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Domestic taxi firms unite to compete with Grab

Domestic taxi firms unite to compete with Grab

"Vietnam Taxi Alliance", a gathering of 17 domestic taxi companies nationwide, has just made its debut and operated on EMDDI platform, a ride-hailing application developed by programmers from Hanoi National University.

Grab suffers huge losses in Vietnam

Apart from being under the financial pressure of unprofitable business in Vietnam, Grab is also facing fierce competition from the domestic emerging ride-hailing apps such as Go-Viet, Fastgo.

Sojitz spends $35-million acquiring PAN Group’s 10pc stake

Besides becoming a strategic shareholder, the Japanese multi-sector group Sojitz will be coordinating with its local partner to develop agri-food projects in Vietnam and the region.

Heineken Vietnam reaped hefty profit despite still modest market share

Heineken Vietnam Brewery recorded a profit margin of 40 per cent, much higher than Sabeco's 17.6 per cent but its market share still lagged behind its rival which is dominating the beer industry.

Suntory PepsiCo Vietnam outperformed its rival Coca-Cola, doubling revenue

After being raised doubts over the price transfer, Suntory PepsiCo Vietnam has recorded an impressive business delivery of over $150 million in net profit in recent years.

Korean Group invests $470 million to become Masan's largest foreign shareholder

Korea’s multi-sector group has spent $470 million on purchasing nearly 110 million treasury shares, equivalent to a 9.5 per cent stake in Masan Group.

Administrative sanction imposed to retail store chain Con Cung

The Market Surveillance Agency has just issued a decision on an administrative fine of VND250 million, equivalent to $10,766 to the maternal and baby products distributor Con Cung for eleven violations.

Bamboo Capital pours investment in three solar power plants in Long An province

The first project was kicked off with a total investment of $42 million.

Destination of Phu My Hung's huge profits

Phu My Hung joint venture reported an after- tax profit of nearly VND3.27 trillion, equalling to $140 million in 2016 only and was one of the largest profitable real estate companies in Vietnam.

$100-million Phu Yen racecourse project still paralyzed

Although investor proposed to offer bets on dog and horse racing, the project has not commenced yet and around $400,000 only has been disbursed up to now.

Lotte Vietnam misses plans to open more Lotte Mart supermarkets

No supermarket was opened in the past eight months though Lotte Vietnam Shopping Joint Stock Company has set out an ambitious plan to open more 12 Lotte Mart supermarkets in Vietnam since early this year.

Stock indexes
952.04 -8.21 -0.86
Volume: 200,000,000 Value: 4,741 (Billions VNĐ)
106.65 -0.65 -0.61
Volume: 29,000,000 Value: 434 (Billions VNĐ)
53.47 -0.4 -0.75
Volume: 8,000,000 Value: 156 (Billions VNĐ)
918.79 -10.11 -1.09
Volume: 48,000,000 Value: 1,555 (Billions VNĐ)