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VIETNAM BUSINESS NEWS AUGUST 1

VIETNAM BUSINESS NEWS AUGUST 1
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Worst performers in Q1 revealed


Worst performers in Q1 revealed
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 14/05/2021
  
10:43
GMT+7
Despite Vietnamese companies’ total net profit growing 81 percent year-on-year in the first quarter, many still posted big losses.
The national flag carrier Vietnam Airlines (HVN) reported the biggest loss of nearly 5 trillion VND in the first three months of 2021. This amount increased over 90 percent against the same period last year.
The COVID-19 pandemic was the main reason severely affecting the carrier’s business operations.
As of March 31, Vietnam Airlines recorded accumulated losses of over 14.2 trillion VND, exceeding its charter capital and pulling the company s equity from more than 6 trillion VND to over 1 trillion VND. ....

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