Companies

Masan share price forecast to rise almost 30% on projected stronger sales

Major securities firms have recommended a BUY for Masan while giving positive forecasts on the Vietnamese conglomerate 's business results.

PNJ Jewelry firm’s six-month profit rises 67.4% to $32 million

Vietnamese Jewelry maker has recorded VND736 billion ($32 million) after-tax profit, up 67.4% from a year earlier, according to the company’s statement.

Samsung among companies in HCMC ordered to suspend operations on COVID-19

HCMC asked Samsung Electronics HCMC CE Complex and other firms with factories in the Saigon Hi-Tech Park to suspend operations and set up on-site sleeping accommodations for workers amid the virus outbreak.

Vietnam's VinFast starts operations in North America and Europe

Vietnam's first domestic car manufacturer, Vinfast, said on Monday it has opened offices in North America and Europe, joining a crowded field of players seeking to woo customers with smart electric cars.

PetroVietnam’s 1H pretax profit triples to VND21.3 trillion on higher oil ...

State energy firm PetroVietnam reported VND21.3 trillion ($927 million) pretax profit in the first 6 months of 2021, three times higher than the same period of last year.

Masan share price to jump as VinCommerce starts to get profits, securities firms ...

Leading securities firms have raised Masan share price target with a buy recommendation when its retail arm VinCommerce starts to collect profits.

Vietnamese enterprises ready to tap offshore capital amid pandemic

Vietnam’s Nguyen Hoang Group, a world-class international education service provider, has recently signed its inaugural offshore term loan facility with Standard Chartered Bank.

Masan Group increases stake in The CrownX to 84.9%

Masan Group has raised holding stake in its subsidiary The CrownX to 84.9% from 80.2% from acquiring shares from minority shareholders, company said in a statement.

Vietjet Air to sell shares equivalent to as much as 15% chartered ...

Budget carrier Vietjet Air plans to sell over 81 million shares equivalent to as much as 15 percent stake in a private placement, according to shareholders’ meeting held on Tuesday.

Mobile World’s five-month net profit rises 26% despite pandemic

Mobile World Group (HoSE: MWG) reported Jan.-May net profit after tax at VND2,172 billion ($92 million) on VND51,830 billion ($2.24 billion) revenue, up 26% and 9% respectively.

Three banks pledge loans to help Vietnam Airlines avoid bankcruptcy

Vietnam Airlines, which is on the edge of bankruptcy, will get VND4 trillion ($173.7 million) in loans from three banks, according to a State Bank of Vietnam official on Monday.

Vietnam’s leading jewelry firm’s five-month after-tax profit jumps nearly ...

Despite COVID-19 pandemic hit the economy, Phu Nhuan Jewelry (HoSE: PNJ) has reported Jan-May post-tax profit at VND685 billion ($29.8 million), up 90.6% from a year ago, according to company statement.

TPBank to issue 100 mln shares through private placement

The State Bank of Vietnam has green-lighted lender TPBank’s proposal to issue 100 million shares to hike its charter capital by VND1 trillion ($43.4 million).

SeABank to raise foreign ownership limit, having foreign strategic ...

Southeast Asia Commercial Joint Stock Bank is seeking shareholders' approval to raise foreign ownership limit from current zero percent ratio, bank said in a statement posted on its website.

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Companies

Masan acquires 70% stake of a mobile network operator Mobicast

Masan subsidiary forms strategic partnership with De Heus Vietnam

BuyMed raises $9 mln Series A after posting 4X revenue growth in the past year