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NovaGroup chairman's wife forced to sell one-third stake in NVL

NovaGroup chairman's wife forced to sell one-third stake in NVL

Stock brokerages have forced NovaGroup chairman Bui Thanh Nhon's wife to sell 29 million shares of Novaland, reducing her stake in it by a third.
Masan receives $600M foreign syndicated loan

Masan receives $600M foreign syndicated loan

Conglomerate Masan Group has received a syndicated loan of US$600 million at 6.7% interest from international financial institutions.
November 29, 2022 | 07:36 pm PT
Online shopping startup Cooky raises $4.5mln

Online shopping startup Cooky raises $4.5mln

Online shopping and cooking platform Cooky has raised $4.5 million in a funding round led by Vietnam's Do Ventures, South Korea's Nextrans.
November 28, 2022 | 08:19 pm PT
Vietnam Electricity reports losses of $635 mln

Vietnam Electricity reports losses of $635 mln

Vietnam Electricity (EVN) posted losses of VND15.758 trillion ($635.4 million) between January and October, with higher fuel prices a major contributing factor.
November 28, 2022 | 07:34 pm PT
Novaland's biggest shareholder to sell 150 mln tickers

Novaland's biggest shareholder to sell 150 mln tickers

NovaGroup, the biggest shareholder of property developer Novaland, will sell 150 million Novaland shares (NVL) slated for Nov. 30-Dec. 29, it said Thursday.
November 25, 2022 | 12:37 am PT
VinFast ships first electric vehicles to US

VinFast ships first electric vehicles to US

VinFast had shipped its first batch of 999 cars to the U.S., capping a five-year bid to develop an auto production hub in Vietnam for markets in North America and Europe.
November 24, 2022 | 09:15 pm PT
Electric motorbike startup raises another $8 mln

Electric motorbike startup raises another $8 mln

Vietnamese electric motorbike startup Dat Bike has secured $8 million in a funding round, bringing the total since its establishment to $16.5 million.
November 24, 2022 | 06:45 pm PT
Old iPhones back in vogue as new models remain beyond reach

Old iPhones back in vogue as new models remain beyond reach

With the iPhone 14 series expensive and difficult to obtain, many Vietnamese consumers are turning to used models.
November 24, 2022 | 03:00 pm PT
Mercedes recalls nearly 1,000 vehicles over fire risk

Mercedes recalls nearly 1,000 vehicles over fire risk

Mercedes is recalling 966 cars in Vietnam due to fire risks related to electrical short circuits in the trunk control modules and faulty trim bars on rear doors.
November 23, 2022 | 08:58 pm PT
Sole bond issuance recorded in October

Sole bond issuance recorded in October

Only one private bond issuance was recorded in October, indicating that companies remain reluctant to mobilize cash using this channel after recent arrests of alleged fraudsters.
November 23, 2022 | 05:35 pm PT
Tech unicorn VNG to list on UPCoM

Tech unicorn VNG to list on UPCoM

Vietnamese tech giant VNG Corporation is finalizing its list of shareholders to prepare for a listing on the Unlisted Public Company Market (UPCoM) exchange.
November 23, 2022 | 06:59 am PT
Korean theater chain CGV pockets $361,000 a day

Korean theater chain CGV pockets $361,000 a day

South Korean cinema chain CGV Vietnam reported average daily box office collections of over US$361,000 in the third quarter.
November 22, 2022 | 06:46 pm PT
Trinh Van Quyet’s Rolls-Royce fails to sell in 3 auctions

Trinh Van Quyet’s Rolls-Royce fails to sell in 3 auctions

The gold-plated Rolls-Royce Ghost and FLC Albatross yacht, which are collateral for the debts of FLC subsidiaries, will be auctioned for the fourth and third time respectively after previous sessions attracted no buyers.
November 22, 2022 | 03:31 am PT
Nearly 3,000 workers laid off by 27 HCMC firms

Nearly 3,000 workers laid off by 27 HCMC firms

So far this year, 27 enterprises in HCMC have laid off 2,858 employees citing technology restructuring, equipment changes and economic impacts, a senior city official says.
November 19, 2022 | 11:39 pm PT
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