Half of FIEs take losses, but still record best business performanceVietNamNet Bridge - The Vietnam Chamber of Commerce and Industry’s (VCCI) Vietnam Business Annual Report 2015 shows that half of foreign invested enterprises (FIEs) take losses but have the highest ROA (return on assets), ROE (return on equity) and ROS (return on sales) indexes. Half of foreign invested enterprises (FIEs) take losses but have the highest ROA (return on assets), ROE (return on equity) and ROS (return on sales) indexes. FIE’s ROE was about 25 percent in 2007-2014. The figure was especially high in 2008 with 51.2 percent of FIEs reporting losses.In other periods, the number of unprofitable FIEs was usually around 50 percent of total FIEs. Meanwhile, SOEs can make 16 dong of profit from every 100 dong of stockholder equity.It is questioned by analysts why FIEs still take losses despite their high business efficiency and say they make profits in reality, which are pocketed by their holding groups overseas.Cafebiz

Source: VietNamNet News July 17, 2016 07:07 UTC