Business

  Việt Nam’s corporate bond market amounts to nearly 16 per cent of GDP and is the fastest-growing market in Asia over the past 15 years.  Photo vneconomy.vn HÀ NỘI — The risk of corporate bond defaults will keep increasing unless legal loopholes in the market are plugged, according to experts. Nguyễn …

Profit after tax in the last quarter of 2021 of Hung Thinh Incons was 1.7 times higher than the same period last year. Hung Thinh Incons Joint Stock Company (Hung Thinh Incons, HOSE: HTN) has just announced its consolidated financial statements for the last quarter of 2021. It reached more …

Taxi company Vinasun laid off more than 2,500 employees, including some 1,800 drivers last year with the Covid-19 pandemic causing business to shrink significantly. According to its newly released financial report, Vinasun had 1,877 employees at the end of 2021, down more than 2,500 people against the beginning of the …

  Customers buy speciality products at the Tết Green Market-Vietnamese Gift fair being held at 135A Pasteur in HCM City’s District 3. — Photo Trần Quỳnh HCM CITY — Hundreds of different farm products grown to good agricultural practices and organic standards and speciality products from across the country are …

Vingroup made after-tax losses of over VND7.5 trillion ($326 million) in 2021, its first ever loss, citing funding for the pandemic fight and heavier investments in electric car development. Vietnam’s biggest private conglomerate’s net revenues stood at VND125.306 trillion last year, up 13 percent over 2020. Vingroup said some of …

The Nghi Son Refinery and Petrochemical Company and state-run PetroVietnam (PVN) have reached a short-term financial assistance deal to keep Vietnam’s largest refinery going. The new deal will help enable the cash-strapped Nghi Son Oil Refinery to continue operations, Do Thang Hai, deputy minister of industry and trade, told VnExpress …

Vietnam will cut its value-added tax by 2 percentage points to 8 percent starting Feb. 1 to boost recovery after two years of Covid-19 impacts. The tax break will last until the end of other year, according to a government decree issued Friday. Some sectors that will not be eligible …

Vincom Retail saw its post-tax profit last year plunging 45 percent year-on-year to VND1.32 trillion ($58 million) amid a lease reduction to support businesses affected by the pandemic. The retail real estate arm of conglomerate Vingroup stated it had spent a total VND2.12 trillion on lease discounts last year to …

  Solar panels. Illustrative image. VNA/VnExpress News Photo HÀ NỘI — Thai energy company Banpu PCL has agreed to acquire the companies holding a 50MW portfolio of two solar parks in Việt Nam in a deal worth US$26.7 million, according to the company. The two are the 15MW Chu Ngọc …

  Farmers tend flowers they grow for Tết in Đồng Tháp Province’s Sa Đéc City. – VNA/VnExpress News Photo Nguyễn Văn Trí HCM CITY – Farmers in the Cửu Long (Mekong) Delta are getting high prices for flowers and ornamental plants since they reduced production for Tết (Lunar New Year) …