Chuyên mục: Enterprise

Microsoft and SAP promote co-operation

Microsoft Viet Nam and SAP – one of the global leaders in enterprise software – on Friday announced a strategic partnership. This mutual collaboration aims to propel Viet Nam’s Industry 4.0 by providing integrated offerings from both companies for enterprise customers in Viet Nam to be able to drive more business innovation in the cloud. ...

Yeah1 loses half of its market value despite leaders’ efforts

Media firm Yeah1 Group (YEG) has lost nearly VND4 trillion (US$171.7 million) – half of its market value – since early this month, in spite of efforts by company leadership to “save” the price of its stock by purchasing large amounts of YEG shares. Yeah1 has nearly 31.28 million shares listed on the Ho Chi ...

Honda Racing Vietnam to race at Asia Road Racing Championship 2019

HÀ NỘI — Three Vietnamese athletes will take part in the FIM Asia Road Racing Championship (ARRC) 2019 which will begin with its first round on March 8-10 at the Sepang International Circuit in Malaysia. It will be the first time that a team with 100 per cent members are Vietnamese taking part in the tournament ...

Orders for wooden product exports soar

Orders for furniture exports have risen strongly so far this year as demand has risen, according to Huynh Quang Thanh, chairman and CEO of Binh Duong-based Hiep Long Fine Furniture Company. “We have signed export contracts enough for the rest of the year. The world furniture market is huge and full of potential,” he said. ...

Future bright for VN pharma

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VinFast launches limited edition Lux SUV in Switzerland

HÀ NỘI — VinFast will introduce its first Lux SUV model at the Geneva Motor Show 2019 in Switzerland, one of the most exciting displays of auto engineering and design in the world, from March 7-17. Being equipped with a powerful 6.2-litre V8 engine and outstanding interior and exterior, the new VinFast Lux V8 has ...

Property developers eye emerging markets

Distance is no longer a problem for property investors in and around HCM City thanks to improved transport infrastructure. The southern property market is seeing an increasing trend of investors looking to the southern hub’s neighbouring provinces. With land running out for property development in the city, investors are eyeing markets like Dong Nai, Binh ...

Masan targets double digit growth

Masan Group Corporation targets net revenues of VND45.2-50 trillion (US$1.9 – $2.15 billion) this year, an increase of 18-31 per cent from last year. Its net profit after tax post-minority interest (NPAT Post – MI) is expected to reach VND5-5.5 trillion this year, up 44-58 per cent from last year and taking the profit margin ...

Amazon to support VN enterprises in e-commerce

A workshop titled “Export via e-commerce platform: Opportunity with Amazon” will be held in Hà Nội on February 27. The event, organised by the Trade Promotion Agency under the Ministry of Industry and Trade (MoIT) in co-operation with Amazon Global Selling, aims to help Việt Nam’s businesses boost exports via the e-commerce channel. At the ...

US toy producers plan to move operations to Viet Nam

Several US toy makers intend to move their production facilities in China to other markets, including Viet Nam, due to concerns about negative effects of the US-China trade war. Some US toy firms said that if their products were made in the US instead of China, their prices would be five times higher, making their ...

Firm to invest $200m in VSIP Nghệ An

A Singaporean company will invest in a textile project in the Việt Nam-Singapore Industrial Park in Nghệ An Province (VSIP Nghệ An). This project is invested by Singapore’s Royal Pagoda Private Limited with total capital of VNĐ4.6 billion (US$200 million). This is the project with the largest capital in the list of projects that are ...

Local car maker to export to ASEAN and US

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Vinalines Logistics aims for profit growth

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Vinamilk Q4 post-tax profit grows

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Russian car maker seeks joint-venture

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PJICO partners with Korea’s Woori Bank

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Vietjet launches HCM City-Van Don flight

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VinFast opens car design contest for new Pre series

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Vietnamobile expands 4G service to 20 provinces

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Knorr targets double-digit growth this year

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ACV wants to be investor of key items at Long Thanh Airport

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Navico invests VND4 trillion in aquaculture

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Vietcombank to sell shares to fund capital hike

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Thaco pours US$200m into production plant

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Mekong Delta farmers increase area under clean vegetables, fruits for Tết

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Vinatex targets export turnover up

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VNPT to spend $1 billion on MA

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Digiworld easily achieves finance targets

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Loc Troi Group sign agreement with Dubai company for rice production

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First Bamboo Airways aircraft to arrive in Viet Nam next month

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Vietnam Airlines and Jetstar Pacific add 134,000 seats for Tet holiday

Vietnam Airlines and its member budget carrier Jetstar Pacific will supply 134,000 additional seats during the Tet (Lunar New Year) holiday from January 20 to February 19. Vietnam Airlines said it would add 54,000 seats, equivalent to nearly 230 flights, on domestic routes; meanwhile, Jetstar Pacific will add more than 80,000 seats. The two airlines ...

Vingroup sets up subsidiary to support start-ups

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MobiFone to put TPBank shares on sale

State-owned telecommunications corporation MobiFone has announced a plan to sell its entire share of Tien Phong Joint Stock Commercial Bank (TPBank). MobiFone will offload nearly 5.55 million shares of TPBank on the stock market, TPBank said in a note published on Monday. TPBank is listed on the Ho Chi Minh Stock Exchange (HoSE) as TPB. ...

Grab’s acquisition of Uber may have broken law

Grab’s acquisition of Uber may have violated the Competition Law, according to the Viet Nam Competition Authority (VCA). The VCA on Wednesday said it had completed an investigation into the acquisition and transferred its conclusions to the Viet Nam Competition Council for consideration. The investigation found that Grab did not notify its purchase of Uber ...

VN needs policies to encourge investment in start-ups

Việt Nam needed to develop policies and an ecosystem to encourage angel investors to invest money in start-up businesses, heard a conference on Tuesday held by the Việt Nam National University’s University of Economics and Business. Khôi Nguyễn, founder and CEO of Wefit, a fitness startup with more than 100,000 users, said at the conference ...

Top 500 largest enterprises in Viet Nam announced

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Yeah1 plans to issue shares to raise charter capital

Multi-channel media group Yeah1 has announced a plan to issue nearly 62.56 million bonus shares at the rate of 200 per cent in 2019. Each shareholder will receive two new shares for every share he or she already owns. Bonus shares will be available to trade on the stock market after the issuance date. The ...

Da Nang attracts Japanese enterprises

The central city of Da Nang always appreciates the contribution of Japanese enterprises to the socio-economic achievements in 30 years attracting foreign direct investment (FDI) into Viet Nam. The statement was made by vice chairman of Da Nang City People’s Committee Ho Ky Minh at an investment promotion conference held in Ha Noi on Friday. ...

Lotte promises best places to live in Viet Nam

The South Korean conglomerate Lotte Group’s chairman Shin Dong-bin hopes Lotte’s eco smart city projects will become the best places to live in Viet Nam. Speaking at a meeting with the Prime Minister Nguyen Xuan Phuc on Tuesday, Lotte Group chairman said his visit to Viet Nam this year was to examine the progress of ...

Novaland to organise job fair to hire 1,000 staff

Property developer Novaland Group on Wednesday announced it will organise a job fair in HCM City on December 8 to hire 1,000 workers, mainly as consultants. The fair will take place from 8am to 5pm at its transaction floor at 26 Mai Chi Tho, District 2. The company said in addition to salaries in accordance ...

Manufacturing sector output rises at near-record pace in November

Việt Nam’s Manufacturing Purchasing Managers’ Index (PMI) rose from 53.9 points in the previous month to reach 56.5 points in November, according to the latest survey from Nikkei’s IHS Markit, released on Monday. Manufacturing business conditions during November improved to one of the greatest heights in the near eight-year history of the survey. The consumer ...

BIM Group named among top 50 most profitable companies

Vietnamese conglomerate BIM Group has been ranked forty-fourth in Viet Nam Report’s Profit 500 which honours the most profitable companies in the country. Tourism development and real estate investment at BIM Group were honoured in the top ten besides other big developers such as VinGroup, Nova, Dat Xanh, Nam Long, Kinh Bac and Khang Dien. ...

Tetra Pak, Veolia tie up on recycling

Tetra Pak has joined hands with global resource management company Veolia to recycle all components of used beverage cartons collected in the EU by 2025. They will be processed at dedicated facilities and converted into raw materials for use in the plastic industry, making the value chain for collection and recycling more efficient and viable. ...

Novaland named top 100 sustainable companies

Giant property developer Novaland has been named in the list of top 100 sustainable companies by the Vietnam Chamber of Commerce and Industry’s Vietnam Business Council for Sustainable Development. The company said it is in 11th place. The award, launched in 2016, has become one of the most prestigious in the county in terms of ...

ViettelPay information security certified

HCM CITY – Viettel Pay’s digital banking service has received the certificate of the Payment Card Industry Data Security Standard, the international information security standard for organisations that handle branded credit cards. It was created to increase safety for cardholder data to reduce credit card fraud. The service has completed Trustwave’s Self-Assessment Questionnaire and Vulnerability ...

First northern specialities week begins at Big C

The first ‘Northwest and Northern Mountainous Provinces Specialties Week’ began on Friday at Big C An Lac in HCM City’s Binh Tan District and the supermarket’s 15 stores in the north. The specialties on sale include Moc Chau passion fruit, ash gourd, white cabbage from Son La Province, orange and tangerine from Hoa Binh Province, ...

SMEs urged to participate in global value chains

Small- and medium-sized enterprises (SMEs) must enhance their competitiveness to participate in Industry 4.0 and inclusive global value chains in the context of rapid integration and technology advancements, experts have said. Vu Viet Ngoan, Chief of the Economic Advisory Committee to the Prime Minister, said at the conference, held by the US – ASEAN Business ...

Vân Đồn International Airport getting ready for flights

Vân Đồn International Airport in the northern province of Quảng Ninh, developed by Sun Group, is on track to start commercial flights by the end of this year, with construction of the technical system near completion. According to the airport’s management board, the construction of the terminal, air traffic control tower and operation tower of ...

FLC Group to invest in 6 projects in Quang Ngai

The central province of Quang Ngai has approved in principle FLC Group’s investment in six projects at the Van Tuong Urban Area in Binh Son District with total capital of VND13 trillion (US$557.2 million). These include the Van Tuong 1 urban area with total area of 497,902sq.m; FLC Quang Ngai ecological urban area with 353,123sq.m; ...

Doosan Vina, Samsung sign manufacturing deal

Korean Heavy Industries Doosan Viet Nam (Doosan Vina) and Samsung Engineering Company (SECL) have signed a framework agreement for a major project in the Middle East. Doosan Vina said it will commence work on the design, fabrication, assembly, testing, and inspection of refinery equipment for the Crude Flexibility Project (CFP) in Ruwais in the United ...

Bamboo Airways and Petrolimex’s subsidiaries sign MoU

HÀ NỘI — Bamboo Airways Company Limited, a member of FLC Group, signed a memorandum of understanding (MoU) for co-operation with the Petrolimex Insurance Company (PJICO) and Petrolimex Aviation Fuel Joint Stock Company. The MoU was signed last week in the central province of Thanh Hóa. Under the terms, Bamboo Airways would give priority to ...

An Phat and PVTEX introduce new AnPoly yarn

An Phat Holdings JSC (APH), An Son Textile Fiber JSC and Petrovietnam’s Petrochemical and Textile Fiber Joint-Stock Company (PVTEX) officially introduced the new AnPoly yarn at Dinh Vu polyester fibre plant on Friday, paving the way to re-opening the whole plant in 2019. AnPoly, a draw textured yarn, is the first achievement of co-operation in ...

Mobile World Investment to issue $46m dividend stock

Mobile World Investment Corporation will issue 107.6 million shares to pay shareholders dividends at a rate of 3:1 after achieving positive business results. The total value of this share issue reaches nearly VND1.08 trillion (US$46.2 million), derived from undistributed profits after audit in 2017. After the issuance, the company’s charter capital will increase to VND4.3 ...

Vinfast launches new e-scooter

Automaker VinFast on Saturday launched its first e-scooter model at the opening ceremony of its factory in the northern city of Hai Phong. The company also revealed its comprehensive e-scooter ecosystem for the factory that meets international standards and demands of less noise and air pollution. The first e-scooter model, named “Klara”, was a combination ...

Food giant Vissan to increase supply for Tet

Vissan Joint Stock Company, the country’s leading food producer, will increase supply by 15-20 per cent for Tet (Lunar New Year) in early 2019, including 3,200 tonnes of fresh meat and 2,800 tonnes of processed foods. The company started making production plans for the year’s biggest holiday a few months ago. Speaking at a ceremony ...

EZ Land signs up CBRE to manage HCM City apartment project

The EZ Land Development & Investment JSC on Tuesday appointed CBRE as the operations and management agent for its HausNeo apartment project in HCM City’s District 9. The project, spread over more than 8,000sq.m, will have two 18-storey blocks with 560 apartments and eight shophouses. It has obtained EDGE certification from SGS Vietnam for meeting ...

Novaland revenues jump 53 per cent but fall short of ambitious target

Property developer Novaland Group said it expects revenues for this year to jump by 53 per cent to VND17.8 trillion, but fall short of the target it has set. It said it is likely to achieve only 82 per cent of the target, attributing it to difficulties it faces in fulfilling legal procedures before handing ...

Hapro signs agricultural contracts worth $2 million

Ha Noi Trade Corporation (Hapro) has signed contracts for exporting agricultural products worth about US$2 million at the world’s largest food innovation exhibition SIAL Paris. The fair, which is taking place in Paris from Tuesday to today, has an exhibition area of nearly 250,000 sq.m, attracting about 6,500 businesses from more than 100 countries around ...

Viet Nam’s biggest bookstore chains to debut shares on UPCoM

Viet Nam’s biggest bookstore chain, the HCM City Book Distribution Joint Stock Company (Fahasa), will debut over nine million shares on the Unlisted Public Company Market (UPCoM) on November 1 with the code FHS. The reference price for the first trading day is VND15,800 (US$0.68) per share, which values the company at VND144 billion ($6.2 ...

Jetstar Pacific to up Da Nang-Taipei flights

Low-cost carrier Jetstar Pacific will increase the number of return flights between Da Nang and Taipei from three to five per week from October 31. The airline said it would operate return flights on Tuesday, Wednesday, Thursday, Friday and Sunday on 180-seat Airbus A320s. The flights will take off from Da Nang International Airport at ...

Vinfast, PV Oil ink deal on charging stations

Việt Nam’s automaker VinFast and Vietnam Oil Corporation (PV Oil) on Thursday signed a Memorandum of Understanding (MoU) on implementing charging stations and leasing batteries for electric vehicles. Under the MoU, PV Oil will provide 600 petrol stations nationwide for VinFast to install its charging station system in the first phase. This will rise to ...

Uniqlo acquires stake in Vietnamese firm

Japan’s Uniqlo has acquired a 35 per cent stake in Hà Nội-based women’s fashion products maker Elise Joint-Stock Company. The deal has been finalised, with Elise getting tens of millions of dollars – though the exact price has not been disclosed – much higher than its entire charter capital. Elise has more than 100 stores ...

3-day weekend boom expected as Co.opmart, Co.opXtra roll out buy 1 get 1 free promotion

To welcome the 100th Co.opmart supermarket, Co.opmart and Co.opXtra supermarkets nation-wide have launched a series of attractive promotions, including programmes offering sharp discounts. A programme called “Buy 1 get 1 free, maximum saving” with prices reduced to between VND19,000 and VND339,000 will run during the next weekend from October 26 to 28, and apply to ...

Apple supplier to shift production from China to Viet Nam: Nikkei

Apple’s AirPods assembler, Chinese firm GoerTek, confirmed plans to shift production out of China to avoid the escalating trade war between the US and China. The producer has notified suppliers that it intends to move production of the wireless earphones to Viet Nam, the Nikkei Asian Review reported. GoerTek and Apple did not immediately respond ...

Vietnamese and Danish enterprises ink strategic agreement

The CMC Corporation from Viet Nam signed a strategic co-operation agreement with Approxima, a partner from Denmark on October 20, within the framework of the Viet Nam – Denmark Business Forum held at the headquarters of the Confederation of Danish Industry (DI). Prime Minister Nguyen Xuan Phuc witnessed the ceremony. Accordingly, Approxima will be responsible ...

Foreign animal feed firms expand in Viet Nam

The animal feed industry, which is growing at 10-15 per cent annually, is highly attractive to foreign investors, who are steadily expanding their production. US-owned Cargill last week opened a US$28 million plant in Binh Duong Province that can produce 240,000 tonnes of poultry and swine feed annually. Cargill is one of the five biggest ...

FLC and Viettel sign co-operation deal

FLC Group and Viettel have signed a comprehensive co-operation agreement for the 2018-20 period. The deal will help FLC promote the application of IT services in its administration and management. Under the agreement, Viettel and FLC will co-operate to build and implement common products and services to create a product eco-system to fully tap into ...

Samsung experts help train consultants in supporting industries

The Ministry of Industry and Trade and Samsung Electronics Vietnam on October 19 organised in HCM City the closing ceremony for the third training course for Vietnamese consultants in supporting industries. The course had begun on July 23 with 25 participants, who were taught quality control and production management theory for four weeks followed by ...

Novaland targets luxury segment, global quality

Property developer Novaland Group recently announced that it would hereafter focus on the luxury segment. The Grand Manhattan Project Since its establishment, the property giant has targeted the mid-level and high-end segments with projects in ideal locations and with convenient transportation. So far it has developed nearly 40 projects, providing the market with products ranging ...

ViettelPay wins APICTA award

Viet Nam for the first time won a gold medal at the 18th annual Asia Pacific Information Communication Technology Awards (APICTA) held in China last week. The gold medal was presented to ViettelPay – a digital banking application developed by Viettel Group in the business service, finance and marketing category. ViettelPay was officially launched in ...

Pan Group forms collaboration promotion committee with Japanese food firm

Vietnamese agriculture and food company PAN Group JSC has officially launched a collaboration promotion committee with the Japanese Sojitz Corporation, comprised of food and agribusiness staff from both companies, to strengthen the ties between them. The PAN Group’s chairman Nguyen Duy Hung makes a speech at the launch ceremony. — Photo ndh.vn According to the ...

Vietjet CEO receives the ASEAN Entrepreneurs Award 2018

VietJet’s President and CEO Nguyen Thi Phuong Thao has won the ASEAN Entrepreneurs Award 2018 during a ceremony in Seoul last week. President and CEO of Vietjet Nguyen Thi Phuong Thao. — VNS Photo The award recognised Thao’s significant contributions to bolstering economic and trade exchange between South Korea and ASEAN. The ceremony was held ...

Vinfast signs $950m agreement for machinery

VinFast Trading and Production Limited Liability Company (VinFast) has entered into a US$950 million financing agreement guaranteed by Euler Hermes and the German Export Credit Agency (ECA), to support the country’s first automotive and motorcycle manufacturing complex, Vinfast announced in its press release. Representatives of Vinfast and Euler Hermes shake hands at the signing ceremony. ...

Hoan My Medical Corporation issues US$99.7 million in bonds

Hoan My Medical Corporation on Monday successfully issued VND2.33 trillion (US$99.7 million) in dual-tranche fixed rate bonds. Hoan My is the leading and largest private hospital network in Viet Nam by number of hospitals and operating beds. — Photo nhadautu.vn The issuance was placed by Standard Chartered Bank Viet Nam and guaranteed by Credit Guarantee ...

Giant livestock processing factory opens in Dong Nai

The GreenFeed Viet Nam Corporation and the Dong Nai Food Industry Company on Wednesday inaugurated a processing factory in Trang Bom District, Dong Nai Province. The Dong Nai Food Processing Factory was inaugurated on Wednesday in Trang Bom District, Dong Nai Province. — VNA/VNS Photo Hong Nhung The Dong Nai Food Processing Factory features German ...

VietinBank to divest all holdings at Saigonbank

State-owned Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) this week announced it plans to divest its holding in Saigon Bank for Industry and Trade (Saigonbank). Saigonbank’s total assets by the end of June rose by 5.35 per cent to over VND20.72 trillion (US$885 million). — Photo Saigonbank Accordingly, VietinBank’s board of directors ...

Vietcombank to earn $42.7 million profit from divestments

Vietcombank is estimated to gain a profit of some VNĐ1 trillion (US$42.74 million) from its divestments at Military Bank (coded MBB) and Eximbank (coded EIB) this month. Vietcombank is estimated to gain profits of VNĐ395.4 billion through divestment at Eximbank. – VNA/VNS Photo Vietcombank is due to auction 53.4 million MBB shares on October 15 ...

Mobile World shares repeatedly sold by foreign funds

In a short time, foreign funds have sold millions of shares of Mobile World Corporation (MWG), one of the biggest mobile phone and accessory retailers in Viet Nam, with an estimated transfer value of up to hundreds of billions of Vietnamese dong. ile World Corporation runs three major brands, which are The Gioi Di Dong, ...

FrieslandCampina to expand nutrition education, physical development programme

FrieslandCampina Vietnam and the Central Council of Ho Chi Minh Young Pioneer Organisation are jointly organising a training course for implementation of the Milk Drinking-Exercising- Healthy Programme for 40 primary school teachers in Da Nang who are in charge of making plans and managing activities for the organisation. Forty primary teachers in Da Nang City ...

Vietjet co-operates with VNPAY to adopt QR code payments

HÀ NỘI — Vietjet has co-operated with Việt Nam Payment Solution Joint Stock Company (VNPAY) – the biggest QR code payment firm in Việt Nam – to apply QR code technology for online ticket bookings. The new QR Pay payment method will provide convenience to Vietjet Air’s customers in online ticket booking. — VNS Photo ...

Vietjet CEO: Realise your dreams

Nguyen Thi Phuong Thao, Vietnam’s first and only female billionaire according to Forbes, shared her story of how she built the new-age airline to 1,000 local and foreign delegates at the World Economic Forum on ASEAN 2018, helping to inspire and encourage the startup generation. Nhat Ha reports. President and CEO of Vietjet Nguyen Thi ...

Aeon dissolves partnership with Viet Nam’s Fivimart as losses linger

Retail giant AEON has terminated its tie-up with Ha Noi-based Fivimart after four years of co-operation due to losses. The deal with Aeon was supposed to boost the efficiency of Fivimart’s corporate governance, brand promotion and network, which in reality did not go according to plan. — Photo vietnambiz.vn Aeon, a major Japanese retailer, and ...

VietBank to raise charter capital before listing on UPCoM

HÀ NỘI — Việt Nam Thương Tín Commercial Joint Stock Bank (VietBank) targets to list its shares on the Unlisted Public Company Market (UPCoM) within a year of increasing charter capital to more than VNĐ4.25 trillion (US$181 million) in 2018. VietBank will issue shares for its existing shareholders and employees to raise its capital to ...

Czech Republic exports to VN surge 580.5 per cent in July

HÀ NỘI — Exports from the Czech Republic to Việt Nam surged 580.5 per cent to more than US$45.5 million in July from the previous month, much higher than the monthly average of $7-10 million, according to the Czech Statistical Office. Shipments of rubber, inorganic chemical compounds, leather, garment accessories, apparel, mechanical equipment and wooden ...

Hospitality firms see Viet Nam’s potential

Viet Nam has emerged as a promising market in the hospitality sector among ASEAN-member countries, especially for luxury hotels and resorts, speakers said at a hotel and resort conference held on Monday in HCM City. Tran Phu Cuong, general director of the International Cooperation Department under the Viet Nam National Administration Tourism, speaks at the ...

Digiworld to develop Nokia brand in VN

Digiworld Joint Stock Company and HMD Global, makers of Nokia phones, on Wednesday signed an agreement to expand their partnership and further develop the Nokia brand in the country. Representatives of Digiworld Joint Stock Company and HMD Global at a ceremony where the two companies signed an agreement in HCM City on Wednesday. — VNS ...

Ninh Thuận to breed more sheep, goats for commercial production

The south-central province of Ninh Thuận, the country’s largest animal producer, is strengthening measures to breed more sheep, goats, pigs and other animals for commercial production. Sheep are bred at a farm in Ninh Thuận Province’s Thuận Nam District. – VNA/VNS Photo Công Thử The province has more than 160,000 sheep and 137,900 goats, ranking ...

Vivo unveils two new phones with AI features

Vivo Technology Company Ltd on Friday in HCM City unveiled two new phones, V11 and V11i, which will be on sale late this month. New Vivo smart phone. — VNS Photo The innovative phones are using AI, and are equipped with an AI camera that takes good pictures in different light conditions. The camera functions ...