Techcombank plans 10% stake issue to foreign strategic investors

Techcombank plans 10% stake issue to foreign strategic investors

Major Vietnamese private lender Techcombank plans to issue a 10% stake to overseas strategic investors, given its current self-capped foreign ownership of 22%, said chairman Ho Hung Anh.

Companies - Sun, April 21, 2024 | 10:47 am GTM+7

AHK Vietnam appoints new chief

AHK Vietnam appoints new chief

Peter Kompalla has been appointed chief representative of the Delegation of German Industry and Commerce in Vietnam (AHK Vietnam).

Companies - Sun, April 21, 2024 | 5:33 am GTM+7

Vietnam a major source market for international buyers: trade ministry

Vietnam a major source market for international buyers: trade ministry

Big Lots of the US, Mexico’s Coppel and Venezuela's Latiquim are among major buyers looking to set up offices, find partners or directly purchase Vietnamese products, according to Vietnam's Ministry of Industry and Trade.

Companies - Sat, April 20, 2024 | 9:17 am GTM+7

Bamboo Capital posts 11-fold increase in Q1 after-tax profit

Bamboo Capital posts 11-fold increase in Q1 after-tax profit

Vietnamese conglomerate Bamboo Capital Group recorded an after-tax profit of VND98.2 billion ($3.85 million) on net revenues of VND985.4 billion ($38.7 million) in Q1/2024.

Bamboo Capital - Fri, April 19, 2024 | 3:59 pm GTM+7

Gemadept offloads port in Hai Phong to logistics firm Vietsun

Gemadept offloads port in Hai Phong to logistics firm Vietsun

Gemadept Corporation, one of the leading port and logistics firms in Vietnam, has sold its entire stake in Nam Hai Port JSC in Hai Phong city to Nhat Viet JSC, aka Vietsun Lines.

Companies - Fri, April 19, 2024 | 10:17 am GTM+7

FPT Retail to build 'healthcare ecosystem'

FPT Retail to build 'healthcare ecosystem'

FPT Digital Retail JSC, known as FPT Retail, intends to conduct a private placement, offering no more than 10% of its Long Chau pharmacy chain shares, in a bid to build a healthcare ecosystem.

Companies - Thu, April 18, 2024 | 4:09 pm GTM+7

EV maker VinFast posts 270% revenue growth in Q1

EV maker VinFast posts 270% revenue growth in Q1

Vietnamese electric vehicle (EV) maker VinFast on Wednesday reported revenue growth of 269.7% year-on-year to $302.6 million in the first quarter of 2024.

Companies - Thu, April 18, 2024 | 9:29 am GTM+7

Foreign investors buy $33 mln worth of industrial park developer Idico’s shares since early this year

Foreign investors buy $33 mln worth of industrial park developer Idico’s shares since early this year

Foreign investors have net bought IDC shares of Vietnam’s leading industrial park developer Idico to the tune of VND846.9 billion ($33.3 million) since the beginning of this year, according to Vietcap Securities.

Companies - Thu, April 18, 2024 | 8:00 am GTM+7

Kazakhstan’s Kusto, Vietnam builder Coteccons team up for $200 mln investment

Kazakhstan’s Kusto, Vietnam builder Coteccons team up for $200 mln investment

Kazakhstan-headquartered multi-sector firm Kusto Group has entered into a partnership with Vietnamese builder Coteccons to invest up to $200 million in Vietnam.

Companies - Wed, April 17, 2024 | 5:03 pm GTM+7

Foreign units prioritize purchases of Vietnamese rice, coffee: association

Foreign units prioritize purchases of Vietnamese rice, coffee: association

Vietnam is one of the world's major producers of rice and coffee, and international partners are prioritizing the procurement of Vietnamese products, according to Ly Kim Chi, chairman of the Food and Foodstuff Association of Ho Chi Minh City.

Companies - Wed, April 17, 2024 | 4:37 pm GTM+7

Jewelry major PNJ targets 6% after-tax profit growth

Jewelry major PNJ targets 6% after-tax profit growth

Vietnam’s Phu Nhuan Jewelry JSC has targeted VND2.09 trillion ($82.33 million) in after-tax profit this year, up 6% from 2023, setting a new record for the firm.

Companies - Wed, April 17, 2024 | 3:55 pm GTM+7

Vietnam needs to build more highways: logistics firm exec

Vietnam needs to build more highways: logistics firm exec

Vietnam's logistics industry has made remarkable progress, but logistics costs in the country are still higher than the world average, increasing business expenses and reducing competitiveness. Alexander Olsen, CEO of ITL Freight Management & VP Group Commercial of ITL Corporation, talks with The Investor about the industry landscape and how ITL reduces costs and makes a difference.

Executive Talk - Wed, April 17, 2024 | 2:36 pm GTM+7

LG Display posts $115 mln net income in Vietnam in 2023

LG Display posts $115 mln net income in Vietnam in 2023

LG Display Vietnam Haiphong Company, under LG Display - a subsidiary of South Korean chaebol LG, posted a net income of KRW159.1 billion ($114.9 million) in Vietnam in 2023.

Companies - Wed, April 17, 2024 | 2:05 pm GTM+7

DNSE Securities to go public by end-June: exec

DNSE Securities to go public by end-June: exec

Hanoi-based DNSE Securities JSC will have its shares listed on the Ho Chi Minh Stock Exchange (HoSE) in June this year at the latest, a company executive has confirmed.

Companies - Tue, April 16, 2024 | 7:17 pm GTM+7

Vietnam appreciates Apple investment, creation of 200,000 jobs: PM

Vietnam appreciates Apple investment, creation of 200,000 jobs: PM

Vietnam appreciates tech giant Apple’s investments that have generated 200,000 jobs and will set up a working group to further support its activities, Prime Minister Pham Minh Chinh said Tuesday.

Companies - Tue, April 16, 2024 | 4:12 pm GTM+7

Arrested businessman’s fingerprints cover Thuan An Group

Arrested businessman’s fingerprints cover Thuan An Group

Hanoi-based Thuan An Group JSC has grown rapidly thanks to winning construction contracts for projects across the country that bear the mark of 50-year-old businessman Nguyen Duy Hung.

Companies - Tue, April 16, 2024 | 11:24 am GTM+7

Vietnam steel magnate says excessive imports threaten domestic production

Vietnam steel magnate says excessive imports threaten domestic production

Rising steel imports are threatening domestic production, said Tran Dinh Long, chairman of Vietnamese steel producer Hoa Phat Group.

Companies - Mon, April 15, 2024 | 8:37 pm GTM+7

Pizza 4P’s makes $4.6 mln after-tax profit in 2023, up 38%

Pizza 4P’s makes $4.6 mln after-tax profit in 2023, up 38%

Pizza 4P's, a popular Vietnam-based pizza chain, earned post-tax profits of VND115.3 billion ($4.58 million) in 2023, up 38% year-on-year.

Companies - Mon, April 15, 2024 | 5:14 pm GTM+7

Warburg Pincus to invest in Xuyen A hospital chain in Vietnam

Warburg Pincus to invest in Xuyen A hospital chain in Vietnam

Warburg Pincus, one of the leading U.S. investment funds, will invest in Xuyen A, a major private hospital chain in Vietnam.

Companies - Mon, April 15, 2024 | 5:09 pm GTM+7