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Lotte declined to sell its entire business in Vietnam despite $35 million of accumulated losses

The mammoth Korean retail group, Lotte has no plan to leave Vietnam despite its current inefficient operation as the group targets to start making profit by 2020.

Taking position in $439 million of pretax profit - race of Tecombank and VPBank

The ambitious targets set by banks in 2018 forecast that the private banks will usurp the state owned commercial ones.

Southeast Asia Joint Stock Commercial Bank purchases Post and Telecommunication Finance Company

The Post and Telecommunication Finance Company which has lost for many years was auctioned with a starting price of VND500 billion (roughly US$22 million) by VNPT on February 1.

Viettel Global owning equity value of US$2.2 billion plans to list on UPCOM

Viettel Global Investment JSC (Viettel Global), a subsidiary of Viettel, plan to list 2.24 billion shares on the Unlisted Public Company Market (UpCOM), according to its Board of Directors.

Viettel achieved record profit of nearly US$1.7 billion in the first 11 months, far surpassing Mobifone

According to the representative of the Military Telecom Corporation (Viettel), the Corporation’s revenue in November reached more than VND20,367 billion (US$898 million) and the revenue accumulated to November was VND218,916 billion (US$9,65 billion).

Masan earned profit of nearly US$47.3 million in the third quarter

Profit of Masan Group recovered after a sharp decline in the first half of 2017.

Viettel ranks No. 01 in the 2017 Profit500 list

Viettel tops the list while Samsung Electronics Vietnam and Vietnam National Oil and Gas Group (PetroVietnam) rank second and third, respectively, according to the list of 500 most profitable companies in Vietnam in 2017, briefly called Profit500 list just announced.

Mobile World JSC gained US$64 million of profit after 8 months

In the first eight months of 2017, The gioi Di dong (Mobile World) earned the revenue of VND42,283 billion (roughly US$1.86 billion), a year on year increase of 56 percent.

FPT gained US$74.79 million of profit after 8 months

The earnings before tax in technology and telecommunications which are the two core areas of FPT, a multinational information technology company of Vietnam, has increased by 28 per cent and 13 per cent respectively, compared to the same period of last year.

Vietnam subsidiaries named major contributors to US$ billion profits of Samsung Electronics

Net profit at the four Samsung subsidiaries in Vietnam reached VND70.7 trillion (US$3.2 billion) in the first half of the year 2017.

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