Banks, especially State-owned banks, are expected to increase their capital significantly this year as they are allowed to retain profits or pay dividend in shares instead of cash as previously.
PetroVietnam Gas Corporation JSC (PVGas) earned VND17.5 trillion (US$743.4 million) of total revenue in the first quarter of the year.
Prime Minister Nguyen Xuan Phuc urged better coordination between the Commission for the Management of State Capital at Enterprises (CMSC) and ministries, sectors and corporations at a review conference of the CMSC on January 16.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) said it has reached the target of 1 billion USD in profit one year ahead of schedule.
Uniqlo considers Vietnam a key market which will help it access the Southeast Asian market. However, the strong development of Zara, H&M, Elise and Hnoss will challenge the global Japanese brand.
Viettel Global posted record pre-tax profit of 1.09 trillion VND (47 million USD) in the second quarter of this year.
Auchan has left the Vietnamese market. MM Mega Market and Big C have seen revenue decrease. But Aeon Mall and Lotte Mart continue to expand.
The Airports Corporation of Vietnam (ACV) has targeted earning 19.1 trillion VND (820 million USD) in revenue and 8.2 trillion VND (355 million USD) in pre-tax profit in 2019, representing year-on-year increases of 7 percent and 9 percent.
The Trang Tien ice cream is threatened by the rising popularity of milk tea and foreign confectionery.
Zara’s revenues zoomed to VND 1.7 trillion ($73 million) last year, six times the 2016 figure, thanks to the Vietnamese fondness for fast fashion.
Seeing the potential from a population of 96 million and the 2018 per capita GDP of 2,590 USD, Vietnamese banks are racing to develop retail markets.
Many banks have seen their employee efficiency increase significantly, with each member of staff earning them more than 1 billion VND (43,000 USD) in pre-tax profit on average last year.
The Vietnam National Shipping Lines (Vinalines) will open a logistics centre for container shipping on December 17 as part of moves to restructure the State-owned firm, according to Deputy Director General Do Thi Ngoc Trang.
Vietnam Dairy Products JSC (Vinamilk) is optimistic about its future development as the sector still has room to grow, the company’s general director Mai Kieu Lien told an investor meeting on November 6.
The Vietnam Dairy Products Joint Stock Company (Vinamilk) has reported its combined revenue rose 3.3% year-on-year in the third quarter of 2018 to VND13.73 trillion (around US$586.8 million).
The Vietjet Aviation Joint Stock Company (HOSE code: VJC) recorded a yearly revenue increase of 105% to more than VND12.71 trillion (US$544.28 million) in the third quarter of 2018.
The Bank for Investment and Development of Vietnam (BIDV)’s pre-tax profit increased by 30.6% year-on-year to VND7.2 trillion (US$305.45 million) in the first three quarters of 2018.
A majority of credit institutions expect business performance this year will be better than 2017, according to the latest survey conducted by the State Bank of Vietnam on business trend among credit institutions in September.
Germany-based Lufthansa Technik AG will provide maintenance services for the auxiliary power units (APUs) of national flag carrier Vietnam Airlines’ Airbus A350-900 fleet which are produced by Honeywell.
The Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank) has revised down many business targets for 2018, citing different reasons for this decision.