Masan delivers 39.5% core profit increase in 9 months
Masan Group, one of Vietnam’s leading private conglomerates, said Friday its January-September core profit after tax soared by 39.5% year-on-year to VND2,105 billion ($84.74 million).
Core profits are those derived from the primary business of a company.

Inside the Masan High-Tech Materials Company’s Nui Phao tungsten facility in Thai Nguyen province, northern Vietnam. Photo courtesy of Masan Group.
In its business report publicized the same day, the Ho Chi Minh City-based corporation said its consolidated EBITDA (earnings before interest, tax, depreciation and amortization) on a like-for-like basis grew by 7.9% year-on-year in the nine-month period to VND10,826 billion (over $436 million). The EBITDA margin reached 19.5% in the period versus 19.2% in the same period last year.
However, on a reported basis, this consolidated EBITDA was down 4.5% year-on-year, Masan said. Techcombank, the group’s associated banking company, contributed VND3,560 billion (nearly $143.4 million) in EBITDA in the nine months, up 23.4% year-on-year.
Based on its January-September performance and current momentum, on a like-for-like basis, Masan expects to deliver VND75,000-80,000 billion (up to $3.22 billion) in total revenues this year, and VND4,800-5,500 billion ($221.5 million) in net profit after tax pre-minority interests (NPAT Pre-MI).
“The updated estimates are lower than the group’s fiscal-year guidance at the beginning of the year, which has been impacted by weaker consumer sentiments and market conditions,” the report stressed.

Nguyen Dang Quang, chairman of Masan Group. Photo courtesy of the corporation.
Masan Group chairman Nguyen Dang Quang said, “With our scale and innovations, I believe our growth trajectory is only in its early phase.”
He explained that his group’s modern grocery stores now accounted for 50% of the nationwide network, which Masan is constantly innovating.
“Next up, we will launch a retail concept catered to rural consumers and unveil our membership program with the end goal of personalizing daily consumer offerings.”
Masan said in its business report Friday that it had closed a $600-million syndicated loan at a competitive interest rate of 6.5% per annum. The loan was oversubscribed by nearly 40 financial institutions. “This transaction highlights Masan’s strong credit profile and unique ability to raise capital at attractive terms, particularly during the current volatile global market conditions.”
Masan’s ecosystem includes integrated retail, agriculture, mining, consumer goods, banking and finance.
Masan Group will issue VND4 trillion ($161 million) worth of non-convertible, unwarranted and unsecured bonds to the public. The issuance, done in two parts of VND2 trillion each with a par value of VND100,000 ($4.03), has been approved by the group’s board of directors.
- Read More
US tariff unlikely to dent Vietnam’s long-term FDI appeal: broker
The U.S. tariff gap between Vietnamese goods and those from four other Southeast Asian countries would not erode Vietnam’s competitive edge in manufacturing and investment, said Hanoi-based Vietcombank Securities (VCBS).
Economy - Fri, August 8, 2025 | 12:24 pm GMT+7
Land clearance for Vietnam's North-South high-speed railway project to start on December 19
Prime Minister Pham Minh Chinh has requested localities to start land clearance en masse for the gigantic North-South high-speed railway project on December 19.
Economy - Fri, August 8, 2025 | 11:52 am GMT+7
Vietnam might launch pilot digital asset exchange in August
A digital asset exchange might be launched in August on a pilot basis, Deputy Minister of Finance Nguyen Duc Chi told a government press meeting on Thursday.
Finance - Fri, August 8, 2025 | 11:25 am GMT+7
Vietnam’s steel giant Hoa Sen spends $34 mln on land near Long Thanh airport for urban development
Hoa Sen Group (HoSE: HSG), Vietnam’s top producer of coated steel products, has spent VND900 billion ($34.3 million) acquiring land for a major urban development project in the southern province of Dong Nai.
Real Estate - Fri, August 8, 2025 | 8:22 am GMT+7
Halal market presents major opportunities for Vietnamese businesses
The global Halal market is projected to reach $5 trillion by 2030, with Malaysia alone expected to hit $113.2 billion, said Shariza binti Abdul Rasheed, Halal product manager at Maybank Malaysia.
Economy - Thu, August 7, 2025 | 9:18 pm GMT+7
Steel major Hoa Phat to pour extra $130 mln into central Vietnam plant
Vietnam’s leading steelmaker, Hoa Phat Group (HoSE: HPG), will increase investment in its Dung Quat 2 iron and steel production complex by VND3.4 trillion ($129.7 million) as part of an expansion plan.
Industries - Thu, August 7, 2025 | 8:03 pm GMT+7
Vietnam’s army-backed construction firm proposes 14 offshore wind power projects
Lung Lo Construction Corporation (LLC), under the Ministry of National Defense, has submitted investment proposals for 14 offshore wind power projects with a combined capacity of 9,000 MW.
Energy - Thu, August 7, 2025 | 5:07 pm GMT+7
Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure
Vietnam's agri major Hoang Anh Gia Lai JSC has been fined VND92.5 million ($3,528) for failing to disclose bond-related information as required by law.
Companies - Thu, August 7, 2025 | 4:31 pm GMT+7
Northern Vietnam province accelerates $2.2 bln LNG-to-power project
Quang Ninh province will hand over 4.9 hectares of reclaimed land to the Quang Ninh LNG-fuelled power plant project before August 11, local authorities stated at a meeting on Wednesday.
Energy - Thu, August 7, 2025 | 4:17 pm GMT+7
Vietnam's seafood firms ride profit wave ahead of US tariff hike
Vietnam’s seafood companies reported surging profits in Q2/2025, driven by importers ramping up purchases ahead of new U.S. reciprocal tariffs.
Economy - Thu, August 7, 2025 | 2:21 pm GMT+7
Le Anh Tuan appointed new CEO of Dragon Capital Vietfund Management JSC
Dragon Capital Group, Vietnam's largest asset manager, has appointed Le Anh Tuan as CEO of its arm Dragon Capital Vietfund Management Joint Stock Company (DCVFM), starting from October 1, 2025.
Companies - Thu, August 7, 2025 | 2:01 pm GMT+7
Indonesia, Malaysia, Thailand expand local currency transaction network
Bank Indonesia, Bank Negara Malaysia, and Bank of Thailand have added new Appointed Cross Currency Dealer (ACCD) participating banks to broaden services for bilateral transactions in local currencies across the three nations, Bank Indonesia said in a statement on Tuesday.
Southeast Asia - Thu, August 7, 2025 | 12:48 pm GMT+7
ASEAN to sign MoU on regional power grid implementation
ASEAN member states are set to sign an MoU on the implementation of the ASEAN Power Grid during the bloc’s Energy Ministers’ Meeting this October.
Southeast Asia - Thu, August 7, 2025 | 12:43 pm GMT+7
Vietnam overtakes Thailand to become world's second-largest rice exporter
Vietnam has outranked Thailand as the world’s second-largest rice exporter in the first half of 2025, Thai PBS reported on August 3, citing the Thai Rice Exporters Association.
Companies - Thu, August 7, 2025 | 12:41 pm GMT+7
Vietnam posts trade surplus of $10.18 bln in 7 months
Vietnam’s export earnings grew by 14.8% to $262.44 billion in the first seven months of this year, while its import turnover rose by 17.9% to $252.26 billion, resulting in a trade surplus of $10.18 billion.
Economy - Thu, August 7, 2025 | 12:19 pm GMT+7
Malaysia pledges big purchases, investments with US
Malaysia has agreed to buy and invest over $240 billion (MYR1.02 trillion) in the U.S. to help reduce the trade gap between the two countries.
Southeast Asia - Thu, August 7, 2025 | 12:08 pm GMT+7