Wednesday, May 23,2018 - 2:31 GMT+7  Việt Nam EngLish 

  Lotte Vietnam Shopping rejects report on losses (Tuesday, May 22,2018)

The Lotte Vietnam Shopping Joint Stock Company has written to the Ministry of Information and Communications, the Ministry of Industry and Trade, the Ministry of Finance and media outlets rejecting news that it has racked up losses of VND2,300 billion, or over US$100 million, in 11 years, Nguoi Lao Dong Online reports.

  Korean firms expand investments in Vietnam (Tuesday, May 22,2018)

The Republic of Korea (RoK) poured US$2.32 billion in Vietnam in the first four months of 2018, making up nearly 30% of the inflow of investment in the Southeast Asian country.

  Delta Group - The way to a leading position (Tuesday, May 22,2018)

According to the VNR500 launched by the Vietnam Report in coordination with the Vietnamnet online newspaper, Delta Construction Group is one of the largest private enterprises in Vietnam, and ranked fourth among the top 500 construction businesses in the country in 2017. Delta has turned its nonstop strenuous efforts into this great success on the occasion of its 25th foundation anniversary.

  Hoa Sen puts up steel construction pipe plant in Yen Bai (Monday, May 21,2018)

Steel maker Hoa Sen Group on Friday inaugurated a plant that can produce 60,000 tonnes of steel construction pipes annually in the northern province of Yen Bai.

  Vietnam Airlines to build logistic hub in Can Tho (Monday, May 21,2018)

The Vietnam Airlines Corporation plans to build a logistics centre in the southern city of Can Tho this year, said Deputy General Director Trinh Hong Quang at a meeting with local leaders on Friday.

  AEON Vietnam proposes to build a shopping mall in Can Tho (Monday, May 21,2018)

AEON Vietnam Co, an affiliate of AEON Japan, plans to develop a shopping mall in the Cuu Long (Mekong) Delta city of Can Tho to meet the demands of local people and those from other neighbouring localities, the Vietnam News Agency reports.

  Vietnamese businesses reap fruits in foreign markets (Sunday, May 20,2018)

Vietnamese firms have had a lot of success while investing in foreign markets.

  SOE equitisation in need of faster pace and better quality (Sunday, May 20,2018)

The equitisation of state-owned enterprises (SOE) requires appropriate measures and prudent implementation in order to meet the set requirements and remain on schedule.

  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.

  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.

  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.

  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.

  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.

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