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Update news loss
The semi-annual consolidated financial statement of Vinachem showed a steep drop in profit, partially due to its accounts and assets being frozen by the court.
Experts believe that unprofitable projects invested by enterprises under the Ministry of Industry and Trade’s (MOIT) management should be sold even at a loss.
The Government Inspectorate will carry out an inspection targeting State-owned enterprises (SOEs) in which the Ministry of Industry and Trade (MoIT) controls State capital.
Police have concluded that ex-banker Pham Cong Danh caused additional losses of more than VND6 trillion (US$266 million) in the second stage investigation into his case,
Sugar, palm oil and rubber, the three crops that Hoang Anh Gia Lai of Doan Nguyen Duc grows in Vietnam, Laos and Cambodia, have seen prices increasing in the context of a lower global supply due to climate change.
VietNamNet Bridge – Faced with a flood of inexpensive US chicken imports, Vietnamese farmers are adopting new strategies to stay economically alive in a more global market, especially after the Trans-Pacific Partnership takes effect.
Royal Dutch Shell has reported a loss for the third quarter of the year, after taking a big charge to reflect the cost of halting major projects.
Technology giant Amazon has reported a loss of $57m (£38m) in the first quarter of 2015 and has also given more detail about the performance of its web services business.
VietNamNet Bridge – Japan's 4-3 win over Australia on Sunday has pushed the winner and hosts Viet Nam to the semi-final round of the Ha Noi's ASEAN Football Federation U19 Nutifood Cup.
VietNamNet Bridge – Vietnam’s fleet of ships are incurring losses even though 80 percent of goods are carried by waterways and seaways.
VietNamNet Bridge - Up to two-thirds of 450,000 local enterprises have reported losses in business this year, said Deputy Minister of Finance Do Hoang Anh Tuan at a conference in Hanoi on Wednesday.
VietNamNet Bridge – The sugar plants in Mekong Delta have just started the new sugar cane pressing season, but they can foresee loss.
Nestlé Vietnam has reported accumulative losses since officially beginning operations in Vietnam 18 years ago, despite their strong market presence and rampant investment expansion.
More firms approved to use fast track customs service; 5.5% GDP target within reach?; Crunch time for manufacturers in July; Enterprises in difficulty despite intervention
Home appliance centers have become the “deadly ground” of many investors. However, domestic investors still have poured money into the sector, while foreigners have spent big money to acquire unprofitable chains.
Airlines have to reduce the airfare continuously, while road passenger carriers have scaled down their business or sell coaches to pay debts.
Farmers spend big money and efforts to grow high quality farm produce which meet international standards, but the products have been refused, or sold at low prices.
Right after Jetstar Pacific announced the opening of the HCM City – Buon Ma Thuot and the Buon Ma Thuot – Vinh City air routes in late March 2013, VietJet Air has also planned to provide the flights on the routes in the next month.
Anticipating the excess of 40 million tons of cement by 2020, the Vietnam Building Material Association has proposed the government to stop some cement projects. However, it’s easier said than done.
The Ministry of Transport’s recent report on the restructuring, privatization of its enterprises shows that Jetstar Pacific’s financial situation is very difficult, with accumulated losses of nearly VND2.5 trillion ($120 million).