Companies

Mobile World expects $209.5 million profit in 2020, up 34%

Mobile World Investment Corporation (HoSE: MWG) plans 2020 after-tax profit at VND4.83 trillion ($209.5m).

'Golden Goose' Sabeco seen as Thaibev’s savior for Singapore IPO

Thai Billionaire Charoen Sirivadhanabhakdi is under pressure to increase sales in Vietnam market when he plans Singapore initial public offering for Thai Beverage’s beer sector.

Becamex estimates 2019 after-tax profit at $73.4 million

Vietnamese Industrial park developer reports 2019 after-tax profit for parent company at about VND1,703 billion ($73.4 million) on $250 million revenue.

Vietnam’s richest man bets $2 billion to sell cars to Americans: ...

The billionaire behind six-month-old Vietnamese auto startup VinFast plans a feat even Toyota Motor Corp. and Hyundai Motor Co. couldn’t pull off during their early days: sell a car in the U.S.

Vietnam's new private air carrier KiteAir plans to takeoff in June 2020: ...

KiteAir, an airline established by hospitality group Thien Minh, hopes to launch its first flight next June after getting the Prime Minister’s nod.

Dalat Hasfarm said to have raised $70m from Lombard Investments: ...

International private equity firm Lombard Investments said to have invested $70 million in Vietnamese floriculture company Dalat Hasfarm in lieu of a majority stake.

FMO mulls $40m trade finance facility for Vietnam-based HDBank: ...

December 4, 2019 Dutch development bank FMO is considering proposals to commit a total of $40 million in trade financing for Vietnamese commercial lender HDBank.

Bamboo Airways to receive first Dreamliner in December

Receiving first Boeing 787-9 Dreamliner this month, Bamboo Airways will become the first private carrier in Vietnam to operate wide-body aircraft.

What Vingroup and Masan hope to acquire from their retail merger: ...

Vingroup wants to focus energies on its core sectors, technology and production; the Vinmart network fits right into Masan’s consumer retail expansion plans.

Vingroup and Masan to merge units to create a consumer retail giant

Vietnamese conglomerates Vingroup and Masan Group agreed principles on swapping shares of VinCommerce, VinEco, and Masan Consumer to form a retail giant, Vingroup said by emailed statement.

Vietjet Air opens Ho Chi Minh City - Pattaya route

VietJet Air has officially launched a direct route linking Ho Chi Minh City and Pattaya of Thai Land from December 23 with one flight a day.

Vingroup removes VienthongA brand and names Vinpro

VienthongA retail chain acquired by Vingroup in 2018 to enhance sale of electronic products and home-made technologies is believed to have it brand changed to Vinpro.

Steelmaker Hoa Phat’s November sales hit record at 300.000 tons

Vietnamese steelmaker set new record in sales after the group sold 300,000 tons of construction steel in November, the highest in nearly 20 years.

Vingroup sole private company in Vietnam’s 10 largest: VnExpress

Vingroup remains the only private company among the list of 10 largest by revenue in Vietnam in 2019.

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Companies

Bahamas investor sells off stake in Vietnamese detergent company: VnExpress

Vietcombank to spend nearly $130 million for 2018 dividends

Singapore’s Nexif Energy acquires 49MW Song Giang Hydropower