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Thaco H1 profit falls as auto market remains listless
Automaker Thaco Group reported first half profits of VND1.076 trillion (US$45.6 million), or less than a quarter of last year’s figure, amid an auto market slump.
Food delivery firm Baemin scales down Vietnam operations
South Korean food delivery giant Baemin is scaling down its Vietnam operations by reducing its active areas and laying off personnel.
Hoang Anh Gia Lai to raise $53.3M from private placement of shares
Agricultural firm Hoang Anh Gia Lai plans a private placement of 130 million shares at VND10,000, and use the proceeds of VND1.3 trillion ($53.3 million) to repay debts and provide working capital to subsidiaries.
September 28, 2023 | 01:15 am PT
Singapore's GIC among bidders vying for stake in Vietnam's third-largest grocery chain
Singapore's sovereign wealth fund GIC is among investors vying to buy up to 20% stake in grocer Bach Hoa Xanh from Vietnam's retail giant Mobile World Investment.
September 27, 2023 | 10:52 pm PT
Bamboo Airways set to downsize fleet
After restructuring its flight network, Bamboo Airways has said it will also reduce the number of aircraft to lower costs.
September 27, 2023 | 07:53 pm PT
Vietnamese plastics company loses lawsuit to Japanese partner
Plastic manufacturer Rang Dong Holding has lost a legal case to Japan’s Sojitz Planet and must pay back VND178 billion ($7.30 million) it made selling shares to the foreign firm.
September 27, 2023 | 04:00 pm PT
China's Trina Solar plans $400M Vietnam plant after US sanctions
Chinese solar panel maker Trina Solar is planning to build its third factory in Vietnam, three people familiar with the matter told Reuters, a move that would boost exports to the United States following punitive duties to be imposed on products it makes in Thailand.
September 27, 2023 | 07:45 am PT
Disgraced property developer’s loans worth $12.6M to be sold by Agribank
Agribank is auctioning four debts worth a combined VND307 billion ($12.6 million) owed by property developer Tan Hoang Minh’s subsidiaries, all collateralized by rents from a building it owns.
September 27, 2023 | 05:31 am PT
EVN says financial crisis to continue this year on inadequate tariff hike
Monopoly power distributor Vietnam Electricity continues to face financial difficulties this year since a recent hike in tariffs has proven too little.
September 26, 2023 | 10:26 pm PT
SK Group to build biodegradable material factory in Vietnam
SKC Co. of the South Korea is planning to build a factory in Vietnam to produce materials for biodegradable plastics, as it pushes to expand the eco-friendly materials business.
September 25, 2023 | 08:39 pm PT
PM Chinh seeks Embraer support for Vietnam aviation industry
Prime Minister Pham Minh Chinh has sought support for Vietnamese aviation industry from Brazilian aircraft manufacturer Embraer.
September 24, 2023 | 10:09 pm PT
Novaland to redeem 10-year bonds prematurely
Property developer Novaland has decided to prematurely redeem 40% of two 10-year bonds it issued in the middle of last year but has not disclosed the reason.
September 24, 2023 | 08:29 pm PT
Many iPhone 15 versions sell out, huge demand delays deliveries
Some iPhone 15 Pro Max versions sold out within a few minutes after the Apple Store started taking orders, causing their delivery to be delayed until November.
September 24, 2023 | 03:00 pm PT
Czech Skoda cars launched in Vietnam
Automobile distributor Thanh Cong launched two Skoda models with prices from VND1-1.4 billion (US$42,300-59,300) on Saturday.
September 24, 2023 | 05:35 am PT
Profit halves for ex-Shark Tank panelist's company
The Infrastructure and Transport Construction Investment Joint Stock Company reported its after-tax profits fell by 47% year-on-year in the first half to VND26 billion ($1.07 million).
September 23, 2023 | 08:14 pm PT
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