Vingroup profits up 42 pct
admin 30-10-2020, 11:49

Vingroup profits up 42 pct

Revenues of Vingroup, Vietnam’s biggest private company, rose 14 percent to VND36 trillion on the back of a 70-percent increase in its main business, property development.

Vingroup’s manufacturing units saw revenues double to VND4.8 trillion.

Auto subsidiary VinFast achieved its highest monthly sales ever in September, selling 3600 units at its 49 showrooms nationwide.

Smartphone manufacturer VinSmart was among the three top sellers in the country in the third quarter.

Vingroup’s pre-tax profit in the first nine months was up 3.7 percent year-on-year to VND973 trillion, but revenues fell 19.3 percent to VND74.8 trillion.