The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) was named as the bank with the strongest balance sheet in Vietnam by The Asian Banker, a finance and banking magazine.
VOV.VN - Footwear and handbag businesses have prioritized exporting their products over selling them domestically as profits are higher overseas and government incentives make it a more attractive proposition.
All telecom operators in the country have reported big profits in the first nine months of this year.
Numerous commercial banks have reported rising profits in the first half of 2017. However, experts have raised concerns over this growth.
Many subsidiaries of the Vietnam Steel Corporation (VNSTEEL) have recorded profits despite various difficulties in the first half of 2017.
The Bibica Corporation, a leading confectionery firm in Vietnam, has set targets of VND1.4 trillion (US$61.5 million) in revenues and VND86.6 billion (US$3.8 million) in after-tax profits in 2017.
The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) will increase chartered capital to almost VND8.83 trillion (US$389 million) by issuing 56.7 million shares.
PetroVietnam Drilling and Well Services Corporation (PV Drilling) said the significant decrease of crude oil prices caused its revenue to fall sharply last year, leading to record-low after-tax profit of VND120 billion (US$5.26 million), down 14 times against 2015.
VOV.VN - Farmers in the central highland city of Da Lat have earned high profits from successfully growing some types of foreign fruit like Tamarillo tomato imported from Ecuador and Cara cara orange from Australia.
Vietcombank has set itself a target of 18 percent credit growth this year and pre-tax profit of VND9.2 trillion (over US$405 million).
The Vietnam – Russia oil and gas exploration joint venture Vietsovpetro has set its production targets for 2017.
Many banks have plans to expand employment this year as around 25.6% of banks said they had fallen short of staff by the end of last year, the Monetary Statistics and Forecasting Department of the State Bank of Vietnam revealed in a survey.
Speeding the equitisation of State-owned enterprises (SOEs) and development of the stock market is important to secure a Government policy to restructure businesses over the next five years, a finance official said.
Companies of the Thai billionaire Charoen Sirivadhanabhakdi are the only institutional investors to participate in the Vinamilk share sale this week at Ho Chi Minh Stock Exchange.
Experts have recommended that the Mekong Delta should expand “smart” rice cultivation to reduce production costs and increase profits.
VOV.VN - A group of ‘so called experts’ is encouraging farmers in Vietnam to plant crops such as corn and soybeans for use as animal feed in lieu of rice because it will increase gross revenue for the nation collectively.
Realty developer Vingroup (VIC) has announced consolidated sales of over VND15 trillion (US$671 million) in the first quarter of this year, a two-fold increase over the same period last year.
Automobile manufacturers complain that the Vietnamese market is too small, but they continue to make profits on the small market.
Farmers in the central province of Quang Ngai have been happy to see chili prices soaring over the past few days.
Viettel Global, a subsidiary of the military-run telecommunication group Viettel, aims to develop one or two new markets and attract 8.35 million new customers in 2016, raising its total subscribers in foreign markets to 25 million.