Companies

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

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 Vietnam

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.

Hoa Phat’s steel output exceeds 5 million tonnes for the first time

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.

BIDV reports 2020 pre-tax profit at nearly $390 mln, beating assigned ...

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 to issue $346 mln in shares to support recovery

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.

Vietnam Airlines estimates $620 mln loss in 2020, lower than expected

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.

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Companies

Azelis acquires a majority stakes in MKVN Chemicals and Viet Chemi

Vietnam Top Coffee Shipper Intimex Plans to Offer 49% Stake

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