Companies

Vietnam's Dung Quat oil refinery reports multimillion-dollar losses in 1Q

Vietnamese fuel companies suffered multimillion-dollar losses in Q1 as oil prices plummeted due to the Covid-19 pandemic.

Petrolimex’s 1Q net loss at nearly $81mln from $51mln net income

Vietnam’s biggest petroleum retailer Petrolimex reported the biggest loss since it became a public company in 2017 due to sharp decline in gasoline prices, the company said in a consolidated earning report.

Vietjet Air reports 1Q loss at $42mln on coronavirus, beating expectation

Vietnam’s budget carrier said it recorded VND989 billion ($42 million) loss in the first quarter of this year due to coronavirus outbreak. However, the loss was lower than expected.

Vietnam’s gaming firm VNG’s 1Q net income slightly falls to $6.2 ...

Vietnam’s unicorn startup VNG corporation reported VND146 billion ($6.2 million) in net income in the first quarter of 2020, down from VND154 billion ($6.5 million) from a year earlier.

Ninja Van raises at least $274m in new funding

Ninja Van, a leading e-commerce logistics company in Southeast Asia, has raised at least US$274 million in new funding since its series C round in January 2018, its public filings show.

Tiki’s 2019 after-tax loss widens to $75.3mln from $32.3mln a year ...

Vietnamese major e-commerce platform Tiki’s 2019 after-tax loss deepened to VND1,76 trillion, about $43 million more than its previous year’s loss, VNG Corporation holding 24% stake in the retailer said.

Pandemic causes Q1 loss of $110 million, says Vietnam Airlines

Vietnam Airlines has reported a loss of over VND2.6 trillion ($110 million) in the first quarter, which is higher than its 2019 net profit.

Vinamilk’s 1Q profit almost unchanged at $118.4 million despite ...

Vietnam’s biggest dairy producer reported an after-tax profit in the first quarter of 2020 at VND2.77 trillion ($118.4 million), down 0.7% from a year earlier despite economic slowdown from coronavirus outbreak.

FLC Group reports $81 million after-tax loss in 1Q from $345,500 ...

FLC Group (HoSE: FLC) said it suffered 1Q after-tax loss at nearly VND1.9 trillion ($81 million) from VND8.1 billion ($345,500) from a year ago due to coronavirus.

Sabeco’s 1Q after-tax profit falls 44% to $30.6mln on virus, drunk-driving ...

Facing double whammy from coronavirus and drunk-driving law, Vietnam’s largest beer maker Sabeco reported after-tax profit at VND717 billion ($30.6 million), from VND1.29 trillion ($55 million) from a year earlier.

Masan’s 1Q revenue doubles to over $751 million on growing retail ...

Masan Group reported net revenue for the first quarter at VND17,632 billion ($751 million), up 116% from a year earlier, driven by high double-digit growth at retail arms Masan Consumer and VinCommerce.

Vietnam could miss one-million enterprise target in 2020

Number of enterprises in Vietnam could be lower than one million targeted earlier by the government since coronavirus outbreak has caused several to shut down and number of newly-established firms fell sharply.

Vietnam Airlines to Provide 2 Direct U.S. Flights for Americans

Vietnam Airlines will provide flights to San Francisco and Washington D.C. for Americans in early May, according to a posting on the website of the U.S. Embassy & Consulate in Vietnam.

FLCHomes to list share on Vietnam’s main stock exchange in June

FLCHomes, a subsidiary of FLC Group, plans to list shares on Ho Chi Minh City Stock Exchange in June, slower than schedule due to coronavirus, company’s leader told shareholders’ meeting on Tuesday.

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Companies

PetroVietnam's Jan.–April crude oil production reaches 7.2mln tons, beating target

Bamboo Airways raises charter capital to nearly $300 million

Ho Chi Minh City’s biggest state-owned firm targets 2020 profit at $158.5mln despite crisis