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MIST Tourism, Hospitality, and Travel Tech Program opens for applications

MIST Tourism, Hospitality, and Travel Tech Program opens for applications

Destination Mekong and the Mekong Business Initiative (MBI) announced their 2018 Mekong Innovative Startups in Tourism (MIST) business support programs are now open for applications.

Viethaus joint venture in Germany reported accumulated losses of US$16 million

Despite contributing only VND15 billion (US$661,521), Southern Airports Services JSC (SASCO), Viethaus’s shareholder, has paid on behalf of the joint venture nearly VND300 billion (US$13.2 million) to fees and had to make provision since 2015.

Vinachem to sell its entire stake in 15 companies

Under the restructuring scheme, the Vietnam National Chemical Group (Vinachem) will hold less than 50 per cent stake in seven companies and sell all of its stake in 15 other companies.

Ha Noi: FDI enterprises award highest Tet bonus up to over US$14,000 per employee

The highest Lunar New Year 2018 bonus (mentioned as ‘Tet 2018 bonus’ from here) in Hanoi belongs to the employees of foreign direct investment (FDI) businesses, up to US$14,333 each person.

Anam Electronics builds its second factory in Ha Nam

Anam Electronics Vietnam, a Korean-owned electronics manufacturer, has just broken ground on a US$77.5-million electronics factory covering 10,000 square meters in Dong Van IV Industrial Park in Ha Nam province.

Top 10 prestigious pharmaceutical companies in Vietnam in 2017

Reputation of the pharmaceutical industry is based on research on the influence of financial factors, the business image in the media and evaluated by experts in the sector, according to the latest Vietnam Report on results of pharmaceutical companies.

The State to auction over 475 million VRG shares at price of US$0.57 each

The Deputy Prime Minister Vuong Dinh Hue has approved the plan for the equitization and conversion of Vietnam Rubber Group (VRG) into a joint-stock company (JSC).

Ministry of Finance raises questions about Hancorp's investments

According to the Ministry of Finance (MoF), Hanoi Construction Corporation – JSC (Hancorp)’s outsourcing investment is not effective and potentially in risk of capital loss.

Formosa Group to add US$247.88 million in Formosa Ha Tinh

Formosa Plastics Group, Taiwan’s largest industrial conglomerate plans to invest US$247.88 million in Formosa Ha Tinh Steel Corporation (Formosa Ha Tinh) through five of its major subsidiaries in second-round fundraising, according to Taipei Times.

Sacombank offers million-dollar real estate assets for sale in HCMC and Binh Duong province

Besides the industrial park in Long An province was offered for sale at nearly VND10 trillion (US$441 million) through the auction, Sacombank is also selling many real estate assets worth to trillions VND in Ho Chi Minh city (HCMC) and Binh Duong province.

VNPT to sell 71.5 million Maritime Bank shares at US$0.52 each

Vietnam Posts and Telecommunications Group (VNPT) has registered to auction more than 71.5 million shares of Maritime Commercial Joint Stock Bank (Maritime Bank) in a single-batch sale on Hanoi Stock Exchange (HNX) by January 18, 2018.