Vietnam property market

According to Euromonitor, tea and coffee chains in Vietnam have revenue of $1 billion a year, but mid- and high-end chains only make up 15-20 percent. According to Euromonitor, tea and coffee chains in Vietnam have revenue of $1 billion a year, but mid- and high-end chains only make up 15-20 percent. … [Read more...] about High-end brands target mid, low-end market to offset revenue losses

During the current outbreak, Vietnam Airlines reported that they may suffer a loss of VND15trn (USD645m) in 2020. In the financial report, Vietnam Airlines announced that they will be able to operate only 14.5 million flights this year, a 36.8% decrease compared to last year. The carrier will carry 2 million international passengers and 12.3 million domestic passengers. Revenue for 2020 is estimated at VND40.6trn (USD1.7bn) or 40.5% of 2019's revenue. The mother company alone will suffer losses of VND14.4trn and a revenue fall of 56.4%. The data excluded unsuccessful activities like when they failed to sell two Airbus 321s in June and six Airbus 321s in late 2020. The pandemic has depleted cash flow and caused huge losses. As a result, Vietnam Airlines said they have applied various measures to cut costs, negotiate with EU export credit agency and local banks. They have also asked the government to provide support to overcome the difficulties. Moreover, Vietnam Airlines must carry … [Read more...] about Vietnam Airlines plans to sell off aircraft to save losses

The latest coronavirus outbreak has spread to 15 cities and provinces across three regions of the country. Da Nang topped the list with 246 cases, followed by Quang Nam (67), Ho Chi Minh City (8), Quang Ngai (6), Bac Giang (6), Hanoi (5), Lang Son (4),  Dak Lak (3), Quang Tri and Dong Nai (2 each), and Thanh Hoa, Hai Duong, Thai Binh, Ha Nam and Khanh Hoa (1 each). … [Read more...] about COVID-19: Two more cases detected, Vietnam has 812 in total

Mai Linh has now temporarily ceased operations in Da Nang City and Hoi An Town, the country's coronavirus hotspots. Its revenue in these localities and in some other tourist destinations like Nha Trang and Da Lat have dropped by up to 50 percent from earlier. … [Read more...] about Second Covid-19 wave tougher for business: corporate leaders

“As a company directly affected by the external environment, KDF has always been proactive, closely monitoring the market situation. KDF has proactively implemented many measures to boost sales such as shifting the distribution channel, flexibly bringing products closer to consumers, and relocating food cabinets. Grasping the rapidly increasing consumption trend in modern channels such as minimarts, supermarkets and others, KDF continues to promote sales from these channels,” it said. … [Read more...] about KDF reaches 94 per cent of annual pre-tax profit target