Vietravel meets conditions to establish airline: aviation authority

Vingroup has named a former deputy CEO of Vietnam Airlines as the first chief executive of its new airline, Vinpearl Air.

Viglacera-Exim has partnered with Austria's Ke Kelit to provide the market with plastic pipes meeting European standards for environmental friendliness and health safety.

Vingroup has applied for an airline license with investment of VND4.7 trillion ($202 million) and wants to start flying next July.

E-commerce firm Tiki has acquired ticketing startup Ticketbox to have a foot in Vietnam's entertainment industry as it seeks to attract more online shoppers.

Mintal Group wants to build a $2-billion plant in the central province of Thanh Hoa producing carbon ferrochrome, stainless steel and non-ferrous metals.

A former Vietnamese bank executive serving a 30-year jail term for embezzlement will be investigated for appropriating property.

The National Banknote Printing Press has reported a VND11 billion ($475,000) H1 loss, down from VND60 billion ($2.6 million) in H1 2018 profit.

Private lottery firm Vietlott saw its net profits plunge 70 percent to VND64 billion ($2.8 million) in the first half of this year.

The Ho Chi Minh Stock Exchange’s pre-tax profits plummeted 48 percent year-on-year in the first six months to VND200 billion ($8.6 million).

The Vinpearl Air Flight Training Center has opened admissions to train its first batch of 400 pilots and flight technicians.

Leading Vietnamese auto firm THACO is recalling 885 BMW sedans with faults in air-conditioning fans which could lead to overheating.

Vietnamese startup KiotViet has raised $6 million in a Series A funding round from Singaporean venture fund Jungle Ventures and Indonesian unicorn Traveloka.

Vingroup has signed a deal with ride-hailing company FastGo to provide 1,500 cars to its drivers in three cities for rent or installment purchase.