brave-ledger-verification=c6e7ae9820dff1923729e2a580efb43dfca7423b9cad80885864c1acc8eb2a22

Tag Archive for ‘Revenue’

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 […]

PV Drilling to sign $6 million deal with KrisEnergy

PetroVietnam Drilling & Well Service Corporation last week signed a contract worth over US$6 million for providing jack-up rig “PV Drilling I” and drilling services to Singapore-based KrisEnergy (Gulf of Thailand) Ltd. Work is scheduled to start in October, 2017. According to the signed contract, PV Drilling I will be performed in Block G10/48 in […]

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 […]

Vietnam’s August 2017 retail sales in huge surge

Vietnam’s total revenue from retail sales and services reached 2.58 quadrillion VND (114.7 billion USD) in the first eight months of this year, a year on year increase of 10.3 percent, reported the General Statistics Office (GSO). The figure amounted to an 8.9 percent increase, excluding the price factor, the highest rise recorded since the […]

Firm willing to pull golf course to facilitate Tan Son Nhat expansion

The developer of a golf course adjacent to Tan Son Nhat International Airport in Ho Chi Minh City is willing to scrap its investment in exchange for compensation for the expansion of the overloaded aerodrome. Long Bien JSC (Lobico) is ready to transfer back the land the golf course is currently situated on at the […]

Petrolimex sell-off to come in 2018

Vietnam National Petroleum Group, the country’s state-owned biggest petroleum distributor, will see a large state divestment in 2018, paving the way for foreign investors to access the profitable business. Vietnam National Petroleum Group (Petrolimex) will see a 24.9% stake, held by the state, sold off in 2018 under the Decision No.1232/QD-TTg, signed by Deputy Prime […]

MoIT stake sale’s main lure: VEAM

The Ministry of Industry and Trade has announced plans to divest from six firms under its management from now until 2020, most notably, in this year’s sell-off of Vietnam Engine and Agricultural Machinery Corporation stock. Last week, a list of six firms slated for partial and complete divestment was released by the Ministry of Industry […]

Vietnam looks to increase exports to the Middle East

A conference on Vietnam-Middle East business cooperation was held in Hanoi on August 28, drawing more than 40 leading Vietnamese export firms. Addressing the event, Minister of Agriculture and Rural Development Nguyen Xuan Cuong said that the Middle East is a huge market and a gateway to the European market. Vietnam eyes high hope for […]

Foreign investment on the rise in Vietnam

The foreign investment is looking up, as the total capital pledged for investment in the country until August 20 was nearly equal to that for the entire 2016. The reports from the Foreign Investment Agency showed that foreign investors had registered to invest US$23.36 billion into Việt Nam in the January-August 20 period, up 45.1 […]