Despite being the exclusive distributor of the Premier League in Vietnam, the leading pay-TV K+ still suffered an accumulated loss of $103 million.
Jetstar Pacific, the first low-cost carrier in Vietnam, has repeatedly reported losses over the past few years with the accumulated loss of $184 million, exceeding its charter capital.
Accumulated losses from leading e-commerce websites such as Lazada, Tiki, Shopee or Sendo are on the sharp rise, mainly due to the high sales expenses and in some cases, high management expenses.