Listed companies post big losses

Viet Nam's listed firms had posted accumulated losses of over VND10.8 trillion (US$509.4 million) as of September 30, according to financial information website vietstock.vn.

The losses marked a 50 per cent rise against the same period last year, with 131 of the 661 listed companies (excluding banks and funds) finding themselves in the red.

PetroVietnam Construction's (PVX) losses alone reached more than VND2.6 trillion ($122.6 million).

It was closely followed by Petroleum Saigon Construction And Investment (PSG), steelmaker Pomina (POM), Viet Nam Ocean Shipping (VOS) and Mientrung Petroleum Construction (PXM).

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