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Rising middle class pushes wealth management potential in Vietnam
The personal financial assets market in Vietnam is forecast to reach hundreds of billions of U.S. dollars in the next few years, providing significant opportunities for wealth management services.
Red Lobster seeks bankruptcy protection with $100M in financing commitments
U.S.-based restaurant chain Red Lobster has filed for Chapter 11 bankruptcy protection in a Florida court after securing $100 million in financing commitments from its existing lenders, the company said on Sunday.
Netflix removes most games for Vietnamese users
Streaming giant Netflix has removed around 90 games from its app for users in Vietnam, one month after being told by the government that it distributed them without permits.
May 20, 2024 | 06:12 pm PT
Apple slashes iPhone prices by over $300 in China
Apple has launched an aggressive discounting campaign on its official Tmall site in China, offering discounts of up to 2,300 yuan ($318) on select iPhone models.
May 20, 2024 | 06:00 am PT
CEO banned from leaving Vietnam for $39 debt
A CEO in Ho Chi Minh City has been banned from leaving the country because his chemical company owes VND997,000 ($39) in taxes.
May 20, 2024 | 05:52 am PT
Using map that violates Vietnam's sovereignty was a mistake: Yadea Vietnam
Chinese e-bike brand Yadea Vietnam has admitted to its “mistake” in using a map that violates Vietnam’s sovereignty by using the Chinese names for Vietnam’s Hoang Sa and Truong Sa archipelagos.
May 20, 2024 | 01:06 am PT
Investment firm to sell out government stakes in FPT, other companies
The State Capital Investment Corporation, Vietnam’s sovereign fund which also handles the government’s financial investments, plans to divest from 31 companies including tech giant FPT.
May 19, 2024 | 08:18 pm PT
Why airfares won't drop anytime soon
Bringing down fares now is nearly impossible for Vietnamese carriers as a shortage of jets poses operational headaches and post-Covid difficulties still linger, industry insiders have said.
May 19, 2024 | 03:19 pm PT
Haidilao restaurant operator Super Hi's shares surge 38% in strong US market debut
Super Hi International (9658.HK) jumped 38% in its debut on Nasdaq, giving the operator of Chinese hotpot restaurant chain Haidilao a valuation of about $1.74 billion.
May 18, 2024 | 02:07 am PT
Singapore Airlines gives 8-month salary bonus to employees
Singapore Airlines will give each employee a bonus of nearly eight months of salary after posting record profits.
May 18, 2024 | 12:00 am PT
US semiconductor giant Marvell Tech launches third office in Vietnam
The U.S.-based Marvell Technology Inc. on Friday announced that it has opened an office in the central city of Da Nang, the third of its kind in Vietnam along with two others in Hanoi and Ho Chi Minh City.
May 17, 2024 | 10:51 pm PT
Pandora builds $150M jewelry plant in southern Binh Duong
Construction has began at the $150 million Danish-invested Pandora Production Vietnam jewelry plant at the Vietnam-Singapore Industrial Park III (VSIP III) in the southern province of Binh Duong.
May 17, 2024 | 04:18 pm PT
Hanoi Metro posts $500K profit
The Hanoi Railway Company Limited (Hanoi Metro), the operator of the Cat Linh – Ha Dong urban metro line, said it made a profit of over VND13 billion ($510,730) in 2023, nearly six times more than the previous year.
May 17, 2024 | 04:17 pm PT
Singapore Changi named world’s third cleanest airport
Singapore’s Changi Airport is ranked the third cleanest airport in the world this year, according to British airport review and ranking site Skytrax.
May 17, 2024 | 02:28 am PT
Saigon Jewelry Company wants government monopoly on gold bar production to go
The state-owned Saigon Jewelry Company has called on the government to relinquish its monopoly on gold bar production and allow businesses to import and make bullion.
May 16, 2024 | 11:06 pm PT
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