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.
Hafele Vietnam opens biggest distribution center (Tuesday, June 12,2018)
Hafele Vietnam has opened its largest distribution center in the country with the participation of more than 500 customers and partners nationwide.
Pharmacy firm faces difficulties as competition rises (Tuesday, June 12,2018)
Hau Giang Pharmaceutical Joint Stock Company (DHG) is gradually losing its share on the traditional OTC distribution channel, according to Viet Dragon Securities Company (VDSC).
SonKim Land joins development team of Metropole Thu Thiem (Monday, June 11,2018)
Leading real estate developer SonKim Land Corporation, Quoc Loc Phat JSC (Quoc Loc Phat), and Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) have signed a strategic cooperation agreement and officially kicked off The Metropole Thu Thiem project in Thu Thiem New Urban Area (District 2, Ho Chi Minh City).
Brand investigation service for assessment of brand protection capability (Monday, June 11,2018)
If a brand, which has submitted form for and been granted protection certificate, but its owner hasn’t used it, the third party may submit form to ask the National Office of Intellectual Property to annul the brand protection certificate of the owner of that brand, in case the brand hasn’t been used in 5 consecutive years as from the date of submitting form for being granted protection certificate.
The bright outlook for Techcombank (Monday, June 11,2018)
The trend of retail lending and the firm credit growth rate have opened a new prospect for Vietnamese banking. Talking with VIR about banking development, Barry Weisblatt, head of research at Viet Capital Securities, has expressed his belief in the Vietnamese banking sector, especially in Techcombank.
EVN achieves first and positive credit rating from Fitch Ratings (Monday, June 11,2018)
Vietnam’s electricity company, Vietnam Electricity (EVN) is one step closer to issuing US dollar bonds and strengthening its financing capacity, following an endorsement by Fitch Ratings of its credit profile.
Vinacomin records high coal output, sales (Sunday, June 10,2018)
The Vietnam National Coal and Mineral Group (Vinacomin) has accelerated coal production and sales in order to meet targets set for the first six months of this year.
Viettel links Myanmar with fast 4G (Sunday, June 10,2018)
Situated along National Highway No 1, on the left bank of the Ayeyarwaddy River, Thadon is a poor and underdeveloped village.
F&N hands in 15th registration to increase Vinamilk holding (Saturday, June 9,2018)
Aiming to raise ownership in Vinamilk, Singapore-based F&N Dairy Investment has been repeatedly registering to buy over 14 million shares. This is the 15th time the investor has professed to its ambition of raising ownership in Vinamilk.
Forbes Vietnam announces top 50 firms (Saturday, June 9,2018)
Forbes Vietnam has announced Vietnam’s 50 top listed companies for 2018, which account for 70.8% of total market capitalisation on the HCM and Hanoi stock exchanges.
Viettel eyes US$50 million from online film website (Friday, June 8,2018)
The Viettel Military Industry and Telecoms Group’s Viettel Media aims to earn revenue of US$50 million from its online film store Keeng Movies by 2020, a representative from the firm said at the official launch of the website in Ho Chi Minh City on June 6.
Businesses need to innovate for greater benefits from digital economy (Friday, June 8,2018)
The digital economy has ushered in an era of new business models and methods which present huge opportunities for businesses to expand their markets, reduce business costs and promote after-sales services as well as facilitating global shopping habits.
ManpowerGroup signs jobs agreement with East Saigon Vocational School (Thursday, June 7,2018)
ManpowerGroup Vietnam signed a memorandum of understanding on June 5 with the East Saigon Vocational School to recruit and train staff in District 9, in line with the Government’s Resolution 44/NQ-CP on innovation in education and Instruction 2699 on boosting occupation orientation.