Fed rate hikes challenge Vietnam’s FDI attraction drive

Fed rate hikes challenge Vietnam’s FDI attraction drive

Executive Talk - Wed, September 28, 2022 | 3:05 pm GTM+7

International institutions have lowered their global 2023 growth forecasts following the Fed’s interest rate hikes. Experts fear that investment flows worldwide would leave emerging markets for developed countries. The Investor talks with Professor Nguyen Mai, chairman of the Vietnam Association of Foreign-Invested Enterprises (VAFIE), about possible impacts on Vietnam.

Made-in-Vietnam Apple products to rise significantly by 2025: JP Morgan

Made-in-Vietnam Apple products to rise significantly by 2025: JP Morgan

Vietnam will make 65% of tech giant Apple’s AirPods earphones, 5% of MacBook laptops, and 20% of iPad tablets and Apple Watch smart watches by 2025, says JP Morgan.

Companies - Fri, September 23, 2022 | 1:09 pm GTM+7

Mercedez-Benz to assemble AMG C43 sports cars in Vietnam

Mercedez-Benz to assemble AMG C43 sports cars in Vietnam

Mercedes-Benz Vietnam CEO Bradley Kelly says the company will assemble, for the first time, the famous sports sedan Mercedes-AMG C43 in the country next year.

Companies - Fri, September 23, 2022 | 8:58 am GTM+7

Infrastructure developer Idico spends $4.2 mln on electricity production firm

Infrastructure developer Idico spends $4.2 mln on electricity production firm

Idico Corporation - JSC, Vietnam's leading industrial park real estate company, has spent VND100 billion ($4.22 million) on setting up an electricity production company.

Companies - Thu, September 22, 2022 | 8:56 pm GTM+7

Vietnam’s Lilama secures deal with German firm to facilitate US hydrogen facility

Vietnam’s Lilama secures deal with German firm to facilitate US hydrogen facility

Vietnamese industrial engineering company Lilama has signed an agreement with Germany's Thyssenkrupp Nucera to make two large-scale water electrolysis standard modules for a green liquid hydrogen factory in the U.S.

Companies - Thu, September 22, 2022 | 5:16 pm GTM+7

Jewellery maker PNJ posts $53 mln profit in 8 months

Jewellery maker PNJ posts $53 mln profit in 8 months

Phu Nhuan Jewellery JSC, Vietnam's largest jewelry retailer, reported an after-tax profit of VND1,246 billion ($52.55 million) in the first eight months of 2022, up 99.4% year-on-year.

Companies - Thu, September 22, 2022 | 4:45 pm GTM+7

Vietnam Railways records $1.25 mln H1 loss

Vietnam Railways records $1.25 mln H1 loss

Vietnam Railways has reported a loss of VND29.7 billion ($1.25 million) in the first half of the year and expects the annual figure to reach VND570 billion ($24.1 million).

Companies - Thu, September 22, 2022 | 10:29 am GTM+7

Viettel leads pack as top 3 Vietnam brands valued at $14.5 bln

Viettel leads pack as top 3 Vietnam brands valued at $14.5 bln

Telecom giant Viettel is Vietnam’s most valuable brand at $8.8 billion, followed by VNPT ($2.9 billion) and dairy firm Vinamilk ($2.8 billion), according to brand valuation consultants Brand Finance.

Companies - Wed, September 21, 2022 | 7:01 pm GTM+7

Samsung Vietnam reports $1.18 bln in Q2 profit

Samsung Vietnam reports $1.18 bln in Q2 profit

South Korean tech giant Samsung’s four subsidiaries in Vietnam earned profits of KRW1,652 billion ($1.18 billion) in the second quarter, up 40.42% year-on-year.

Companies - Wed, September 21, 2022 | 5:06 pm GTM+7

Vietnam’s Nutifood acquires 51% stake in Swedish food firm Cawells

Vietnam’s Nutifood acquires 51% stake in Swedish food firm Cawells

Vietnamese nutritional products maker Nutifood has acquired a controlling 51% stake in food company Cawells to further improve its Sweden-based ecosystem.

Companies - Wed, September 21, 2022 | 4:08 pm GTM+7

Vietnam consumer trends favor US F&B products: retailer

Vietnam consumer trends favor US F&B products: retailer

The Vietnamese market of almost 100 million people presents significant potential for U.S. food and beverage exports as customers focus more on safety and quality, a retail executive said Tuesday.

Companies - Tue, September 20, 2022 | 3:46 pm GTM+7

Vietnam Electricity loses $701 mln in first half

Vietnam Electricity loses $701 mln in first half

State utility Vietnam Electricity (EVN) reported a consolidated loss of VND16,586 billion ($701 million) in the first six months of the year as the price of fuel for electricity production like coal, oil and gas sharply increased.

Companies - Mon, September 19, 2022 | 10:58 pm GTM+7

Boeing urges suppliers to open shop, invest more in Vietnam

Boeing urges suppliers to open shop, invest more in Vietnam

Aviation giant Boeing is encouraging its major suppliers to invest more or set up shop in Vietnam, partnering with Vietnamese companies to complete supply chains.

Companies - Sat, September 17, 2022 | 9:53 pm GTM+7

Circular economy helps businesses optimize value chains: Vinamilk executive

Circular economy helps businesses optimize value chains: Vinamilk executive

Developing circular economy is critical to businesses as it helps them optimize their value chains, says an executive from Vinamilk, the largest dairy company in Vietnam.

Companies - Sat, September 17, 2022 | 8:07 am GTM+7

Vietnam, China Southern Airlines sign comprehensive partnership

Vietnam, China Southern Airlines sign comprehensive partnership

Vietnam Airlines and China Southern Airlines signed Thursday an agreement on comprehensive partnership featuring cooperation in commerce, service, technique, and flight experiences.

Companies - Fri, September 16, 2022 | 4:35 pm GTM+7

VinFast, Ahamove launch electric scooter delivery service

VinFast, Ahamove launch electric scooter delivery service

Vietnamese automaker VinFast and delivery service Ahamove have teamed up to launch AhaFast, Vietnam’s first technology-based delivery service on electric scooters.

Companies - Fri, September 16, 2022 | 9:35 am GTM+7

Airbus to deliver 50 narrow-body aircraft to Vietnam Airlines from 2025

Airbus to deliver 50 narrow-body aircraft to Vietnam Airlines from 2025

Airbus S.A.S should deliver narrow-body aircraft to Vietnam Airlines from 2025 to boost the carrier's recovery and growth post pandemic, said a state capital management official.

Companies - Thu, September 15, 2022 | 8:04 pm GTM+7

Agri major Hoang Anh Gia Lai posts net profit of $33 mln in 8 months

Agri major Hoang Anh Gia Lai posts net profit of $33 mln in 8 months

Agricultural giant Hoang Anh Gia Lai JSC earned net profits of VND781 billion ($33 million) on net revenues of VND2,708 billion ($115 million) in the first eight months of the year.

Companies - Thu, September 15, 2022 | 8:11 am GTM+7

Shopee, Tiki, Lazada to pay taxes on behalf of sellers

Shopee, Tiki, Lazada to pay taxes on behalf of sellers

E-commerce platforms like Shopee, Tiki, and Lazada will declare and pay taxes on behalf of partner sellers, according to a Ministry of Finance proposal.

Companies - Tue, September 13, 2022 | 3:25 pm GTM+7

VinFast delivers just 5 electric vehicles in August

VinFast delivers just 5 electric vehicles in August

Vietnamese automaker VinFast delivered just five VF e34 electric vehicles to customers in August due to a shortage of components, according to a company report.

Companies - Tue, September 13, 2022 | 10:32 am GTM+7