Regulator opposes delay of Vietnam Airlines financial report
The State Securities Commission has requested Vietnam Airlines to publicize its 2021 annual report, 2021 audited financial statement, and Q1/2022 financial report as opposing its calls for a delay.
A Vietnam Airlines airplane in service. Photo courtesy of the carrier.
The corporation, in a recent request to the regulator (SSC), said it had been affected by the pandemic until the beginning of 2022, and many of its staff members have had to work under social distancing conditions. "Therefore, the carrier must prioritize finishing its 2021 audited financial statement, and could not complete the financial report for the first quarter of this year as scheduled."
However, Vietnam Airlines, with the state being its majority shareholder, did not specify the time needed to finish its Q1 report. The SSC has since asked the corporation to complete it soon as the law regulates the report must be publicized within 20 days after each quarter ends.
The regulator also required the carrier to release its 2021 audited financial statements and annual report as soon as possible.
Vietnam Airlines's unaudited revenue in Q4/2021 reached VND9,212 billion (nearly $403 million), up 13% year-on-year. Total revenue in 2021 reached $1.23 billion, a 31% decline from 2020.
- Read More
Vietnamese billionaire reaffirms steadfast commitment to EV maker VinFast
Vietnam’s richest man, billionaire Pham Nhat Vuong, says he personally and the conglomerate that he chairs, Vingroup, will continue financing VinFast despite heavy losses incurred by the EV-maker since 2017.
Companies - Thu, April 25, 2024 | 5:32 pm GMT+7
Malaysia tackles food security challenges
Empowering local communities in the agriculture sector to attract young people to this field is one of the measures taken by Malaysia to address labour shortage while also contributing to tackling challenges in food security.
Southeast Asia - Thu, April 25, 2024 | 5:10 pm GMT+7
UK supports ASEAN’s economic integration
The UK delegation to ASEAN held a seminar in Jakarta, Indonesia on Wednesday to discuss the ASEAN-UK economic integration programme.
Southeast Asia - Thu, April 25, 2024 | 5:09 pm GMT+7
Vietnam considers direct power purchase agreements with no restrictions on capacity, usage
A draft decree on direct power purchase agreements (DPPAs) between producers and large consumers via their own power lines has no caps on capacity, connection voltage level and intended usage.
Energy - Thu, April 25, 2024 | 5:07 pm GMT+7
Indonesian central bank raises interest rates to highest level in 7 years
Bank Indonesia (BI) on Wednesday raised interest rates to their highest level in seven years.
Southeast Asia - Thu, April 25, 2024 | 4:58 pm GMT+7
Bosch Vietnam, RMIT University to foster tech-driven workforce development
Engineering firm Bosch Vietnam will collaborate with Royal Melbourne Institute of Technology Vietnam (RMIT Vietnam) to provide students with skills and knowledge to meet changing demands in a “technology-driven landscape.”
Companies - Thu, April 25, 2024 | 4:27 pm GMT+7
Northern Vietnam port city okays $368 mln investment by South Korean firms
The northern port city of Hai Phong granted investment certificates Wednesday to eight Korean-invested projects worth around $368 mln at a forum held in Seoul.
Industries - Thu, April 25, 2024 | 4:03 pm GMT+7
AI giant Nvidia explores Vietnam investment expansion opportunities
U.S. chip and artificial intelligence giant Nvidia says it will consider expanding investment in Vietnam after a high-ranking delegation ends a fact-finding trip to the country.
Industries - Thu, April 25, 2024 | 3:13 pm GMT+7
Construction giant Vinaconex plans rights issue, capital base hike in 2024
Vinaconex, among Vietnam’s top construction companies, plans to issue nearly 120 million shares to existing shareholders at VND10,500 ($0.41) apiece this year.
Companies - Thu, April 25, 2024 | 3:03 pm GMT+7
Vietnam sets aside $1 bln to train semiconductor workforce
Vietnam will spend VND26 trillion ($1.02 billion) by 2030 to develop a well-prepared workforce for the semiconductor industry as the country attempts to seize a “once-in-a-thousand-year” opportunity.
Economy - Thu, April 25, 2024 | 12:16 pm GMT+7
Vietnam’s central province okays S Korea’s SK E&S to process LNG-to-power project
The central coastal province of Quang Tri, SK E&S under South Korean chaebol SK, and Vietnamese conglomerate T&T Group have agreed to cooperate in investment, trade, energy transition, and green growth.
Energy - Thu, April 25, 2024 | 10:31 am GMT+7
Heineken Vietnam’s Q1 revenue expands amid national market decline
The beer market in Vietnam declined by a mid-single-digit in the first quarter of this year, but Heineken’s net revenue (per before exceptional items and amortization-beia formula) was up in the mid-teens, the Dutch brewer said Wednesday.
Companies - Thu, April 25, 2024 | 8:18 am GMT+7
Vietnam fourth largest host of Apple suppliers in the world
Vietnam hosted 35 Apple suppliers as of the end of fiscal year 2023, up from 25 a year earlier, the American tech giant says.
Industries - Thu, April 25, 2024 | 7:57 am GMT+7
ASEAN Future Forum 2024 looks to ensure comprehensive security for community
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
Southeast Asia - Wed, April 24, 2024 | 10:19 pm GMT+7
Rail connects Vientiane, China's Guizhou province
The Guiyang-Laos tourist train will be launched on May 8, signifying a pivotal step in boosting tourism and cultural ties between China and Southeast Asia.
Southeast Asia - Wed, April 24, 2024 | 10:18 pm GMT+7
Vinhomes targets after-tax profit of $1.38 bln in 2024 as market warms up
Vinhomes, a major housing developer under private conglomerate Vingroup, targets to earn an after-tax profit of VND35 trillion ($1.38 billion) this year, up 4.4% year-on-year, given more positive signals from the local real estate market.
Companies - Wed, April 24, 2024 | 10:13 pm GMT+7
