Real estate giant DIC Corp notches biggest quarterly loss since listing
Development Investment Construction JSC (DIC Corp), among Vietnam’s top real estate developers, incurred a loss of VND117.2 billion ($4.62 million) in the first quarter of this year, marking its largest quarterly loss since floating shares in 2009.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
NSH Petro suffers second successive quarterly loss as Q1 revenue plunges 88%
Nam Song Hau Trading Investing Petroleum JSC, or NSH Petro - a major fuel supplier in Vietnam’s Mekong Delta region, incurred a net loss of VND24 billion ($942,730) in Q1 this year, a stark contrast to the VND199 billion profit recorded in the same period of 2023.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Chuong Duong Beverages at risk of being delisted due to prolonged losses
Chuong Duong Beverages Joint Stock Company, of which top brewer Sabeco holds a 62.06% stake, is at risk of being delisted after an unsuccessful business year with a record loss of VND119 billion ($4.83 million) in 2023.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Two Vinatea board members arrested for causing state asset losses
Dang Ngoc Cam and Nguyen Quoc Khanh, board members of Vietnam Tea Corporation JSC (Vinatea), have been detained for allegedly causing losses to state assets.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hard times for Vietnamese cement firms amidst 2023 industry decline
Many Vietnamese firms have struggled this year with both input and output pressures, incurring heavy losses and even having equity turn negative, said the Vietnam National Cement Association.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Green industrial parks in southern Vietnam post zero losses in Q3
Despite the ailing economy and increased prices and costs due to inflation, green and ecological industrial parks in southern Vietnam have still seen positive results, with no business reporting losses in the third quarter of 2023.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
State utility EVN’s losses may be included in retail electricity prices
Exchange rate differences and production and business losses at state utility Vietnam Electricity (EVN) will be included in average retail electricity prices, according to a new draft decision.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Leading contractor Hoa Binh Construction suffers second consecutive quarter loss
Hoa Binh Construction Group reported a net loss of more than VND440 billion ($18.75 million) in the first three months of 2023, marking its second quarter of loss in a row.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Airlines incurs accumulated loss of $1.45 bln
The national flag carrier Vietnam Airlines reported an accumulated loss of over VND34 trillion ($1.45 billion) by the end of 2022.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Airlines suffer losses amid rising fuel prices
Vietnamese airlines are suffering losses amounting to millions of US dollars each month due to a surge in fuel prices, according to the aviation authority.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Former machine maker VEAM chairman sentenced to 11 years in prison
Tran Ngoc Ha, former chairman of the Vietnam Engine and Agricultural Machinery Corporation (VEAM), was sentenced to 11 years in prison on Tuesday for violating regulations on management and use of state assets.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietjet the only profit-making Vietnamese airline
Vietjet Air was the only Vietnamese carrier that reported profits in 2021, while its rivals Vietnam Airlines and Bamboo Airways both recorded losses of tens of millions of US dollars.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Expressway builder VEC’s former head arrested
Mai Tuan Anh, former chairman and general director of state-run Vietnam Expressway Corporation, and six others were arrested on Tuesday in an investigation case related to the Danang - Quang Ngai expressway project.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
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