Companies

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.

Prudential Vietnam records $327 mln operating profit in 2022

Prudential plc earned a pre-tax operating profit of $327 million from its Vietnam operations in 2022, up 3.15% year-on-year, according to the multinational insurer's annual report.

Vietnam's coffee culture survives 10 years of Starbucks

Deep history, popularity of local brews make country hard for global brands to crack.

CP Group weighs feed and seed business IPO

Charoen Pokphand Group is exploring an initial public offering (IPO) of its seed and animal feed business on the Stock Exchange of Thailand that could raise as much as $1 billion.

Japan valve producer Kitx to fire up $18 mln Vietnam subsidiary

Japan's Kitz Corporation, a producer of valves and brass, has announced the establishment of a Vietnam subsidiary with registered capital of VND429.7 billion ($18.23 million).

Novaland Appoints new Chief Executive Officer

According to the newest announcement, Mr. Dennis Ng Teck Yow takes the role of Chief Executive Officer of Novaland, replacing Mr. Nguyen Ngoc Huyen.

UNIQLO to open in Binh Duong in spring/summer 2023

UNIQLO, the Japanese global apparel retailer, has announced its expansion in the southern province of Binh Duong, marking further growth for the brand's presence in Viet Nam.

VinFast delivers 782 electric cars in two months

VinFast Trading and Service Ltd Co, a subsidiary automaker of conglomerate Vingroup, reported on March 14 that it delivered 774 electric vehicles (EVs) to customers in the first two months of 2023.

Dung Quat refinery operator expects 89% profit drop in 2023

Binh Son Refining and Petrochemical JSC, operator of Vietnam's first oil refinery Dung Quat, aims for an after-tax profit of VND1,628 billion ($69 million) in 2023, down 89% year-on-year.

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Companies

Lazada Logistics Vietnam opens sorting center in Binh Duong

Be Group receives investment from GSM

Travel giant Saigontourist expects $146 mln gross profit in 2023