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VinFast expands network despite losses

VinFast expands network despite losses

The gross loss of Vingroup’s electric vehicle brand VinFast saw an increase of 7.3 per cent last year when the company expanded its commercial footprint.

Habeco lost market shares due to sluggish State capital divestment

The longer time the State capital divestment takes, the greater the risk of competition for Habeco is, especially when their business results are showing signs of deterioration, gradually being left behind by other competitors such as Sabeco and Heineken in the war of gaining market share.

Vingroup surprisingly unveils its $132 million production project of smartphone Vsmart

Vsmart plant will be built at VinFast auto manufacturing complex in the Hai Phong's Dinh Vu – Cat Hai economic zone.

Hai Phat Invest to list on bourse for ambitious targets of property development

Hai Phat Invest is expected to list on Ho Chi Minh Stock Exchange as part of its plan to raise cash for property development.

Transporting components for Samsung, ALS earned $42 million in revenue

Inheriting the monopoly advantage in the aviation industry from its founding shareholders, ALS quickly harvests the rewards from choosing the right target to focus on, which is the demand for transportation of goods, components production of foreign direct investment (FDI) enterprises such as Samsung and LG to industrial parks around Hanoi city.

Vietnam's national flag air carrier hikes salary to retain pilots

The salary adjustment in early this month has become the strongest pay modification of Vietnam Airlines, in which the pilot’s salaries increase by 20 percent.

Scarcity of duty-free import cars remains despite surpassing harness straps

In spite of overcoming tightened harness straps of pollution emission and customs inspection specified in Decree No. 116, the number of duty-free cars imported from ASEAN remains still very limited, causing Vietnamese buyers unable to buy low-cost car in this month as expected.

Singaporean fund suffered big loss before withdrawing from Vinasun

The Singapore-based GIC Pte Ltd has suffered a loss of VND120 billion or $5.27 million, equivalent to 60 per cent of value on its four-year investment in the taxi firm Vinasun.

Coteccons targets merger to reach $3 billion revenue

In the context of a decelerating revenue, the mergers of related companies and the shift to larger value-added businesses may be the potential drivers contributing to Coteccons’ growth in the medium term.

Mekong Capital pours investment into Vietnam's largest mattress distributor

Although the investment value has not been disclosed yet, the Mekong Enterprise Fund III, a subsidiary of Mekong Capital, typically targets investments ranging from $8 to $15 million to make both minority and buy-out investments.

Pressure of Basel II pushes banks to increase charter capital

The State Bank of Vietnam recently approved two leading commercial banks, namely VPBank and MB to raise its charter capital, the move being considered as necessity to increase their competitiveness and satisfy with standards of Basel II to control risks of credit, market and operation.

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