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
Agricultural machinery major VEAM earns big amid 'storm' of executive arrests
The Vietnam Engine and Agricultural Machinery Corporation (VEAM) remains strong with huge annual profits, despite the fact a string of sitting and former executives have been arrested, prosecuted and tried in management-related criminal cases since 2019.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sitting, former executives of agricultural machinery major VEAM arrested
A deputy general director and a former general director of the Vietnam Engine and Agricultural Machinery Corporation (VEAM) have been arrested pending investigations into suspected management violations.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Agricultural machinery major VEAM earns $50 mln in Q1 profit from joint ventures, associates
Vietnam's leading manufacturer of agricultural machinery VEAM reported profit of VND1.18 trillion ($50 million) from eight joint ventures and associates in the first quarter of this year, down 11% year-on-year and accounting for 85% of its after-tax profit.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Ministry to reap massive dividend from machinery firm VEAM
The Ministry of Industry and Trade will net at least VND4,746 billion ($204 million) from 2021’s dividend payments by Vietnam Engine and Agricultural Machinery Corp. (VEAM), which holds major stakes in carmakers Honda Vietnam, Toyota Vietnam, and Ford Vietnam.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Former machine maker VEAM chairman sentenced to 11 years in prison
Tran Ngoc Ha, former chairman of the Vietnam Engine and Agricultural Machinery Corporation (VEAM), was sentenced to 11 years in prison on Tuesday for violating regulations on management and use of state assets.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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