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Coteccons shares hit three-year low as construction market slows down

Coteccons shares hit three-year low as construction market slows down

Share price of Conteccons Construction JSC (HOSE: CTD) hit its record low of VND96,800 ($4.2) in three years on June 18, witnessing a fall of over 33 per cent on-year.

Vietnam to pilot mobile money to back financial inclusion in 2019

The sooner Vietnam puts mobile money into service, the broader financial inclusion will be achieved to ensure people in rural and remote areas will have access to financial services.

Novaland looks to develop mammoth safari and resort complex in Ba Ria Vung Tau

The Ba Ria Vung Tau provincial People’s Committee has given the green light to the Ho Tram safari and resort project.

Vietnam - the next solar powerhouse?

Nearly 50 solar power projects are expected to be put into operation this June, boosting the total solar power capacity in Vietnam to 5,000MW. The challenges now linger with the capability of the national grid to handle the additional power.

Be Group joins VPBank to launch financial services

The digital financial services launched by Be Group come as part of the company’s commitment to round up an ecosystem to support its core business of transport services.

First seven local banks deploy chip cards

Some 22 million magnetic-strip ATM cards in Vietnam will be converted to chip cards by the end of 2019, as part of an attempt to accommodate the nation’s non-cash payments scheme by 2020.

Sweden’s AstraZeneca invests $220 million in Vietnam

The Swedish biopharmaceutical company has pledged to invest some $220 million in Vietnam’s healthcare sector in the 2020-2024 period.

Beverage giant wins land auction to make way for real estate business

The founder of Tan Hiep Phat Group, who turned downed a $2.5 billion purchase offer from Coca Cola, is venturing into real estate business.

Samsung SDS to acquire 25 million CMC Corporation stakes

Samsung SDS will become CMC Corporation’s strategic foreign investor should the private placement of 25 million CMC Corporation ordinary shares be approved by its shareholders at the upcoming annual general shareholder meeting in June.

Samsung SDS combining forces with CMC Corporation

The two parties have reached an agreement which will help Samsung SDS foster its expansion in Vietnam and CMC Corporation achieve its $1-billion takings goal by 2023.

Luxstay snaps up $4.5 million from Korean investors

Local accommodation rental startup Luxstay has now secured a $4.5-million bridge loan from Korean-backed GS Home Shopping (GS Shop) and BonAngels.

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854.34 6.17 0.73
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