Registered FDI capital in Vietnam tops $20 bln in 9 months

Registered FDI capital in Vietnam tops $20 bln in 9 months

Registered foreign direct investment capital in Vietnam rose 7.7% year-on-year to $20.21 billion in the year to September 20, while disbursed capital hit $15.9 billion, up 2.2%.

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

Steel giant Vnsteel posts $23 mln Q3 loss

Steel giant Vnsteel posts $23 mln Q3 loss

Vietnam Steel Corporation (Vnsteel), Vietnam's leading steel maker, reported a loss of VND567.3 billion ($22.86 million) in the third quarter of the year due to costs exceeding selling prices and losses of its joint ventures and associates.

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

Fertilizer producers record profits exceeding year plans

Fertilizer producers record profits exceeding year plans

Many fertilizer companies have reported after-tax profits exceeding the whole year's plan in the first nine months of the year as prices remained high.

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

Jewellery maker PNJ tops year profit target in 9 months

Jewellery maker PNJ tops year profit target in 9 months

Phu Nhuan Jewellery JSC, Vietnam's leading jewelry maker, has reported an after-tax profit of VND1,340 billion ($54 million) in the first nine months of the year, up 133% year-on-year and equivalent to 101.5% of the year's plan.

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

Shipping companies earn huge profit

Shipping companies earn huge profit

Many shipping companies in Vietnam posted nine-month profit exceeding the whole year plan in the context of high transportation demand and freight rates.

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

Insurance giant Bao Viet earns $50 mln profit in 9 months

Insurance giant Bao Viet earns $50 mln profit in 9 months

Bao Viet Holdings, Vietnam's leading insurance and financial corporation, reported an after-tax profit of VND1,250 billion ($50.27 million) in the first nine months of the year, down 13% year-on-year.

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

Construction giant Coteccons posts $76,000 in Jan-Sep profit

Construction giant Coteccons posts $76,000 in Jan-Sep profit

Coteccons, a leading construction company in Vietnam, reported after-tax profits of VND1.9 billion ($76,000) in the first nine months of the year, down 97% year-on-year.

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

Vingroup earns $63 mln in 9-month profit

Vingroup earns $63 mln in 9-month profit

Vietnam’s largest private conglomerate Vingroup earned after-tax profits of VND1,571 billion ($63 million) in the first nine months of the year, down 8% year-on-year and fulfilling 26% of the year's target.

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

Mobile World reports $140 mln profit in 9 months

Mobile World reports $140 mln profit in 9 months

The Mobile World Investment Corporation recorded after-tax profits of VND3,483 billion ($140 million) in the first nine months of the year, up 4% year-on-year, fulfilling 55% of the year's plan.

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

Property developer Novaland gains $83 mln in nine-month profit

Property developer Novaland gains $83 mln in nine-month profit

Major Vietnamese real estate developer Novaland recorded consolidated after-tax profits of VND2,054 billion ($82.7 million) in the first nine months of the year, down 19% year-on-year.

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

Bamboo Capital subsidiary Tracodi reports $17.6 mln profit in 9 months

Bamboo Capital subsidiary Tracodi reports $17.6 mln profit in 9 months

Tracodi, a subsidiary of the Bamboo Capital Group, has reported after-tax profits of VND436.9 billion ($17.6 million) in the first nine months of the year, up 56% year-on-year.

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

Agriculture major HAGL reports 31-fold profit increase

Agriculture major HAGL reports 31-fold profit increase

Hoang Anh Gia Lai JSC (HAGL) recorded after-tax profits of VND892 billion ($35.92 million) in the first nine months of the year, a 31-fold year-on-year increase.

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

Masan delivers 39.5% core profit increase in 9 months

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).

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

Vincom Retail earns $78 mln net profit in 9 months

Vincom Retail earns $78 mln net profit in 9 months

Shopping mall operator Vincom Retail earned after-tax profits of VND1,944 billion ($78.26 million) in the first nine months of the year, up 63% year-on-year.

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

Dung Quat refinery operator reports $519 mln profit in 9 months

Dung Quat refinery operator reports $519 mln profit in 9 months

Binh Son Refining and Petrochemical Company, the operator of Vietnam's first oil refinery Dung Quat, recorded an after-tax profit of VND12,899 billion ($519.4 million) in the first nine months of the year, 3.2 times year-on-year.

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

Fertilizer firm Camau reports fourfold increase in profit

Fertilizer firm Camau reports fourfold increase in profit

PetroVietnam Camau Fertilizer JSC, a Petrovietnam subsidiary, has reported after-tax profits of VND3,272 billion ($131.7 million) in the first nine months of the year, a fourfold year-on-year increase.

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

ACB posts $435 mln net profit in 9 months

ACB posts $435 mln net profit in 9 months

The Asia Commercial Bank (ACB) earned after-tax profits of VND10,818 billion ($435.4 million) in the first nine months of the year, up 51% year-on-year.

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

Plastic firm Binh Minh reaps highest quarterly profit in 6 years

Plastic firm Binh Minh reaps highest quarterly profit in 6 years

Binh Minh Plastics JSC, Vietnam's leading plastics company, recorded an after-tax profit of VND175 billion ($7.05 million) in the third quarter of the year, the highest since Q4/2016.

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

Realty firm Phat Dat reports $72 mln profit in 9 months

Realty firm Phat Dat reports $72 mln profit in 9 months

Phat Dat Real Estate Development Corp. recorded a pre-tax profit of VND1,790 billion ($72 million) in the first nine months of the year, up 28% year-on-year.

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

Techcombank reports double-digit growth in Jan-Sept profit

Techcombank reports double-digit growth in Jan-Sept profit

Techcombank, one of Vietnam’s leading private lenders, recorded an after-tax profit of VND16,864 billion ($679 million) in the first nine months of the year, up 23% year-on-year.

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

Brewer giant Sabeco scores $178 mln profit in 9 months

Brewer giant Sabeco scores $178 mln profit in 9 months

Sabeco, owned by Thailand’s largest beverage maker ThaiBev, reported an after-tax profit of VND4,424 billion ($178 million) in the first nine months of the year, up 75% year-on-year.

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

Brokerage SSI records $57 mln profit in 9 months

Brokerage SSI records $57 mln profit in 9 months

Leading Vietnamese broker SSI reported a Jan-Sept after-tax profit of VND1,409 billion ($57 million), down 15% year-on-year and fulfilling 40% of the year's plan.

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

IT major FPT reaps $231 mln in 9-month profit

IT major FPT reaps $231 mln in 9-month profit

FPT Corporation, Vietnam’s leading IT company, has recorded pre-tax profits of VND5,665 billion ($231 million) in the first nine months of the year, up 23.8% year-on-year and fulfilling 74.4% of the year's target.

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

Chemical group Duc Giang posts $201 mln profit in 9 months

Chemical group Duc Giang posts $201 mln profit in 9 months

The Duc Giang Chemicals Group, Vietnam's leading chemical company, has reported an after-tax profit of VND4,917 billion ($201 million) in the first nine months of the year.

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

Chemical giant Vinachem sees record high profit on fertilizer price hike

Chemical giant Vinachem sees record high profit on fertilizer price hike

State-run group Vinachem recorded a profit of VND5,404 billion ($224 million) in the first nine months of the year, nearly triple the year's target, as fertilizer prices remained high.

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

$75 mln IFC loan reaches SeABank

$75 mln IFC loan reaches SeABank

Vietnamese lender SeABank has received a five-year convertible loan of $75 million from the World Bank’s financial arm IFC to support its growth and increase targeted lending to small- and medium-sized enterprises.

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

Petrovietnam earns $29 bln revenue in 9 months

Petrovietnam earns $29 bln revenue in 9 months

State-run Petrovietnam estimates revenues of VND698,300 billion ($28.91 billion) in the first nine months of the year, exceeding 25% of the annual plan and up 56% year-on-year.

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

Building material maker Viglacera records $86 mln profit in 9 months

Building material maker Viglacera records $86 mln profit in 9 months

Viglacera, Vietnam's leading manufacturer of building materials, has estimated a consolidated pre-tax profit of VND2,057 billion ($86 million) in the first nine months of the year, up 97% year-on-year.

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

VietinBank, Novaland unit lead September corporate bond issuance

VietinBank, Novaland unit lead September corporate bond issuance

Vietnam’s corporate bond market saw 25 private placement issuances and one public offering in September, led by VietinBank, property developer Nova Thao Dien, and Masan Group.

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

PV GAS expects to reap $4.2 bln revenue this year

PV GAS expects to reap $4.2 bln revenue this year

PV GAS, a subsidiary of state-run Petrovietnam, expects a revenue of VND100,000 billion ($4.2 billion) this year, a record high since 2015.

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

Vietnam welcomes 1.87 mln foreigners, South Koreans in the lead

Vietnam welcomes 1.87 mln foreigners, South Koreans in the lead

Vietnam welcomed 1.87 million foreign visitors in the first nine months of the year, up 16.4 times year-on-year, with South Korea and the U.S. leading the pack.

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

FDI disbursement grows 16% in nine months

FDI disbursement grows 16% in nine months

Disbursed foreign investment capital in Vietnam reached $15.4 billion in the year to September 20, up 16.2% year-on-year.

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