Companies

Masan’s retail arm expects 2023 revenue at VND36 – 40.5 trillion, up 23- 38%

WinCommerce, a retail arm of Masan Group, targets to deliver net revenue within the range of VND36,000 billion and VND40,500 billion in 2023, up 23% to 38% year over year.

REE reports a record-breaking profit of $150 mln

The Refrigeration Electrical Engineering (HoSE: REE) had a successful year in 2022, earning a profit after taxes of $150 million, up 64% from the year before and exceeding the target by 70%.

HSC reports Q4 pretax profit at VND159 bln, down 43%

Ho Chi Minh City Securities Corporation achieved VND584 billion in revenue and over VND159 billion in before-tax profit, down 39% and 43% respectively from a year ago.

ESR chooses a strategic stake as the lead investor in BW Industrial's financing ...

Real estate conglomerate ESR Group has acquired a strategic ownership share in BW Industrial Joint Stock Company as the main investor in a fundraising transaction, DealStreetAsia reported.

VinaCapital buys 10.3-percent stake in Vietravel at $1 per share

Vietravel Holdings has become the largest shareholder of Vietnam Travel and Marketing Transports JSC (Vietravel) after purchasing 1.78 million VTR shares.

Thai industrial developer Amata to target Vietnam and Laos

Amata Corporation, the largest industrial developer in Thailand, has modified its growth strategy for 2023 and is now concentrating on the rapidly developing nations of Laos and Vietnam, Nikkei Asia reported.

Swire Coca-Cola acquires Coca-Cola Vietnam

Following the deal's completion, Swire Coca-Cola now owns and runs 3 beverage manufacturing facilities, 18 production lines, and 6 distribution hubs all throughout Vietnam.

Vietnamese unicorn VNG to list shares on UPCoM at about $10 apiece

Vietnamese unicorn VNG has planned to list 35.8 million VNZ shares on UPCoM, starting January 5, 2023.

IFC considers investing $20 million in quasi-equity in GS25 Vietnam

International Financial Corporation (IFC), a member of the World Bank, thinking about investing around $20 million in a subsidiary of Son Kim Retail, the company that runs GS25 Vietnam, Inside Retail reported.

South Korea's SK Group may sell some Southeast Asia assets

South Korea's second-largest conglomerate SK Group is considering selling some of its assets in Southeast Asia and reinvesting in other businesses in countries in the region, including Vietnam.

PVOIL's consolidated revenue exceeds $4.2 billion for the first time

PVOIL exceeded its financial targets for the first time, with consolidated revenue over VND100,000 billion ($4.2 billion), fulfilling 223% of the plan for 2022.

BMW Group partners with THACO to launch local production

In order to build BMW vehicles domestically in Vietnam, BMW Group is thrilled to collaborate with Truong Hai Auto Corporation (THACO).

Tepco invests about $33 million in the purchase of shares in a Vietnamese electrical ...

Japan's leading power company has acquired a significant share in VNPD after investing VND785 billion ($33 million) to acquire 25% of the business's stock.

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Companies

Vietjet's fourth-quarter revenue increases over four times

Vietravel returns to profitability after 2 years in the red

Viettel Global records a record profit of over $973mln in 2022