Vietnam Airlines reports $430M loss on fuel price, exchange rate volatility
companies | 451426507Vietnam Airlines reported a loss of VND10.09 trillion ($430.3 million) last year and blamed it on rises in fuel prices and exchange rate volatility.
Chaos at Hoa Binh Construction over chairman appointment
companies | 451316508There has been chaos at construction giant Hoa Binh Construction Group for the last two weeks, with its board of directors bickering over who the chairman is.
Steelmaker Hoa Phat reports bigger losses in Q4
companies | 451196507Hoa Phat Group, Vietnam’s biggest construction steel firm, posted net losses of nearly VND2 trillion ($84.7 million) in Q4 last year, higher than the losses of roughly VND1.8 trillion in Q3.
Arbitration Center rules Le Viet Hai still chairman of Hoa Binh Construction
companies | 450996508Embattled Le Viet Hai remains chairman of construction giant Hoa Binh Construction Group, the Vietnam International Arbitration Center has ruled.
Vietnam EV maker VinFast plans promotions in response to Tesla price cuts
companies | 451026508Vietnam's electric-vehicle (EV) maker VinFast said on Thursday it will launch promotions to protect the market competitiveness of its models, a week after Tesla announced aggressive discounting to spur demand.
Vietnam Airlines revenues at 74% of pre-Covid levels
companies | 450946508Vietnam Airlines reported revenues of VND72.36 trillion (US$3.02 billion) in 2022, 74% of the 2019 figure.
Grab to charge extra during Tet holidays
companies | 450936508Ride hailing company Grab will impose a surcharge of VND5,000-15,000 (US$0.21-0.64) on fares during the Lunar New Year (Tet) holidays later this month.
Gilimex profits plummet as Amazon slashes orders
companies | 450686507Garment manufacturer Gilimex’s profits plunged 92% year-on-year in the last quarter to VND10 billion ($426,000) as e-commerce giant Amazon canceled most of its orders.
Gojek Vietnam hires new general manager
companies | 450396507Ride-hailing and delivery company Gojek has appointed Sumit Rathor as the new general manager of its Vietnam operation.
SASCO profits soar 77 times
companies | 450416507Southern Airports Services JSC reported a pre-tax profits of roughly VND230 billion ($9.7 million) in 2022, the highest over the past three years, and up 77 times against 2021.