VIB wins two international digital banking awards (Wednesday, March 14,2018)
Vietnam International Bank (VIB) was recognized as “Digital Bank of the Year 2017” while its mobile banking app, MyVIB, won the “Best Retail Mobile Banking Experience 2017” award, making it the first Vietnamese bank to be awarded by The Asset magazine for two consecutive years.
VinEco acquires Hung Vuong’s feed arm (Wednesday, March 14,2018)
VinEco holds 24 per cent stake of Viet Thang Feed JSC (VTF) and expects to raise it to 60 per cent without a public offering.
Korean groups planning Thua Thien-Hue tourism complex (Wednesday, March 14,2018)
The business groups of KMH, Glostar, and OCC Company of the Republic of Korea are planning to invest in tourism projects in central Thua Thien-Hue province, according to Park Mo Won, general director of KMH group.
Thai firm owns half of Binh Minh Plastics (Tuesday, March 13,2018)
hailand’s Nawaplastic Industries (Saraburi) Co Ltd has spent over VND2.33 trillion acquiring nearly 24.2 million shares in Binh Minh Plastics Joint Stock Company (BMP), thus upping its stake at the Vietnamese company to almost 50%.
Thailand’s AMATA wants to develop smart city in Halong (Tuesday, March 13,2018)
Speaking at a conference on smart city development co-held by the Ministry of Planning and Investment and AMATA, AMATA Vietnam chief executive officer Somhatai Panichewa said the first phase of the project would cover 714 hectares.
Japanese businesses see promise in Vietnam (Tuesday, March 13,2018)
Economics, trade, and investment between Vietnam and Japan have seen constant developments over recent years with Japan having always been one of Vietnam’s most important partners, has said Vietnam Chamber of Commerce of Industry (VCCI) Vice President Hoang Quang Phong.
Vietnam-Italy Steel JSC to up foreign ownership (Monday, March 12,2018)
The Vietnam-Italy Steel JSC (VIS) plans to lift the cap of foreign ownership in the company from the current limit of 49 percent.
AEON MALL breaks ground for AEON MALL Hadong (Monday, March 12,2018)
Japanese giant shopping mall developer AEON MALL Co., Ltd. has just held the ground-breaking ceremony of AEON MALL Hadong. The construction will be officially started soon so that it can be opened in 2019.
Gas exploitation to begin at White Lion field in 2021 (Sunday, March 11,2018)
Cuu Long Joint Operating Company (Cuu Long JOC) is focusing its resources to develop the second phase of the Su Tu Trang (White Lion oil field) so that it can be exploited in the fourth quarter of 2021.
ROK food firm Jooan Holdings sets foot in Vietnam (Sunday, March 11,2018)
Targeting the potential food manufacturing and distribution sector in Vietnam, Jooan Holdings Corporation from the Republic of Korea (ROK) has decided to established a branch in Hanoi before establishing a $1.2 million food manufacturing and processing plant in Vietnam.
Amazon to enter Viet Nam (Saturday, March 10,2018)
The world’s leading e-commerce player, Amazon, is planning to enter the Vietnamese market, announced the Viet Nam E-commerce Association (VECOM).
Vietnam Airlines to open Nha Trang-Seoul route (Friday, March 9,2018)
National carrier Vietnam Airlines will open a new route linking the central province of Khanh Hoa’s Nha Trang City with Seoul in South Korea.
FLC to purchase 24 aircrafts worth US$3bn (Friday, March 9,2018)
Property developer FLC Group, which owns Viet Bamboo Airlines Company Limited (Bamboo Airways), will buy 24 A321NEO aircrafts worth US$3 billion from French manufacturer Airbus.
Vietjet announces to operate Vietnam-India direct route (Thursday, March 8,2018)
Vietjet has announced its plan to operate a direct route connecting Vietnam and India in order to serve travel demands of the two peoples and to contribute to region’s integration and trade exchange.
MWG pours VND3 trillion into Bach Hoa Xanh chain (Thursday, March 8,2018)
Mobile World Investment Corp (MWG), known in Vietnam as The Gioi Di Dong, will spend VND3 trillion (more than US$131.8 million) to expand its grocery store chain Bach Hoa Xanh in 2018.
PV Power starts trading shares on UPCoM (Wednesday, March 7,2018)
Following the successful initial public offering (IPO) in January, PetroVietnam Power Corporation (PV Power), the second largest state-run electricity producer in Vietnam, started trading its shares on the Unlisted Public Company Market (UPCoM) on March 6.
Local firms inject US$53 mln into ginseng projects (Wednesday, March 7,2018)
VinGroup and TH True Milk have registered to invest VND1.2 trillion (US$53 million) in ginseng and herbs farm projects in mountainous Nam Tra My district of Quang Nam province.
Thai firm eyes more stake in Binh Minh Plastics (Wednesday, March 7,2018)
Nawaplastic Industries (Saraburi) Co Ltd of Thailand has registered to buy 24.16 million shares of Binh Minh Plastics Joint Stock Company, or 29.51% of the latter’s capital.
VNG incurs big losses from Tiki investment (Tuesday, March 6,2018)
VNG Corporation, a provider of online games and related services, reported a handsome profit of more than VND1 trillion (US44 million)in the fourth quarter of 2017, but suffered a loss of VND218 billion from the e-commerce platform Tiki.
VRG to complete equitization in Q2 (Tuesday, March 6,2018)
The Ministry of Agriculture and Rural Development will complete the equitization of Vietnam Rubber Group (VRG) in the next quarter and hand over its management to the State capital management committee.
Vietnam Airlines to introduce flights to Singapore, Taiwan (Tuesday, March 6,2018)
National carrier Vietnam Airlines will add four flights per week from HCM City to Singapore and Taiwan each from March 27.
VinaCapital unit owns 33.77% of Ba Huan (Monday, March 5,2018)
Singapore’s Hawke Investment Pte Ltd under VinaCapital Vietnam Opportunity Fund Ltd (VOF) owns 33.77% of Ba Huan Corporation, according to the latter’s adjusted business registration.
AirAsia seen launching joint venture in Vietnam later this year (Monday, March 5,2018)
Malaysian budget airline AirAsia Bhd plans to launch a joint venture in Vietnam later this year.
Nghi Son oil refinery ready for operation (Sunday, March 4,2018)
The Nghi Son Oil Refinery and Petrochemical (NSRP) complex in the central province of Thanh Hoa is ready for official operation from February 28.
Vincom Retail poised to join ETF portfolios (Saturday, March 3,2018)
Vincom Retail could be added into the investment portfolios of the two major foreign-run exchange traded funds (ETFs) on the Vietnamese securities market: FTSE Vietnam ETF and VNM Vietnam ETF.
Japanese bank to open office in Hanoi (Friday, March 2,2018)
Japan’s Juroku Bank Ltd will open a representative office in Hanoi in the time ahead after getting a licence from the State Bank of Vietnam (SBV) in early February.
New firms increase by 30% in 2 months (Friday, March 2,2018)
Nearly 18,703 new enterprises were formed in the country in the first two months of this year, with a total registered capital of more than VND197.3 trillion (US$8.66 billion).
PetroVietnam faces challenges in 2018 (Thursday, March 1,2018)
The rapid exhaustion of its main oil discoveries is putting the Viet Nam National Oil and Gas Group, better known as PetroVietnam, under great pressure to reach its oil exploration and production targets for 2018.
Samsung’s new flagship smartphones made in Vietnam (Thursday, March 1,2018)
Samsung Electronics Co Ltd launched a new line of flagship smartphones, Galaxy S9 and Galaxy S9+ at World Mobile Congress 2018 in Barcelona, Spain on February 26. These devices were made at the company’s two plants in Vietnam.
Binh Son refiner to trade on UPCoM in March (Wednesday, February 28,2018)
Binh Son Refining and Petrochemical Company (BSR) will trade shares on the Unlisted Public Company Market (UPCoM) with code BSR on March 1.