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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.

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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.

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Vingroup sets 2020 profit target at 4-year low to $214mln, 35% less than 2019

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.