Private lender VPBank targets 114% profit growth in 2024

Private lender VPBank targets 114% profit growth in 2024

Vietnam’s leading private lender VPBank targets to rake in VND23.17 trillion ($914.18 million) in pre-tax profit this year, a year-on-year increase of 114%, according to its 2024 business plan approved by shareholders at the AGM on Monday.

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

Thailand rice exports to exceed 2024 target

Thailand rice exports to exceed 2024 target

Thailand's rice exports in the first three months of 2024 reached 2.5 million tonnes, 500,000 tonnes higher than the number recorded in 2023's first quarter, said the government's spokesperson Chai Watcharonke.

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

Confectionery company Huu Nghi targets $2.2 mln profit in 2023

Confectionery company Huu Nghi targets $2.2 mln profit in 2023

Vietnamese confectionery company Huu Nghi Food JSC is targeting revenue of VND2.17 trillion ($91.98 million) in 2023, up 2% year-on-year, but pre-tax profit of only VND52 billion ($2.2 million), down 62%.

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

Retail giant Petrolimex targets 42% hike in 2023 pre-tax profit

Retail giant Petrolimex targets 42% hike in 2023 pre-tax profit

Vietnam's biggest gasoline retailer Petrolimex has set a pre-tax profit target of VND3.23 trillion ($137.14 million) in 2023, a year-on-year increase of 42%.

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

Tech unicorn VNG braces for $24 mln loss in 2023

Tech unicorn VNG braces for $24 mln loss in 2023

Vietnamese tech giant VNG Corporation has targeted revenue of VND9.28 trillion ($394.5 million) and a loss of VND572 billion ($24.3 million) in 2023.

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

Restaurant chain Golden Gate forecasts profit slump of 75% in 2023

Restaurant chain Golden Gate forecasts profit slump of 75% in 2023

Golden Gate Group JSC (Golden Gate), a major developer and operator of restaurants in Vietnam, is targeting net revenue of VND6.89 trillion ($293.17 million) in 2023 and after-tax profit of VND167 billion ($7.11 million), down 1.1% and 74.6% year-on-year, respectively.

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

Major construction contractor Song Da targets $24 mln profit in 2023

Major construction contractor Song Da targets $24 mln profit in 2023

Song Da Corporation JSC, the major contractor of most hydropower plant projects in Vietnam, is targeting total revenue of VND6.3 trillion ($268.3 million) and after-tax profit of VND573 billion ($24.4 million) in 2023.

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

Food firm Kido targets highest profit in 7 years

Food firm Kido targets highest profit in 7 years

Leading Vietnamese food and cooking oil producer Kido Group is targeting a consolidated revenue of VND15 trillion ($638.4 million) in 2023, and pre-tax profit of VND900 billion ($38.3 million), up 20% and up 76% year-on-year, respectively.

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

Industrial park developer Kinh Bac targets 2.5-fold profit hike in 2023

Industrial park developer Kinh Bac targets 2.5-fold profit hike in 2023

Kinh Bac City Development Holding Corp., one of Vietnam's leading industrial real estate developers, is targeting revenue of VND9 trillion ($383.26 million) in 2023 and after-tax profit of VND4 trillion ($170.34 million), up 9.5 times and 2.5 times year-on-year, respectively.

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

Vietnam logistics firm Sotrans expects 60% profit hike in 2023

Vietnam logistics firm Sotrans expects 60% profit hike in 2023

Leading Vietnamese logistics service provider Sotrans is targeting revenue of VND3.18 trillion ($135.46 million) in 2023 and after-tax profit of VND406 billion ($17.3 million), up 21% and 60% year-on-year, respectively.

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

PV Power predicts 56% profit drop in 2023

PV Power predicts 56% profit drop in 2023

Petrovietnam subsidiary PV Power is targeting an after-tax profit of VND1.12 trillion ($47.64 million) in 2023, down 56% year-on-year.

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

MB Bank targets $1 bln profit in 2023

MB Bank targets $1 bln profit in 2023

State-controlled Military Bank (MB Bank) is expecting a pre-tax profit of VND26.1 trillion ($1.11 billion), up 15% year-on-year.

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

Vinamilk projects flat profit in 2023

Vinamilk projects flat profit in 2023

Vietnam’s largest dairy manufacturer Vinamilk is targeting after-tax profit of VND8.62 trillion ($367 million) in 2023, flat compared to the previous year.

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

Sacombank expects 50% profit hike to $405 mln in 2023

Sacombank expects 50% profit hike to $405 mln in 2023

Vietnamese lender Sacombank is expecting pre-tax profit of VND9.5 trillion ($405 million) in 2023, up 50% year-on-year.

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

Techcombank targets $938 mln profit in 2023

Techcombank targets $938 mln profit in 2023

Techcombank, one of Vietnam’s leading private lenders, expects consolidated pre-tax profit of VND22 trillion ($937.6 million) in 2023, down 14% year-on-year.

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

Multi-sector firm REE targets profit of $114 mln in 2023

Multi-sector firm REE targets profit of $114 mln in 2023

Vietnam's leading multi-sector corporation REE is targeting revenue of VND10.96 trillion ($464.79 million) in 2023, and after-tax profit of VND2.7 trillion ($114.48 million), up 17% and 0.3% year-on-year, respectively.

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

MobiFone reduces 2023 profit target

MobiFone reduces 2023 profit target

MobiFone, Vietnam's major mobile operator, has reduced its 2023 business targets to lower than last year's actual figures, with after-tax profit at VND2,170 billion ($92.55 million), down 23%.

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

Major pharma firm DHG targets $47 mln in 2023 profit

Major pharma firm DHG targets $47 mln in 2023 profit

Hau Giang Pharmaceutical Joint Stock Company (DHG Pharma) targets VND1.13 trillion ($47.33 million) in pre-tax profit next year, a year-on-year increase of 32.5%.

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

Vietnam strives for 7% GDP expansion this year

Vietnam strives for 7% GDP expansion this year

Vietnam, one of the world’s fastest-growing economies, is eyeing economic growth of 7% this year, higher than the previously-set target of 6-6.5%.

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