Tinhvan welcomes Japanese partner (Saturday, June 23,2018)
Tinhvan Group announced on June 20 that TIS Inc., a subsidiary of Japan-based TIS INTEC Group, has completed essential procedures to invest in Tinhvan.
Heineken launches Sustainability Report, reaffirms commitment to sustainable operations (Friday, June 22,2018)
Green is more than the signature color of Heineken’s globally favored brand; it is a deliberate choice made by the beer maker globally and in Vietnam to ensure sustainability.
Dung Quat Oil Refinery operator backtracks on reducing State ownership (Friday, June 22,2018)
The State-owned Binh Son Refining and Petrochemical Co Ltd (BSR), operator of Dung Quat Oil Refinery, has failed to follow through on its plan to sell a 49% stake to strategic shareholders.
Mai Linh expands presence (Friday, June 22,2018)
Mai Linh Corporation, or Mai Linh, on June 19, inaugurated a branch in Dien Bien Province, Dien Bien Phu City.
PV Gas to import natural gas (Thursday, June 21,2018)
PetroVietnam Gas Joint Stock Corporation (PV Gas) has said it will build more pipelines and seaport infrastructure to import natural gas given forecasts its gas output will fall in the next decade.
Tisco asks for help to solve debt issue (Thursday, June 21,2018)
Thai Nguyen Iron and Steel Corporation (Tisco) has proposed its parent company – the Vietnam Steel Corporation (VNSteel), alongside the Ministry of Industry, Trade and Finance, and other relevant agencies assist the firm to extend loan dues and restructure debts to resolve financial issues, dantri.com.vn reported.
KIDO Foods expects to move to HOSE this year (Thursday, June 21,2018)
KIDO Foods (KDF), under KIDO Group, intends to move from the Market for Unlisted Public Companies (UPCoM) to the Ho Chi Minh Stock Exchange (HOSE) between October 2018 and April 2019.
Vietjet opens two new routes (Wednesday, June 20,2018)
Vietjet on June 19 announced two new routes with one from Hanoi to Osaka, Japan, and the other from Nha Trang to Siem Reap, Cambodia.
Vietnam, Japan firms partner in smart city building in Binh Duong (Wednesday, June 20,2018)
The VNTT Company, a subordinate business of the Becamex IDC Corp., based in southern Binh Duong province, and the NTT Vietnam Corporation, an affiliate company of the NTT Group of Japan, officially signed a business cooperation contract on June 19, a move towards partnership in smart city building in Vietnam.
VSIP Quang Ngai draws $383m (Wednesday, June 20,2018)
The Viet Nam-Singapore Industrial Park (VSIP) in the central province of Quang Ngai has attracted 17 projects worth a total US$383 million since it commenced construction in 2013.
New Business Incubator office inaugurated in Soc Trang (Tuesday, June 19,2018)
A new office of the Investment Promotion and Enterprise Support Centre of Soc Trang province’s Business Incubator was inaugurated on June 18.
Vietjet continues to support Vu A Dinh Scholarship Fund (Tuesday, June 19,2018)
Continuing with its calendar of social and charitable activities, Vietnam’s budget carrier Vietjet has donated air tickets worth VND700 million to the Vu A Dinh Scholarship Fund to offer financial support for academically gifted ethnic minority students across the country.
Business registrations surge 5% y-o-y in first five months (Tuesday, June 19,2018)
Thailand saw an increase of 5% in the registration of new businesses during the first five months of this year compared to the same period last year, according to the Department of Business Development (DBD).
New businesses to enjoy fee-free services in Hanoi (Monday, June 18,2018)
The government of Hanoi City will cover all business establishment costs from early August if the city People’s Council approves its proposal, said city chairman Nguyen Duc Chung at a conference in the capital city on June 17.
Nam Long Corporation offers five million shares for foreign investors (Monday, June 18,2018)
Nam Long Group, one of the leading housing developers in Vietnam, will put 40 million shares on sale to whip up money for its key projects, one of which is the $341 million Akari City in Binh Tan district, Ho Chi Minh City.
Techcombank to increase charter capital to US$1.53 billion (Monday, June 18,2018)
The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) will increase its charter capital to nearly VND34.97 trillion (US$1.53 billion).
Digital economy offers SMEs a bright new world of opportunity (Monday, June 18,2018)
With the application of digital technologies and e-commerce, small and medium-sized enterprises (SMEs) will be able to compete on a more level playing field with major enterprises when accessing the market.
Saigon Co.op distributes VietGAP litchis (Sunday, June 17,2018)
Saigon Co.op, operator of hundreds of supermarkets and convenience stores, on June 14 planted a litchi tree in the compound of its supermarket Huynh Tan Phat in HCMC, which it had received as a gift from the Bac Giang and Hai Duong provinces that day.
Binh Son refinery reports high profit in six months (Sunday, June 17,2018)
The Binh Son Refining and Petrochemical Company (BSR) estimated a profit of VND2.947 trillion (US$129.66 million) in the first half of 2018, meeting 84.7% of its target for the whole year.
Bosch further solidifies its position in Vietnam (Saturday, June 16,2018)
Bosch, a leading global supplier of technology and services, recorded double-digit growth of over 17%, with consolidated sales reaching US$114 million in Vietnam during the 2017 fiscal year, according to the group’s news report.
Furniture firms must use domestic materials (Saturday, June 16,2018)
The world’s wooden interior decor market is predicted to grow at 3.5 per cent in 2018 and continue expanding, providing opportunities to Vietnamese businesses to increase exports of the products.
Vinamilk preparing ambitious plan for Myanmar market (Friday, June 15,2018)
Vinamilk, the country's leading dairy processor, has drawn up a long-term and ambitious plan for the Myanmar market after achieving success in Cambodia and Laos, said a representative of the company.
Prudential commits long-term investment in Vietnam (Friday, June 15,2018)
Prudential Vietnam has got approval from the Ministry of Finance to increase its chartered capital to VND4,128 billion (around US$181.8 million).
Toyota doubles capacity in Vietnam (Friday, June 15,2018)
Toyota Vietnam has plans to invest an additional US$75 million in its factory in Vinh Phuc Province to double its auto manufacturing capacity in Vietnam, officials said. The news has shocked the industry as the company recently slashed the number of locally assembled vehicles it sells.
Japanese firm launches ChatWork app for Vietnamese enterprises (Thursday, June 14,2018)
Japan-based ChatWork Company, Ltd., on June 12 launched the ChatWork app, which boasts myriad features including text messaging regardless of internet connectivity, phone calls, video calls, and file sharing for all file formats. The app targets Vietnamese firms, facilitating their management and operation.
Nidec Group to pour $200 million into Hoa Lac Hi-Tech Park (Thursday, June 14,2018)
Nidec Techno Motor Corporation's investment in Hoa Lac Hi-tech Park will start development this month and is expected to be launched in next January.
Vinalines Logistics targets 10% profit growth in 2018 (Thursday, June 14,2018)
Vinalines Logistics Viet Nam Joint Stock Company targets a total revenue of more than VND3.5 trillion (US$153.2 million) and a pre-tax profit of VND22 billion in 2018.
VCSC downgrade local pharmacy firm (Wednesday, June 13,2018)
The Viet Dragon Securities Company (VCSC) has forecast a bleak outlook on sluggish sales and rising input costs for Hậu Giang Pharmaceutical Joint Stock Company (DHG). The company has downgraded the potential growth of DHG to 'Underperform', VCSC said in its report.
Vocarimex to focus on industrial customers (Wednesday, June 13,2018)
Viet Nam Vegetable Oils Industry Corporation (Vocarimex) on June 12 said it plans to expand sales to business customers as well as exports this year.
Steel firms find ways to secure exports (Tuesday, June 12,2018)
Tariff pressure on steel exports to the United States, a market comprising over 10% of Vietnam’s steel exports, has been less extreme as local steel firms have diversified their material supplies to avoid dependence on Chinese materials, officials said.