Companies

Automaker Thaco posts $6.5 bln total assets

Vietnamese conglomerate Thaco Group's total assets hit VND153.09 trillion ($6.53 billion) by the end of 2022, up 18% from 2021.

VinFast expands into Southeast Asian market

VinFast made a groundbreaking announcement, unveiling its expansion plans into the Southeast Asian market while maintaining its existing focus on North America and Europe.

Hong Kong firm becomes major shareholder in Vietnam wood major Truong Thanh

Hong Kong-based Excelsior Oak Limited bought 1.52 million TTF shares of Truong Thanh on May 12, raising its ownership ratio from 4.69% to 5.06%, equivalent to more than 20.8 million shares.

Samsung Vietnam CEO drives sustainable development

At the conference Stronger Investment Partnerships for a Thriving Vietnam organised by VIR on the morning of May 15, Samsung was noted as one of the nation's most successful foreign-invested enterprises

Consumer goods giant P&G seeks Binh Duong province's okay for expansion ...

Procter & Gamble's (P&G) has asked Binh Duong Industrial Zones Authority to issue an environmental impact assessment for its planned expansion project in the southern province.

Vingroup targets 2023 after-tax profit at VND2,000 bln, lower than ...

Vietnam’s largest private conglomerate targets VND2,000 billion post-tax profit from VND190,000 billion in 2023, an increase of 87%.

A 19-year-old investor spends VND157 bln to acquire 4.66% of Cienco4’s ...

University student Nguyen Thi Thao has become the holder of 15.7 million shares of Cienco4 Group JSC, formerly known as Construction Department under the Ministry of Transportation.

Taxi major Mai Linh reports first profit in 4 years

Mai Linh Corporation, a leading taxi operator in Vietnam, reported after-tax profit of VND1 billion ($42,600) in 2022, its first profit in four years, thanks to the strong post-pandemic recovery.

Foxconn acquires more land in Vietnam to add $100 mln

Foxconn will add another $100 million to Vietnam as the Taiwanese electronic giant pushes ahead with efforts to shift more production away from mainland China as part of global supply chain diversification.

Major pharma firms report mixed Q1 profit results

Hau Giang Pharmaceutical reported a record after-tax profit in the first quarter of this year, Vinapharm's figure increased by 148%, while Traphaco and OPC posted drops of 10% and 28%, respectively.

Singapore's UOB bets on Thailand, Vietnam in ASEAN growth surge

Major Singaporean lender United Overseas Bank is moving in on rivals in Southeast Asia as its buyout of Citigroup's business in key regional markets adds millions of clients, potentially millions in revenue.

Vinacomin exports 23,000 tons of coal to South Africa

The Vietnam National Coal - Mineral Industries Group (Vinacomin) has exported 23,000 tons of coal to South Africa.

Vietnam's Binh Son refinery to borrow $754 mln for expansion plan

Binh Son will take $754 million worth of loans for a project to expand its sole oil refinery and boost its annual crude oil processing capacity by more than 1 million tonnes.

Danang Ba Na Hills investment raised to $1.7 bln

The Ba Na-Suoi Mo tourist complex developed by leading Vietnamese developer Sun Group will see its total investment increase to VND39 trillion ($1.66 billion) from the initial VND8 trillion.

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Companies

Vietnam’s Bamboo Airways appoints new CEO in major exec. shakeup

$17mn shrimp processing plant commences operations in southern Vietnam

Vietnam now AEON’s leading investment destination