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Saigon Beer brewer Sabeco saw revenue jump 33% from 2021 to VND35.24 trillion ($1.5 billion) last year as consumption bounced back after two years of Covid-19. The brewer’s post-tax profit surged nearly 40% to VND5.5 trillion, the highest level since it was sold to ThaiBev in 2017. “The company has …

The government has extended the 30% cut in land-use fee it made last year for one more year to support economic recovery. Green-lighting a proposal made by the Ministry of Finance two weeks ago, it said this year many sectors such as property, agriculture and mining are set to face …

After the four state-run banks announced profits of around the US$1-billion mark for 2022, private lenders Techcombank and VPBank have followed suit. Top private bank Techcombank reported a 10% rise in pre-tax profits to VND25.6 trillion ($1.08 billion) to rank second behind only public sector giant Vietcombank. Its net interest …