Companies

Masan spends $1bln to increase stake in new-established The CrownX

Vietnamese private conglomerate Masan Group has passed a Board of Directors resolution to acquire an additional 15% stake in The CrownX for $1 billion, according to information on Tuesday shareholders’ meeting.

Manulife is leading bidder for Aviva Vietnam insurer unit

Manulife Financial Corp. is emerging as the leading bidder for Aviva Plc’s Vietnamese unit as it eyes further expansion in southeast Asia, according to people familiar with the matter.

Vietnam’s dairy giant Vinamilk reports 3% profit growth in 1H

Vietnam’s largest dairy producer reported 3 percent after-tax profit growth during the first half of this year while revenue grew 7%, CEO Mai Kieu Lien told shareholders on Friday.

AEON Group to build a 5-hectare mall in Can Tho, its first outlet in Mekong ...

Japanese retail giant AEON is considering five potential locations in Can Tho city to build its first mall in Mekong Delta, VietnamFinance cited information from local government.

Budget carrier Vietjet sees 2020 profit to drop nearly 100% to $4.3mln on ...

Vietjet Air targets 2020 a pretax profit of VND100 billion ($4.3 million), down nearly 100 percent from 2019 due to impacts from coronavirus, the company said in documents prepared for shareholders’ meeting.

Foxconn says Vietnam is biggest manufacturing hub in Southeast Asia

Key Apple supplier, Taiwan’s Foxconn, has said for the first time that Vietnam is its largest manufacturing hub in Southeast Asia.

Hoa Phat projects 2020 after-tax profit to grow 19% to $387.5mln amid ...

Vietnam’s steel maker Hoa Phat Group targets VND9 trillion ($387.5 million) after-tax profit in 2020, up 19% from 2019 despite impacts from COVID-19 pandemic.

Vietnam Airport Corp. sees 2020 profit to drop 80% to $86.5mln on ...

State-owned Airport Corporation of Vietnam projected 2020 pretax profit to fall 80% from 2019 to VND2,007 billion due to severe impacts from COVID-19 pandemic, according to documents prepared for shareholders’ meeting.

Covid-19 pandemic encourages foreign firms to speed up purchasing stakes in Vietnamese ...

Several M&A deals have been completed although the global economy is stumbling because of the Covid-19 pandemic. Of which, some Vietnamese brand names have fallen into the hands of large foreign corporations.

HSC targets 2020 after-tax profit at $19.5mln, up 5% from 2019

Ho Chi Minh City Securities Corp. targeted 2020 after-tax profit to increase 5% to VND453 billion ($19.5 million) from VND1,297 billion ($56 million) revenue, up 3%, company’s leaders told shareholders on Tuesday.

TTI to build an R&D center that employs 2,000 people, expand investment in ...

Techtronic Industries plans to build the Vietnam’s biggest R&D center employing 2,000 engineers in Ho Chi Minh City Saigon High-tech Park.

Japan’s MUFG to acquire 49% stake in VietinBank Leasing

Mitsubishi UFJ Lease & Finance plan to invest in Vietinbank Leasing by acquiring a 49% stake in the Vietnamese company, the Japanese firm said in a statement.

State energy firm subsidiary Petrosetco to distribute Apple products

Petrosetco, a unit of PetroVietnam, has become an authorized distributor for all of Apple products in Vietnam market.

Samsung Vietnam launches large-scale recruitment drive in Hanoi

Samsung Vietnam organized a large-scale recruitment drive in Hanoi on Saturday to prepare high-quality human resources for its production and export plans in the coming time.

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Companies

Foxconn plans $325mln affordable housing project for workers in Vietnam

Vinamilk’s subsidiary to remove foreign ownership limit, list shares on exchange

Japan’s fashion brand MUJI to open first store in Vietnam