Major Vietnamese firms call for stable exchange rate

Major Vietnamese firms call for stable exchange rate

Major Vietnamese companies, including energy giant Petrovietnam, real estate developer Sun Group and national carrier Vietnam Airline, have asked the central bank to keep the VND/USD rate stable amidst global financial turbulence.

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

Fiber industry may collapse without bank support: Vinatex chairman

Fiber industry may collapse without bank support: Vinatex chairman

Vietnam’s textile and garment sector is facing huge difficulties caused by the global situation and domestic interest and exchange rate policies, with the fiber industry likely to disappear in the near future without bank support, said Le Tien Truong, chairman of Vietnam's largest garment maker Vinatex.

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

Taiwanese footwear maker readies $62 mln for Vietnam Lunar New Year bonuses

Taiwanese footwear maker readies $62 mln for Vietnam Lunar New Year bonuses

PouYuen Vietnam, a Taiwanese footwear maker with the largest workforce in Ho Chi Minh City, will give Tet (Lunar New Year) bonuses worth VND1,505 billion ($61.8 million) to its employees.

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

Vietnam textile giants see Q1 profits plunge

Vietnam textile giants see Q1 profits plunge

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

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

Textile giant Vinatex's 2022 profit shrinks 19%

Textile giant Vinatex's 2022 profit shrinks 19%

Vietnam's largest textile and garment maker Vinatex reported an after-tax profit of VND1,069 billion ($45.58 million), down 19% year-on-year.

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

National textile group Vinatex sees year profit up 15% to $46 mln

National textile group Vinatex sees year profit up 15% to $46 mln

Vietnam's largest garment maker Vinatex has estimated a consolidated profit of VND1.09 trillion ($46.22 million) in 2022, up 15% year-on-year and exceeding the year target by 14.6%.

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

Garment, textiles post record-high export growth in tough times

Garment, textiles post record-high export growth in tough times

Vietnam’s garment-textile export turnover reached $30.2 billion in the first eight months of the year, a year-on-year increase of 20% and the highest growth rate in the last decade.

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

National textile group Vinatex earns $42 mln in H1 profit

National textile group Vinatex earns $42 mln in H1 profit

Vinatex, the largest Vietnamese garment maker, earned a pre-tax profit of VND980 billion ($42 million) in the first half of the year, up 55.6% year-on-year and exceeding the whole year’s target by 3%.

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

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