Loss: "King of shrimp" Minh Phu faces loss on fierce competition against Ecuadorean, Indian rivals

08/11/2023 - 13:26
"King of shrimp" Minh Phu faces loss on fierce competition against Ecuadorean, Indian ...

Minh Phu's difficulties show that Vietnam's shrimp industry needs a new development strategy in a more sustainable way.
15/06/2023 - 16:25
Bamboo Airways suffers a heavier loss than Vietnam Airlines and Vietjet Air in ...

In 2022, Bamboo Airways recorded a loss of VND17.6 trillion ($748 million), which is nearly $84 million more than the combined deficit of Vietnam Airlines and Vietjet Air.
04/05/2023 - 23:00
Vietnam Airlines still incurs losses despite revenue surge in Q1

National flag carrier Vietnam Airlines recorded an after-tax loss of VND37 billion (US$1.6 million) in the first quarter of this year although its consolidated revenue skyrocketed 202 percent year on year.
11/04/2023 - 23:30
Insurer Manulife records $236 mln loss after 25 years in Vietnam

Canada-headquartered life insurer Manulife made an accumulated after-tax loss of nearly VND5.53 trillion ($236 million) by the end of 2022 after nearly 25 years in Vietnam.
14/10/2021 - 14:12
Vietnam Airlines to organize an extraordinary shareholder meeting

Vietnam Airlines has announced to hold an extraordinary general meeting of shareholders on November 30, 2021.
09/01/2021 - 00:09
Vietnam Airlines gets gov’t approval for $173 mln loan to weather COVID-19 ...

Vietnam Airlines has got government’s approval for VND4 trillion ($173 million) refinancing loan with preferential rate at zero percent, Dau Tu Newspaper cited informtion from the government official letter.
07/01/2021 - 11:39
32.1 million Vietnamese workers hurt by Covid-19 in 2020

The unprecedented impacts of the Covid-19 pandemic have forced 32.1 million Vietnamese workers aged 15 or above to either lose their jobs or have their working hours reduced in 2020.
30/12/2020 - 21:36
Vietnam Airlines to issue $346 mln in shares to support recovery

Vietnam Airlines said it would issue nearly $346 million worth of shares for existing stakeholders to boost its recovery from the impacts of the coronavirus pandemic and return to profitability by 2023.
29/12/2020 - 14:34
Vietnam Airlines estimates $620 mln loss in 2020, lower than expected

National flag carrier reported a loss of VND14,445 billion ($620 million) in 2020, lower than expectation, company leaders told the extraordinary shareholder meeting held on Tuesday.
13/10/2020 - 15:42
Vietnam Airlines reports $463mln losses in 9 months

Vietnam’s national flagged carrier Vietnam Airlines said it suffered VND10,750 billion ($463 million) losses in the first nine months of this year since the Covid-19 pandemic hit aviation sector.
12/10/2020 - 14:08
12 ailing state-managed projects mired in $2.7 bln debt

Several state-owned companies have lost money and piled up over VND63.3 trillion ($2.73 billion) worth of debts as a result of poor execution of 12 factory construction and expansion works.
18/08/2020 - 14:53
Domestic airlines ask for Government loan of $1.16 billion

The Vietnam Aviation Business Association has proposed the Government lend domestic airlines a credit package of VND25 trillion-VND27 trillion ($1.07 billion-$1.16 billion) at a preferential interest rate for a three-four year term.
15/08/2020 - 08:52
Vietnam Railways posts first H1 loss in a decade

The Vietnam Railways Corporation (VNR) has posted a H1 pre-tax loss of VND304 billion ($13 million) this year, the first such instance in a decade.
10/08/2020 - 15:10
Vietnam Airlines to borrow Government VND4 trillion to overcome ...

Vietnam Airlines is completing documents to seek Government’s approval for borrowing VND4 trillion ($172 million) to overcome the difficulties caused by coronavirus pandemic, Chairman Pham Ngoc Minh told Monday shareholders’ meeting.
31/07/2020 - 19:34
Vietnam Airlines reports Q2 after-tax loss at nearly $174mln on Covid-19 ...

Pandemic has taken a heavy tolls on Vietnam national flagged carrier Vietnam Airlines, which suffered VND4,030 billion ($173.8 million) loss in second quarter, according to the company’s consolidated earning report.
02/06/2020 - 22:41
FLC Group projects 2020 loss at $84mln on COVID-19 pandemic

FLC Group expects an after-tax loss at VND1,957 billion ($84 million) in 2020 since the company has been severely hit by coronavirus pandemic, according to documents prepared for annual shareholders’ meeting.