Tuesday , November 26 2024

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Sabeco posts biggest quarterly profit since acquisition by Thai firm

Sabeco posts biggest quarterly profit since acquisition by Thai firm

Vietnam’s largest brewer Sabeco reported post-tax profits of VND1.79 trillion ($76.6 million) for the second quarter, the highest since ThaiBev acquired it in 2017. It represented a 67 percent increase year-on-year, while revenues were up 25 percent to VND9 trillion. The management said the lifting of social distancing restrictions, resumption …

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VN-Index hits 4-week high

VN-Index hits 4-week high

Vietnam’s benchmark VN-Index rose 1.43 percent to 1208.12 points Thursday, highest in four weeks, as global markets closed in the green after the U.S. Federal Reserve hiked rates. The index closed 17 points higher after gaining nearly 6 points on Wednesday. This was its biggest gain in two weeks. Trading …

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Government urged to incentivize investment in oil production

Government urged to incentivize investment in oil production

Vietnam needs to offer better incentives and bonuses to attract private and foreign investment into the oil and gas industry, experts said. The number of contracts for exploration and drilling fell from 35 in 2009-2014 to just three in the next five years. No new contract has been signed in …

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