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Vinhomes aims for $1.4 billion profit this year

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

Samsung becomes the largest Vietnamese firm whilst Vingroup tops the biggest Vietnamese private ones

Vietnam Report Joint Stock Company (Vietnam Report) has just released two lists of top 500 largest Vietnamese enterprises and top 500 largest Vietnamese private enterprises in 2017 with top placements belonging to Samsung and Vingroup, respectively.

Vinalines eyes strategic partnership with a Belgian firm in its equitization plan ahead

According to information from Vietnam National Shipping Lines (Vinalines), the Belgian firm Rent A Port is considering the possibility of buying ten per cent of Vinalines' chartered capital when this corporation conducts IPO (initial public offering).

Viettel achieved record profit of nearly US$1.7 billion in the first 11 months, far surpassing Mobifone

According to the representative of the Military Telecom Corporation (Viettel), the Corporation’s revenue in November reached more than VND20,367 billion (US$898 million) and the revenue accumulated to November was VND218,916 billion (US$9,65 billion).

The State to divest a 65 per cent stake out of nearly US$100 million in its equitization scheme of Hapro to strategic investors

Deputy Prime Minister Vuong Dinh Hue has approved the equitization plan of Hanoi Trade Corporation (Hapro) and Hapro's charter capital after equitization is estimated at VND2.2 trillion (US$97 million) accordingly.

An influx of major Japanese retailers heats up Vietnam’s service market

The influx of numerous famous retailers from Japan has intensified the race in Vietnam’s service sectors, especially retail and household appliances business.

THACO becomes a new General Distributor for FUSO Products in Vietnam, replacing Mercedes-Benz Vietnam

Mitsubishi Fuso Truck and Bus Corporation (MFTBC), part of Daimler Trucks Asia, announced Truong Hai Auto Corporation (THACO) as its general distributor in Vietnam, replacing Mercedes-Benz Vietnam (MBV) as the wholesale distributor and local assembly partner for FUSO products.

The Polish Adamed Group invests US$50 million in a local pharmaceutical firm

The Adamed Group has acquired the controlling portion of shares in Dat Vi Phu Pharmaceutical Co. Ltd (Davipharm), Vietnam’s fastest-growing pharmaceutical company, marking the largest direct Polish investment in Vietnam to-date, according to the information just released by Adamed Group.

Cushman & Wakefield cites prominent trends shaping the retail market

According to Cushman & Wakefield, one of leading global real estate services firms, retail locations that allow credit cards should be more prevalent as tourists long for fast shopping experience.

Electricity prices increased by 6.08 per cent from December 01 worrying people and firms

According to the Ministry of Industry and Trade (MoIT), from December 01, 2017, the average retail price of electricity is raised to VND1,720.65 (US$0.08) per kWh, up 6.08 per cent compared to the current average electricity price of VND1,622.01 (US$0.07) per kWh, which worries the people and enterprises.

Companies still confiding about output growth despite a slide of the purchasing managers' index

The Nikkei Vietnam Manufacturing Purchasing Managers' Index, or PMI, a composite single-figure indicator of manufacturing performance, fell to 51.4 in November from October's 51.6.

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Chinese corporations expand investment in Vietnam

2

Vietnam in a new FDI shift

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