Azelis, a leading distributor of specialty chemicals and food ingredients, has increased its market presence in Vietnam by purchasing a majority stakes in MKVN Chemicals and Viet Chemi Trading and Service.
Masan reported 2020 revenue at VND77,218 billion ($3.36 billion), up 107 percent from 2019, thanks to strong growth in branded consumer and meat businesses and the consolidation of newly acquired segments.
The subsidiary of Vietnam Electricity Group, plans to sell over 580.12 million shares, or 48.8875 percent of its charter capital, to investors and over 1.33 million shares, or 0.1125 percent, to employees.
LG Electronics reportedly wants to sell off its smartphone business to Vingroup, which has put forward the most attractive offer to acquire the smartphone business of the South Korea’s tech giant.
- Vingroup Said to Weigh $2 Billion U.S. IPO of Unit VinFast: Bloomberg 1
- SK Group spends $410 mln for 16.26% stake in Masan’s retail arm 2
- Central Retail to inject $1.1 bln into Vietnam in next 5 years 3
- SABECO invests in human capital to remain leading homegrown brewer 4
- Central Retail purchases solar power for its Vietnam malls 5
- Vietnam’s Richest Man Plans Electric Car Factory in the U.S. 6
Vietcombank (HoSE: VCB) has reported 2020 after-tax profit at VND18,446 billion ($802 million) vs VND18,510 billion ($806 million) achieved in 2019, according lender’s earning statement.
The Binh Son Refining and Petrochemical JSC, operator of Dung Quat Refinery, posted over VND1.25 trillion ($54 million) in after-tax profit in the fourth quarter of 2020, according to its financial report.
Ho Chi Minh City Securities Corp. reported 2020 after-tax profit at VND530 billion ($23 million), up 23 percent year-on-year, beating target by 17 percent, the company said in a statement.
Vietnam’s biggest coffee bean exporter Intimex Group plans to offer a 49% stake to foreign investors this year to expand its instant coffee factory, Chairman Do Ha Nam said.
VietJet Aviation plans to expand its investment in new aircraft and technical facilities this year after reporting a small profit in 2020 despite the coronavirus pandemic, its chief executive officer said.
Vietnam’s largest petroleum retailer Petrolimex (HoSE: PLX) sees VND1,268 billion ($55 million) in pre-tax profit in 2020, a reduction of nearly 76 percent from 2019, the company reported.
Anheuser-Busch InBev and SAB Beer announced their merger in Vietnam on January 12 following the approval of the Ministry of Industry and Trade, Vietnam News Agency reported.
Dr. Emin Turan, CEO of Sanofi Vietnam & Cambodia, who praises Vietnam for staying disciplined in the battle against coronavirus, said the firm will expand manufacturing in the thriving market.
Two more Vietnamese dairy producers have been granted with transaction codes for exporting products to China, said the Ministry of Industry and Trade’s Asia-Africa Market Department on January 11.
PetroVietnam Power Corporation has announced a divestment plan in several member units, including eight subsidiaries it want to sell entire stakes, according to a statement by the Board of Directors.
Vietnam National Oil & Gas Group produced 11.47 million tons of crude oil in 2020, exceeding the whole-year goal by 8% despite pandemic, CEO Le Manh Hung told Friday conference in Hanoi.
Vietcombank has targeted 2021 pre-tax profit at VND25,200 billion ($1.09 billion), up 12 percent from 2020, CEO Pham Quang Dung told a conference on business activities in 2021.