TIẾNG VIỆT 
Smartphone retailer Mobile World expects 10 pct profit drop
Electronics retailer Mobile World expects its profits to fall 10 percent this year to VND3.45 trillion ($148 million) due to the coronavirus pandemic.
Companies
Agribank gets lawmakers’ support to add $150mln to charter capital
Vietnam’s legislators supported government’s proposal to increase state-owned Agribank’s charter capital by VND3.5 trillion ($150 million) during a National Assembly meeting on Wednesday afternoon.
LG Chem rides fast in Vietnamese battery market by powering two wheels
South Korea’s leading battery maker LG Chem Inc. finds money in Vietnam, a country of two wheels, by powering e-scooters that have been catching on fast.
MK Central Solar to build $696.5mln wind power plant in Ha Tinh province
MK Central Solar Power got approval to build VND16.2 trillion ($696.5 million) wind farm in Ky Anh district, Ha Tinh province.
- PVI Holdings seeks strategic shareholders for Hanoi Re to forge long-term growth 1
- FPT reports 11-month after-tax profit of VND6,027 billion, up 19% YoY 2
- Bain Capital to invest additional $50 million in Masan Group 3
- Vietnam retail giant Masan says investor tolerance for losses is fading 4
- Masan solves the tough problem of Vietnam's retail sector by using technology 5
- Vietnam Airlines shortens its road to recover 6
Most view
Korea's CJ CGV to divest 25% stake in Vietnam's real estate arm
The Korean movie theaters giant, CJ CGV will divest 25% stake in its real estate arm in Vietnam namely CJ Vietnam to improve finance structure hit by coronavirus pandemic, Businesskorea reported.
PVOIL targets 2020 after-tax profit at $16mln, plans to sell jet fuel
PetroVietnam Oil Corporation, which has targeted 2020 revenue at about $2.24 billion, down 35%, plans to sell jet fuel to serve the rising demand as new airlines seek permission to fly.
Vietnam’s KIDO and Vinamilk to form soft drink producer Vibev
Vietnam’s largest dairy producer Vinamilk and KIDO one of leading food & flavor companies in the country have signed an MOU on forming a beverage joint venture called Vibev, KIDO said.
PV Gas 5-month pre-tax profit seen at $193.5mln, completing 54% whole-year ...
PetroVietnam Gas Corporation, an arm of State energy firm Vietnam Oil & Gas Group, saw Jan.-May pre-tax profit at VND4.5 trillion ($193.5 million), beating the five-month target by 34%.
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Sacombank to resolve $473mln bad debt in 2020, profit projected to fall ...
Sacombank, which is striving to be among Vietnam's top ten banks three years from now, targets to resolve VND11 trillion ($473 million) bad debt in 2020, bank's leaders told online shareholders’ meeting.
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Telecom giant Viettel gets approval to establish subsidiaries in six ...
The Military Industry and Telecommunications Group (known as Viettel) got approval from the government to set up subsidiaries in the remaining six of the 10 countries where it operates without a subsidiary.
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Vietnam ministry rejects rumor of repurchasing Sabeco shares from ...
Vietnam has no intention to repurchase shares in the country’s largest beer maker Sabeco, Dau Tu newspaper cited Deputy Minister of Industry and Trade Do Thang Hai.
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Hoa Phat construction steel output reaches 1.26mln tons in five months, up ...
Hoa Phat reported sale out of 1.26 million tons of construction steel during the first five months of this year, an increase of 8.6% despite lockdown due to coronavirus outbreak.
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Coteccons accuses its largest shareholder Kusto of acquisition ...
Vietnam’s largest public construction firm accuses its Singapore-based shareholder Kustocem Pte. of attempting to complete the acquisition of the company by initiating the process to organize an Extraordinary General Shareholders’ Meeting.
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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.
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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.
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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.
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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.
