Indochina Air’s fate up to transport ministry: CAAV

The Ministry of Transport will determine Indochina Airlines’ fate in one month, just two years after the private carrier received its license, according to the Civil Aviation Administration of Vietnam (CAAV). Vo Huy Cuong, director of CAAV’s Transport Air Department, said the Ministry would decide whether to revoke Indochina Airlines’ license after it received comments [...]

Saigon Da Nang investment firm to build Le Meridien Da Nang Resort & Spa

Saigon Da Nang Investment Co (SDN) under Saigon Investment Group (SGI) has been licensed to build a 12-hectare resort in Son Tra-Dien Ngoc beach, Da Nang City. Work on resort project capitalised at $110 million, named Le Meridien Da Nang Resort & Spa, will start on May 4. Total construction area of the project is [...]

Vinaconex’s parent company gains Q1 profit of 73.6b dong

Vietnam Construction Joint Stock Corp (Vinaconex – coded VCG) reported that the parent company earned net revenue of 484.6 billion dong in the first three months of this year, down 2.7 percent year-on-year. However, the costs of goods sold (COGS) dropped by 26 billion dong, resulting in increasing united profit from 35.1 billion dong to [...]

Rubber producer reports gaining Q1 profit of 78.1b dong

After the first three months of 2010, Phuoc Hoa Rubber Joint Stock Co (coded PHR) reported gaining net revenue of 252.4 billion dong, increasing by 45.6 percent year-on-year Meanwhile, the costs of goods sold (COGS) increased by 1.3 billion dong, resulting in Q1 united profit of 93.6 billion dong, up 77.7 billion dong. In details, [...]

Education finance investment JSC reports Q1 performance

Education Finance Investment Joint Stock Co (coded EFI) has recently announced business results in Q1 with 3.5 billion dong of revenue and 2.6 billion dong of pre tax profit. Of which, EFI’s revenue from sales and service provision was 1.74 billion dong and revenue from finance activities was 1.753 billion dong. EFI has recently also [...]

Fertiliser firm gains Q1 profit of 394.2b dong, up 17.3pct y-o-y

The southern-listed PetroVietnam Fertiliser and Chemical Joint Stock Co (coded DPM) reported gaining Q1 revenue of over 1.433 trillion dong, dropping by 26.4 percent against the same period of last year. However, in the first three months of this year, the costs of goods sold (COGS) also plunged by 553.6 billion dong, down 38.1 percent, [...]

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