Vietnam’s Vinhomes fulfils 67% of record buyback plan

Vietnam’s Vinhomes fulfils 67% of record buyback plan

Vinhomes, the housing development arm of conglomerate Vingroup, has purchased back 246.98 million shares, meeting 66.75% of the plan and accounting for 5.7% of the outstanding volume.

Finance - Thu, November 21, 2024 | 8:43 pm

Vietnam’s Vingroup establishes robotics firms, with co-founder’s 2 sons as major shareholders

Vietnam’s Vingroup establishes robotics firms, with co-founder’s 2 sons as major shareholders

Vingroup, Vietnam’s largest private conglomerate by ecosystem, has set up a robotics unit as it moves to ramp up its industrial-high technology ecosystem.

Companies - Wed, November 20, 2024 | 6:17 pm

Vingroup’s hospitality arm Vinpearl becomes public company as part of listing plan

Vingroup’s hospitality arm Vinpearl becomes public company as part of listing plan

Vinpearl JSC, a hospitality subsidiary of conglomerate Vingroup, has completed its registration as a public company, the State Securities Commission of Vietnam (SSC) said on Friday.

Companies - Sun, November 17, 2024 | 9:00 am

Vinhomes spends $276 mln on buying back 162 mln shares, more than half to go

Vinhomes spends $276 mln on buying back 162 mln shares, more than half to go

Vinhomes, the largest housing developer in Vietnam, has spent around VND7 trillion ($275.7 million) on implementing its record buyback plan since kick-starting it on October 23.

Finance - Sat, November 16, 2024 | 1:21 pm

VinFast CEO-owned firm secures extra deal to lease EVs to ride-hailing firm

VinFast CEO-owned firm secures extra deal to lease EVs to ride-hailing firm

A taxi service provider based in Vietnam’s central province of Binh Dinh will lease 1,000 VinFast electric cars from an electric vehicle (EV) leasing firm that is 90% owned by billionaire Pham Nhat Vuong, the CEO of the Vietnamese carmaker.

Companies - Fri, November 15, 2024 | 8:35 pm

EV maker VinFast secures extra $3.4 bln funding from founder, Vingroup

EV maker VinFast secures extra $3.4 bln funding from founder, Vingroup

VinFast, the electric vehicle (EV) arm of Vietnam's private conglomerate Vingroup, is set to receive financial aids of VND85 trillion ($3.36 billion) from its parent firm and Vingroup chairman-founder Pham Nhat Vuong.

Companies - Wed, November 13, 2024 | 10:54 am

VinFast best-selling vehicle brand in Vietnam

VinFast best-selling vehicle brand in Vietnam

VinFast, the electric vehicle (EV) arm of Vietnam's private conglomerate Vingroup, delivered over 51,000 units in Vietnam in the first 10 months of this year, making it the best-selling brand in the country.

Companies - Tue, November 12, 2024 | 3:32 pm

Vietnam’s Vingroup, UAE's NMDC to collaborate in offshore wind power

Vietnam’s Vingroup, UAE's NMDC to collaborate in offshore wind power

Vietnam’s leading conglomerate Vingroup and the UAE-based NMDC Group will collaborate in offshore wind power, the latter said in a recent filing sent to the Abu Dhabi Securities Exchange (ADX).

Energy - Mon, November 4, 2024 | 4:20 pm

Vingroup posts Q3 earnings of $80 mln, highest in five years

Vingroup posts Q3 earnings of $80 mln, highest in five years

Vingroup, the largest private multi-industry conglomerate in Vietnam by ecosystem, recorded a consolidated net profit of VND2,015 billion ($79.54 million) in Q3/2024, the heftiest quarterly earnings in the past five years.

Companies - Fri, November 1, 2024 | 11:54 am

Vietnam conglomerate Vingroup, UAE partner seek to build $3.5 bln data center

Vietnam conglomerate Vingroup, UAE partner seek to build $3.5 bln data center

Vietnam’s leading conglomerate Vingroup and the Middle East-focused Benya Technologies will jointly explore opportunities to invest in a $3.5 billion data center in Vietnam.

Industries - Wed, October 30, 2024 | 3:43 pm

Vietnam's private giant Vingroup launches VinVentures capital fund

Vietnam's private giant Vingroup launches VinVentures capital fund

Vingroup has launched a capital fund named VinVentures which is dedicated to investing in high-impact technology startups, with assets under management worth $150 million.

Finance - Mon, October 28, 2024 | 2:07 pm

Vingroup chairman establishes EV driver training and testing firm

Vingroup chairman establishes EV driver training and testing firm

Billionaire Pham Nhat Vuong, chairman of Vingroup - one of Vietnam’s largest private conglomerates, on Thursday announced the establishment of VinDT JSC, which provides Vietnam's first electric vehicle driver training and testing services.

Companies - Thu, October 24, 2024 | 5:42 pm

Vinhomes buys 19 mln shares on first day of record-breaking buyback scheme

Vinhomes buys 19 mln shares on first day of record-breaking buyback scheme

Vinhomes JSC, the residential housing arm of private conglomerate Vingroup, bought 19.12 million shares on Wednesday, the first day of its largest-ever buyback plan on Vietnam’s stock market.

Finance - Thu, October 24, 2024 | 4:40 pm

EV maker VinFast issues this year's second bond batch worth $157.5 mln in Vietnam

EV maker VinFast issues this year's second bond batch worth $157.5 mln in Vietnam

Hai Phong city-based electric vehicle (EV) manufacturer VinFast has raised another VND4 trillion ($157.45 million) worth of bonds in Vietnam as the company needs capital for its ambitious expansion plan.

Companies - Wed, October 23, 2024 | 9:40 am