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Vietnam Airlines encounters difficulty due to high fuel prices

Vietnam Airlines encounters difficulty due to high fuel prices

The average fuel price in the third quarter rose by 37.5 per cent over the same period, which caused the total cost of Vietnam Airlines to increase higher than its total revenue.

Vietnam's mobile market heats up with foreign players

Despite being considered to reach a saturation point, the Vietnamese mobile market remains to be a fertile land which is experiencing a tough battle with dominance of foreign players across various market segments.

E-commerce marketplace Sendo enjoys $51-million investment

Sendo Technology JSC, the operator of online trading platform Sendo, announced that it has secured an investment of $51 million from existing partners and especially new investors namely SoftBank Ventures Korea, Daiwa PI Partners, and SKS Ventures.

Singapore's largest listed real estate PropNex sets presence in Vietnam

Under the agreement on master franchise, Singapore’s PropNex Realty will acquire 25 per cent of the issued and paid up share capital of PropNex Realty Vietnam at a nominal sum of US$1.

Moody's upgrades ratings of local banks

Moody's Investors Service, also known as Moody's, has just upgraded the long-term local and foreign-currency deposit and issuer ratings of the three leading joint stock commercial banks of Vietnam.

Asanzo plans to call for $21.5 million from its distributors

The leading domestic electronic manufacturer Asanzo is working out an initial public offering plan and mobilize a large amount of capital from its distributors in order to expand its current production scale and diversify products.

The Government to launch $86 million fund to finance start-ups

Start-ups will be provided with loans from the small and medium enterprise development fund with interest rates not exceeding 80 per cent of the lowest levels at commercial banks in which the State owns over 50 per cent of capital.

Thaco announces strategic cooperation with Hoang Anh Gia Lai

Truong Hai Automobile JSC (Thaco) owned by billionaire Tran Ba Duong has taken a further step in the field of agriculture after entering the strategic cooperation with Hoang Anh Gia Lai (HAGL) Group owned by Doan Nguyen Duc.

Low-cost carrier Jetstar Pacific sinks into losses

Jetstar Pacific, the first low-cost carrier in Vietnam, has repeatedly reported losses over the past few years with the accumulated loss of $184 million, exceeding its charter capital.

VinaCapital announces to terminate investment partnership with Ba Huan

VinaCapital affirmed that taking over Ba Huan Joint Stock Company has never been its intention or a part of its business strategies.

Asian market is targeted as Saigon Beer logo to adorn the Foxes' uniform

ThaiBev targets to promote Saigon Beer, commonly known as 'Bia Sai Gon', to the Asian market with passionate supporters of the English Premier League rather than the United Kingdom's market.

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