Customers check out at a Vinmart store.(Photo courtesy of Vingroup)
Hanoi (VNS/VNA) – Privateconglomerate Vingroup’s total net r🎶e🌱venue rose 6.7 percent on-year to 130trillion VND (5.5 billion USD) in 2019.
Total pre-tax profit last year was up 12.5percent year-on-year to 15.6 trillion VND, according to the firm’s auditedfourth-quarter financial report. Total post-tax profit gained nearly a quarterto 7.72 trillion VND in 2019. As of December 31, 2019, the firm’s totalasset reached 403.7 trillion VND and equity was worth 120.6 trillion VND,annual increases of 40 percent and 22 percent, respectively. In 2019, Vingroup reported it sold 64.3 percentof ownership or 414 million shares in VCM Services and Trading Development JSCto consumer company Masan for a profit of 8.5 trillion VND. In return, Vingroup would receive some stockoptions in a joint venture set up later by Masan and Vingroup. The deal wascompleted in early December 2019. VCM was the unit that operated e-retailerVincommerce and farming business Vineco. In the first three months of 2020, Vietnamesebusinesses have struggled with the spread of coronavirus which hit thelocal economy quite hard. Vingroup and its member companies havechanged its ways of doing business to adapt to the situation. Online platforms have become a prioritytool for “Vin” companies to promote their products and reach out to customers,such as residential property developer Vinhomes, automaker VinFast and phonemanufacturer VinSmart. Shopping mall operator Vincom Retail hastaken measures to sanitise shopping centres and increased protection forconsumers. The company has also introduced a 300 billion VND stimulus packagefor its clients./.
The imminent loss of tourism revenue due to the coronavirus disease (COVID-19) epidemic has prompted the tourism sector in the northern port city of Hai Phong to outline plans to recover local tourism after the epidemic ends.
Conglomerate Vingroup recently proposed a relief package worth 100 billion VND (4.23 million USD) to procure medical equipment and chemicals for testing of the novel coronavirus SARS-CoV-2 that causes COVID-19.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
Customers check out at a Vinmart store.(Photo courtesy of Vingroup) 
