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Profits soar despite slow in bank credit growth

Profits soar despite slow in bank credit growth

VOV.VN - The banking sector is sending positive signals right from the get-go in 2019 as business outcomes of some commercial banks highlight noticeable growth in earnings.

Profitable FDI businesses pay low taxes

Profitable FDI businesses pay low taxes

VOV.VN - The foreign direct investment (FDI) sector contribute a modest amount to the State budget although they enjoy many incentives and earn high profits.

Cashew sector earns low profits in global value chain

Cashew sector earns low profits in global value chain

VOV.VN - Vietnam has been the world largest exporter of cashew nuts for the 13 consecutive years and also the world leading cashew processing hub and exporter over the last three years. Despite yielding impressive results, growers and businesses have brought in less than 40% profits in the global value chains.

Footwear businesses manage to conquer domestic market

Footwear businesses manage to conquer domestic market

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.

Banks report profits, experts worry

Banks report profits, experts worry

Numerous commercial banks have reported rising profits in the first half of 2017. However, experts have raised concerns over this growth.

VNSTEEL subsidiaries make profits

VNSTEEL subsidiaries make profits

Many subsidiaries of the Vietnam Steel Corporation (VNSTEEL) have recorded profits despite various difficulties in the first half of 2017.

Vietnamese drilling firm sees profits sink to record low in 2016

Vietnamese drilling firm sees profits sink to record low in 2016

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.

Farmers urged to plant corn, soybeans in lieu of rice

Farmers urged to plant corn, soybeans in lieu of rice

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.

Vingroup reports doubled sales and tripled profits

Vingroup reports doubled sales and tripled profits

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.

Hunting for pearls in Vietnam

Hunting for pearls in Vietnam

Big money has been poured into pearl projects in Vietnam, which has a long coastline of 3,600 kilometers, but profits have sometimes been unsatisfactory.