Companies

In just 5 months, Dabaco beats 2020 whole-year profit target by 30%

Hanoi-based Dabaco Group has reported its highest ever five-month after-tax profit at nearly VND600 billion ($25.7 million), 30% higher than the yearly target, the company reported.

Agribank’s 2019 profit reported at about $600mln, up 92% from 2018

The lender ranked second in 2019 profit among Vietnam’s banking system with VND14 trillion ($600 million), just behind Vietcombank, according to the bank’s financial report.

FLC Group projects 2020 loss at $84mln on COVID-19 pandemic

FLC Group expects an after-tax loss at VND1,957 billion ($84 million) in 2020 since the company has been severely hit by coronavirus pandemic, according to documents prepared for annual shareholders’ meeting.

Coteccons Under Push for Extraordinary General Shareholders’ Meeting

Largest shareholder of Coteccons, one of Vietnam’s largest listed construction firm, has initiated the process to organise an extraordinary general shareholders’ meetings which stakeholders vote on changing the current Board of Directors.

Vietnam’s automaker THACO ships 36 semi-trailers to US

Vietnamese auto firm THACO shipped 36 semi-trailers manufactured in its plant in Chu Lai Open Economic Zone to the US, one of the world's most demanding markets for quality, the company said.

Vietnam Airlines offers two ATR-72s for 6-month wet lease for hard ...

Vietnam national flag carrier is seeking to wet lease a pair of ATRs in six months to earn hard money when the airline has resumed domestic flights while international operations remain curtailed.

Vietnam brewer Sabeco sees first signs of post-pandemic recovery

Sabeco, a unit of ThaiBev, said on Monday its business was beginning to regain momentum after suffering from the impact of the COVID-19 pandemic and tough local drink-driving laws earlier this year.

German technical adhesive tape maker Tesa to build $61mln plant in ...

Tesa SE, one of the world's leading manufacturers of technical adhesive tapes plans to enhance its presence in Asian market by investing in 55 million euro ($61 million) plant in Vietnam.

Thai Beverage says it has no intention to sell Sabeco stakes in ...

Thai Beverage rejected news reported that it is seeking a buyer for its stakes in Vietnam’s Sabeco, claiming recent articles published by certain news media in the country as entirely without merit.

VinFast test runs electric car for launch at US show

Automaker VinFast has tested its first electric car model in Hanoi with plans to introduce it in a U.S. auto show later this year.

Jewelry firm PNJ expects 30% profit drop in 2020 following $3.8mln loss in ...

Jewelry firm targets 2020 profit to fall 30% from 2019 to $35 million due to a $3.8 million loss in April when the country applied the social distancing campaign to fight coronavirus.

Wrongdoings in fertilizer plant expansion inflict $124 mln loss

The Government Inspectorate says many wrongdoings in a fertilizer plant expansion project of state-run chemical group Vinachem resulted in losses of over VND2.89 trillion ($124 million).

Japanese Tenma under investigation in Vietnam for alleged $215,000 ...

Vietnam is conducting an investigation following a report in Japan that a Japanese plastic company bribed Vietnamese officials 25 million yen ($215,000) to avoid tax, Finance Ministry said in Monday statement.

Former German Vice Chancellor lands another Vietnam assignment

Former German Vice Chancellor Philipp Rösler has been nominated an independent board member of a Vietnamese agricultural firm for the 2019-2024 term.

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Companies

Vietnam ministry rejects rumor of repurchasing Sabeco shares from ThaiBev

Hoa Phat construction steel output reaches 1.26mln tons in five months, up 9%

Coteccons accuses its largest shareholder Kusto of acquisition attempt