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Mobifone’s profit hits 100 million USD in Q1

Vietnam's second largest mobile network operator, MobiFone, earned nearly 2.10 trillion VND (100 million USD) in profits during the first quarter of this year, according to VnEconomy.
Vietnam's second largest mobile network operator, MobiFone, earnednearly 2.10 trillion VND (100 million USD) in profits during the firstquarter of this year, according to VnEconomy.

MobiFone GeneralDirector Le Nam Tra said at a recent Ministry of Information andCommunications meeting that the result was about 30 percent of thecompany's target for 2015.

During the first quarter, the firmreported about 8.56 trillion VND (407.62 million USD) in turnover,reflecting a 4.6 percent year-on-year surge and representing 28.5percent of the annual quota.

Tra said the company expected toreach 9.46 trillion VND (450.48 million USD) in turnover and 1.78trillion VND (84.76 million USD) in profit during the second quarter,following the addition of about three million new subscribers.-VNA

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A motorbike production line of Honda Vietnam — a Japanese company located in Phu Tho province. (Photo: VNA)

ဣ Phu Tho emerges as FDI magnet following mergence

In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Infraction levels will correspond to fines of 1-80 million VND, depending on the nature and number of invoicing violations. (Photo: vietnamfinance.vn)

💫 Maximum fine of 3,000 USD proposed for violating invoice regulations

Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
At the strategic partnership signing ceremony between Sun PhuQuoc Airways and Amadeus. (Photo: Sun Group)

𒐪 Sun PhuQuoc Airways enters strategic partnership with Amadeus to build a five-star aviation technology ecosystem

A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
A local resident makes a bank transfer using the Momo app. (Photo: VNA)

🎃 Banks accelerate digitalisation, non-cash payments

Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
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