Both Vietcombank and Vietinbank reported net profits of over VNĐ6.8 trillion (US$298 million) in 2016 (leaving out business results of their member and affiliate companies). Military Bank (MBB) and Asia Commercial Bank (ACB) earned VNĐ2.9 trillion and VNĐ1.3 trillion in net profits, respectively. Dairy giant Vinamilk (VNM) posted net profits of nearly VNĐ9.4 trillion, a yearly growth of 21 per cent making it the biggest 2016 earner. In terms of growth rate, steelmaking and real estate companies were the leaders thanks to strong recovery of the real estate market in the last quarter of 2016. Nam Kim Steel (NKG) and Hoa Sen Group (HSG) also reported yearly growth of 312 per cent and 130 per cent, respectively.

Source: Viet Nam News February 17, 2017 02:52 UTC