The Sherpa, a subsidiary of Masan Group has acquired 20% stake in Phuc Long Heritage, operator of one of the leading tea and coffee chain in Vietnam, Masan said in a statement.
The State Bank of Vietnam has green-lighted lender TPBank’s proposal to issue 100 million shares to hike its charter capital by VND1 trillion ($43.4 million).
Southeast Asia Commercial Joint Stock Bank is seeking shareholders' approval to raise foreign ownership limit from current zero percent ratio, bank said in a statement posted on its website.
GE Renewable Energy signed contract with BIM Wind JSC, a joint venture company between Philippines AC Energy and Vietnam BIM Energy Holding for an 88 MW wind farm.
- Entering into telecommunications and digital services play, what competitive edge does Masan offer? 1
- Masan acquires 70% stake of a mobile network operator Mobicast 2
- Masan subsidiary forms strategic partnership with De Heus Vietnam 3
- BuyMed raises $9 mln Series A after posting 4X revenue growth in the past year 4
- Masan share price forecast to rise almost 30% on projected stronger sales 5
- PNJ Jewelry firm’s six-month profit rises 67.4% to $32 million 6
Vietnamese steel maker Hoa Phat Group on Monday announced that it has acquired the Roper Valley iron ore mine project in Australia.
Thuan Binh Wind Power JSC, a subsidiary of Refrigeration Electrical Engineering Corporation, known as REE, has received $57 million financing package from IFC, a member of the World Bank Group, statement said.
Electronics retail chain Mobile World has begun to sell bicycles at two of its Dien May Xanh outlets in Thu Duc City, HCMC.
Vietnam’s leading jewelry retailer reported Jan.-April net income at VND598 billion ($26 million), representing 48.6 percent of the 2021 whole-year goal, according to the company’s statement.
A consortium formed by Alibaba Group and Baring Private Equity Asia agreed to inject $400 million into The CrownX, an integrated consumer retail arm of Masan Group, according to a statement.
Hitachi SE, an arm of Hitachi Group, has expanded renewable energy business in Vietnam by signing a strategic cooperation agreement with Trung Nam Wind Power JSC, a unit of Trung Nam Group.
Vietnam’s largest private conglomerate, Vingroup, has set a revenue target of VND170 trillion ($7.3 billion) for 2021, up 54 percent year-on-year.
Vietnamese private conglomerate Masan Group is weighing options to raise $1 billion for its animal feed unit that could include selling stake to a strategic partner.
C.T Group organsied an event to promote cooperation between university, human resource developer and investor in human.
The Vietnam Travel and Marketing Transport JSC (Vietravel) plans to equitise its Vietnam Travel Airlines Co. Ltd. (Vietravel Airlines), to boost the subsidiary’s development as the first travel airline in Vietnam.
Vietnam Oil & Gas Group, known as PetroVietnam, reported VND15,400 billion ($669 million) pre-tax profit in the first four months of this year.
Phu Nhuan Jewelery, the largest jewelry retailer in Vietnam, reported 1Q after-tax profit at VND513 billion ($22.2 million), up 26% from a year earlier, according to the company’s consolidated earning report.