Companies

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 pandemic

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 profit

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.

Vietnam's leading automaker Thaco reports revenue from agriculture

Auto firm Thaco has reported its first revenues from agriculture, in which it has invested hundreds of millions of dollars.

Retail, restaurant chains ask government for financial support

Twenty-one retail and food and beverage businesses have petitioned the government for tax breaks and discounts on electricity and water.

Vietcombank post-tax profit drops 11 percent in first quarter

Vietcombank’s first-quarter after-tax profit fell by 11 percent year-on-year to VND4.18 trillion ($ 176.7 million), according to the lender’s consolidated earning report.

Vietnam’s drug maker’s 1Q profit increases 26% on coronavirus ...

Hau Giang Pharmaceutical has reported a 12% increase in revenue and a 31% increase in profit in the first quarter due to an increase in sales amid coronavirus fears.

Binh Son Refinery reports almost $100mln loss in Q1 on virus, low oil ...

Binh Son Refinery and Petrochemical JSC, operator of Dung Quat Refinery, reported a loss of VND2,348 billion ($99.7 million) in first quarter on virus and oil price war, company said.

Covid-19 impact: More than 1,500 HCMC businesses dissolved

The first quarter saw a 54.5 percent year-on-year surge in the number of HCMC enterprises completing dissolution procedures.

48 49 50 51 52

Companies

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

Ninja Van raises at least $274m in new funding

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