Companies

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

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.

Vietjet agrees loan repayment delays with lenders

Vietjet Aviation VJC.HM has reached agreements with its lenders to delay repayments on loans it used to buy aircraft, the Vietnamese budget airline said on Thursday.

Coronavirus-hit Vietnam Airlines to sell stakes in Cambodia Angkor ...

Vietnam’s national flag carrier got approval from the government to sell its stakes in Cambodia Angkor Air since its business has been severely affected by the coronavirus pandemic.

Vietnam's cybersecurity firm BKAV to produce ventilators

Following Vietnamese private conglomerate Vingroup, BKAV, the country’s leading cybersecurity firm has announced to produce ventilators to fight against the new coronavirus has killed 103,000 lives as of Saturday.

Vietnam’s automaker THACO to export semi-trailers to US market

Truong Hai Auto Corporation, known as THACO, is scheduled to ship its semi-trailers to the US this May despite the global coronavirus pandemic.

How new technology is transforming Vietnam's economy

In 1975, Vietnam emerged from its 20-year-long war as one of the poorest nations in the world. Now, Vietnam is now undergoing another transformation -- thanks to technology.

Thai group Srithai Superware eyes Vietnam expansion

Thai group Srithai Superware is prepared to spend THB450 million, equivalent to $13.64 million, on expanding into Vietnam during this year, Bangkok Post cited company's president Sanan Angubolkul.

Vietnam Airlines requires $511mln Govt assistance to overcome coronavirus ...

In order to remain solvent for the remainder of the year, Vietnam Airlines needs VND12 trillion from the State beginning from April, according to the Committee for State Capital Management at Enterprises.

Vietnam’s State energy firm’s 1Q profit falls 51% from a year earlier

Vietnam Oil & Gas Group expects after-tax profit decrease by 51% in first quarter due to the oil price war and coronavirus pandemic, the oil firm said in its consolidated earning report.

Vietnam's State-owned Dung Quat refinery mulls production stoppage

Vietnam’s Dung Quat Oil Refinery might have to suspend production as inventory piles with low fuel demand, its operator says.

Vingroup earns $361.5mln from selling retail arm's shares to Masan

Vietnamese conglomerate Vingroup said it collected VND8,5 trillion ($361 million) from selling 64.3% stakes or 414 million shares of VCM Services and Trading Development to Masan group.

Vietnam Airlines to lose $2.12 bln in revenue, cut staff this year

Coronavirus wiped more than $2 billion off Vietnam Airlines's revenue.

Jacco van der Linden to replace Dolf as Heineken’s Asia-Pacific regional ...

Heineken announced large changes to its management team, bumping up key personnel in Vietnam and the larger region, with the appointments of new leaders for Asia-Pacific region and Vietnam.

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Companies

Retail, restaurant chains ask government for financial support

Vietcombank post-tax profit drops 11 percent in first quarter

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