While major consumer finance firms in Vietnam have reported strong growth, Mcredit posted an unexpected 87 per cent drop in profit for the first half of 2024.
Phu Thai Holdings has successfully maintained strong profit growth despite the crisis, thanks to its enhanced core capabilities and accelerated development strategy.
Non-financial companies are poised for continued profit growth in the second half of 2024, buoyed by a favorable monetary policy environment.
Vietcombank has announced the highest pre-tax profit in the banking sector for the second quarter and the first half of 2024, even as core revenue streams show a downturn.
This ambitious target comes as the company anticipates substantial contributions from several key projects slated for unveiling in the latter half of the year
The national flag carrier has revealed its second quarter’s business results with a VND51.6 trillion ($2.24 billion) in revenue, up 5.5 per cent on-year. Its pre-tax profit has nevertheless been down by almost 11 per cent on-year to VND1.65 trillion ($71.73 million).
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When investing in homestay properties has emerged as a new trend, investors ought to take into account a number of factors to maximise their profit in the long term.
Despite owning some big road projects, CII expects 95 per cent of its profit this year to come from real estate investment.
After a year of breakthrough, Vietnam’s commercial banks have become more cautious, setting lower profit targets this year.
While both Vietcombank and BIDV announced significant profit growth, Vietinbank remained quiet and kept secret until the end.
Foreign direct investment enterprises achieved the highest profit growth amongst the economic sectors, but contributed $11.4 billion only to the State budget, equaling to 28 per cent.
High cost of sales leads to rather modest profits of UNIBEN over the last few years, even lower than the profit of Miliket, an effete brand.
Although Piaggio's sale in Vietnam decreased sharply compared to previous years, its profit still reached $17-21 million per year in the last three years.
Heineken Vietnam Brewery recorded a profit margin of 40 per cent, much higher than Sabeco's 17.6 per cent but its market share still lagged behind its rival which is dominating the beer industry.
