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Vinhomes aims for $1.4 billion profit this year

This ambitious target comes as the company anticipates substantial contributions from several key projects slated for unveiling in the latter half of the year

Novaland strikes deal to convert bonds to shares, easing debt pressures

Novaland battles debt woes despite restructuring drive

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.

Big4 of audit services EY, PwC, Deloitte and KPMG earned minors in main sector

Together with providing auditing service, Big Four also participates in other professional activities such as offering consultancy for investment procedures, tax, legal issue and other financial activities, which account for the major part of Big4’s revenue.

Tan Hiep Phat corporation's profit disclosed to come to personal financial deals

The soft drink and non-alcoholic beverage corporation Tan Hiep Phat seems to use most of its business profit for personal financial activity in which a big cash flow has been circulated through banks to attain interest rate difference for its owner and his relatives.

Foreign owners of casino projects are shaping fledgling gaming industry

In the context of a thriving tourism industry with a rapid growing number of international visitors, the emerge of big casino business service projects owned by Banyan Tree Holdings, Suncity or Las Vegas Sands is one of the crucial strategy to harvest from overseas tourists.

Breaking turns for local online retailer Tiki: to go public or to be acquired

One of Tiki's leaders said that in the next three to five years, the company would probably have to decide to either take initial public offering or be acquired by another company.

Lotte Vietnam copes with paying land rent of $8.2 million in lump sum

Lotte has been accused of illegaly using land to build commercial center in Ba Ria - Vung Tau province, since 2014 to date, without paying land rent and owning a certificate of land use rights, according to the Government Inspectorate.

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