WeChat Pay e-wallet launched in Vietnam (Friday, December 22,2017)
E-wallet service provider Vimo Technology ISC on December 20 clinched a deal with Southern Airports Services JSC (SASCO) to provide WeChat Pay e-wallet service for Chinese tourists to Vietnam.
Panasonic doubles wiring device production capacity (Friday, December 22,2017)
Panasonic Eco Solutions Vietnam Co Ltd (PESVN), a subsidiary of Panasonic Corporation, on December 18 inaugurated a new wiring device and circuit breaker factory in Binh Duong Province, thus doubling its production capacity in Vietnam.
ABBank gets IFC credit to expand lending (Friday, December 22,2017)
International Finance Corporation (IFC), a member of the World Bank Group, and Goldman Sachs 10,000 Women will provide a US$110 million syndicated loan for An Binh Commercial Joint Stock Bank (ABBank) to increase lending to small and medium enterprises (SMEs).
Top listed firms for 2017 announced (Thursday, December 21,2017)
Vietnam Report Company (VNR) on December 19 announced the top 10 most prestigious listed companies for 2017.
Awards honour 14 business leaders in Viet Nam (Thursday, December 21,2017)
Fourteen outstanding business leaders from Viet Nam were honoured as winners of the prestigious Asia Pacific Entrepreneurship Awards 2017 (APEA) at a ceremony held in HCM City on Tuesday, the first time it was held in Viet Nam.
Vinalines corporate value estimated at US$800 million (Wednesday, December 20,2017)
After being audited by the State Audit Office of Vietnam, the corporate value of Vietnam’s state-owned shipping group (Vinalines) increased by VND1.35 trillion ($59.4 million) with the state-owned capital increase of VND1.8 trillion ($79.2 million), compared to the previous statistics.
Sabeco sells 53.6% stake for US$4.89 billion (Wednesday, December 20,2017)
The Ministry of Industry and Trade (MoIT) on December 18 sold all of its 343.6 million shares or a 53.6% stake of the Saigon Beer, Alcohol and Beverage Corporation (Sabeco), receiving an estimated VND110 trillion (US$4.89 billion).
Petrolimex to sell Euro 5 diesel in 2018 (Wednesday, December 20,2017)
Viet Nam National Petroleum Group (Petrolimex) plans to sell diesel meeting Euro 5 emissions standards from January 1, 2018, becoming the first company to distribute diesel of the highest quality in Viet Nam.
Vietjet opens three air routes between Vietnam and Thailand (Tuesday, December 19,2017)
Low-cost carrier Vietjet has recently opened three new air links between Vietnam and Thailand to meet the increasing travel demand.
GENCO 1’s 11-month hydropower output surpasses year’s target (Tuesday, December 19,2017)
The Generation Corporation 1 (GENCO 1) of the Electricity of Vietnam (EVN) produced more than 9 billion kWh of hydropower in the first 11 months of 2017, 40% higher than this year’s target.
Vinacomin signs alumina export deal with UAE partner (Monday, December 18,2017)
The Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) has signed a contract with the Emirates Global Aluminum (EGA) of the United Arab Emirates (UAE) to supply it with 300,000 tons of alumina (Aluminium Oxide) annually from 2018 to 2020.
FPT Software, Airbus link up in aviation technology (Monday, December 18,2017)
FPT Software and Airbus have signed a Letter of Intent (LoI) on looking into opportunities to develop aviation technology related to Airbus’s Skywise, a new aviation data platform.
Binh Son refining company to open Vietnam’s largest IPO in January (Monday, December 18,2017)
Binh Son Refining and Petrochemical Co Ltd (BSR), the operator of Dung Quat Refinery, will conduct Vietnam’s biggest-ever initial public offering (IPO) on January 17 next year, hoping to garner about VND4 trillion (US$157.4 million) for State coffers.
TCC Group launches MM Mega Market Thang Long to boost northern business (Sunday, December 17,2017)
TCC Group (Thailand) unveiled on December 13 its MM Mega Market Thang Long in Hanoi, marking the next step in transforming Metro Cash & Carry Vietnam (Metro Vietnam) to MM Mega Market Vietnam as announced earlier this year.
Vietnam Airlines to add 1,100 flights for Tet holiday (Sunday, December 17,2017)
Vietnam Airlines will offer 1,100 more flights to meet travel demand during the upcoming Tet holiday.
Vinalines provides new cold storage services (Saturday, December 16,2017)
The Vietnam National Shipping Lines (Vinalines) said it has partnered with O’s&Tec Joint Stock Company of Japan to implement a cold storage project for the transportation of fresh food and fruits.
ANZ Vietnam to close retail services (Friday, December 15,2017)
ANZ Vietnam will stop providing retail services for customers from December 15 as it has sold its retail business in Vietnam to Shinhan Bank Vietnam, according to Kinh Te Do Thi news website.
Vietsovpetro earns US$1.89 billion in revenue, exceeding goal (Friday, December 15,2017)
By December 14, the Vietnam-Russia oil and gas exploration joint venture Vietsovpetro has earned over US$1.89 billion, exceeding its target of US$1.88 billion set for 2017.
Japanese firms discuss VN business obstacles (Friday, December 15,2017)
Japanese enterprises raised four problems they face while doing business in Viet Nam in a dialogue with the Advisory Council for Administrative Procedure Reform on Wednesday.
U.S. oncology software launched in Vietnam (Friday, December 15,2017)
Software technology IBM Watson for Oncology developed by U.S. company IBM has just been introduced in Vietnam. The technology, based on expert training by Memorial Sloan Kettering physicians, is expected to provide clinicians with evidence-based treatment options.
KIDO, TTC join forces to distribute sugar (Thursday, December 14,2017)
Food producer KIDO Corporation and sugar maker Thanh Thanh Cong (TTC) Group on December 12 inked a cooperation agreement on refined sugar development and distribution.
Thai Beverage bids on 25 per cent of Sabeco (Thursday, December 14,2017)
Thai Beverage has emerged as the only investor that intends to buy more than 25 per cent of Vietnam’s leading brewery Saigon Beer.
JC&C reinforces presence in Vietnam (Wednesday, December 13,2017)
After spending over US$1 billion on acquiring a large stake in Vinamilk, the largest automotive group from Singapore, Jardine Cycle & Carriage Limited Company (JC&C), has poured VND45 billion into acquiring an additional 1.1 million shares in Refrigeration Electrical Engineering Corporation (REE).
VietinBank wins Vietnam Outstanding E-Banking Award 2017 (Tuesday, December 12,2017)
Vietinbank has been presented with the Vietnam Outstanding E-banking Award 2017 at an ceremony of the Vietnam Outstanding Banking Awards 2017.
PetroVietnam surpasses 11-month targets (Tuesday, December 12,2017)
The Viet Nam National Oil and Gas Group (PetroVietnam) surpassed its set business targets in the first 11 months of the year, the group said.
Vietnam Airlines’ member ranks second in global network (Tuesday, December 12,2017)
Vietnam Airport Ground Services Company Limited (VIAGS) at Tan Son Nhat International Airport, subsidiary of national carrier Vietnam Airlines, was ranked by Taiwanese five-star airline Eva Air as the second best passenger service in the global airline network.
Chinese furniture firms to boost investment in Vietnam (Monday, December 11,2017)
Many Chinese furniture producers, especially those from Tianjin City, have plans to step up investment and trade ties with Vietnamese companies, said Gao Xi Zhi, chairwoman of the Tianjin Furniture Association.
USG Boral adds US$20 million investment (Monday, December 11,2017)
USG Boral, a leading producer of building materials, announced on December 7 to invest an additional US$20 million in its plant at Hiep Phuoc Industrial Zone in Nha Be District, HCMC.
BSR inks crude oil supply agreements with Socar, Glencore (Monday, December 11,2017)
Binh Son Refining and Petrochemical Co. Ltd. (BSR) has signed crude oil supply agreements with two trading companies – Glencore Singapore and Socar Trading SA – to supply the Dung Quat refinery for the 2018-25 period.
Nestlé Vietnam receives a Sustainable Business title (Monday, December 11,2017)
Swiss-backed food and beverage company Nestlé Vietnam has recently received the title of Sustainable Business 2017 at an annual ranking programme in Hanoi.