Companies

Vinhomes’ 2020 after-tax profit expected at $1.3 billion, up 27% from 2019

Vietnam’s largest real estate developer projects 2020 after-tax profit to grow 27% to $1.33 billion on $4.16 billion in revenue, up 88% from a year earlier, the company said.

AEON could invest $280 million in its third shopping mall in Hanoi

Retail giant Aeon is seeking the government's approval to build a parking area combining with shopping center at Giap Bat Bus Station in Hanoi’s Hoang Mai District.

Panasonic to move appliance production from Thailand to Vietnam

Panasonic will shut down a large appliance factory outside Bangkok as early as this fall and consolidate production to a larger facility in Vietnam for greater efficiency, Nikkei has learned.

EVNGENCO 2 to go public in December, valuation announced at $2bln

Power Generation Corporation 2, a subsidiary of Vietnam Electricity, which is set to undergo IPO in December, has corporation valuation at VND46.1 billion ($2 billion), State energy firm said in a statement.

Vingroup sets 2020 profit target at 4-year low to $214mln, 35% less than ...

Vietnam’s largest private conglomerate expects 2020 after-tax profit to reach VND5 trillion ($214.3 million), 35% less than achievement in 2019, according to the company’s documents prepared for annual shareholders’ meeting.

Vinhomes to raise $500 mln through bonds

Vinhomes, a subsidiary of Vietnam’s largest listed company Vingroup, plans to make a VND12 trillion ($519 million) bond issuance this year.

Suffering 1Q loss at $64.4mln on pandemic, Bamboo Airways to list shares in ...

Vietnam’s Bamboo Airways plans to list shares on stock exchange in the fourth quarter after scrapping a second-quarter listing because of the virus outbreak, chairman Trinh Van Quyet told Bloomberg News.

Ecoba construction firm sells 36% stake to Japanese property group ...

Listed real estate firm Haseko, which built 10% of apartments in Japan, has acquired 35% stake in Vietnam’s construction firm Ecoba, company said in a statement.

Tech startup Sapo raises millions dollar from South Korea’s Smilegate ...

Vietnam’s multi-channel sales and management platform Sapo Technology raised a Series A funding round led by South Korean investor Smilegate Investment, a senior executive of the company told Deal Street Asia.

Vietnam's Techcombank takes $500 mln syndicated loan from foreign ...

Vietnam Technological and Commercial Bank said on Thursday it has taken a $500 million syndicated loan from foreign lenders.

Bamboo Airways gets license to operate direct flights to Japan

Vietnam's private air carrier Bamboo Airways got permission from the Japanese Ministry of Land, Infrastructure, Transport and Tourism to operate a direct air route that links Vietnam and Japan.

Vietnam-based tech startup WeFit announces bankruptcy

Vietnamese startup Onaclover Technology JSC, which operates fitness and beauty platform WeFit announced bankruptcy on Monday, saying in a statement that it does not have ability to pay the debts.

Foreign owned e-commerce company Leflair files for bankruptcy

Vietnam-based e-commerce startup Leflair has filed for bankruptcy after closing its local business earlier this year, one of its co-founders told Deal Street Asia.

PetroVietnam's Jan.–April crude oil production reaches 7.2mln tons, beating ...

Vietnam Oil and Gas Group produced 7.2 million tons of oil equivalent in the first four months of 2020, exceeding target by 7.7%, despite challenges caused by pandemic and oil price war.

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Companies

Former German Vice Chancellor lands another Vietnam assignment

Ailing state-owned projects stuck in impasse with Chinese contractors

Vietnam’s pork shortage spikes Thai agro-industrial and food conglomerate’s incomes