Vietnam firms Vinasun, Becamex and others post heavy losses in 2026

Several listed Vietnamese companies reported substantial net losses for the second quarter of 2026. Vinasun (VNS) posted a loss of more than VND 20 billion, with revenue of VND 194 billion, down about 10% year‑on‑year. Becamex BCE (BCE) recorded a loss of nearly VND 8 billion despite a 145% surge in revenue to VND 288 billion; its cumulative loss for the first half of the year exceeded VND 28 billion and its operating cash flow fell to a record negative VND 623 billion, the worst since 2011. Nam Ha (NHA) saw revenue plunge 94% to VND 5 billion and posted a loss over VND 9 billion, while Century Silk (STK) reported a post‑tax loss of more than VND 38 billion. International Hoang Gia also posted a net loss exceeding VND 9 billion.

The earnings declines reflect sharp drops in sales, higher debt levels and deteriorating cash‑flow positions across the firms. Vinasun’s total assets fell about 3% to VND 1 715 billion, and its debt-to‑equity ratio rose to 42%. Becamex’s financial cash flow was positive mainly due to increased borrowing. These results underline pressure on Vietnam’s corporate sector amid broader economic challenges.