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Vingroup shuts down smartphone, TV manufacturing
Vietnam’s biggest private conglomerate, Vingroup, will stop manufacturing smartphones and televisions, focusing instead on producing equipment for VinFast cars.
Major Japanese TV brands bow out of Vietnam market
Major Japanese brands have all but disappeared from Vietnam’s television market, unable to compete with South Korean and Chinese brands in terms of technology and price.
Construction firm Ricons profit hits three year low
Construction company Ricons Group saw its post-tax profit plunging 28 percent to nearly VND24 billion ($1 million), the lowest quarterly figure since 2018.
May 09, 2021 | 12:10 pm GMT+7
ST25 rice developer to trademark new brand in the US
The Vietnamese developer of ST25, a rice variety that was adjudged the world’s best in 2019, has registered to trademark a new brand in the U.S.
May 09, 2021 | 09:00 am GMT+7
Division paralyzes Eximbank board functioning
The failure of lender Eximbank to hold its annual general meeting for a second year in a row indicates a deep schism within the board.
May 08, 2021 | 03:08 pm GMT+7
FE Credit, zooming to a billion-dollar valuation
FE Credit, Vietnam's largest consumer finance company, is now worth more than a mid-sized bank, after a decade of operation.
May 08, 2021 | 11:30 am GMT+7
Bamboo Airways first Vietnamese carrier to secure US direct flight slots
Bamboo Airways has acquired slots to operate regular direct flights from HCMC to San Francisco and Los Angeles starting September 1.
May 08, 2021 | 08:44 am GMT+7
Final settlement in coffee royalty divorce after six years
A court has ordered a final settlement in the $345 million divorce between coffee giant Trung Nguyen Group’s chairman and his ex-wife, ending a protracted six-year legal battle.
May 07, 2021 | 03:51 pm GMT+7
Petrolimex reports $44 mln profit
Petrolimex has reported pre-tax profits of over VND1 trillion ($44 million) in the first quarter thanks to the Covid-19 pandemic being contained and rising global oil prices.
May 07, 2021 | 10:20 am GMT+7
Ferrari Vietnam recalls cars over faulty airbags
Ferrari Vietnam is recalling 24 cars for airbag faults that can cause severe damage in the event of a crash.
May 07, 2021 | 07:00 am GMT+7
Energy projects suffer as developers struggle to get tax refunds
Energy project developers in Vietnam are struggling to get tax refunds for their billion dollar investments over legal tangles and confusion.
May 06, 2021 | 07:35 pm GMT+7
FE Credit valuation 40 percent above industry average
Consumer credit firm FE Credit’s valuation is 40 percent higher than the industry average for deals struck in the last five years, a report says.
May 06, 2021 | 02:14 pm GMT+7
Gojek shifts gears to introduce car rides in Vietnam
Indonesia-based ride hailing company Gojek will start offering car rides service in Vietnam in the next few weeks and allow cashless payments later this year.
May 06, 2021 | 02:11 pm GMT+7
Industrial estate developer's profit up 660 pct
Industrial real estate developer Kinh Bac City has reported its highest quarterly post-tax profit of VND715 billion ($31 million) in Q1, up 658 percent year-on-year.
May 05, 2021 | 03:51 pm GMT+7
Bookstore chain reports loss in Q1
Phuong Nam Cultural Company, the owner of Phuong Nam Book store chain, reported a VND1.4 billion ($60,800) pre-tax loss in the first quarter.
May 05, 2021 | 12:12 pm GMT+7
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