Update news losses

The national flag carrier Vietnam Airlines has announced the plan to sell 11 A321ceo aircraft made in 2004, 2007 and 2008.

Vietnam Railway reports VND600bn in losses

The Vietnam Railway Corporation (VNR) is facing losses of over VND600bn (USD26m) in 2020 because of Covid-19.

HCM City: Tourism sector endures losses of over $426 mln in Q1

The HCM City Department of Tourism has estimated that the city’s tourism industry suffered losses worth close to $426.2 million in the first quarter of this year due to impacts of the COVID-19 pandemic.

State-owned enterprises face 3.7-trillion-VND loss in Q1 due to COVID-19

Nineteen State-owned groups and corporations under the Commission for the Management of State Capital at Enterprises (CMSC) incurred losses worth around $160 million in the first quarter of this year due to the impacts of the COVID-19 pandemic.

Vietnam Airlines expects VND50trn losses

Vietnam Airlines will lose some VND50trn (USD2.1bn) in revenues while 10,000 staff are without work due to the Covid-19 outbreak.

Covid-19 costs HCM City’s tourism nearly VND1 trillion

A substantial number of tour cancellations amid fears of the new coronavirus has wiped out some VND920.5 trillion of HCMC’s tourism earnings, reported Thanh Nien newspaper.

Local airlines sustain coronavirus-triggered loss of VND10 trillion

Local carriers had incurred total losses of over VND10 trillion as of February 10, Tuoi Tre reported, citing the head of the Civil Aviation Authority of Vietnam (CAAV) Dinh Viet Thang.


Tiki and Sendo in merger talks?

Tiki and Sendo may be in talks over a potential merger to break the dominance of Shopee and Lazada and their foreign backers.

Computer viruses cause $902 million in damage to Vietnamese users

Computer viruses caused estimated losses of VND20.9 trillion ($902 million) to Vietnamese users last year, much higher than the 14.9 trillion VND reported in 2018, reported Bkav Technology Group.

Mekong Delta sugarcane farmers switch en masse to other crops

The area under sugarcane in the Cuu Long (Mekong) Delta has shrunk dramatically during the 2019-20 crop after many farmers switched to other crops following losses in recent years.

Fighting against transfer pricing will be a violent war

 VietNamNet Bridge – The owners of international economic groups are always the wise businessmen supported by experienced accountants, lawyers and strategist. Therefore, it is not easy to force them to admit their transfer pricing behavior.

Vinashin model officially abolished

 VietNamNet Bridge- The newly-issued decision by the Ministry of Transport announces the birth of a new corporation named SBIC and the officially deletion of the disreputable Vinashin group.

Transfer pricing: Keangnam catches a Tartar

 VietNamNet Bridge – An old production line which had the actual value of $400,000, was declared as valued at $16 million.

VN puzzled in handling consequences caused by fleeing FIEs

 VietNamNet Bridge – The number of foreign invested enterprises (FIEs) reporting loss accounts for 50 percent of the total operational FIEs in Vietnam. A lot of the business owners have run away.

Merchants run away from shopping malls to stop loss

VietNamNet Bridge – A lot of merchants in Hanoi have shut down their kiosks and transferred the stalls at shopping malls to others because the business is not good enough to pay for retail premises rents.

Lao Cai loses $3.5 million due to hailstones

The hailstorm occurring in the early morning of March 27, in the three districts of Bac Ha, Muong Khuong and Si Ma Cai in Lao Cai province damaged nearly 12,000 houses, causing losses of about VND70 billion or $3.5 million.

Nearly 400 people die and go missing every year because of natural disasters

In the past five years, there were 1,868 people dead and missing in natural disasters in Vietnam. Meanwhile, the management of boats and fishermen at sea is limited, said Nguyen Xuan Dieu - Deputy Chief of the General Department of Irrigation.

Da Nang to report to the Politburo the “$160 million losses”

After the Government Inspectorate announced the conclusion on inspection of land violations in Da Nang, which caused losses of more than VND3,400 billion ($160 million), the city leaders have confirmed to explain in writing to the Politburo.

State-owned groups report losses of nearly $62 billion to the PM

VietNamNet Bridge – A report released at the meeting with the Prime Minister this morning, January 16 shows that the losses of state-owned groups and corporations in 2012 significantly improved when compared to 2011.