Companies

Vingroup plans Thai bonds as funding options narrow: Nikkei Asian Review

Vingroup plans to issue this year its first baht-denominated bonds, as the sprawling conglomerate seeks to expand its loss-making cars business and has all but exhausted its funding options at home.

Bamboo Airways gains December domestic market share to 12.3%

Domestic market share of Vietnamese private air carrier Bamboo Airways jumped to 12.3% in the final month of 2019, according to latest data from Civil Aviation Authority of Vietnam.

Vietnam's largest mobile carrier to launch commercial 5G services in June: Reuters

Vietnam’s largest telecommunication company, Viettel, will launch commercial 5G mobile services from June this year, the company said on Friday.

Vingroup scraps Vinpearl Air plan, withdrawing from aviation sector

Shortly after exiting retail sector, Vietnamese conglomerate Vingroup announced the withdrawal from aviation market by scrapping Vinpearl Air project while keeping its pilot training school.

VPBank gets $212.5 million loan from IFC for climate-friendly ...

Vietnam Prosperity Joint Stock Commercial Bank (HoSE: VPB) has received $212.5 million package from IFC, a member of the World Bank Group, to boost climate-friendly projects.

Grab appoints former Unilever executive for Vietnam operations: ...

Grab announced the appointment of Nguyen Thai Hai Van as managing director in Vietnam. She will take the lead in one of the most important markets for the company.

Vietnam’s traditional lottery firm reports profit despite computerized ...

Ho Chi Minh City Lottery Company reported 2019 pretax profit at over VND1.3 trillion ($55.5 million), beating whole-year goal by almost 24%, company’s leaders told recent year-end conference.

Masan to hold 70% stake at retail giant merged with Vingroup’s retail ...

Vietnamese conglomerate Masan Group was scheduled to hold 70% stake at the retail giant which was merged between VinCommerce, VinEco and Masan Consumer Holdings.

Vietnam’s biggest bank reports 2019 profit of nearly $461 million

Bank for Investment and Development of Vietnam (BIDV) reported a record growth in pretax profit for 2019 at nearly $461 million, up from $320 million it got in a year earlier.

Bamboo Airways reports $13 million profit after one year of operation

Vietnamese carrier Bamboo Airways reported $13 million pretax profit in 2019, its first year of operation, according to a posting on the company’s website, citing Bloomberg.

Japan's Aozora Bank to buy 15% stake into Vietnamese lender OCB: Nikkei Asian ...

Aozora Bank will take a 15% stake in a Vietnamese bank as early as April, marking its first overseas deal since changing to its current incarnation in 2001.

Swine fever pushes meat producer Dabaco to record quarterly profits

Vietnamese animal feed and meat producer Dabaco has reported fourth quarter after-tax profit at VND258 billion ($11 million), more than double from a year ago, company said in a statement.

State construction firm Song Da mired in debts: VnExpress

State-owned Song Da Corp Jsc, builder of hydropower plants and tunnels, is struggling with accumulated debts of VND11.13 trillion ($479.8 million).

Prudential Vietnam inks exclusive bancassurance deal with SeABank: Business ...

PRUDENTIAL Vietnam Assurance, a subsidiary of mainboard-listed Prudential plc, will offer its life insurance products to Southeast Asia Commercial Joint Stock Bank's (SeABank) customers.

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Companies

Vietnam oil refinery bags $117.6 million profit from $4.4 billion revenue in 2019

Vietnam's Techcombank 2019 profit up 20% to $435 million

Vietnam’s Coteccons reports 2019 profit decline at almost 53%