South Korea's Hana Bank acquires 15 pct stake in BIDV

BIDV, Vietnam’s biggest state-owned lender by assets, has completed the transfer of a 15 percent stake to KEB Hana Bank.

85 pct of listed firms report Q3 profits

706 listed companies reported profits in the third quarter, with strong growth in the telecommunications, insurance and banking sectors.

Vietnam, US ink $2.7 bln deals

Vietnam and the U.S. signed memorandums of understanding on major business deals worth $2.7 billion on Friday as the two countries seek to reduce the latter's climbing trade deficit.
November 09, 2019 | 07:13 pm GMT+7

Saigon to pilot public electric motorbike service

The HCMC Transport Department will launch a public transport service using electric motorbikes at the end of this year.
November 08, 2019 | 03:15 pm GMT+7

Hanoimilk’s rise and fall

Former leading dairy producer Hanoimilk is struggling amid fierce competition and hopes for investment from a bigger player.
November 08, 2019 | 12:42 pm GMT+7

Masan struggles to grow in Vietnam’s competitive beer market

Vietnamese food giant Masan is struggling to grow its beer business, which is suffering losses and could drop out of the domestic market.
November 08, 2019 | 09:33 am GMT+7

Vingroup begins making smart televisions

VinSmart, the smartphone producing unit of Vietnam’s biggest private conglomerate Vingroup, has revealed its first 55-inch smart TV.
November 07, 2019 | 07:20 pm GMT+7

WeWork to open 2 coworking offices in HCMC

Coworking startup WeWork plans to open two more offices in Ho Chi Minh City’s District 1 this month.
November 07, 2019 | 01:00 pm GMT+7

10 top firms earn $4.7 billion in Jan-Sept pretax profits

Vietnam’s top 10 most profitable listed companies, half of them banks, earned Jan-Sept pretax profits of VND110 trillion ($4.7 billion).
November 06, 2019 | 05:06 pm GMT+7

HAGL Agrico’s losses surge in Q3

HAGL Agrico reported a VND990 billion ($42.54 million) net loss in the third quarter, its fifth straight quarter in the red.
November 06, 2019 | 01:45 pm GMT+7

First Uniqlo store in Vietnam to open next month

The first store of Japanese casual wear retailer Uniqlo will open December 6 in Ho Chi Minh City’s District 1, the company said in a statement.
November 06, 2019 | 08:59 am GMT+7

Vietnam suspects $4.3 bln worth of aluminum imported for origin fraud

Vietnamese authorities suspect $4.3 billion worth of aluminum has been imported with the intent of being exported to the U.S. relabled as made-in-Vietnam products.
November 05, 2019 | 07:11 pm GMT+7

Vietcombank to pull out of BNP Paribas insurance joint venture

Vietcombank is selling its stake in a JV with French life insurance firm BNP Paribas as part of a possible bancassurance deal with a foreign buyer.
November 05, 2019 | 10:32 am GMT+7

FLC Group puts central Vietnam zoo up for sale

Private business group FLC has put up for sale its entire stake in Faros Zoo, a business it owns through a subsidiary.
November 05, 2019 | 08:02 am GMT+7

BIDV issues bonds worth $216 million

Vietnam’s largest bank by assets, BIDV, has issued VND5 trillion ($215.6 million) worth of bonds to augment capital.
November 04, 2019 | 04:32 pm GMT+7
 
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