Vietnam's Ministry of Finance is proposing a 100 per cent special consumption tax on beer and high-alcohol beverages by 2030 as part of efforts to curb excessive drinking and raise state revenues.
According to Dragon Capital, the issuance of bonds this time is considered a necessary measure to moderate exchange rate fluctuations, rather than indicating a shift in monetary policy.
H.C. Starck Tungsten Powders (HCS), a wholly owned subsidiary of Masan High Tech Materials, announced to invest $53 million into Nyobolt Limited, a fast-charging Li-ion battery solutions company.
Mondelez Kinh Do and the social enterprise Green Connect have signed MOU on partnership of “Upcycle food waste into free-range chickens and eggs” project, aiming to convert organic waste into nutrient-rich organic fertilizer for plants and produce feed that serves as an abundant source of protein for livestock, poultry and aquatic products.
Alexander Koch, Heineken Vietnam's Managing Director, affirmed that the Covid-19 pandemic has significantly affected the company's operations as well as its contribution to the state budget.
Four in five European business leaders agree that businesses should be able to inoculate their workforce, reducing the burden on the state budget while also helping to accelerate the government’s vaccination drive.
All 17 Columbia Asia Hospitals in Southeast Asia have now been owned by Malaysia-based Hong Leong Group and global alternative asset firm TPG under a share purchase agreement.
Vietnam’s first-ever Corporate Governance Code of Best Practices for Public Companies has been introduced by the State Securities Commission of Vietnam on August 13, aimed at aiding further development of the capital market.
Hue-based Azerai La Residence has unveiled a newly refurbished luxury spa 50 per cent bigger than its original state, introducing new thermotherapy areas for men and women and a new range of revitalising treatments.
Vietnam’s largest listed enterprise in terms of market capitalisation is seeking for its shareholders’ approval on the issuance of $750 million worth of bonds to global investors in 2019.
The fund will be used to create thirty high-growth, enterprise tech startups in Southeast Asia. Hands-on mentoring will be provided across cities including Hanoi and Ho Chi Minh City.
CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott), is accelerating its growth globally with the signing of 26 properties mostly in Asia Pacific. Cam Ranh and Hoi An are the two new cities that the firm is now venturing into.
Credit growth in the first half of 2019 was slightly higher than the 6.14 percent growth recorded in the first half of 2018, according to the State Bank of Vietnam (SBV).
When the state ownership ratio diminishes, Toyota’s rivals will likely acquire VEAM stocks, creating a conflict of interest with the Japanese automaker.
