Cargill to open major Vietnam animal nutrition plant in September
U.S.-based agribusiness giant Cargill will launch its newest Vietnam manufacturing facility in the third week of September, bolstering its commitment to long-term investment in the country.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam fintech firm MFast grabs $6 mln in Series A funding round
Ho Chi Minh City-based fintech firm MFast said Tuesday it has raised $6 million in a Series A funding round which was led by Wavemaker Partners.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
BYD acquires giant Jabil’s mobility business for $2.2 bln
Electric vehicle maker BYD’s electronics arm, which operates a Vietnam plant making products and components for Apple, has agreed to buy U.S.-based manufacturing firm Jabil’s mobility business in China for around $2.2 billion.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s first unicorn startup VNG files to go public in US
Tech major VNG Corp., Vietnam’s first unicorn startup, has filed for an initial public offering (IPO) in the U.S. while it is expanding business.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Taiwan cooling module maker to expand investment in Vietnam
Taiwan’s cooling module maker Asia Vital Components (AVC) plans to expand investment and production in Vietnam to meet growing demand from its U.S. customers.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Competition heats up as foreign retailers remain keen on Vietnam market
The slowdown in economic growth and presence of domestic competitors have not dimmed Vietnam’s retail potential in the eyes of foreign players seeking a foothold in the market.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Long An province ticks all the right boxes for Japan firms
Long An province bordering Ho Chi Minh City is an ideal location for business expansion beyond Japan, Japanese businesses said on Friday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Retail giant Lotte opens $250 mln mega mall in Hanoi
South Korea's Lotte Shopping opened a $250 million mega commercial complex in Hanoi Friday as part of Lotte Group’s continuous investment expansion in Vietnam.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Expanding foreign e-commerce firms outperform Vietnamese rivals
Foreign-invested firms in the Vietnamese e-commerce sector have taken control of the market, placing heavy pressure on their homegrown competitors.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
JBIC, Mizuho Bank provide $41 mln loans to retailer Aeon Vietnam
Two Japanese leading lenders - the Japan Bank for International Cooperation (JBIC) and Mizuho Bank - said they are providing Aeon Vietnam with a total of $41 million in loans.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nippon Express ramps up expansion in Vietnam
Nippon Express (Vietnam) Co. will continue to expand its services to meet the diversifying logistics needs of customers in the rapidly growing Vietnamese market, its parent company Nippon Express Holdings said.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam economy forecast to grow 7% in H2, after 3.7% in H1
The Vietnamese economy is expected to expand by 7% year-on-year in the last six months of this year, much stronger than the first half’s 3.72%, Standard Chartered Bank forecast.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Philippines port management firm launches new service to Vietnam
Subic Bay International Terminals (SBITC) of the Philippines announced Tuesday that it has launched a new service that expands the Port of Subic’s connectivity to Vietnam and southern China.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Major S Korean banks keen on Vietnam expansion
Six South Korean banks are waiting for the State Bank of Vietnam’s approval to upgrade and expand their presence in the country.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam-South Korea business ties to strengthen at landmark forum
South Korean companies, including global giants Samsung, LG, and SK Group, will attend the Vietnam-Korea business forum in Hanoi on June 24 along with more than 200 other firms to further expand bilateral economic ties.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai healthcare firm THG expands investment to Vietnam
Thailand’s Thonburi Healthcare Group (THG) has co-invested in the construction of a 170-million-baht ($4.9 million) wellness clinic in Ho Chi Minh City to serve wealthy customers in Vietnam.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
IFC okays $20 mln to help GS25 expand convenience store system
International Finance Corporation (IFC) has approved a $20 million investment in the GS25 convenience store system in Vietnam to fuel the chain’s expansion over the next two years.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
ACV seeks contractors to expand Dien Bien airport in northern Vietnam
The Airports Corporation of Vietnam (ACV) has announced its plan to select contractors to expand the Dien Bien airport in Dien Bien province, with a total investment of more than VND1,467 billion ($62.24 million).
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
National Australia Bank keeps expanding investment in Vietnam
National Australia Bank (NAB) continues to grow its investment in Vietnam, increasing its workforce by around 92% over the past 12 months across Ho Chi Minh City and Hanoi, it announced Friday.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
F88 nets $50 mln prior to IPO set for 2024, seeks more funding
Vietnamese consumer finance firm F88 has raised a series C investment of $50 million led by Vietnam-Oman Investment Fund and Mekong Enterprise Fund IV to further expand its distribution network nationwide and digital business ahead of an initial public offering planned next year.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apple supplier Foxconn to expand Vietnam production
Taiwanese tech giant Foxconn, the main assembler of Apple's iPhones, is expected to expand manufacturing in Vietnam and India, Taiwan Ratings of S&P Global said.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Turkish hotel group wants to develop six brands in Vietnam
Continent Worldwide Hotels has signed a master franchise and development agreement with Ritz International Co. to introduce and develop the Turkey-based hotel management firm’s six brands in Vietnam.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Ride-hailing firm scores $60 mln Deutsche Bank expansion loan
Deutsche Bank AG has provided Vietnam’s Be Group, a Grab and Gojek rival, with a loan facility of at least $60 million to expand its ride-hailing, food delivery, and digital banking services.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Expand Phan Thiet town to the north and west: PM
Binh Thuan province should think of enlarging Phan Thiet to build on its international popularity as a beach resort destination, Prime Minister Pham Minh Chinh said Wednesday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
US chip giant Synopsys shifts engineer training to Vietnam
Synopsys, Inc. is re-directing its operations to avoid a China-U.S. tech war by moving part of its engineer training venture to Vietnam.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Former Japan PM Abe passes away after shooting
Japan's former Prime Minister Shinzo Abe died Friday after being shot while campaigning for a parliamentary election, Japanese broadcaster NHK said.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
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Korean chaebol SK okayed to study investment in central Vietnam LNG-to-power plant
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- Editor’s Picks
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Korean chaebol SK okayed to study investment in central Vietnam LNG-to-power plant
-
Vietnam gov’t irons out incentives for rooftop solar development
-
Citibank, ING lend PV Power $300 mln to develop Vietnam's first two LNG plants
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Vietnam deposit interest rates pick up after year in hibernation
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Multinational home tool firm Techtronic to invest $650 mln in Vietnam