Vietnam sugar industry posts bitter-sweet Q2 results

Vietnam sugar industry posts bitter-sweet Q2 results

A sharp divide has been in the sugar industry’s Q2 results with some major firms reporting big declines and others enjoying soaring profits.

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

Q2 profits of Vietnam’s listed companies drop 13%

Q2 profits of Vietnam’s listed companies drop 13%

The Q2 after-tax profits of companies listed on Vietnam’s three exchanges HoSE, HNX, UPCoM went down 12.9% year-on-year, according to leading broker VNDirect.

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

Vietnam oil and gas firms post mixed Q2 results

Vietnam oil and gas firms post mixed Q2 results

Contrasting Q2 results have been recorded across upstream, midstream and downstream firms in the Vietnamese oil and gas industry.

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

Vietnamese textile and garment giants see Q2 profits plunge as orders drop

Vietnamese textile and garment giants see Q2 profits plunge as orders drop

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

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

Agri major Loc Troi turns loss into record high profit, Vinafood 2 profit up 2 times

Agri major Loc Troi turns loss into record high profit, Vinafood 2 profit up 2 times

Agricultural services and food majors Loc Troi JSC and Vinafood 2 posted a remarkable profit in the second quarter of the year, while their peers Trung An Rice and An Giang Import-Export incurred a loss.

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

Gold loses its shine among Vietnamese people

Gold loses its shine among Vietnamese people

Consumer demand for gold in Vietnam decreased by 9% year-on-year to 12.7 tonnes in the second quarter of this year, according to the World Gold Council.

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

Major Vietnam gasoline retailers post contrasting Q2 results

Major Vietnam gasoline retailers post contrasting Q2 results

Two major Vietnamese gasoline retailers posted vastly contrasting Q2 results with one making profit after suffering a loss last year and the other seeing its profit drop drastically.

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

Vinhomes tops list of firms with trillion Vietnamese dong plus in Q2 profits

Vinhomes tops list of firms with trillion Vietnamese dong plus in Q2 profits

Vietnam’s biggest listed property firm, Vinhomes JSC, led the list of top 10 companies with Q2 after-tax profits of more than a trillion dong (VND1 trillion = $42 million).

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

Vietnam seafood majors post Q2 profit plunge

Vietnam seafood majors post Q2 profit plunge

Seafood majors Minh Phu, Vinh Hoan and Sao Ta all reported sharp profit drops in the second quarter of this year, while Nam Viet made a loss after six consecutive profitable quarters.

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

Shipping majors PVTrans, Gemadept buck industry trend with Q2 profit boost

Shipping majors PVTrans, Gemadept buck industry trend with Q2 profit boost

Shipping corporations PVTrans and Gemadept have reported a 46% jump and a five-fold increase year-on-year in Q2 after-tax profits respectively, while peers VIMC, Viconship and Hai An recorded significant drops.

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

Tech unicorn VNG reports $2.1 mln Q2 profit after prolonged losses

Tech unicorn VNG reports $2.1 mln Q2 profit after prolonged losses

Vietnamese tech giant VNG Corporation reported after-tax profit of VND50.2 billion ($2.1 million) in the second quarter of this year, its first profit since the fourth quarter of 2021.

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

Logistics heavyweight Gemadept reports 5-fold profit hike after port sale

Logistics heavyweight Gemadept reports 5-fold profit hike after port sale

Gemadept, a leading port operator and logistics firm in Vietnam, reported an after-tax profit of VND1.71 trillion ($72.3 million) in the second quarter of the year, up 5 times year-on-year thanks to the sale of Nam Hai Dinh Vu port.

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

Vietcombank leads profitability among state-controlled banks

Vietcombank leads profitability among state-controlled banks

Three of Vietnam's biggest lenders Vietcombank, Vietinbank and BIDV reported the same net interest income in the second quarter this year, but very different profits.

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

Owner of soy milk brand Fami reports $30 mln profit in Q2

Owner of soy milk brand Fami reports $30 mln profit in Q2

Quang Ngai Sugar JSC, owner of famous soy milk brand Fami in Vietnam, reported after-tax profit of nearly VND712 billion ($30 million) in the second quarter of this year, up 95% year-on-year.

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

Vietnam’s major steel producers report Q2 profit plunge

Vietnam’s major steel producers report Q2 profit plunge

Three of the nation’s steel majors - Hoa Phat Group, Hoa Sen Group and Nam Kim - have reported significant profit declines in the second quarter of this year, while Vnsteel has posted a loss.

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

Mekophar records first loss as major pharma firms post Q2 profits

Mekophar records first loss as major pharma firms post Q2 profits

Ho Chi Minh City-based Mekophar posted its first loss in the second quarter, while most other pharma industry majors in Vietnam reported significant profit growth.

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

Vietnam rubber giants report mixed Q2 profits

Vietnam rubber giants report mixed Q2 profits

Phuoc Hoa Rubber reported a large profit in the second quarter of this year, while Dong Phu Rubber and Tan Bien Rubber posted falling profits in the context of a sharp decline in rubber exports.

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

Confectionery firm Huu Nghi posts Q2 profit drop of 67%

Confectionery firm Huu Nghi posts Q2 profit drop of 67%

Vietnamese confectionery company Huu Nghi Food JSC reported an after-tax profit of VND5.3 billion ($224,000), down 67%, on net revenue of VND332 billion ($14 million), flat compared to the same period last year.

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

Vietnamese coal majors report mixed Q2 profit results

Vietnamese coal majors report mixed Q2 profit results

Major Vietnamese coal firms Vinacomin-DeoNai Coal, Mong Duong Coal, and Vang Danh Coal all reported large profits in the second quarter of this year, while Cao Son Coal posted a loss of VND4.3 billion ($182,000).

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

Food firm Kido posts highest quarter profit in 7 years

Food firm Kido posts highest quarter profit in 7 years

Leading Vietnamese food and cooking oil producer Kido Group reported an after-tax profit of VND651 billion ($27.5 million) in the second quarter of this year, up 198% year-on-year and the highest profit since the fourth quarter of 2016.

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

SCG-backed Binh Minh Plastics reports highest quarterly profit in 6 years

SCG-backed Binh Minh Plastics reports highest quarterly profit in 6 years

Binh Minh Plastics JSC reported a post-tax profit of VND294.6 billion ($11.94 million) in the second 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

Major insurer PVI posts $13.6 mln Q2 profit, up 61%

Major insurer PVI posts $13.6 mln Q2 profit, up 61%

Vietnamese insurance giant PVI Holdings reported net revenue of VND1.59 trillion ($67.3 million) and after-tax profit of VND322 billion ($13.6 million) in the second quarter of this year, up 1% and up 61% year-on-year, respectively.

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

Owner of Wonderfarm beverage brand reports Q2 profit hike of 73%

Owner of Wonderfarm beverage brand reports Q2 profit hike of 73%

Interfood Shareholding Company, owner of the Wonderfarm beverage brand in Vietnam, reported after-tax profit of VND68 billion ($2.87 million) in the second quarter of this year, up 73% year-on-year.

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

Steelmaker Tisco posts fourth consecutive quarter loss

Steelmaker Tisco posts fourth consecutive quarter loss

The Thai Nguyen Iron and Steel JSC (Tisco) has reported its fourth consecutive quarter after-tax loss of VND99 billion ($4.2 million) in Q2/2023.

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

Plastic firms report Q2 profit rise amid input price drop

Plastic firms report Q2 profit rise amid input price drop

Many plastic enterprises in Vietnam reported increased profit in the second quarter of the year thanks to lower raw material costs.

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

Maritime major VIMC records two-fold profit increase in Q2

Maritime major VIMC records two-fold profit increase in Q2

Vietnam Maritime Corporation, the country's leading maritime service provider, reported an after-tax profit of VND1,434 billion ($61.31 million) in the second quarter of the year, 1.95 times year-on-year.

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

Saigon Port JSC reports 16% decline in Q2 profit

Saigon Port JSC reports 16% decline in Q2 profit

Saigon Port JSC, a major port operator in Vietnam, reported an after-tax profit of VND116.8 billion ($5 million) in the second quarter of 2022, down 16% year-on-year.

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

Logistics heavyweight Gemadept's Q2 profit grows 87%

Logistics heavyweight Gemadept's Q2 profit grows 87%

Gemadept, Vietnam's leading port and logistics company, reported an after-tax profit of VND334 billion ($14.3 million) in the second quarter of 2022, up 87% year-on-year, thanks to its joint ventures and affiliates' strong growth.

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

Petrolimex records $6 mln loss in Q2 despite surging oil price

Petrolimex records $6 mln loss in Q2 despite surging oil price

Petrolimex, Vietnam's biggest gasoline retailer by market share, reported a loss of of VND141 billion ($6 million) in the second quarter of the year despite soaring prices of crude oil.

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

Vinamilk after-tax profit drops 6 quarters in a row

Vinamilk after-tax profit drops 6 quarters in a row

Vinamilk, Vietnam’s largest dairy company, recorded an after-tax profit of VND2,102 billion ($90 million) in the second quarter of 2022, down 26.5% year-on-year, as inflation impacted purchasing power and prices of input materials surged.

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

Construction giant Coteccons reports $1 mln Q2 loss

Construction giant Coteccons reports $1 mln Q2 loss

Coteccons, Vietnam's leading private construction company, suffered a loss of VND23.8 billion ($1.02 million) in the second quarter of this year, against a $1.92 million profit in the same period last year.

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

Vietnam Airlines records loss for 10 consecutive quarters

Vietnam Airlines records loss for 10 consecutive quarters

Vietnam Airlines made a loss over 10 consecutive quarters, with negative equity mounting to VND4,900 billion ($210 million), its Q2 consolidated financial report shows.

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

Vincom Retail posts $33 mln Q2 profit as market recovers

Vincom Retail posts $33 mln Q2 profit as market recovers

Shopping mall operator Vincom Retail earned an after-tax profit of VND773 billion ($33 million) in the second quarter of this year, almost double that of the same period last year.

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

Sabeco brews highest profit in five years

Sabeco brews highest profit in five years

Sabeco’s after-tax profit of $77 million in the second quarter marked a record quarterly high since ThaiBev became the brewer’s majority shareholder five years ago.

Companies - 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