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Ha Long casino operator posts losses for six straight quarters
Royal International Corporation, which operates the largest casino in the northern town of Ha Long, has reported a post-tax loss of nearly VND27 billion ($1.17 million) in Q1.
Gojek Vietnam drives past a driver milestone
The number of motorbike taxi drivers riding for ride-hailing firm Gojek Vietnam has crossed the 200,000 mark with millions of commuters using its app.
Gold bullion producer SJC reports 11 pct rise in profits
State-owned Saigon Jewelry Company reported a pre-tax profit of VND75 billion ($3.2 million) for 2020, up 11 percent from the previous year.
April 20, 2021 | 02:40 pm GMT+7
Alameda Research invests in Vietnamese blockchain technology startup
U.S. quantitative cryptocurrency trading firm Alameda Research has invested $4 million in Coin98 Finance, a Vietnamese startup and developer of decentralized finance protocols and applications.
April 20, 2021 | 10:30 am GMT+7
Trungnam Group sells stake in solar power plant
The Trungnam Group has sold a 49 percent stake in a central Vietnam solar power plant to an electricity equipment manufacturer.
April 20, 2021 | 08:35 am GMT+7
Food company KIDO posts 138 pct surge in profit
KIDO Group Corporation has posted a 138 percent jump in pre-tax profit in Q1 to VND150 billion ($6.5 million).
April 19, 2021 | 03:43 pm GMT+7
Heineken staff try to scuttle competition with threats
Some Heineken employees have been caught demanding that beer distributors not sell competitors' products, although the company says this is not its policy.
April 19, 2021 | 03:29 pm GMT+7
Vietnam among WeWork's top markets in Southeast Asia
Vietnam is among the top countries in Southeast Asia for coworking space provider WeWork, growing by 8 percent since early last year.
April 19, 2021 | 12:20 pm GMT+7
Electric motorbike startup bags $2.6 mln seed funding
Dat Bike, a Vietnamese electric motorbike startup, has raised $2.6 million in seed funding from a group of investors led by Singapore venture capital firm Jungle Ventures.
April 19, 2021 | 11:34 am GMT+7
Steel tycoon becomes Vietnam's 2nd richest person as share price soars
Tran Dinh Long, chairman of steelmaker Hoa Phat Group, has overtaken Nguyen Thi Phuong Thao, CEO of Vietjet Air, to become the second richest person in Vietnam.
April 19, 2021 | 11:17 am GMT+7
Jewelry firm PNJ eyes 15-pct post-tax profits growth
Phu Nhuan Jewelry JSC targets a 15 percent rise in post-tax profits this year to VND1.23 trillion ($53.4 million).
April 19, 2021 | 10:10 am GMT+7
Vietnam becoming an R&D hub for global tech giants
Samsung Electronics is building a $220-million R&D center in Hanoi, and U.S. chip company Qualcomm has set up its first R&D facility in Southeast Asia in Vietnam.
April 19, 2021 | 09:10 am GMT+7
VinFast hikes charter capital by 37 pct
Automaker VinFast has increased its charter capital by nearly 37 percent this year to VND42.5 trillion ($1.84 billion) amid plans to launch electric vehicles.
April 17, 2021 | 11:48 am GMT+7
Vingroup to build second auto plant in Vietnam
Vingroup subsidiary Vinhomes has proposed building an auto and parts manufacturing complex, including port infrastructure, in central Ha Tinh Province.
April 16, 2021 | 09:00 pm GMT+7
Citigroup to exit consumer banking in Vietnam
America's Citigroup will exit 13 international consumer banking markets, including Vietnam, to shift its focus to four wealth centers.
April 16, 2021 | 02:44 pm GMT+7
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