Tags: revenues

Bancassurance becomes main service earner for banks

Bancassurance becomes main service earner for banks

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.

Petrolimex focus on divestments and restructuring in 2019

Petrolimex focus on divestments and restructuring in 2019

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.

Retail sales hit four-year high

Retail sales hit four-year high

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.

Rearranging retail via M&A

Rearranging retail via M&A

Mergers and acquisitions are on the upswing in the crowded Vietnamese retail market, bolstered by local retailers expanding their presence amid fierce competition.

BSR refining, petrochemical firm rakes in 112 trillion VND in 2018

BSR refining, petrochemical firm rakes in 112 trillion VND in 2018

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 plans cultural events to draw tourists

Can Tho plans cultural events to draw tourists

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.

PetroVietnam’s 10-month profits surpass annual target

PetroVietnam’s 10-month profits surpass annual target

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.

Decree sets out business fee structure

Decree sets out business fee structure

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.

PM issues budget directive

PM issues budget directive

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.

Vietnam Airlines announces Q1 revenues

Vietnam Airlines announces Q1 revenues

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.