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VinFast rolls out long-awaited electric SUVs, eyes overseas deliveries

VinFast rolls out long-awaited electric SUVs, eyes overseas deliveries

Vietnamese carmaker VinFast said on Thursday it will begin delivering its new electric sport utility vehicles (SUVs) to local customers this week and targets overseas deliveries in the coming months.
Bamboo Airways to raise $425M through rights issue

Bamboo Airways to raise $425M through rights issue

Bamboo Airways plans to make a rights issue of shares to increase its capital by 54%, or nearly VND10 trillion (US$425.44 million), to fund operations and pay off debts.
March 23, 2023 | 08:58 pm PT
Foreign investors can buy 28% stake in PGBank from Petrolimex divestment

Foreign investors can buy 28% stake in PGBank from Petrolimex divestment

Foreign investors can buy up to a 28% stake in PGBank when its largest shareholder Petrolimex divests from the lender.
March 23, 2023 | 12:07 am PT
Moody’s lowers Techcombank ratings

Moody’s lowers Techcombank ratings

Ratings agency Moody's Investors Service has downgraded the long-term deposit and issuer ratings of private lender Techcombank because of its high exposure to the struggling property sector.
March 22, 2023 | 09:00 pm PT
Vietnam's Be Group in deal to become country's first ride-hailing firm to use EVs

Vietnam's Be Group in deal to become country's first ride-hailing firm to use EVs

Vietnam's Be Group said on Tuesday it has signed an agreement with an electric vehicle leasing service that will make it the first ride-hailing firm in the country to use EVs.
March 21, 2023 | 05:32 pm PT
FLC uses Bamboo Airways shares as collateral

FLC uses Bamboo Airways shares as collateral

Property developer FLC will use nearly 155 million Bamboo Airways shares as collaterals for loans from lender OCB, repeating a decision it made three years ago.
March 20, 2023 | 03:14 pm PT
Gambling ads, adult content make Facebook 'toxic'

Gambling ads, adult content make Facebook 'toxic'

Facebook frequently displays ads soliciting gambling, which is illegal in Vietnam except at licensed casinos, and adult content even in accounts whose owners never search for them.
March 19, 2023 | 11:06 pm PT
Samsung denies moving smartphone production chain from Vietnam to India

Samsung denies moving smartphone production chain from Vietnam to India

General Director of Samsung Vietnam Complex Choi Joo Ho said the group would not move smartphone production lines from Vietnam to India.
March 19, 2023 | 04:00 am PT
Novaland appoints first foreign CEO

Novaland appoints first foreign CEO

Property developer Novaland has appointed Dennis Ng Teck Yow as its first foreign CEO as part of a major restructuring after key leaders resigned.
March 16, 2023 | 11:47 pm PT
Bamboo Airways unveils mystery buyer

Bamboo Airways unveils mystery buyer

Bamboo Airways has found a buyer who is also willing to help disgraced former chairman Trinh Van Quyet deal with the financial consequences of his alledged crime.
March 16, 2023 | 09:08 pm PT
Binh Son profit down 89% due to refinery maintenance

Binh Son profit down 89% due to refinery maintenance

Binh Son Refining and Petrochemical, which operates the Dung Quat Oil Refinery, estimated its profit will fall by 89% to VND1.6 trillion ($67.86 million) this year against last year.
March 15, 2023 | 03:31 pm PT
Hanoi firm defrauds 4,000 with $17M Ponzi scheme

Hanoi firm defrauds 4,000 with $17M Ponzi scheme

The top management of Hanoi firm Bankland have been arrested for allegedly defrauding 4,000 people with a Ponzi scheme and offering shares to the public without permits.
March 14, 2023 | 08:29 pm PT
Chairman’s dream of making Hoa Sen Housing billion-dollar retail giant has to wait

Chairman’s dream of making Hoa Sen Housing billion-dollar retail giant has to wait

The chairman of steel giant Hoa Sen Group hopes to make subsidiary Hoa Sen Home the country’s biggest distributor of construction materials, but two years on, teething troubles continue.
March 14, 2023 | 08:29 pm PT
Steelmaker Hoa Sen’s chairman: 'I don’t leave any property to my children'

Steelmaker Hoa Sen’s chairman: 'I don’t leave any property to my children'

Hoa Sen Chairman Le Phuoc Vu said that after three years of pondering what to do with his VND1.6 trillion (US$67.8 million) in shares, he decided to donate his fortune to a non-profit.
March 14, 2023 | 05:00 am PT
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