Quarters financial

The company basically completed all of its targets in 2020. It operated the Dung Quất Oil Refinery in a safe and stable manner, with average operational capacity at 105 per cent and total output at about 5.95 million tonnes, surpassing the target by 7 per cent. … [Read more...] about BSR posts after-tax profit of more than $54m in Q4 2020

A rise in both the number and the value of mergers and acquisitions (M&As) in Vietnam last year and early this year have signaled that M&As are booming in the country. According to auditing firm Pricewater House Coopers (PwC)’s statistics, there were 295 M&As worth a combined 1,138 million USD in the country last year, up 77 percent over the previous year. In the first quarter of this year, the market was more ebullient with larger acquisitions: the Vietnam Industrial and Commercial Bank (Vietinbank) sold 10 percent and 15 percent of its statutory capital to the International Finance Corporation (IFC) and Canada ’s Nova Scotia Bank respectively, and VNPT Global sold 10 percent of its shares to the Singapore Technologies Telemedia (ST Telemedia). Notably, the Hung Vuong Fishery Joint Stock Company (HVG) offered to buy 3.75 million shares of the An Giang Fishery Import-Export Joint Stock Company (AGF) in a bid to raise its share in AGF to 51 … [Read more...] about M&A boom building up steam in Vietnam

Huawei has suffered from 5G rollout bans in the US and a number of EU nations, with some leaders questioning the groups’ security. But it continued to grow in 2020, although slowdown in growth was reported. Revenue in the first nine months reached ¥671.3 billion ($103.57 billion), up 9.9 per cent from 2019, versus 24.4 per cent over the same period a year earlier. Net profit margin for the nine months was 8.0 per cent, versus 8.7 per cent over the same period a year earlier. … [Read more...] about Tech giants building on ICT potential

Lan said that according to the Resolution of the 17th Ha Noi Party Congress, the industry’s structure in the capital city would change significantly, with construction and industry accounting for 22.5-23 per cent, services by 65-65.5 per cent and agriculture accounting for a very modest proportion. This would have significant impact on the city’s industry and trade sector, Lan said. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 22