Companies

Biggest casino in Vietnam’s Northern province reports losses

Reporting loses in several consecutive years, Royal Casino, the biggest casino in Vietnam’s Northern province of Quang Ninh has placed profit target that is much lower than it did for previous years.

HAGL Agrico to export bananas to Chinese market: Khmer Times

Hoang Anh Gia Lai Agrico on Saturday officially launched its packing house facility and began shipping fresh bananas to China in response to the rapidly rising demand in the market.

Vietnam’s OCB to sell 11% shares to Japan’s Aozora Bank

Orient Commercial Joint Stock Bank seeks shareholders’ approval to sell 11% shares, equivalent to 86.86 million shares, to Aozora Bank via private placement, it said in statement.

Vietnam Rubber Group gets approval to list 4 billion shares on main ...

Ho Chi Minh City Stock Exchange, Vietnam’s main bourse, has allowed Vietnam Rubber Group to list 4 billion shares, which is traded on unlisted market, according to exchange filing.

Hoa Sen targets 2020 after-tax profit at 17.2 million, up 11%

Vietnamese steel maker Hoa Sen Group targets a profit growth of 11% to $17.2 million from $1.2 billion revenue in fiscal year of 2020, according to information document for 2020 shareholders’ meeting.

Vietnam records five billionaires in 2019

As of December 2019, fortune of two richest billionaires in Vietnam, Pham Nhat Vuong and Nguyen Thi Phuong Thao increased by $1 billion and $400 million from previous Forbes rankings in March.

Masan Group to hold almost 84% stake at VinCommerce's parent company

Vietnamese conglomerate Masan Group will hold 83.74% total outstanding ordinary shares of VCM Services and Trading Development JSC in a merger deal announced recently, it said in a statement.

Vinpearl Air to take first flight in July 2020

Vietnamese conglomerate Vingroup is completing necessary procedures to help its newly-established carrier Vinpearl Air taking the first commercial flight in July 2020 with a fleet of six planes.

ThaiBev indirectly acquires Lam Dong Beer, holding 52.91% stake

Saigon Beer – Alcohol – Beverage Corporation, known as Sabeco, a subsidiary of ThaiBev, spent $3.69 million to raise holding stake at Lam Dong Beer to 52.91%, Thaibev has said by statement.

Masan Consumer plans to acquire 60% stakes at Net Detergent

Masan Consumer takes a strategic step to go beyond F&B by launching tender offer to acquire up to 60 percent shares of Net Detergent.

Sumitomo Life spends $173 mln for additional 5.91% stake at insurer Bao ...

Japan’s third largest life insurer has raised ownership at Vietnam’s leading insurer Bao Viet to 22.09% from 17.48%, company said by statement on its website.

MoMo serves as an exclusive e-wallet at Saigon Co.op retail system

MoMo e-wallet has been chosen as an exclusive electronic payment platform at over 800 supermarkets, shopping centers, and stores operated by Saigon Co.op nationwide.

Vingroup quits retailing to focus on tech, industrial sectors

Vingroup, Vietnam’s largest private firm by market value, has given up control of its retail unit as it wants to concentrate on the technological and industrial sectors.

Bahamas investor sells off stake in Vietnamese detergent company: ...

America LLC has sold its entire 9.33 percent stake in Vietnamese detergent powder producer NETCO.

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Companies

Prudential Vietnam inks exclusive bancassurance deal with SeABank: Business Times

Hoa Phat produces 2.77 million tons of construction steel in 2019, up 16.8%

Vietnam’s bank SHB to issue over 552 million shares