When Lotte Vietnam to turn profit?

When Lotte Vietnam to turn profit?

Lotte Vietnam says that it will take 5-8 years from the opening day to the breakeven point, but 11 years into business, it's still reporting massive losses.
Tiki reports second year of losses

Tiki reports second year of losses

Tiki’s consecutive losses raise the question whether these are still planned losses or are a result of losing the e-commerce race to competition.
Inundating losses may force Ha Bac Fertiliser out of business

Inundating losses may force Ha Bac Fertiliser out of business

Flooded by consecutive massive losses, Ha Bac Nitrogenous Fertiliser & Chemicals JSC (Ha Bac Fertiliser) may find it difficult to remain in operation.
Everpia sets ambitious targets for 2018

Everpia sets ambitious targets for 2018

Everpia deputy general director Yu Sung Dae shares the considerations behind buying out Texpia and his confidence in the company’s ambitious targets for 2018.
Fate of Ban Phuc Nickel remains murky

Fate of Ban Phuc Nickel remains murky

The fate of Ban Phuc Nickel mine invested by Ban Phuc Nickel Mines Limited Liability Company (BPNM) remains uncertain.
Gas and oil firms fall on hard times in real estate sector

Gas and oil firms fall on hard times in real estate sector

Medium- and small-scale domestic gas and oil firms are suffering heavy losses from real estate investments.
Big names face tax scrutiny

Big names face tax scrutiny

Big-name foreign companies such as Adidas, Coca-Cola and PepsiCo are facing scrutiny from local tax authorities on transfer pricing possibility in Vietnam.
Taxing issue still burns

Taxing issue still burns

A massive round of government inspections into possible transfer pricing at foreign-invested enterprises has boosted state coffers.
Ministries differ on state of fuel distributors

Ministries differ on state of fuel distributors

The Ministers of Finance and Industry and Trade brought intrigue to the Q&A session at the ongoing National Assembly meeting yesterday, given their different information on the financial state of the fuel trading sector.
Transfer pricing not in vogue

Transfer pricing not in vogue

"These first results in the fight against transfer pricing in foreign-invested enterprises (FIEs) are a real highlight for tax authorities "
Small airports seek big solutions

Small airports seek big solutions

Higher service rates will help small airports stay sky high.
Petrolimex defends itself from profiteering claims

Petrolimex defends itself from profiteering claims

After the negative reaction to its healthy financial report, the state-owned Vietnam National Petroleum Corp (Petrolimex) has gone on the record to defend its profits.
Petrolimex ‘suddenly’ makes profit prior to IPO

Petrolimex ‘suddenly’ makes profit prior to IPO

In its latest financial report, the Vietnam National Petroleum Corporation, or Petrolimex, posted a whopping profit of VND913 billion ($46.555 million) in 2008, taking the public by surprise as it was also in 2008 that the giant state firm reported a loss of over VND10 billion.
Brokerages report heavy 2010 losses

Brokerages report heavy 2010 losses

Eighty-seven out of over 100 securities companies have posted their 2010 business results, and 24 of these incurred losses last year which totalled a combined VND574 billion ($27.5 million).
Vigilence to detect transfer pricing cases

Vigilence to detect transfer pricing cases

Tax declaration inspections of foreign-invested enterprises are to be stepped up to discover any transfer pricing cases.
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