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Industry

Vinalines posts profit of US$900,000 in 9 months

Vinalines posts profit of US$900,000 in 9 months

During the period, the shipping firm handled 62.93 million tons of cargo at domestic ports and transported another 18.66 million, equivalent to 64.1% and 86.9% of the year plan, respectively.

Fitch revises Vingroup's outlook to negative

Fitch revises Vingroup's outlook to negative

The Negative Outlook reflects Vingroup`s heightened business risk and Fitch estimated that leverage, defined as net debt/adjusted inventory, is likely to rise to 58% in 2018, before falling to 36% in 2019.

Vietnam may hike power prices in 2019

Vietnam may hike power prices in 2019

The move is necessary for Vietnam Electricity to cover an incurred cost of VND20.73 trillion (US$892.18 million) in the 2018 - 2019 period, stated the Ministry of Industry and Trade (MoIT) on its website.

Vinacomin sees pre-tax profit double in 6 months

Vinacomin sees pre-tax profit double in 6 months

Vietnam National Coal and Minerals Group (Vinacomin)`s revenue in 1H2018 stood at VND50.77 trillion (US$2.16 billion), up 27% year-on-year, of which, coal and mineral mining contributed a combined of over 80% of total revenue.