Companies

Two new ride-hailing apps Unicar and ZuumViet prepare launch in Vietnam

Local startups Unicar and ZuumViet are preparing to launch ride-hailing apps alongside delivery and other logistics.

Vietnam Airlines to lease out several aircraft amid coronavirus outbreaks

Vietnam Airlines is planning to lease out several narrow and wide body aircraft for a period of 06 months with tentative leasing time starting April of 2020, company said in a statement.

Vietnam Airlines revenue slips $10.8 million a week amid virus fears

Vietnam Airlines said on Thursday it was losing up to VND250 billion ($10.8 million) per week in revenue due to travel curbs resulting from the coronavirus.

Yeah1 Group chairman registers to sell over 16% stake to strategic ...

Chairman of Vietnamese digital media giant Yeah1 Group - Nguyen Anh Nhuong Tong plans to sell over 5 million shares, or over 16% stake to strategic investor, company said in a statement.

Hoa Phat plans to add $2.5 billion for Dung Quat steel complex ...

Vietnam’s leading steel maker’s board of directors has decided to inject additional $2.5 billion to expand its Dung Quat steel complex, it said in a statement.

Nam Long Group’s 2019 net profit hits record high at $40.5 million

Vietnamese real estate developer Nam Long Group has reported $40.5 million net profit in 2019, an all-time high since establishment though revenue dropped 27% to $107.5 million.

Hoa Phat’s construction steel export rises over 11% in 2019

Vietnamese steel maker Hoa Phat Group exported over 265,000 tonnes of construction steel in 2019, up 11.3% against 2019, conglomerate said in a statement.

Vietnamese unicorn VNG reports $24 million profit in 2019

VNG Corporation, one of Vietnam’s largest technology companies, reported $24 million after-tax profit from $242.5 million revenue in 2019.

Leading tour operator reports losses in final quarter of 2019

Vietravel reported a VND14.1 billion ($606,000) loss in the last quarter of 2019 largely due to rising financial costs.

Mekong Capital-backed Pharmacity raises $31.8m in Series C round

Mekong Capital-backed Pharmacity Pharmacy JSC, which owns the largest pharmacy network in Vietnam, has raised VND735 billion ($31.8 million) in a Series C funding round, according to a statement.

In just three days, coronavirus costs Southeast Asia’s richest woman ...

Amid coronavirus fear, investors sold out aviation shares in Vietnam’s stock market and asset of Vietnamese Billionaire Nguyen Thi Phuong Thao fell significantly.

Vinamilk reports 2019 after-tax profit of nearly $448 million, completing yearly ...

Vinamilk has reported its 2019 profit at nearly $448 million on $2.38 billion revenue, up 7% from a year earlier.

Virus risk forces top Vietnam rubber producer to seek new buyers: ...

Vietnam’s top rubber producer is actively pursuing buyers outside of China on fears that the coronavirus will erode demand from its biggest customer, according to a person familiar with the matter.

Ho Chi Minh City Securities Corp. reports 77% profit growth in 2019’s ...

Ho Chi Minh City Securities Corporation (HoSE: HCM), reported VND127 billion ($5.4 million) after-tax profit in fourth quarter last year, a growth of 76.5% against the same period of 2018.

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Companies

Sabeco’s parent company says overseas beer sales drop due to Vietnam market slowdown

Bamboo Air Plans $5 Billion Order of Boeing’s Giant New Jets: Bloomberg

Two Vietnamese banks to be allowed selling up to 49% stakes to EU investors