 2020 after-tax profit slightly reduces to $802 mln