Vietnam Airlines is set to achieve a record pre-tax profit of VND7.32 trillion (US$287.7 million) in 2024, ending four years of losses, with revenue expected to reach VND114.7 trillion (US$4.5 billion), up 23% from last year.
The Vietnam National Petroleum Group (Petrolimex) aims to achieve a pre-tax profit of over VND3.2 trillion (US$139.1 million) this year, up 42% annually.
Despite oil price declines, the Vietnam Oil and Gas Group (Petrovietnam) posted VND18.2 trillion (US$775.5 million) in consolidated pre-tax profit in the first four months of 2023, surging 77% from its target for the period and equivalent to 52% of this year’s plan.
Vietnamese banking brands are riding high with a growth of 31.3% in brand value in 2023, according to Brand Finance Banking 500 Report.
Many banks reported negative results in securities trading and investment in 2022 due to the interest rate hike, the exchange rate uncertainty, the sharp decline of stock indices and the ‘freezing’ of the corporate bond market, cafef.vn reported.
The Vietnam Oil and Gas Group (PVN) recorded total revenue of VND931.2 trillion and pre-tax profit of over VND82.2 trillion (around US$3.5 billion), the highest in 61 years of the Vietnamese oil and gas industry’s history.
VIB has raised US$260 million in international syndicated loans from the Asian Development Bank (ADB), United Overseas Bank Limited (UOB) and nine Asian financial institutions.
Multiple banks recorded prosperous business results in the first nine months of 2021 despite the negative impact caused by the COVID-19 pandemic, with some even exceeding business targets for the whole year.
The Vietjet Aviation Joint Stock Company (HOSE: VJC) announced consolidated revenue and pre-tax profit of over VND8.38 trillion (US$365 million) and VND127 billion (US$5.53 million), respectively, in the first half of this year.
VOV.VN - The Vietnam Oil and Gas Group (PetroVietnam) raked in VND144.9 trillion, equivalent to US$6.31 billion, in pre-tax profits between January and May, 2.3 times higher compared to the expected figure for the period and triple that recorded during the same period from last year.