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VICEM Bút Sơn Cement Turns Profitable in Q3 Through Waste Management Solutions

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With over VND 18 billion in additional profits from waste treatment, VICEM But Son Cement turned a profit in Q3, reporting earnings of more than VND 10 billion. This marks the second consecutive profitable quarter after a 10-quarter loss streak. However, the company still faces accumulated losses of nearly VND 300 billion.

Diverse, Low-Cost Capital Mobilization: VPBankS’ Distinctive Competitive Advantage

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Setting consecutive records in international capital mobilization with a total scale of $400 million in 2025 alone, VPBankS is solidifying its regional reputation and capabilities. Access to low-cost international capital, combined with domestic commercial bank funding and bond issuance, forms the foundation for VPBankS to maintain liquidity and expand its core business segments, including investment banking and margin lending.

Chapter Down Again: 19 Quarters Without Profit, Bankruptcy Looms

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Once a shining star with its legendary "Sá xị Chương Dương" brand, the company now faces a dire financial crisis. Accumulated losses have soared to a staggering 340 billion VND, with negative equity exceeding 150 billion VND after 19 consecutive quarters of decline. To avert bankruptcy, the company has been forced to seek debt extensions from Sabeco.