Japanese sanitary ware firm TOTO's Vietnam revenue records 12% drop in Apr-Dec 2023

Japanese sanitary ware firm TOTO's Vietnam revenue records 12% drop in Apr-Dec 2023

TOTO recorded a sale revenue of VND2,936 billion ($124.3 million) in Vietnam from April-December 2023, the first three quarters of its fiscal year 2023, down 12% year-on-year.

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

Major developer Sudico targets new name, 38% increase in pre-tax profit

Major developer Sudico targets new name, 38% increase in pre-tax profit

Vietnam property developer Sudico plans to adopt a new name and earn pre-tax profits of VND350 billion ($14.8 million) this year, up 38.3% year-on-year.

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

Steel giant Hoa Phat aims for $406 mln profit, 10% dividends in 2024

Steel giant Hoa Phat aims for $406 mln profit, 10% dividends in 2024

Vietnam’s top steelmaker Hoa Phat Group is targeting VND140 trillion ($5.68 billion) in revenue and VND10 trillion ($405.7 million) in net profit this year, respective increases of 17% and 46% compared to 2023.

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

Steel giant Hoa Sen targets after-tax profit of $20.3 mln in 2023-2024 fiscal year

Steel giant Hoa Sen targets after-tax profit of $20.3 mln in 2023-2024 fiscal year

Multi-sector group Hoa Sen is targeting VND400-500 billion ($20.3 million) in after-tax profit in the 2023-2024 fiscal year, significantly higher than the VND30 billion recorded the previous year.

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

Shipping major PVTrans sets 2024 after-tax profit of $31 mln

Shipping major PVTrans sets 2024 after-tax profit of $31 mln

Shipping firm PVTrans, a subsidiary of state-owned energy giant Petrovietnam, targets to earn VND8.8 trillion ($356.7 million) in revenue and VND760 billion ($30.8 million) in after-tax profit this year, respectively down 7 % and 39% from 2023.

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

Vietnam seaport, shipping firms expected to enjoy good profits in 2024

Vietnam seaport, shipping firms expected to enjoy good profits in 2024

A potential recovery of Vietnam's export activities in 2024 and a sharp increase in shipping rates due to Red Sea tensions are expected to help domestic seaport and shipping firms see good profits after a gloomy year.

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam Exchange posts 2023 net profits of $77 mln

Vietnam Exchange posts 2023 net profits of $77 mln

Vietnam Exchange (VNX), a wholly state-owned single-member limited liability company, reported net profits of VND1.88 trillion ($76.9 million) in 2023, down 10% year-on-year.

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

'Shrimp king' Minh Phu reports first loss after 7 years

'Shrimp king' Minh Phu reports first loss after 7 years

Minh Phu Seafood Corporation, Vietnam’s leading shrimp exporter, reported a net loss of VND195 billion ($7.54 million) in 2023, the first loss after seven fiscal years.

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

Multi-sector group PC1 posts lowest net profit in 11 years

Multi-sector group PC1 posts lowest net profit in 11 years

Multi-sector group PC1's 2023 net profit plunged 70% year-on-year to VND136 billion ($5.54 million), the lowest level in 11 years.

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

Gilimex begins to generate revenue from industrial parks

Gilimex begins to generate revenue from industrial parks

Binh Thanh Import-Export Production and Trading JSC's (Gilimex) first ever revenue from industrial real estate reached over VND15 billion ($611,500) in Q4/2023, with a gross profit margin of 59%.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Agricultural machinery major VEAM banks on term deposits

Agricultural machinery major VEAM banks on term deposits

Financial revenue was the main bright spot for the state-owned Vietnam Engine and Agricultural Machinery Corporation (VEAM) in 2023.

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

LG’s Vietnam plants report post-tax profits of $133.5 mln in Jan-Sep 2023

LG’s Vietnam plants report post-tax profits of $133.5 mln in Jan-Sep 2023

Two Vietnamese subsidiaries of South Korea’s LG Electronics have posted a combined post-tax profit of KRW179.31 billion ($133.5 million) in Jan-Sep 2023, down 27.6% year-on-year.

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

Operator of Vietnam’s first oil refinery sees 2023 profit drop 42% to $348 mln

Operator of Vietnam’s first oil refinery sees 2023 profit drop 42% to $348 mln

Binh Son Refining and Petrochemical JSC (BSR), the operator of the first oil refinery in Vietnam – Dung Quat, reported a consolidated net profit of VND8.51 trillion ($348.5 million) in 2023, down 42.2% year-on-year.

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

Lego plant builder Coteccons acquires 2 Singapore-invested infrastructure firms

Lego plant builder Coteccons acquires 2 Singapore-invested infrastructure firms

Coteccons Construction JSC, the contract builder of the Lego plant in southern Vietnam, has wholly acquired two Singapore-invested infrastructure-focused companies in a bid to expand its operations in this field.

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

Fuel retail giant Petrolimex’s net profit nearly doubles in 2023

Fuel retail giant Petrolimex’s net profit nearly doubles in 2023

Fuel retail giant Petrolimex reported a consolidated net profit of VND2.8 trillion ($114.64 million) in 2023, up 94% year-on-year.

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

Bright profit prospects for Vinamilk in Q1: executive

Bright profit prospects for Vinamilk in Q1: executive

Dairy giant Vinamilk's Q1/2024 business results are likely to be far better than the same period last year, said chief financial officer Le Thanh Liem at an investor meeting in early February.

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

Rough Q4/2023 landing for Vietnam aviation industry

Rough Q4/2023 landing for Vietnam aviation industry

Most businesses operating in the Vietnamese aviation industry and support services have reported a year-on-year fall in net profits in the fourth quarter of 2023.

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

Vietnam steel companies’ 2024 profits to recover from low bases

Vietnam steel companies’ 2024 profits to recover from low bases

Most listed Vietnamese steel businesses reported year-on-year declines in net revenue and net profit last year, but their profits are expected to grow well in 2024.

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

Retail major Mobile World targets 14-fold profit growth in 2024

Retail major Mobile World targets 14-fold profit growth in 2024

Vietnam’s Mobile World Investment Corporation has targeted a 5% year-on-year increase in revenue to VND125 trillion ($5.13 billion) and a 14-fold rise in net proft to VND2.4 trillion ($98.48 million) this year.

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

Retail major Mobile World sees lowest net profit in 10 years

Retail major Mobile World sees lowest net profit in 10 years

Vietnam’s Mobile World Investment Corporation (MWG) posted a net profit of VND168 billion ($6.9 million) in 2023, down 96% year-on-year, marking the lowest level since 2013.

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

National carrier Vietnam Airlines’ loss-making streak extended to 4th year

National carrier Vietnam Airlines’ loss-making streak extended to 4th year

National flag carrier Vietnam Airlines posted a consolidated net loss of VND5.81 trillion ($237.8 million) in 2023, marking its fourth consecutive year of unprofitability.

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

Vinhomes biggest net profit earner among Vietnam’s listed firms

Vinhomes biggest net profit earner among Vietnam’s listed firms

Vinhomes, the housing development arm of private conglomerate Vingroup, earned a consolidated net profit of VND33.13 trillion ($1.36 billion) in 2023.

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

Property giant Novaland sees 12-fold increase in Q4 net profit

Property giant Novaland sees 12-fold increase in Q4 net profit

Vietnam’s leading property developer Novaland reported a sudden net profit of VND1.65 trillion ($67.5 million) in the fourth quarter of 2023, 12 times higher than the same period the previous year.

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

Vincom Retail posts record consolidated net profit of $180 mln in 2023

Vincom Retail posts record consolidated net profit of $180 mln in 2023

Vincom Retail JSC, the largest mall operator in Vietnam, earned a consolidated after-tax profit of VND4.41 trillion ($180.5 million) in 2023, its all-time high.

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

Vinamilk paradox: profit soars, stock price tumbles

Vinamilk paradox: profit soars, stock price tumbles

Vietnam’s dairy giant Vinamilk reported revenue of VND15.62 trillion ($639.64 million) and net profit of VND2.33 trillion ($95.4 million) in the fourth quarter of 2023, up 3.6% and 24.4% respectively year-on-year, according to its financial statement.

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

Agri major Loc Troi posts record 2023 revenue of $651 mln

Agri major Loc Troi posts record 2023 revenue of $651 mln

Major Vietnamese rice business Loc Troi Group JSC (LTG) reported record revenues of over VND16 trillion ($651 million) in 2023, a year-on-year increase of 37%.

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

Sao Ta Foods tops revised growth targets amid Vietnam seafood industry struggle

Sao Ta Foods tops revised growth targets amid Vietnam seafood industry struggle

Sao Ta Foods JSC, among major shimp exporters in Vietnam, has topped its revised revenue and pre-tax profit targets for 2023 by 4% and 1.5%, respectively, performing relatively well amidst a decline in the country's seafood industry.

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

Techcombank's 2023 net profit drops 10% to $731 mln

Techcombank's 2023 net profit drops 10% to $731 mln

Major Vietnamese private lender Techcombank reported VND40.06 trillion ($1.63 billion) in total income and over VND18 trillion ($731.4 million) in net profit last year, down 1.2% and 10.4% year-on-year, respectively.

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

Vietnam livestock giant Dabaco targets revenue of $1.04 bln in 2024

Vietnam livestock giant Dabaco targets revenue of $1.04 bln in 2024

Vietnam’s leading livestock firm Dabaco said it targets to earn VND25.38 trillion ($1.04 billion) in revenue and VND730 billion ($29.94 million) in after-tax profit this year.

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

Binh Minh Plastics set to scale 47-year profit peak: broker

Binh Minh Plastics set to scale 47-year profit peak: broker

Binh Minh Plastics JSC could earn the highest profit in its 47-year history at VND1 trillion ($41 million) last year, according to leading Vietnamese broker Saigon Securities (SSI).

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

Vietnam steel maker SMC targets $3.3 mln profit in 2024

Vietnam steel maker SMC targets $3.3 mln profit in 2024

Steel manufacturer SMC Trading Investment JSC has set a goal of earning VND80 billion ($3.3 million) in profit in 2024, a positive figure compared to a serious loss of VND586 billion ($24.15 million) recorded in the first nine months of 2023.

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

How leading Vietnam brewer Habeco has 'surfed rough waves'

How leading Vietnam brewer Habeco has 'surfed rough waves'

Facing continuous difficulties in terms of policies, consumer markets and input materials, Habeco – a 60-year-old Vietnamese beer brand - has applied innovative solutions over the years to enhance its products, sales channels and inventory management in order to survive.

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

Leading contractor Hoa Binh targets triple profits next year

Leading contractor Hoa Binh targets triple profits next year

Vietnam's top contractor Hoa Binh Construction Corporation (HBC) expects to earn VND433 billion ($17.8 million) in after-tax profits next year, 3.5 times higher than the 2023 target.

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

Hard times for Vietnamese cement firms amidst 2023 industry decline

Hard times for Vietnamese cement firms amidst 2023 industry decline

Many Vietnamese firms have struggled this year with both input and output pressures, incurring heavy losses and even having equity turn negative, said the Vietnam National Cement Association.

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

Vietnam Airlines strives to balance cash flow in 2024: chairman

Vietnam Airlines strives to balance cash flow in 2024: chairman

National flag carrier Vietnam Airlines will focus on implementing its restructuring scheme with a view to balancing revenues and expenditures from 2024, said its chairman Dang Ngoc Hoa.

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