brave-ledger-verification=c6e7ae9820dff1923729e2a580efb43dfca7423b9cad80885864c1acc8eb2a22

Tag Archive for ‘Profit’

Warnings over previous Made in Vietnam car failure

Director of Xuan Kien Automobile Joint Stock Company (Vinaxuki) Bui Ngoc Huyen claims the failure of Made in Vietnam cars was particularly due to capital difficulties. Huyen said that he carried out research on Made in Vietnam car production and they had been highly appreciated by the National Council for Science and Technology Policy. After […]

Vietnam’s eight-month credit growth rate touches 11.5%

Credit growth rate in the first eight months of 2017 has been estimated at 11.5% compared to the end of 2016, the National Financial Supervisory Commission (NFSC) reported. As per the report, this figure is 1.3 percentage points higher than the first eight months of 2016. Short-term loans rose by 14.1%, accounting for 45.9% of […]

Vinalines’ designs to maintain controlling stake in three strategic seaports

Vietnam’s shipping group Vinalines are looking to keep holding at least 65% of the chartered capital in large-scale seaports in Haiphong, Danang, and Saigon, which are considered geese that lay golden eggs. Recently, Vinalines has proposed the Ministry of Transport (MoT) to authorize it to spend VND247.5 billion ($10.9 million) on buying 2.475 million of […]

Vietnam’s land use efficiency remains low

Land use efficiency in cities in Vietnam remains low due to delayed projects, unused houses and improper land use planning, according to experts. Chairman of Vietnam Construction Association Tran Ngoc Hung said that on average, every square kilometre of urban land in Vietnam was used by about 2,100 people, while in other Asian countries, the […]

Vietnam market to maintain upward trend in September 2017

It’s expected to be a strong September on the local stock market, as investors are maintaining confidence after positive economic data in August and a period of prolonged net buying by foreign traders. The VN-Index on the HCM Stock Exchange increased 2.2 per cent last week, with gains in four out of total five sessions. […]

Vietnam to see cut throat competition in petroleum market

Formerly a country that exported crude oil at low prices, Vietnam now produces petroleum products which can satisfy half of domestic demand. Vietnam’s oil refining industry is built based on two huge projects capitalized at multi-billion dollars – Dung Quat Oil Refinery and Nghi Son Petrochemical & Oil Refinery Complex. In 2009, the $3 billion […]

PetroVietnam to begin large-scale divestment

Vietnam National Oil and Gas Group (PetroVietnam) will complete the divestment from several subsidiaries by 2020, according to newswire Petrotimes. Accordingly, PetroVietnam is permitted to retain its entire holdings in only three subsidiaries, namely the parent company PetroVietnam, National Southern Spill Response Centre (Nasos), and PetroVietnam Manpower Training College. PetroVietnam will have to divest part […]

Convenient stores run for market share in HCM City

Businesses in HCMC have been rushing to open convenient stores, which now total 1,050 with the growth rate of 100 percent for the last three consecutive years, according to reports by the Department of Industry and Trade. After owning over 100 Co.op Food stores mainly selling food, foodstuff, fresh and processed food and other essential […]

Vietnam businesses report huge profit for H1 2017

Businesses in the finance and banking sector continued to prosper in the first six months of the year. Listed companies have released their financial reports for the first half of the year. About 50 percent of businesses have reported growth in net profit, 40 percent have reported decreases in profit, and less than 10 percent […]

Grab and Uber fined, Mai Linh and Vinasun losing value

From early 2017, nearly 100 Grab and Uber drivers have been financially penalized for nearly VND350 million (15,400) due to lack of listed identification information, such as name and phone number of the companies. At the same time, both Grab and Uber still enjoy substantial growth in customer base, while traditional taxi operators Mai Linh […]