Petrolimex’s profit down despite revenue increase (Wednesday, February 7,2018)
The Vietnam National Petroleum Group (Petrolimex) reported total sales of more than VND155.65 trillion (US$6.83 billion) last year, a year-on-year increase of 26 percent.
PVOil launches cashless payment app for drivers (Wednesday, February 7,2018)
PetroVietnam Oil Corporation (PVOil) on Tuesday launched PV Oil Easy, an application for smartphones and tablets that allows users to buy petrol and manage their purchases via a QR code.
Electronic components factory being built in Yen Bai (Tuesday, February 6,2018)
Construction of a fully-owned South Korean factory producing electronic components was kicked off on February 3 in the northern province of Yen Bai’s Tran Yen District.
Saigontourist to go public this year (Monday, February 5,2018)
Saigontourist Holding Company – the country’s leading tourism services provider – and its subsidiary Saigontourist Travel Service Company are expected to go public later this year, said the group’s top executive.
Starbucks to open in Da Nang this month (Monday, February 5,2018)
Starbucks will open its first café in Da Nang City on February 3 to celebrate five years of its presence in Vietnam.
VATM signs air traffic management deal (Monday, February 5,2018)
The Viet Nam Air Traffic Management Corporation (VATM) on Friday signed a contract with the US’s Mitre Corporation for technical assistance to develop air traffic flow management in Viet Nam.
Masan starts meat processing complex in Ha Nam (Monday, February 5,2018)
Masan Group on February 4 held a groundbreaking ceremony for its meat processing complex in the Dong Van 4 Industrial Park, Kim Bang district, the northern province of Ha Nam.
Shopee cuts deal with Xiaomi (Sunday, February 4,2018)
Shopee, an e-commerce platform, clinched a strategic agreement with the Chinese electronics and software company Xiaomi on January 31 to launch an online retail channel for Xiaomi products in Vietnam.
Hoa Phat eyes VND100 trillion revenue by 2020 (Sunday, February 4,2018)
Hoa Phat Group (HPG) said it hopes to earn more than VND100 trillion (US$4.4 billion) in revenue by 2020, the year the Hoa Phat Dung Quat iron and steel production complex is expected to become fully operational.
Vietnam Airlines targets US$11.5 billion profit in European market (Sunday, February 4,2018)
The national flag carrier Vietnam Airlines hopes to earn US$11.5 billion in the European market, US$1.7 billion higher than that of 2017.
Vietjet’s pre-tax profit hits nearly VND4.755 trillion (Saturday, February 3,2018)
The Vietjet Aviation Joint Stock Company (HOSE: VJC) has posted its pre-tax profit of approximately VND4.755 trillion (US$209.22 million) in pre-tax in 2017, up 75.9% year on year.
Vinasun to take Grab to court over ‘unhealthy competition’ (Saturday, February 3,2018)
Vietnam’s top taxi firm Vinasun is taking the Vietnamese branch of the Malaysia-based ride-haling firm Grab to court over “unhealthy competition”.
Hoa Binh Construction Group wins multi-million dollar contracts (Friday, February 2,2018)
The Hoa Binh Construction Group JSC on January 31 signed a contract worth VND470 billion (over US$20.6 million) with the Cam Lam Investment Ltd under which it will undertake the construction of the Swiss Belresort Nha Trang in the south central coastal province of Khanh Hoa.
PV Power sells over 468 million shares in IPO (Friday, February 2,2018)
The PetroVietnam Power Corporation (PV Power) sold all 468.37 million shares it offered at the initial public offering (IPO) at the Hanoi Stock Exchange on January 31, raising nearly VND7 trillion (US$308 million).
TH Group opens first high-producing dairy farm in Russia (Friday, February 2,2018)
Vietnamese dairy maker TH Group inaugurated a high-producing dairy farm in Volokolamsk district, Russia’s Moscow Oblast, on January 31.
Asanzo opens new plant in Long An Province (Thursday, February 1,2018)
Electronics producer Asanzo Vietnam JSC has opened a plant in the southern province of Long An, and intends to build another in HCMC later this year.
Japanese firm becomes strategic partner of Square Communications (Thursday, February 1,2018)
Square Communications JSC, an integrated marketing communications group in HCMC, announced on January 29 that Hakuhodo Inc., Japan’s second largest advertising company, has become its strategic partner after two years of negotiations.
FLC earned VND11.6 trillion revenue in 2017 (Wednesday, January 31,2018)
FLC Group (FLC - HOSE) has announced the consolidated financial report for the fourth quarter and the whole year 2017. With a series of products for sales, revenue of FLC increased sharply, reaching more than VND11.6 trillion, up 87 percent compared to 2016.
VNSTEEL – Always accompany development of Vietnam (Wednesday, January 31,2018)
Vietnam Steel Corporation - Joint Stock Company (VNSTEEL) was established in 1995 from the merger of Vietnam Steel Corporation under the Ministry of Industry and Metal Corporation under the Ministry of Supplies.
PV GAS to accompany with development of the country (Wednesday, January 31,2018)
PetroVietnam Gas Joint Stock Corporation (PV GAS) has been a typical example of devotion of the Vietnamese gas industry: Ensuring energy security, food security and socioeconomic development of the country.
Bac Kan Industrial Park Infrastructure Development Company: Continuous efforts to overcome difficulties (Wednesday, January 31,2018)
Over 10 years of development since its inception, Bac Kan Industrial Park Infrastructure Development Joint Stock Company has encountered numerous difficulties, mostly due to the inefficient operation of enterprises at Thanh Binh Industrial Park. Despite that, with the spirit of unity and continuous efforts, the company has always been ready to accomplish all tasks and meet the requirements of investors.
GoBear to open regional code unit in Vietnam (Wednesday, January 31,2018)
GoBear will commence operations of its new regional software development team, known as the GoBear Code Unit in Ho Chi Minh City, Vietnam on 1st February 2018.
PwC Vietnam sign MoU with Smart Train (Wednesday, January 31,2018)
PwC Vietnam and Smart Train have signed a memorandum of understanding (MoU) to take their partnership to the next level. The collaboration aims to create an environment for business interactions, information sharing, professional training, and knowledge exchange with PwC’s and Smart Train’s wide networks of business leaders and experts in finance, accounting, governance and management.
Vinalines announces mid-year IPO (Wednesday, January 31,2018)
Vietnam’s state-owned shipping giant Vinalines announced conducting its equitisation by staging its initial public offering (IPO) in mid-2018.
Japanese firms mull over expansion plans in VN (Wednesday, January 31,2018)
Viet Nam maintained its position as an important investment destination for Japanese companies, with some 70 per cent of operational Japanese-invested firms making plans for business expansion here.
Vinachem to accelerate apatite projects (Tuesday, January 30,2018)
The Viet Nam Chemical National Group (Vinachem) will focus on investment of apatite exploitation projects this year, said the group’s deputy general director Bui The Chuyen.
Some 3,000 firms in VN use e-invoice (Tuesday, January 30,2018)
The number of firms using e-invoice has increased significantly in recent years due to its convenience and cost effectiveness.
Digiworld looks to foray into FMCG sector (Tuesday, January 30,2018)
Digiworld Corporation has said it will make a foray into the fast-moving consumer goods (FMCG) and healthcare products markets this year.
PNJ strengthens position in jewelry market (Tuesday, January 30,2018)
After a successful 2017 with pre-tax profit rising by 54%, Phu Nhuan Jewelry Joint Stock Company (PNJ) will celebrate its 30th anniversary this year, further expanding the retail system and promoting e-commerce activities.
SaigonCo.op joint venture opens store (Monday, January 29,2018)
The joint venture between the country’s leading retailer Saigon Co.op and Singapore’s NTUC FairPrice has opened its third hypermarket in the country in Ho Chi Minh City’s District 10.