EVN Hanoi's business results after half a year
Hanoi Electricity Corporation (EVN Hanoi) has just announced its consolidated financial report for the second quarter. In the past quarter, the company recorded net revenue of more than VND 17,349 billion, an increase of more than 7% over the same period last year. Gross profit reached more than VND 1,014 billion, an increase of more than 22% over the second quarter of 2024.
In the first 6 months of the year, EVN Hanoi still reported a loss of more than 264 billion VND, while in the same period last year, the company recorded a profit after tax of more than 860 billion VND.
EVN Group unexpectedly reports profit of over 8,200 billion VND
Vietnam Electricity Group (EVN) announced its audited consolidated financial statements for 2024. Specifically, the report recorded the group's consolidated revenue last year reaching VND 580,537 billion, an increase of nearly 16% compared to 2023. Of which, revenue from electricity sales last year reached more than VND 572,936 billion, accounting for more than 98%.
After deducting expenses, EVN recorded a profit after tax of more than VND 8,237 billion, while in 2023 it lost VND 26,772 billion. Of which, the profit after tax of the parent company's shareholders was more than VND 7,222 billion. However, by the end of 2024, this "giant" had accumulated a loss of more than VND 38,688 billion.
Government meets with a series of real estate and securities giants
On the morning of July 29, the Government Office held an important meeting to discuss the draft Law on Personal Income Tax (replacement). The meeting was attended by many leaders of ministries, agencies and large enterprises in the fields of real estate, finance and securities.
Notably, the guest list also includes many large real estate corporations and businesses such as Vinhomes, Sunshine Group, Ha Do, Novaland, Dat Xanh Group, Phu My Hung, Him Lam Real Estate, Masterise Group, HUD...
The Ministry of Finance proposes to impose 20% personal income tax on each real estate transaction (Photo: Manh Quan).
Billionaire Nguyen Dang Quang's business earned more than 2,600 billion after half a year
Masan Group Corporation (stock code: MSN) has just announced its unaudited financial statements for the second quarter of 2025 and the first 6 months of this year.
In the second quarter, the company's net revenue reached VND18,315 billion. The corresponding after-tax profit was VND1,619 billion. According to Masan, the growth mainly came from the effective operation of the retail chains WinCommerce (WCM) and Masan MEATLife (MML). During the period, the group also recorded profits from the divestment of HC Starck (HCS).
Accumulated profit after tax in the first 6 months of the year reached 2,602 billion VND, nearly double compared to the same period.
Vietnam Airlines' debt restructuring period extended until the end of 2027
The State Bank issued Circular No. 16, amending and supplementing a number of articles of Circular No. 04/2021. Circular No. 16 takes effect from July 11.
Circular 04 stipulates the refinancing mechanism for credit institutions lending to Vietnam Airlines Corporation - Joint Stock Company (Vietnam Airlines), as well as restructuring the repayment period, maintaining the debt group and setting up risk provisions for debts affected by the Covid-19 epidemic.
Famous textile and garment company in Ho Chi Minh City now lives off of... pickleball courts
Pickleball is growing at an impressive rate in Vietnam, even becoming a livelihood for many businesses, including Garmex Saigon Joint Stock Company (Garmex, stock code: GMC) - a famous textile and garment enterprise in Ho Chi Minh City.
Specifically, Garmex cooperates with VinaPrint Joint Stock Company, an organization related to Mr. Bui Minh Tuan - Chairman of the Board of Directors and Legal Representative of VinaPrint Joint Stock Company.
According to the bilateral cooperation, Garmex will use a part of the land area managed by the company (minimum 1,000m2 and maximum 3,000m2, handover progress according to actual needs) to cooperate with VinaPrint in the field of sports education, Pickleball fields and other sports not prohibited by law.
Mr. Duc's company is profitable
Hoang Anh Gia Lai Joint Stock Company (stock code: HAG) has just announced its consolidated financial report for the second quarter of 2025.
Hoang Anh Gia Lai recorded a profit after tax of nearly VND510 billion in the second quarter, nearly double the same period last year. The company explained that during the period, gross profit increased thanks to banana trading activities.
Accumulated for 6 months, the group achieved profit of 870 billion VND, up 74% over the same period last year.
Thanks to good business results, Hoang Anh Gia Lai has officially erased accumulated losses that have lasted for many years. As of June 30, the group's accumulated profit reached nearly 400 billion VND.
Mr. Hoang Nam Tien passed away
FPT Corporation said that Mr. Hoang Nam Tien, Vice Chairman of the Board of FPT University, suddenly passed away at 4:10 p.m. on July 31 due to a stroke.
Mr. Hoang Nam Tien was born in 1969. Mr. Tien joined FPT right after graduating from the IT major at the University of Technology in 1993.
Mr. Hoang Nam Tien was elected Chairman of FPT Telecom from March 3, 2020. From April 2023 to present, he has been appointed Vice Chairman of the Board of FPT University (FPT Education).
In addition, Mr. Tien is also known as an administrator, technology expert, and teacher. On social networks, the daily stories and valuable lessons shared by Mr. Tien have received much attention from the online community.
Vingroup profits 25 billion VND per day in the first half of the year
Vingroup Corporation (stock code: VIC) has just announced its consolidated financial report for the second quarter of 2025 with net revenue reaching VND 46,312 billion, up 9.4% over the same period. Profit after tax reached VND 2,265 billion, 3.1 times higher than the second quarter of 2024.
In the first half of this year, the company recorded a net revenue of nearly VND 130,366 billion, double that of the first half of 2024. After deducting expenses, Vingroup's consolidated profit after tax in the first half of this year reached VND 4,509 billion, 2.2 times higher than the same period last year.
Thus, this group recorded an average daily net revenue of VND720.2 billion and an average after-tax profit of nearly VND25 billion.
Quoc Cuong Gia Lai begins paying debt of 2,882 billion VND to Truong My Lan
Quoc Cuong Gia Lai Joint Stock Company (stock code: QCG) has just announced its financial report for the second quarter of 2025, recording net revenue of VND 131 billion, a sharp increase of nearly 395% over the same period last year. The main contributor to Quoc Cuong Gia Lai is real estate revenue, growing 47 times from over VND 2 billion in the second quarter of 2024 to VND 97 billion in the second quarter of 2025.
According to the financial report, Quoc Cuong Gia Lai spent more than 100 billion VND to pay off the debt of 2,882 billion VND related to Van Thinh Phat Group and Ms. Truong My Lan.
Source: https://dantri.com.vn/kinh-doanh/bau-duc-don-tin-vui-quoc-cuong-gia-lai-bat-dau-tra-no-truong-my-lan-20250803075643696.htm
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