The gross loss of Vingroup’s electric vehicle brand VinFast saw an increase of 7.3 per cent last year when the company expanded its commercial footprint.
Without clarity on the feed-in-tariff (FiT) scheme from 2022 onward, investors are facing too much uncertainty to commit to new wind projects in Vietnam, jeopardizing the future pipeline and leading to job cuts in the sector.
Thousands of micro, small, and medium enterprises, and millions of farmers across Asia and the Pacific stand to benefit from the first phase of Covid-19 crisis response funding from IFC, a member of the World Bank Group.
The report of humanitarian group Oxfam reveals that the social and economic fallout from the Covid-19 pandemic as mass unemployment, disruption to food production and supplies and declining aid could push 121 million people to the brink of starvation this year.
The national carrier is seeking $500 million government support as it is struggling amid the Covid-19 pandemic.
The tragic loss of the six-year-old school boy has caused fury among locals over the private school’s total recklessness.
In the oral care market, the US based toothpaste company Colgate-Palmolive Vietnam is facing fierce competition from P/S and Closed Up and many other specialized brands.
Despite being the exclusive distributor of the Premier League in Vietnam, the leading pay-TV K+ still suffered an accumulated loss of $103 million.
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Strong growth of sales over the past years helped Lotte Vietnam boost its profit but it still cannot offset its accumulated losses.
Within five years after being operated by Vietnam Airlines, Jetstar Pacific has never competed with VietJet Air and it also broke loss records even though its revenue has grown in line with the overall trend of the market.
Vietnam Manufacturing Purchasing Managers’ Index (PMI) in July indicated a slight ease of output, new orders and job creation rate but still business confidence seen picked up.
Jetstar Pacific, the first low-cost carrier in Vietnam, has repeatedly reported losses over the past few years with the accumulated loss of $184 million, exceeding its charter capital.
Accumulated losses from leading e-commerce websites such as Lazada, Tiki, Shopee or Sendo are on the sharp rise, mainly due to the high sales expenses and in some cases, high management expenses.
The Singapore-based GIC Pte Ltd has suffered a loss of VND120 billion or $5.27 million, equivalent to 60 per cent of value on its four-year investment in the taxi firm Vinasun.
