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Masan closes 433 VinMart stores to cut losses

Masan closes 433 VinMart stores to cut losses

Masan has closed 421 VinMart+ convenience stores and 12 VinMart supermarkets this year as it restructures the retail business it acquired this year from Vingroup.
Vingroup profits up 42 pct

Vingroup profits up 42 pct

Vingroup’s pre-tax profits rose nearly 42 percent year-on-year in the third quarter to VND3.6 trillion ($155 million) thanks to a surge in apartment and car sales.
October 30, 2020 | 11:38 am GMT+7
More domestic firms enter list of best workplaces

More domestic firms enter list of best workplaces

Though foreign firms continue to dominate the best workplace list, things are changing with more and more Vietnamese companies making the cut.
October 23, 2020 | 08:45 pm GMT+7
VinSmart produces smartphones for US mobile service provider

VinSmart produces smartphones for US mobile service provider

VinSmart, a subsidiary of Vietnam’s largest listed company Vingroup, has received a contract manufacturing order for two million smartphones from a major U.S. carrier.
October 10, 2020 | 03:30 pm GMT+7
HCMC transport department proposes 5 electric bus routes

HCMC transport department proposes 5 electric bus routes

The HCMC Department of Transport has submitted a proposal to city authorities to expand public transportation with an all-electric fleet on five routes.
September 29, 2020 | 10:28 am GMT+7
Vinpearl loss triples as pandemic hits tourism

Vinpearl loss triples as pandemic hits tourism

Vinpearl Jsc, the hospitality and entertainment arm of conglomerate Vingroup, saw first-half losses triple year-on-year due to the impacts of the coronavirus pandemic.
September 14, 2020 | 12:03 pm GMT+7
Carmaker VinFast posts $284 mln loss

Carmaker VinFast posts $284 mln loss

Vietnamese automaker VinFast posted a loss of nearly VND6.6 trillion ($284 million) in the first half, up four times year-on-year.
September 10, 2020 | 08:24 am GMT+7
VinFast enters luxury segment with new SUV

VinFast enters luxury segment with new SUV

Vietnamese automaker VinFast has launched a luxury SUV, the VinFast President, to take on global brands like Lexus and Mercedes.
September 08, 2020 | 11:54 am GMT+7
Samsung tops Vietnamese smartphone market

Samsung tops Vietnamese smartphone market

Samsung increased its market share to 33 percent in the second quarter to become the largest smartphone brand in Vietnam.
August 13, 2020 | 02:29 pm GMT+7
Vingroup pockets $266 mln from car, smartphone sales

Vingroup pockets $266 mln from car, smartphone sales

Vietnam’s largest private conglomerate Vingroup earned H1 revenues of VND6.16 trillion ($266 million) from its manufacturing arm, triple that of last year.
July 30, 2020 | 04:03 pm GMT+7
Vinhomes profits up 13 pct in H1

Vinhomes profits up 13 pct in H1

Real estate giant Vinhomes reported a pre-tax profit of VND15 trillion ($654 million) for the first half, up 13 percent year-on-year.
July 27, 2020 | 10:50 am GMT+7
Vinhomes to build $10 bln urban area in northern Vietnam

Vinhomes to build $10 bln urban area in northern Vietnam

Real estate giant Vinhomes plans to set up a joint venture with its parent company, Vingroup, to develop a $10 billion urban area in Quang Ninh Province.
July 11, 2020 | 03:00 pm GMT+7
Vingroup produces first 5G smartphones

Vingroup produces first 5G smartphones

VinSmart, a subsidiary of Vietnam’s largest listed company Vingroup, has produced its first 5G smartphones in cooperation with the U.S.’s Qualcomm.
July 06, 2020 | 03:00 pm GMT+7
Vingroup starts construction of $1 bln theme park in Hai Phong

Vingroup starts construction of $1 bln theme park in Hai Phong

Vingroup has begun construction of Vietnam’s largest theme park on Hai Phong's Vu Yen Island, the $1-billion VinWonders.
June 22, 2020 | 11:50 am GMT+7
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