Companies

Oil price war, virus may cost Vietnam’s State energy firm $2.3bln in revenue

Huge oil demand destruction on coronavirus and the on-going oil price war are expected to wipe $2.3 billion off Vietnam Oil & Gas Group when the price cling to the $30 mark.

Vietnam’s national flag carrier suspends all int’l flights under virus pressure

The national flag carrier Vietnam Airlines has announced to suspend operations of all international routes in the airline's flight network until April 30, the company said in a statement on its website.

Vietcombank plans to issue unsecured bonds worth $252 million

Vietcombank has announced to issue 60 million 5-year unsecured bonds to raise VND 6,000 billion ($252 million) to meet demands for loans in medium and long-term projects and improve its financial capacity.

Vietnam’s richest man Pham Nhat Vuong off top 300 billionaires list

Pham Nhat Vuong is out of Forbes’ list of 300 richest people in the world as share values plummet amidst the coronavirus epidemic.

Binh Son Refinery to list shares on main exchange

Binh Son Refinery and Petrochemical JSC plans to seek shareholders’ approval to move shares to main exchange from the current unlisted market - UPCoM.

Samsung Display asks Vietnam not to quarantine 700 engineers from virus-hit South ...

Samsung Display has asked Vietnam to exempt 700 engineers from coronavirus-hit South Korea from a mandatory quarantine, saying they need to prepare for the production of screens for new smartphones.

Masan raises $129.5mln from first stage non-convertible bond sales

Vietnamese conglomerate Masan has raised VND3 trillion ($129.5 million) from issuing 30 million bonds on Monday, company said in a statement.

Foreign owned e-commerce company owes $2 mln to suppliers

Hundreds of suppliers of e-commerce website Leflair are accusing the company of not paying them after shutting down operations.

Bamboo Airways to open direct air route to Germany’s Munich

Bamboo Airways has signed a memorandum with Munich Airport for opening a direct air route to the Germany’s city, a move of the Vietnamese private air carrier to tap the European market.

Japan’s AEON Group prepares $2 billion for Vietnam business expansion

Leading Japanese retailer AEON has prepared $2 billion to expand its business in Vietnam, raising the total to 25, AEON MALL Vietnam’s CEO Iwamura Yasutsugu told PM Nguyen Xuan Phuc on weekend.

Vietnam’s THACO to manufacture “Made in Vietnam” motorbikes

Truong Hai Auto Corporation, known as THACO, one of the leading car manufacturers in Vietnam, plans to manufacture motorbikes by founding a motorcycle manufacturing company.

Korea Investment Management raises ownership in Military Bank to 1.3%

KIM Vietnam Growth Equity Fund, a member of Korea Investment Management, has raised holding at Military Bank to more than 1.3% after purchasing nearly 24 million shares.

Central Retail spends over $111mln for full ownership at Nguyen Kim

Central Retail, an arm of Thai giant Central Group raised ownership at electronic retailer Nguyen Kim to 100% from 49% for over $111 million through an indirect subsidiary.

Military Bank to sell 211 million shares via private placement

Military Commercial Joint Stock Bank (HoSE: MBB) plans to sell 211 million shares via private placement for local and foreign investors.

50 51 52 53 54

Companies

Mobile World temporarily closes a number of stores under virus pressure

Vietnam’s richest man makes smart decision to scrap his Vinpearl Air project

Ford confirms temporary factory shutdown in Vietnam on virus pressure