'Ballpoint pen king' Thien Long scripts $4.2 mln Q1 profit

'Ballpoint pen king' Thien Long scripts $4.2 mln Q1 profit

Stationery giant Thien Long has reported a Q1 profit of VND100 billion ($4.2 million) and net revenue of nearly VND919 billion ($38.7 million), up 16% and down 13% year-on-year, respectively.

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

Cement industry faces prolonged challenges

Cement industry faces prolonged challenges

Many cement companies reported losses or sharp profit declines in the first quarter of 2023 due to property market woes, slow disbursement of public investment capital, and supply surplus.

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

Bedding company Everpia records 54% plunge in Q1 profit

Bedding company Everpia records 54% plunge in Q1 profit

Everpia JSC, owner of South Korean bedding brand Everon, reported after-tax profit of VND6.8 billion ($290,000) in the first quarter of this year, up 54% year-on-year.

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

Textile firm Garmex Saigon cuts 1,797 staff in Q1

Textile firm Garmex Saigon cuts 1,797 staff in Q1

Vietnam's Garmex Saigon Corporation (GMC) cut 1,797 employees in the first quarter of this year to 185, less than one tenth of the number at the beginning of the year.

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

Major fertilizer firms' profits drop sharply in Q1

Major fertilizer firms' profits drop sharply in Q1

Twenty six listed fertilizer companies in Vietnam posted a combined after-tax profit of VND1.38 trillion ($58.6 million) in the first quarter of the year, down 81% year-on-year, according to KIS Vietnam Securities.

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

Real estate firm Cen Land posts loss for second consecutive quarter

Real estate firm Cen Land posts loss for second consecutive quarter

Vietnam's leading real estate distribution company Cen Land reported a loss of VND8.8 billion ($375,000) in the first quarter of this year, marking the company's second consecutive quarterly loss.

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

Airport developer ACV profit up 87% to $70 mln in Q1

Airport developer ACV profit up 87% to $70 mln in Q1

The state-run Airports Corporation of Vietnam (ACV) reported an after-tax profit of VND1.64 trillion ($70 million) in the first quarter this year, up 87% year-on-year thanks to recovery of the air transport market.

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

Major shipping firms report mixed Q1 profit results

Major shipping firms report mixed Q1 profit results

Shipping major PVTrans reported a profit increase of 24% year-on-year from January-March, while its peers VIMC, Gemadept and Viconship posted drops of 42%, 20% and 61%, respectively.

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

Vietnam textile giants see Q1 profits plunge

Vietnam textile giants see Q1 profits plunge

Vietnam's textile and garment giants Vinatex, Century Corp, Viet Tien Garment, and Phong Phu Corporation reported a plunge in profits in the first quarter of this year amid declining orders and high material prices.

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

Vietnam retail majors report dismal profit in Q1

Vietnam retail majors report dismal profit in Q1

FPT Retail and Mobile World Investment Corporation reported their after-tax profit in the first quarter this year fell 99% year-on-year, while Digiworld's profit dropped 61%.

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

Vietjet profits down 29% in Q1, Vietnam Airlines reports losses

Vietjet profits down 29% in Q1, Vietnam Airlines reports losses

Budget carrier Vietjet Air recorded an after-tax profit of nearly VND173 billion ($7.37 million) in the first quarter of 2023, down 29% year-on-year, while national flag carrier Vietnam Airlines made a loss of VND37.3 billion ($1.59 million).

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

Retail giant Petrolimex posts Q1 profit growth of 51%

Retail giant Petrolimex posts Q1 profit growth of 51%

Vietnam's biggest gasoline retailer Petrolimex reported after-tax profit of VND667 billion ($28.43 million) in the first quarter of 2023, up 51% year-on-year, while Petrovietnam's subsidiary PVOil posted VND266 billion ($11.34 million), down 6%.

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

Steel giant Vnsteel's Q1 profits drop 65%

Steel giant Vnsteel's Q1 profits drop 65%

Vietnam Steel Corporation (Vnsteel), the country's leading steelmaker, reported an after-tax profit of VND67.9 billion ($2.9 million) in the first quarter of 2023, falling 65% year-on-year.

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

Tech unicorn VNG suffers $3.8 mln loss in Q1

Tech unicorn VNG suffers $3.8 mln loss in Q1

Vietnamese tech giant VNG Corporation reported a loss of VND90 billion ($3.84 million) in the first quarter of this year, while in the same period last year it lost VND130 billion ($5.54 million).

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

Brewer Habeco reports loss for first time in 3 years

Brewer Habeco reports loss for first time in 3 years

Leading Vietnamese brewer Habeco reported a loss of VND3.7 billion ($157,700) in the first quarter of this year, while Sabeco, owned by Bangkok-based ThaiBev, posted an after-tax profit of over VND1 trillion ($42.79 million), down 19% year-on-year.

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

Major steel producers report mixed Q1 profit results

Major steel producers report mixed Q1 profit results

Steel producer Hoa Sen Group reported a profit increase of 7% year-on-year from January-March, while Nam Kim made a loss for the third consecutive quarter and Hoa Phat Group posted a 21-fold profit decrease.

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

Livestock major Dabaco incurs $14 mln loss, a record high

Livestock major Dabaco incurs $14 mln loss, a record high

Vietnam's leading livestock company Dabaco reported a loss of VND321 billion ($13.68 million) in the first quarter of 2023, a record loss in the firm's history, while in the same period last year it made a profit of VND9 billion ($383,500).

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

Multi-sector firm REE reports highest quarterly profit

Multi-sector firm REE reports highest quarterly profit

Vietnam's leading multi-sector corporation REE reported an after-tax profit of VND1.06 trillion ($44.97 million) in this year's first quarter, up 10.5% year-on-year, a quarterly record high in the firm's history.

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

Vinhomes posts 2.5-fold growth in Q1 after-tax profit

Vinhomes posts 2.5-fold growth in Q1 after-tax profit

Vinhomes, a subsidiary of Vietnam’s largest listed conglomerate Vingroup, reported an after-tax profit of VND11.92 trillion ($507.65 million) in the first quarter of 2023, 2.5 times higher than the same period last year.

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

Leading pharma firm DHG reports highest quarterly profit

Leading pharma firm DHG reports highest quarterly profit

Hau Giang Pharmaceutical JSC (DHG Pharma) reported an after-tax profit of VND361 billion ($15.36 million) in this year's first quarter, up 41% year-on-year, a quarterly record high in the firm's history.

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

'Pangasius queen' Vinh Hoan's Q1 profit down 59% to $9.6 mln

'Pangasius queen' Vinh Hoan's Q1 profit down 59% to $9.6 mln

Vinh Hoan Corporation, Vietnam's leading pangasius fish exporter, reported an after-tax profit of VND225.7 billion ($9.6 million) in the first quarter of 2023, down 59% year-on-year.

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

Taxi major Vinasun secures 5-fold profit increase in Q1

Taxi major Vinasun secures 5-fold profit increase in Q1

Vinasun Corporation, a leading taxi operator in Vietnam, posted an after-tax profit of VND53 billion ($2.26 million) in the first quarter of this year, 5 times year-on-year and equal to one-fourth of the year's plan.

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

Plastics firm Binh Minh posts highest quarterly profit in 6 years

Plastics firm Binh Minh posts highest quarterly profit in 6 years

Binh Minh Plastics JSC reported a post-tax profit of VND280.7 billion ($11.94 million) in the first quarter of 2023, a new record since it became a subsidiary of Nawaplastic Industries, a member of Thailand’s Siam Cement Group (SCG), in 2018.

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

Petrovietnam reports $580 mln profit in Q1

Petrovietnam reports $580 mln profit in Q1

State-run giant Petrovietnam (PVN) recorded an estimated pre-tax profit of VND13.6 trillion ($580 million) in the first quarter of this year, exceeding its quarterly plan by 67% and fulfilling 39% of the year target.

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

Vietnam welcomes 2.7 mln foreign arrivals in Q1

Vietnam welcomes 2.7 mln foreign arrivals in Q1

International visitors to Vietnam in the first quarter of the year reached nearly 2.7 million arrivals, expanding by 29.7 times year-on-year, according to the General Statistics Office.

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

HCMC apartment sales near full-2021 result in Q2

HCMC apartment sales near full-2021 result in Q2

A total 9,048 new apartments were sold in the second quarter this year across Ho Chi Minh City, slightly lower than the total 10,145 units of 2021, Cushman & Wakefield said.

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