Companies

Masan’s 2020 revenue target more than double from 2019’s achievement

Masan Group targets 2020’s net revenue to increase as much as VND85 trillion ($3.66 billion) from VND37.4 trillion ($1.6 billion) recorded in 2019, the company said in documents prepared for shareholders’ meeting.

Vietnamese conglomerate Masan Group names Danny Le as new CEO

The board of Director of Masan Group (Hose: MSN) has appointed Mr. Danny Le to be the CEO of the group for the new term of 2020 – 2025, statement said.

Sabeco to retain 2020 dividend at 35%, profit projected to drop 39%

Vietnam’s largest brewer Sabeco plans 2020 dividend at 35%, the same rate of 2019, while seeing after-tax profit to fall 39%, according to documents prepared for shareholders’ meeting on June 30.

Samsung to shift most of its computer LCD production chains to ...

Vietnam will be the world’s biggest Samsung’s computer LCD maker since the tech giant moves most of its production chains of this product to Vietnam, Tuoi Tre cited information from the firm.

Petrolimex targets 2020 pretax profit to fall 72% on global ...

Vietnam National Petroleum Group, known as Petrolimex (HoSE: PLX), sees 2020 pretax profit at VND1,570 billion ($67.5 million), down 72% from 2019 due to coronavirus, trade war, oil price war.

KKR looks to triple Vietnam investments after Vinhomes deal

KKR & Co., which has injected $1 billion into Vietnam, expects to triple investments in the next decade to capture rising demand from the Southeast Asian nation’s growing middle class.

Industrial park developer Becamex targets 2020 profit at $40mln, down ...

Vietnam’s industrial park developer target 2020 after-tax profit to fall 65% from a year earlier to VND931 billion ($40 million), company said in documents prepared for shareholders’ meeting.

PV Power to invest and build Nhon Trach 3 and Nhon Trach 4 thermal power ...

Vietnam's second-largest electricity producer PV Power officially approval of investment for Nhon Trach 3 and Nhon Trach 4 thermal power plants, with a combined capacity of between 1,300 to 1,760MW.

Vietcombank to issue 241mln shares via private placement to raise ...

Vietcombank is seeking approval to issue over 241 million shares, or 6.5% of charter capital to investors to raise capital, according to lender’s documents prepared for annual shareholders’ meeting.

Vietnam’s cinema operator Beta Media gets $8mln investment from Daiwa PI ...

Vietnamese cinema operator Beta Media has achieved an enterprise valuation of VND1 trillion ($43 million) after getting $8 million funding from the Japanese investment fund Daiwa PI Partners.

Masan’s beverage unit plans to have full ownership in Vinacafe

Vietnamese conglomerate Masan group’s beverage unit has registered to buy the remaining 1.51 percent stake or 401,000 shares in Vinacafe Bien Hoa JSC to raise its ownership to 100 percent.

Vietnam Airlines to buy Australian investor's stake in Jetstar ...

Vietnam Airlines will buy Qantas’s stake in Jetstar Pacific, change its name and restructure the budget carrier to make it more profitable.

HDBank plans to let its consumer finance arm HD Saison going public

Ho Chi Minh City lender HDBank plans to convert its consumer finance arm HD Saison into a joint stock company and proceed an IPO, lender’s vice chairwoman Nguyen Thi Phuong Thao said.

Vietnam's largest dairy producer Vinamilk to set up coffee chain

Dairy giant Vinamilk, which set up a Hi-Café outlet in Ho Chi Minh City last year, plans to expand it into a chain.

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Companies

Samsung Vietnam launches large-scale recruitment drive in Hanoi

Coteccons’ Board to get two more foreign members, after two Vietnamese resign

Techcombank sees 2020 pre-tax profit to slightly increase to over $559mln