EVN ensures stable electricity supply (Saturday, May 19,2018)
HCM City is expected to have a stable electrical supply during the summer, according to the HCM City Power Corporation (EVN HCMC).
Jetstar Pacific to add more flights to Guangzhou this summer (Friday, May 18,2018)
Vietnam’s low-cost carrier Jetstar Pacific will operate more flights on HCMC-Guangzhou and Hanoi-Guangzhou routes this summer to meet the high demand for air travel, the airline said on May 16.
Samsung Pay allows for transactions by Smart Watch (Friday, May 18,2018)
Apart from smartphones, the smart watch Gear S3 of Samsung now allows Samsung Pay subscribers to make payments without a bank card, a representative of Samsung Vina Electronics Co Ltd said on May 16.
BW Industrial inaugurated in Binh Duong (Thursday, May 17,2018)
Real estate and logistics company BW Industrial was inaugurated in Binh Duong Province on May 15 as a joint venture between the global private equity firm Warburg Pincus and Becamex IDC Corp.
Grab-Uber deal may be illegal: VCA (Thursday, May 17,2018)
Grab’s acquisition of Uber could have violated the Competition Law, said officials of the Viet Nam Competition Authority (VCA) under the Ministry of Industry and Trade, adding that they might begin an official investigation.
Sado Group: Affirming brand name by product quality (Thursday, May 17,2018)
Against the backdrop of strong economic movement of Vietnam and the world, glass is becoming a popular material in the central treadmill of construction works. Adopting innovative thinking, challenging difficulties and grasping new trends, Sado Group has become the first brand in Vietnam to have a world-standard glass and aluminium glass production factory, which is situated in Tam Phuoc Industrial Park, Bien Hoa City, Dong Nai Province.
Becamex, Warburg Pincus in joint venture (Wednesday, May 16,2018)
Warburg Pincus, a leading global private equity firm focused on growth investing, and Becamex IDC Corp, the construction and development giant in Viet Nam, officially launched their joint venture BW Industrial Development Joint Stock Company on Tuesday.
Licogi 16 aims for US$110 million in consolidated revenue in 2018 (Wednesday, May 16,2018)
Licogi 16 Joint Stock Company (Licogi 16) aims to earn VND2.5 trillion (US$110 million) in consolidated revenue and roughly VND1.96 trillion (US$86.2 million) in stand-alone revenue in 2018, up 65% and 69% year on year, respectively.
Cuong Phat Ceramics: 35-year Branding (Wednesday, May 16,2018)
With sophisticated high-class products that carry distinctively national cultural values, Cuong Phat pottery has succeeded in conquering domestic consumers and reaching out to many markets in the world.
Xiaomi opens authorized Mi Store in Hanoi (Tuesday, May 15,2018)
Chinese electronics and software company Xiaomi launched its first authorized store in Hanoi on May 12, taking to seven the total number of its authorized stores in the country within months.
Petrolimex Aviation to supply fuel to all airports (Tuesday, May 15,2018)
Petrolimex Aviation Fuel Joint Stock Company (Petrolimex Aviation) will supply fuel to all 26 airports in Viet Nam, according to the next five-year development plan.
Doosan Vietnam exports first rubber-tyred cranes to India (Tuesday, May 15,2018)
Doosan Heavy Industries Vietnam Co. Ltd. (Doosan Vina) has shipped five rubber-tyred cranes to India.
US$180-million AEON MALL Haiphong to break ground on May 13 (Monday, May 14,2018)
On May 13, Japanese shopping mall developer AEON MALL will receive the investment certificate for its US$180-million “AEONMALL Haiphong–Le Chan” shopping mall. The ground-breaking ceremony of the project will be organised on the same day.
Nippon Sheet Glass to restart idle thin glass float factory in Vietnam (Monday, May 14,2018)
Japanese glass producer Nippon Sheet Glass (NSG) will pump part of a US$365 million investment into upgrading and restarting a currently dormant thin glass float factory in Vietnam, according to the company website.
Businesses in HCM City ready for Industrial Revolution 4.0 (Monday, May 14,2018)
According to the Vietnam Chamber of Commerce and Industry, about 75% of Vietnamese businesses still use the 2.0 and 3.0 technology phase.
Vinareal Trading and Investment Co., Ltd Building professional, healthy property market (Monday, May 14,2018)
Staffed by more than 300 consultants and collaborators sharing the same mission of grasping ever-increasing market demands, Nha Trang Real is among the Top 10 real estate developers in Vietnam.
Kyoei Steel’s prospects after Vietnam Italy Steel acquisition (Friday, May 11,2018)
Will buying an additional 45 per cent stake in Vietnam Italy Steel JSC (VIS) help Japanese Kyoei Steel to grow dominant in the steel manufacturing sector in Vietnam?
Viettel to provide services in Myanmar in Q2 (Friday, May 11,2018)
Vietnam’s military-run Viettel Group will officially inaugurate its services in Myanmar under the trade name of Mytel in the second quarter of 2018.
PV Power’s profit up 37% in first quarter of 2018 (Thursday, May 10,2018)
PetroVietnam Power Corporation (PV Power) recorded a consolidated net profit of VND780 billion (US$34.2 million) in the first quarter, a growth of 30.6% against the same period of last year.
Platinum Victory to raise Vinamilk’s ownership to 11% (Thursday, May 10,2018)
Platinum Victory Pte. Ltd, a wholly-owned subsidiary of Singapore-based automotive group Jardine Cycle and Carriage (JC&C), has registered to purchase an additional 14.51 million shares of Vietnam’s largest dairy producer Vinamilk.
Novaland’s US$160 million bonds listed on Singapore exchange (Wednesday, May 9,2018)
No Va Land Investment Group Corporation, or Novaland, raised around US$160 million from offering convertible bonds which were listed on the Singapore Exchange Limited on April 30, marking the first Vietnamese convertible bond overseas listing after six years.
Hoa Sen records largest steel exports to Europe (Wednesday, May 9,2018)
Hoa Sen Group exported 15,000 tonnes of steel directly to Europe on May 8 from the Quy Nhon Port in Binh Dinh Province.
Viet Hai Fish Sauce: Quality and real benefit result in longevity (Wednesday, May 9,2018)
In 2017, the company won the Typical Rural Industrial Product Award of Khanh Hoa province and was selected to be a representative of the province for the central region and the country. Pham Thai Hai, Director of Viet Hai Company, stressed, “Fish sauce is one of a few consumer products that Vietnamese people use every day. This is a potential market for businesses in the industry and Viet Hai will certainly continue to make the most of this advantage with quality, safe products.”
Harvey Law Group celebrates 10th year in Vietnam (Tuesday, May 8,2018)
Multinational immigration and business law firm Harvey Law Group is going to celebrate its 10th anniversary in Vietnam this year.
Vietjet sees Q1 profit exceeding US$65 million (Tuesday, May 8,2018)
Vietjet Aviation Joint Stock Co, or Vietjet Air, on May 3 announced its consolidated financial report for quarter one, which puts its pre-tax profit at over VND1,480 billion, or US$65 million.
ACV targets over 5.6 trillion VND in 2018 profit (Monday, May 7,2018)
The Airports Corporation of Vietnam (ACV) said it is aiming at more than 5.6 trillion VND (246.4 million USD) worth of profit in 2018 at its Annual General Meeting of Shareholders held on May 4.
Viettel’s revenue from overseas investment reaches 1.7 bln USD (Monday, May 7,2018)
Viettel Group’s revenue from its overseas investment in 2017 surged by 38 percent from the previous year to reach 38 trillion VND (1.7 billion USD).
Thanh Khue Private Enterprise Bringing Vietnamese Handicrafts to the World (Monday, May 7,2018)
Using handicrafts input materials from the countryside, Thanh Khue Private Enterprise is a typical example of a Vietnamese company seeking to bring high-quality, well-branded products to consumers. Now, all products are directly exported to the international market. The result is a prime example of unity (of more than 200 employees).
Construction and Investment Co., Ltd Creating a modern, civilised residence (Sunday, May 6,2018)
“Khanh Hoa province currently needs 15,000 apartments for low-income people, according to a report by the Provincial Department of Construction. Thus, the objective of the company is to help low-income earners to realise the dream of permanent settlement,” said Nguyen Xuan Hoa, Director of Construction and Investment Co., Ltd. Arguably, the second phase of Binh Phu Social Housing Project invested by the company is a result of understanding and listening, a great effort of the investor to meet pressing social demands.
Vinamilk’s profit down by 9% in first quarter (Sunday, May 6,2018)
Dairy giant Vinamilk reported a fall of 9% in its consolidated net profit in the first quarter of this year, reaching over VND2.68 trillion (US$118 million).