Urban infrastructure developer Phu My Hung reports $154 mln profit in 2022

Urban infrastructure developer Phu My Hung reports $154 mln profit in 2022

Taiwanese-backed Phu My Hung Development Corporation, a leading urban infrastructure developer in Vietnam, reported after-tax profit of VND3.62 trillion ($154 million) in 2022, up 40% year-on-year.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

ADB to invest $18 mln in Australis’ Vietnam aquaculture venture

ADB to invest $18 mln in Australis’ Vietnam aquaculture venture

The Asian Development Bank (ADB) has disclosed its strategic equity investment plan for Vietnam-based Australis Holdings, committing more than $15 million to finance the firm’s climate-smart barramundi and seaweed aquaculture project.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam Airlines shares face delisting risk

Vietnam Airlines shares face delisting risk

Vietnam Airlines shares may be delisted if its 2022 audited consolidated financial statement continues to record negative parent company profits or equity, the Ho Chi Minh City Stock Exchange (HoSE) said.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Techcombank first private bank to top VND100 trillion in equity

Techcombank first private bank to top VND100 trillion in equity

Techcombank, listed on the Ho Chi Minh Stock Exchange as TCB, has become the first private bank in Vietnam with equity exceeding VND100 trillion ($4.27 billion).

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Real estate majors issue bonds dozens of times higher than equity

Real estate majors issue bonds dozens of times higher than equity

Major real estate developers have issued bonds with proceeds dozens of times, even up to 47 times, higher than their equity, raising concerns about repayment risks in cases of market turbulence.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

FPT Retail debt hits record high

FPT Retail debt hits record high

FPT Retail’s profit rose nearly 20 times year-on-year in 2021, but its liabilities were 5.4 times more than equity, mainly short-term debt.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7