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.
Two Vietnam’s undisclosed banks will be allowed to sell up to 49% stakes to investors from the EU under commitments in the EU-Vietnam Free Trade Agreement.
Local startups Unicar and ZuumViet are preparing to launch ride-hailing apps alongside delivery and other logistics.
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.
- Two Vietnamese banks to be allowed selling up to 49% stakes to EU investors 1
- Two new ride-hailing apps Unicar and ZuumViet prepare launch in Vietnam 2
- Vietnam Airlines to lease out several aircraft amid coronavirus outbreaks 3
- Vietnam Airlines revenue slips $10.8 million a week amid virus fears 4
- Yeah1 Group chairman registers to sell over 16% stake to strategic investor 5
- Hoa Phat plans to add $2.5 billion for Dung Quat steel complex expansion 6
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.
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.
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.
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.
VNG Corporation, one of Vietnam’s largest technology companies, reported $24 million after-tax profit from $242.5 million revenue in 2019.
Vietravel reported a VND14.1 billion ($606,000) loss in the last quarter of 2019 largely due to rising financial costs.
Amid coronavirus fear, investors sold out aviation shares in Vietnam’s stock market and asset of Vietnamese Billionaire Nguyen Thi Phuong Thao fell significantly.
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.
Vinamilk has reported its 2019 profit at nearly $448 million on $2.38 billion revenue, up 7% from a year earlier.
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 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.
After-tax profit and minority interest of Masan Group jumped by 13% to VND5,558 billion ($240 million) for 2019, higher than VND4.916 billion ($212 million) in 2018, company said in a statement.