With COVID-19 precluding travel, Vietravel reported a first-half loss of VND80 billion (US$3.4 million), down from a profit of VND30 billion in the year-ago period.
Measures to stimulate tourism demand were the focus of a conference held on October 22 by the People’s Committee of the northern coastal province of Quang Ninh.
Instead of the modest contribution made previously, the insurance business segment, or bancassurance (banks co-operate with insurers to sell insurance products), has now become the main source of income from service activities for many banks.
Saigon Petroleum Services JSC, which lost its biggest customer Heineken in 2016, has reported falling revenues for the 3rd straight year.
VOV.VN - Vietnam Electricity group reached VND9.076 trillion (US$390.26 million) in combined pre-tax profits during 2018, an annual rise of 11.4 per cent.
International fast food chains fighting to increase their Vietnam market share are challenged by consumers leaning towards healthier options.
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.
VOV.VN - Lazada has failed to hold its crown as the most visited ecommerce platform nationwide amid increasing competition in the domestic market.
Việt Nam National Petroleum Group (Petrolimex) will focus on divestments and restructuring in 2019, implementing unfinished tasks from last year, the company’s management board announced at its annual shareholders’ meeting last week.
VOV.VN - Retail sales of goods and services maintained their upward trend during the first four months of the year and scaled the record peak seen over the past four years.
Mergers and acquisitions are on the upswing in the crowded Vietnamese retail market, bolstered by local retailers expanding their presence amid fierce competition.
Shareholders in Saigon Beer-Alcohol-Beverage Corporation (Sabeco) have approved a plan to raise its dividend payment for 2018 from 35 to 50 percent.
The Binh Son Refining and Petrochemical Company (BSR), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam – PVN), grossed over 112 trillion VND (4.83 billion USD) in revenue in 2018 thanks to the production and sale of over 7 million tonnes of its products.
Can Tho city in the Mekong Delta hopes to boost tourism with a clutch of cultural and tourism events in the next three months, according to its Department of Culture, Sports and Tourism.
The National Oil and Gas Group (PetroVietnam) earned VND367.2 trillion (equivalent to US$16.5 billion) in revenues in the first ten months of 2016, 5% higher than the target set for the period and fulfilling 84% of its yearly goal.
Organisations dealing in production and business activities, with a charter or investment capital of more than VND10 billion (US$444,440), must pay a business fee of VND3 million per year.
The Prime Minister has asked ministries and agencies to initiate drastic and effective measures to ensure a balance in the State budget amid decreasing revenues and rising expenditure.
Nine foreign funds have acquired more than 4.4 million shares, or a combined stake of around 3%, in one of Vietnam's biggest mobile retailers - The Gioi Di Dong (Mobile World Group).
National flag carrier Vietnam Airlines earned an estimated consolidated revenue of more than VND19 trillion (US$851.3 million) in the first quarter of this year.
The Ministry of Finance has recommended the government should waive back taxes and related fines owed by businesses estimated at more than VND13 trillion (US$571.2 million), Tuoi Tre newspaper reported on February 29.