Companies

Vietnam's VinFast debuts budget EV as Chinese rivals jump in

VinFast has debuted its cheapest electric car yet, a $23,000 model for sale in Vietnam, a market where Chinese rivals are streaming in even as motorbikes continue to rule the roads.

Three foreign groups plan to pour 3.7 billion USD into Vietnam

Three foreign groups unveiled their plans to pour 3.7 billion USD into Vietnam at the Prime Minister’s meeting with foreign investors in Hanoi on April 22.

Taiwan electronics firms eye further investments in Vietnam

A delegation of the Taiwan Electrical and Electronic Manufacturers’ Association has visited cities and provinces in northern Vietnam to discuss further cooperation as part of the global trend of supply chain diversification.

Vietnam battery, EV maker nets $3 mln from ADB Ventures, others

Selex, a Vietnamese maker of electric two-wheelers and battery packs, has raised $3 million in a convertible note round from the Asian Development Bank’s venture capital arm ADB Ventures and other investors.

'Pangasius queen' Vinh Hoan's Q1 profit down 59% to $9.6 mln

Vinh Hoan Corporation, Vietnam's leading pangasius fish exporter, reported an after-tax profit of VND225.7 billion ($9.6 million) in the first quarter of 2023, down 59% year-on-year.

Ho Chi Minh City Securities reports Q1 profit at VND154 billion, down ...

Ho Chi Minh City Securities Corporation (HSC, HOSE: HCM) recorded Q1 profit before tax of VND 154 billion, down 56% from a year earlier.

Masan High-Tech Materials targets 2023 revenue to rise 6 – 17%

Masan High-Tech Materials, an arm of Vietnamese conglomerate Masan Group, expects 2023 net revenue of VND16.5 trillion ($703 million) to VND18.2 trillion, after achieving record revenue in 2022.

Major Mekong Delta fuel supplier about to open storage facility

NSH Petro JSC is set to inaugurate the first phase of its Soai Rap-Hiep Phuoc fuel storage depot in Tien Giang province on April 30.

Vincom Retail targets $199 mln profit in 2023

Vietnam's top shopping mall operator Vincom Retail is targeting net revenue of VND10.35 trillion ($440.13 million) in 2023, up 41% year-on-year, and post-tax profit of VND4.68 trillion ($199 million), up 69%.

"Speed generates success," says Vu Tien Thap, CEO of D'FURNI

The "disassembled furniture" business model enables D'FUNRI to gradually overcome obstacles and quickly achieve success in the market.

VPBank receives 10% deposit from Japan’s SMBC

VPBank has received a 10% deposit from Sumitomo Mitsui Banking Corp. (SMBC) in a deal to sell its 15% stake to the Japanese major bank, said VPBank chairman Ngo Chi Dung.

Nike, Adidas shoes maker Pou Chen to invest nearly $281 million in ...

A subsidiary of the world's largest maker of branded sports footwear Pou Chen will invest 23.02 billion rupees ($280.86 million) to set up a manufacturing facility in Tamil Nadu (India).

VinFast ships 2nd batch of longer-range electric SUVs to North ...

Vietnam's electric vehicle maker VinFast said it had shipped a second batch of 1,879 longer-range VF 8 sport utility vehicles (SUVs), as it seeks to expand its foothold in overseas markets.

Thai giant Central Retail to further invest in central Vietnam

Thailand’s largest retailer, Central Retail, eyes to invest in a Mini GO! supermarket chain in Thua Thien-Hue province, according to Central Retail Vietnam CEO Olivier Langlet.

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Companies

Food seasoning firm Vedan records 2022 sales of $195 mln in Vietnam

SSI Securities targets 2023 consolidated pre-tax profit at VND 2,540 billion

Vietnam's Masan to delay The CrownX IPO, issue up to $500 mln international bonds