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Food delivery firm Baemin scales down Vietnam operations

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

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 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

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

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

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

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

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

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

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

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

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

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

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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