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News updates related to the Financial Report
Xiaomi loses $5,600 for each electric vehicle sold in the first quarter of 2026.
Despite achieving $2.9 billion in electric vehicle revenue with a 6.6% sales growth, Xiaomi still recorded an operating loss of $457 million in the first quarter of 2026 due to rising component costs.
Car
Prudential Vietnam announces strong business results for 2025.
On April 8th, in Ho Chi Minh City, Prudential Vietnam Life Insurance Company Limited (Prudential Vietnam) announced its financial results for the year ending December 31, 2025, highlighting...
Chinese Automotive Financial Reports 2025: BYD Retains Top Spot, Xiaomi Auto Reports Profit for the First Time
2025 saw a sharp divergence in the Chinese market, with BYD achieving record profits of $4.7 billion, while new electric vehicle manufacturers began to move beyond the "cash-burning" phase.
Deadline for submitting 2025 financial reports: Businesses must complete them before March 31, 2026.
According to the accounting and tax management regulations in Vietnam, businesses must prepare and submit annual financial statements to the competent state agency within a specified period...
BIDV reports record profit of over 36,000 billion VND, total assets lead the banking system.
By the end of 2025, BIDV recorded its highest-ever profit, exceeding 36,000 billion VND. The bank's total assets surpassed 3.25 million billion VND, and the non-performing loan ratio decreased to 1.2%.
Workshop on updating tax policies and International Financial Reporting Standards (IFRS) in Nghe An.
On the morning of October 24th, the Nghe An Provincial Tax Department, in collaboration with the Vietnam Association of Foreign Investment Enterprises (VAFIE), organized a workshop titled "Updating Tax Policies and International Financial Reporting Standards (IFRS)".
What changes will accountants need to make after July 1, 2025?
After July 1, 2025, accounting practices for businesses and household businesses in Vietnam will need to make significant adjustments to comply with new regulations, especially Circular 46/2025/TT-BTC and the Tax Law...
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