Companies

Deutsche Bank posts 2022 profit of $23 mln in Vietnam

Deutsche Bank recorded a pre-tax profit of 21 million euros on a net revenue of 34 million euros from its Vietnam operations in 2022, according to the bank’s annual report.

Japan's SMFG to invest $1.5bn in Vietnam's VP Bank in Asia push

Japanese financial group bets on growing market to compete with rivals at home.

FLC wants restrictions on trading its shares lifted

Property developer FLC wants the restrictions on trading its shares lifted as soon as possible even as it strives to overcome management and financial challenges.

VinFast rolls out long-awaited electric SUVs, eyes overseas ...

Vietnamese carmaker VinFast said on Thursday it will begin delivering its new electric sport utility vehicles (SUVs) to local customers this week and targets overseas deliveries in the coming months.

20 largest investors hold 80% of Vinamilk's charter capital

Vietnam’s largest dairy manufacturer Vinamilk reported charter capital of nearly VND20.9 trillion ($886.16 million) at the end of 2022, with 80% owned by 20 investors.

Lazada Logistics Vietnam opens sorting center in Binh Duong

Latest sorting center seen as an important step forward in Vietnam’s e-commerce logistics industry.

Be Group receives investment from GSM

Be Group and Vingroup’s Green and Smart Mobility Joint Stock Company (GSM) have signed an investment cooperation agreement to bring electric vehicles and electric motorbikes into operation in transport services in Vietnam.

Travel giant Saigontourist expects $146 mln gross profit in 2023

Saigontourist Group, Vietnam's leading travel company, is targeting a gross profit of VND3.43 trillion ($145.69 million), up 22.5% year-on-year.

Hung Thinh Land secures extended bond payment terms

Real estate developer Hung Thinh Land, which is facing cash flow challenges, has reached deals with its bondholders to extend payment terms.

Airbus committed to expanding supply chain in VN

Leading aerospace company Airbus is reinforcing its commitment to expanding its supply chain in Viet Nam as part of the company's ongoing effort to optimise operations and better serve its customers.

Eximbank forecasts $212 mln profit in 2023

Eximbank is aiming for a pre-tax profit of VND5 trillion ($212 million) in 2023, up 35% year-on-year, according to a document to be released at its 2023 annual shareholders meeting.

CapitaLand Ascott’s gross profit in Vietnam up 31% to $10 mln in 2022

CapitaLand Ascott Trust, the management agency of five Somerset hotels in Vietnam, posted a revenue of S$27.6 ($20.63 million) from its Vietnam operation in 2022, up 33% year-on-year.

Vietnam's Be Group in deal to become country's first ride-hailing firm to use ...

Vietnam's Be Group said on Tuesday it has signed an agreement with an electric vehicle leasing service that will make it the first ride-hailing firm in the country to use EVs.

Multi-sector firm REE targets profit of $114 mln in 2023

Vietnam's leading multi-sector corporation REE is targeting revenue of VND10.96 trillion ($464.79 million) in 2023, and after-tax profit of VND2.7 trillion ($114.48 million), up 17% and 0.3% year-on-year, respectively.

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Companies

Vietnam's Vincom Retail in stake sale talks with strategic investors - sources

Masan Group draws down first tranche of its $650 mln syndicated loan

Japanese retailer Muji to expand in Vietnam, targeting affluent