Kido reports bleak business in cooking oil segment

Kido reports bleak business in cooking oil segment

The decrease in the cooking oil revenue brought down the net revenue of Kido Corporation in the first quarter of this year.
HDBank reports record audited pre-tax profit growth

HDBank reports record audited pre-tax profit growth

HDBank posted the highest-ever pre-tax profit touching $174 million in 2018, a 65.7 per cent jump against the prior year and surpassing the full-year target.
Banking sector bad debts under microscope

Banking sector bad debts under microscope

Local credit institutions have been praised for combating bad debts last year, challenging other private and state lenders to follow suit.
Licogi cannot cover debts with tiny profit

Licogi cannot cover debts with tiny profit

Construction giant Licogi earned little after-tax profit in recent years, which cannot cover the instalment payments of its half a trillion dong debts.
SCG announces  numerous record in 2018 operating results

SCG announces numerous record in 2018 operating results

SCG has posted positive performance in 2018 and has launched two key strategies for the year ahead.
HDBank ends 2018 with a bang

HDBank ends 2018 with a bang

Ho Chi Minh City-based commercial lender HDBank registered very upbeat business results in 2018 with strong growth across the board.
Conversion of VAS financial statements to IFRS among Vietnamese firms

Conversion of VAS financial statements to IFRS among Vietnamese firms

PwC Vietnam recently organised two workshops to help Vietnamese companies reach international financial reporting standards and comply with the MoF's roadmap.
Vinafood 2 deep in losses after successful IPO

Vinafood 2 deep in losses after successful IPO

The outstanding loans of Vinafood 2 stood at nearly $101.25 million at the end of 2017 and business is rather slow, despite a successful IPO last year.
Vinhomes makes stock exchange record in market capitalisation

Vinhomes makes stock exchange record in market capitalisation

Vinhomes expects to list 2.68 billion shares on the Ho Chi Minh City Stock Exchange on May 17, reaching a record market capitalisation of $13-13.5 billion.
Shrinking profit stands in way of Sabeco’s overseas expansion

Shrinking profit stands in way of Sabeco’s overseas expansion

Falling profit figures may hinder new members of the Sabeco management board in realising the promise to take Sabeco and 333 Beer overseas.
Viettel reports $1.7 billion revenue from overseas markets

Viettel reports $1.7 billion revenue from overseas markets

Viettel reported $1.7 billion revenue from overseas markets, a whopping nine times higher than the average growth of the global telecommunications sector.
TTC Land triples first quarter revenue over-year

TTC Land triples first quarter revenue over-year

TTC Land reported stellar revenue in the first quarter of 2018, tripling the figure in the previous year.
HAG and its agribusiness unit face probable delisting

HAG and its agribusiness unit face probable delisting

The HCM Stock Exchange has warned Hoang Anh Gia Lai JSC (HAG) and its agribusiness arm, Hoang Anh Gia Lai Agricultural JSC (HNG), of probable delisting if they fail to submit the financial statements for 2017.
Shining a light on related party disclosures

Shining a light on related party disclosures

KPMG Vietnam audit partner Tran Hang Thu writes that it is time to cut through the complexity of related party disclosures.
New circular to enforce independent audits

New circular to enforce independent audits

All credit institutions and branches of foreign banks in Vietnam will have to obey rules on independent audit beginning January 1, according to a new circular issued on December 15 by the State Bank of Vietnam (SBV).
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