Japanese group joins local partner to open drugstores in Vietnam

Matsumoto Kiyoshito will set up a joint venture with Lotus Food Group next February to operate its drugstores in Vietnam.

Heineken no longer a major shareholder of Sabeco

Dutch brewer Heineken sold over 5 million Sabeco shares Friday, bringing its stake in Vietnam’s biggest brewer Sabeco down to 4.32 percent.

Vietjet targets Middle East, Australia with new long-range jets

Vietjet Air plans to start flying to the Middle East, Eastern Europe and Australia using the 20 Airbus A321XLR aircraft it has ordered.
November 15, 2019 | 11:50 am GMT+7

Toyota subsidiary to set up another airbag plant in northern Vietnam

Japanese auto parts maker Toyoda Gosei plans to build another airbag plant in Thai Binh Province at a cost of $16.8 million next year.
November 15, 2019 | 10:14 am GMT+7

Fashion chain closes Hanoi outlets over label fraud suspicions

Fashion chain SEVEN.AM closed its stores after authorities began investigating allegations the brand replaced made-in-China labels on its products with Vietnamese ones.
November 13, 2019 | 07:48 am GMT+7

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.
November 12, 2019 | 03:30 pm GMT+7

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.
November 11, 2019 | 08:05 pm GMT+7

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
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