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Is Jetstar Pacific impeding Vietnam Airlines’ growth?

Is Jetstar Pacific impeding Vietnam Airlines’ growth?

BUSINESS - Aug 18, 2018 | 10:01 PM GMT+7

Within five years after being operated by Vietnam Airlines, Jetstar Pacific has never competed with VietJet Air and it also broke loss records even though its revenue has grown in line with the overall trend of the market.

BIM Group will soon operate Southeast Asia's largest solar power plant

BIM Group will soon operate Southeast Asia's largest solar power plant

NEWS - Aug 18, 2018 | 11:19 AM GMT+7

BIM Group's solar power plant in Ninh Thuan province has just been expanded its production capacity from 30MWp to 280MWp, which is expected to continue rising to over 300 MWp.

E-commerce marketplace Sendo enjoys $51-million investment

E-commerce marketplace Sendo enjoys $51-million investment

BUSINESS - Aug 17, 2018 | 09:16 AM GMT+7

Sendo Technology JSC, the operator of online trading platform Sendo, announced that it has secured an investment of $51 million from existing partners and especially new investors namely SoftBank Ventures Korea, Daiwa PI Partners, and SKS Ventures.

Singapore's largest listed real estate PropNex sets presence in Vietnam

Singapore's largest listed real estate PropNex sets presence in Vietnam

BUSINESS - Aug 16, 2018 | 06:01 PM GMT+7

Under the agreement on master franchise, Singapore’s PropNex Realty will acquire 25 per cent of the issued and paid up share capital of PropNex Realty Vietnam at a nominal sum of US$1.

Moody's upgrades ratings of local banks

Moody's upgrades ratings of local banks

BUSINESS - Aug 16, 2018 | 02:58 PM GMT+7

Moody's Investors Service, also known as Moody's, has just upgraded the long-term local and foreign-currency deposit and issuer ratings of the three leading joint stock commercial banks of Vietnam.

VinaLand divests from series of real estate projects to gain nearly $120 million

VinaLand divests from series of real estate projects to gain nearly $120 million

REAL ESTATE - Aug 16, 2018 | 09:31 AM GMT+7

VinaLand Limited, the real estate arm of investment company VinaCapital has completed eight project disposals in Danang, Ho Chi Minh City, Phu Yen, Binh Thuan and Dong Nai provinces within only four months.

Asanzo plans to call for $21.5 million from its distributors

Asanzo plans to call for $21.5 million from its distributors

BUSINESS - Aug 15, 2018 | 05:43 PM GMT+7

The leading domestic electronic manufacturer Asanzo is working out an initial public offering plan and mobilize a large amount of capital from its distributors in order to expand its current production scale and diversify products.

Radisson Blu Resort Phu Quoc celebrates opening

Radisson Blu Resort Phu Quoc celebrates opening

NEWS - Aug 15, 2018 | 11:49 AM GMT+7

Radisson Blu Resort Phu Quoc, a 514-room property overlooking the northern stretch of Vietnam’s most compelling beach, Bai Dai, is opening its doors on August 15, as part of an unprecedented integrated resort on the nation's biggest island.

Alpha King appointed Savills Vietnam as its properties' exclusive leasing agency

Alpha King appointed Savills Vietnam as its properties' exclusive leasing agency

REAL ESTATE - Aug 15, 2018 | 09:07 AM GMT+7

Savills Vietnam has just signed an agreement to become the exclusive leasing agent for Alpha Town and Alpha Mall, properties of Alpha King Real Estate Development JSC.

New wholly foreign owned banks might cease to emerge

New wholly foreign owned banks might cease to emerge

NEWS - Aug 14, 2018 | 04:35 PM GMT+7

The Government will not likely grant any more business licenses for banks with 100 per cent foreign capital, according to Deputy Prime Minister Vuong Dinh Hue.

The regional minimum wage to surge 5.3 per cent in 2019

The regional minimum wage to surge 5.3 per cent in 2019

NEWS - Aug 14, 2018 | 11:58 AM GMT+7

The National Wage Council has approved by voting a proposal for a regional minimum wage increase of 5.3 per cent in 2019.

ANZ optimistic about Vietnam's economic growth

ANZ optimistic about Vietnam's economic growth

NEWS - Aug 14, 2018 | 08:35 AM GMT+7

Vietnam would experience strong GDP growth this year and next, as it continues to attract FDI inflows and expand their manufacturing base, according to the head of Asia research at Australia & New Zealand Banking Group Ltd.

Increasing sightseeing fees on Halong Bay: An unreasonable proposal

Increasing sightseeing fees on Halong Bay: An unreasonable proposal

LEADER TALK - Aug 13, 2018 | 09:41 PM GMT+7

Sightseeing fee increase on Halong Bay should be carried out with a strict and detailed plan which has a timeline and limitation, according to Pham Manh Ha, founder of Luxury Travel.

Output, new orders, job creation eased slightly but business confidence upped

Output, new orders, job creation eased slightly but business confidence upped

NEWS - Aug 13, 2018 | 03:41 PM GMT+7

Vietnam Manufacturing Purchasing Managers’ Index (PMI) in July indicated a slight ease of output, new orders and job creation rate but still business confidence seen picked up.

No Fortuner sold, sales of Toyota plummets

No Fortuner sold, sales of Toyota plummets

NEWS - Aug 13, 2018 | 03:15 PM GMT+7

The total number of imported automobiles handed over to customers reduced by up to 45 per cent in the first seven months of this year, compared to the same period of last year.

Moody's upgrades rating for Vietnam citing it to be more competitive than other rated peers

Moody's upgrades rating for Vietnam citing it to be more competitive than other rated peers

NEWS - Aug 13, 2018 | 07:24 AM GMT+7

Moody's Investors Service, also known as Moody's, had recently upgraded the Government of Vietnam's long-term issuer and senior unsecured ratings to Ba3 from B1 and changed the outlook to stable from positive.

There is Pham Nhat Vuong, there will emerge other names: Assoc. Prof. Dr. Tran Dinh Thien

There is Pham Nhat Vuong, there will emerge other names: Assoc. Prof. Dr. Tran Dinh Thien

LEADER TALK - Aug 12, 2018 | 05:06 PM GMT+7

Though Vingroup's diversification strategy is worrying me because spreading out investment for too many sectors is prone to weaknesses, its actual business performance remains solid thanks to following the right direction, according to Assoc. Prof. Dr. Tran Dinh Thien.

Vietnam Airlines contests claims against pilot matters

Vietnam Airlines contests claims against pilot matters

NEWS - Aug 11, 2018 | 11:14 AM GMT+7

Vietnam Airlines ascertained that the recruitment of Vietnamese pilots is in accordance with international standards and relevant matters of termination and reimbursement abide by prevailing laws.

The Government to launch $86 million fund to finance start-ups

The Government to launch $86 million fund to finance start-ups

BUSINESS - Aug 11, 2018 | 01:36 AM GMT+7

Start-ups will be provided with loans from the small and medium enterprise development fund with interest rates not exceeding 80 per cent of the lowest levels at commercial banks in which the State owns over 50 per cent of capital.

Investment cost in Phu Quoc is higher but still more appealing: CEO Group

Investment cost in Phu Quoc is higher but still more appealing: CEO Group

LEADER TALK - Aug 10, 2018 | 03:07 PM GMT+7

Tran Dao Duc, Deputy General Director of CEO Group, shared stories about their business focus on seaside tourism real estate which is more appealing and making the group become one of the three most prominent investors in Phu Quoc now.

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