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US based toothpaste firm suffers $11 million loss in Vietnam

US based toothpaste firm suffers $11 million loss in Vietnam

In the oral care market, the US based toothpaste company Colgate-Palmolive Vietnam is facing fierce competition from P/S and Closed Up and many other specialized brands.

VietinBank lags behind in race among the state-owned banks

Vietnamese exporters can learn from the costly Ting Hsin scandal

Vinaconex becomes a member of An Quy Hung

An Quy Hung Company Limited has paid the State Capital Investment Corporation, the previous owner of Vinaconex, over $316 million to acquire nearly 58 per cent of Vinaconex’s shares.

Orion Vina enjoys huge profits from ChocoPie sales

In 2018, Orion Vina has still retained the growth since previous years. The company reported the nine-month revenue of 151.9 billion won, equivalent to $150 million.

BIDV maps out plan to transfer 15 per cent stake to Korean strategic investor

Joint Stock Commercial Bank for Investment and Development of Vietnam has recently announced its specific plan on issuance of 600 million new shares to Korean based KEB Hana Bank to raise its charter capital.

Wyndham to run two gold-plated hotels in Hanoi and Hoi An

Hoi An Golden Sea and Hanoi Golden Lake will open their doors by late 2019 and 2020.

Vietcombank is no longer major shareholder of MBBank and Eximbank

Vietcombank's shareholding in MBBank and Eximbank has dropped to less than five per cent in compliance with the regulations of the State Bank of Vietnam.

ADB provides $300 million loan to BIDV to support local small and medium sized enterprises

This is the largest commercial loan that the Asian Development Bank has provided to an Asian commercial bank so far.

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.

Vietinbank plans to sell $441-million project in Ciputra urban area

Due to the restricted investment capital and the underexploited project, Vietinbank has asked its shareholders for the partial or whole transference of Vietinbank Tower project.

VEAM's stock hikes thanks to profits of Honda, Toyota and Ford joint ventures

Viet Nam Engine and Agricultural Machinery Corporation, one of the largest companies in the field of engineering, machinery manufacturing, truck assembly and manufacturing has attained strong profits, mainly attributed to successes of its joint ventures with Honda, Toyota and Ford car makers.

Korean investment funds suffer from Vietnam’s gloomy stock market

Korea Investment Trust Management Co., Limited has raised billions of dollars to invest in Vietnam's stock market since late last year, but the market has not maintained the growth as expected.

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