Sendo raises US$51 million in Series B funding (Sunday, August 19,2018)
Sen Do Technology JSC, the operator of Vietnamese customer-to-customer marketplace Sendo, has announced that it has secured an investment of $51 million in Series B funding led by the SBI Group from Japan, with SoftBank Ventures Korea, Daiwa PI Partners, and SKS Ventures as new investors.
German firm to provide technical support for Vietnam Airlines’ fleet (Sunday, August 19,2018)
Germany-based Lufthansa Technik AG will provide maintenance services for the auxiliary power units (APUs) of national flag carrier Vietnam Airlines’ Airbus A350-900 fleet which are produced by Honeywell.
Vietnam Airlines’ pre-tax profit surges 87% in six months (Saturday, August 18,2018)
Vietnam Airlines recorded a dramatic year-on-year rise of 87% in its pre-tax profit in the first half of 2018, approximating VND1.92 trillion (US$82.8 million) and double its target.
Merger of two biggest fertiliser firms considered (Friday, August 17,2018)
PetroVietnam is laying out plans to divest capital from the two biggest Vietnamese fertiliser companies – PetroVietnam Fertiliser & Chemicals Corp (DPM) and PetroVietnam Ca Mau Fertiliser Joint Stock Company (DCM) – to submit to authorities for consideration.
LienVietPostBank downgrades many business targets (Friday, August 17,2018)
The Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank) has revised down many business targets for 2018, citing different reasons for this decision.
Alpha King selects Savills as exclusive leasing agent (Thursday, August 16,2018)
Savills Vietnam and Alpha King Real Estate Development (Alpha King) signed a strategic partnership agreement on August 13, under which Savills is appointed as the exclusive leasing agent for Alpha Town and Alpha Mall in HCMC, the first collaboration between the two companies.
Farm deal signals co-operation among VN firms (Thursday, August 16,2018)
The latest co-operative agreement between farming and agricultural firm Hoang Anh Gia Lai (HAGL) and Truong Hai Auto Corporation (Thaco) has suggested that Vietnamese firms are willing to work together to improve their competitiveness as pressure from foreign businesses mounts.
Vinfast, Siemens sign deals for electric bus manufacturing (Wednesday, August 15,2018)
Vinfast Manufacturing and Trading Company Limited, a subsidiary of Vingroup, has signed two contracts on the supply of technology and spare parts for the manufacture of electric buses with Siemens Vietnam Company.
Ninja Van offers free 5-day logistics services in 4 cities (Wednesday, August 15,2018)
Ninja Van, a Singapore-based logistics company, on Tuesday, August 14, launched free delivery services for a limited period of five days in four cities---HCMC, Hanoi, Thu Dau Mot in Binh Duong Province and Bien Hoa in Dong Nai Province.
Vietnam Airlines includes fresh longan on flights (Wednesday, August 15,2018)
Fresh longan from Hung Yen Province will be served to business-class passengers on Vietnam Airlines’ domestic and international flights departing from Ha Noi and HCM City to destinations in Asia, Australia and Europe.
Australian businesses eye Bac Giang investment egg (Tuesday, August 14,2018)
A delegation of two Australian businesses, HunterNet and Green Agri, worked with the leaders of Bac Giang province People’s Committee on August 13 to conduct a preparatory survey on the building of a poultry processing factory and cooperating in production activities and farm produce sales in the locality.
FPT launches grand opening of university, software park complex in Can Tho (Tuesday, August 14,2018)
FPT Corporation held a grand opening for the first phase of FPT University campus and FPT Software Park Complex in Can Tho City on Friday, August 10, to ensure a supply of high-qualified manpower in the Mekong Delta region.
Vietnam Airlines team up with Can Tho to develop aviation logistics (Tuesday, August 14,2018)
The People’s Committee of Can Tho city and national flag carrier Vietnam Airlines on August 10 signed an agreement to implement an aviation logistics centre project in the Mekong Delta city.
Vinamilk to spend $170m on Can Tho hi-tech farm (Monday, August 13,2018)
Vinamilk, Viet Nam’s largest dairy producer, will splash out some VND4 trillion (US$171.3 million) to develop a 6,000-ha complex of hi-tech dairy farms in the Mekong Delta city of Can Tho under a newly-inked agreement with Song Hau Farm Corporation.
Binh Son Refining’s profit exceeds target (Monday, August 13,2018)
Binh Son Refining and Petrochemical Company (BSR) reported post-tax profits of nearly VND3.6 trillion (US$1.5 million) in the first seven months of 2018, meeting 172 per cent of its seven-month target and 103 per cent of the annual target.
PVN plans stake cut to 36% in PVD (Monday, August 13,2018)
PetroVietnam (PVN) has proposed the Ministry of Industry and Trade approve the reduction of its ownership in PetroVietnam Drilling and Well Services Corporation (PVD) from 50.4 per cent to 36 per cent.
ManpowerGroup launches professional talent specialist Experis in Vietnam (Monday, August 13,2018)
ManpowerGroup on August 9, 2018 launched its Experis brand which helps connect employers to highly skilled IT, finance and engineering workers.
Alpha King inks deal with Ascott to manage residential project (Sunday, August 12,2018)
Alpha King Real Estate Development JSC signed an agreement on August 8 with Ascott Limited (Ascott), a leading Singapore-based international serviced residence owner and operator, to manage its luxury residential project in HCMC’s District 1.
PetroVietnam surpasses business targets in seven months (Sunday, August 12,2018)
The Vietnam Oil and Gas Group (PetroVietnam) reported rosy business operation in the first seven months of the year, exceeding its set plan and on the way to achieve annual target, despite considerable risks involved in the global economy.
Thaco signs strategic deal with HAGL (Saturday, August 11,2018)
Truong Hai Auto Corporation and Hoang Anh Gia Lai Group on Wednesday announced a strategic deal to develop the latter’s agricultural business into a leader in Viet Nam and pursue a property project in Myanmar.
Bamboo Airways to operate three aircrafts in 2019 (Friday, August 10,2018)
Bamboo Airways, owned by property developer FLC Group, is scheduled to operate three aircrafts by 2019 as it officially becomes operational after receiving its licence.
Petrolimex increases consumption of Nghi Son Refinery products (Friday, August 10,2018)
The Viet Nam National Petroleum Group (Petrolimex) has limited the imports of petroleum products to consume products of Nghi Son Refinery factory located in the central province of Thanh Hoa since this month.
Dien Quang Lamp partners with US Qualcomm (Friday, August 10,2018)
Dien Quang Lamp JSC on August 7 inked a strategic cooperation agreement with American multinational semiconductor and telecommunications equipment company Qualcomm to provide the local market with lighting solutions and equipment through their smartphone application.
SCG signs $3.2b loans in Thailand (Thursday, August 9,2018)
SCG has signed loan agreements worth over US$3.2 billion with six banks in its home country, Thailand, to fund construction of Viet Nam’s first fully integrated petrochemical complex, Long Son Petrochemicals Company Limited (LSP).
ABC Bakery set to open 40 new stores in 2019 (Thursday, August 9,2018)
ABC Bakery founder Kao Sieu Luc announced, August 7 that he would open 40 new stores next year after finishing the construction of factories in the central coastal cities of Nha Trang and Danang.
VinFast to open offices in Europe, Asia (Thursday, August 9,2018)
VinFast Trading and Production Limited Liability Company, a member of the property developer Vingroup, has just finished procedures to open an office in Frankfurt, Germany.
Ba Huan seeks to cancel deal with VinaCapital (Wednesday, August 8,2018)
Vietnam’s leading poultry egg and meat producer Ba Huan has written to the prime minister asking for help to terminate its agreement with VinaCapital Vietnam Opportunity Fund (VOF) of VinaCapital Group.
Vinalines fails to choose strategic investor (Wednesday, August 8,2018)
Vietnam National Shipping Lines (Vinalines) is set to launch its initial public offering (IPO) early next month, but it has yet to find a strategic investor, the company announced today, August 6.
Indian firms eye Vietnamese healthcare sector (Wednesday, August 8,2018)
Indian enterprises participating in a meeting between Indian and Vietnamese medical enterprises, held by the Consulate General of India in HCMC on August 3, expressed a desire to invest heavily in the healthcare sector of Vietnam.
Vietnam Airlines, Vinamilk shake hands to provide 4-star service (Tuesday, August 7,2018)
Vinamilk products, served on Vietnam Airlines flights departing from Vietnam, will have specially designed packing to promote the quality of the country’s single four-star airline.