Petrolimex profit falls to five-year low Việt Nam’s largest petroleum retailer Petrolimex (PLX) saw VNĐ1.27 trillion (US$55 million) in pre-tax profit in 2020, down nearly 76 per cent from 2019, the company reported.

Construction of wind power project begins in Cà Mau

Construction of a wind power project recently started in Nguyễn Huân Commune, Đầm Đôi District, the southern province of Cà Mau on Saturday.

After 11 weeks of gains, analysts cautious about market prospects Shares continued to gain last week despite a net sell value of VNĐ2.2 trillion from foreign investors, but the fluctuations during the week made analysts more cautious about the market going forward.

PVPower to divest entirely from eight affiliates PetroVietnam Power Corporation has announced plans to divest from several of its member units, including eight subsidiaries it wants to sell its entire stake in, according to a statement from the Board of Directors.

SSI sweeps Asiamoney Brokers Poll awards SSI Securities Corporation has won 31 out of 32 awards honouring organisations and individuals in the financial and securities sector in Việt Nam at the 2020 Asiamoney Brokers Poll Awards.

SCIC reports $286 million in pre-tax profit for 2020 The State Capital Investment Corporation (SCIC) announced on Thursday that its pre-tax profit increased 36 per cent in 2020 compared to the year prior, hitting an estimated VNĐ6.58 trillion (around US$286 million).

KIDO Foods’ profit jumps 10 per cent Kido Frozen Foods Joint Stock Company (Kido Foods) has announced a growth of nearly 10 per cent in after-tax profit for 2020, reaching nearly VNĐ157 billion (US$6.8 million) despite facing many challenges caused by COVID-19.

Market edges higher on the back of large-cap stocks

Việt Nam's stock market rose on Friday as investors still focused on banking and real estate sectors. 

First Wink hotel to open in March in HCM City Wink Hotels, a revolutionary new hospitality brand, which aims to redefine affordable luxury in Việt Nam on Thursday officially announced the opening of its first hotel in March 2021.

Huge volume of new shares, record liquidity put HoSE system under pressure The HCM City Stock Exchange (HoSE)’s technical system was under significant pressure with billions of new shares recently listed and to be listed on the bourse and huge cash inflow which boosted the market liquidity to record high levels.