ASEAN, China, Hong Kong cooperate for first time in textile industry
The China National Textile and Apparel Council, the ASEAN Federation of Textile Industries (AFTEX), the Textile Council of Hong Kong, and the Hong Kong General Chamber of Textiles (HKGCOT) signed their first memorandum of understanding on cooperation at a ceremony in Hong Kong on Thursday.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam third largest market for Hong Kong-based Coca-Cola bottler
Hong Kong-based Swire Pacific, a Coca-Cola bottler, says Vietnam sales of 155 million unit cases in 2023 made the country the company’s third largest market in the world.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Guotai Junan Securities Vietnam to double capital base for margin lending
Hanoi-based Guotai Junan Securities (Vietnam) JSC, 50.97% owned by Hong Kong’s Guotai Junan Securities, has approved a plan to double its charter capital, aiming to scale up its margin lending.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Northern Vietnam province licenses 4 Hong Kong investments worth $13 mln
Hai Duong province granted investment certificates to nine projects on Monday, including four invested by Hong Kong firms with a total registered capital of $13 million.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Coca-Cola earns $439 mln from refranchising Vietnam bottling operations in 2023
The Coca-Cola Company earned $439 million from refranchising its bottling operations in Vietnam in 2023, the beverage giant said in a performance review.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apparel giant Crystal eyes $200 mln investment in northern Vietnam
Hong Kong-based group Crystal International plans to invest $200 million in Vietnam’s northern province of Nam Dinh to manufacture cloth, fiber, and garments.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
BW Industrial begins building 10th project in 2023 in Hai Phong city
BW Industrial Development JSC, a leading logistics and industrial real estate developer in Vietnam, kicked off the construction of a project in Hai Phong city on Thursday.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Central Vietnam province to license 4 FDI projects worth $69 mln
The central province of Quang Ngai will grant investment certificates later this month to four foreign direct investment (FDI) projects worth $69.3 million and two project expansions worth $10.8 million.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Samsung partner QTech plans $430 mln investment in central Vietnam
QTech, a camera maker based in Hong Kong plans to invest $430 million in Nghe An province, a delegation from the firm told local authorities at a Monday meeting.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hong Kong aviation firm Haeco eyes northern Vietnam investment
Hong Kong-based aviation firm Haeco Group plans to invest in a host of facilities including a cargo terminal and aircraft repair hangar in the northern province of Quang Ninh.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam financial services firm F88 secures $50 mln loan for expansion
F88, a Vietnamese financial services business, has secured a private loan of $50 million from Lending Ark Asia Secured Private Debt Fund under the Hong Kong-based CLSA Capital Partner.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
HSBC, Shinhan Bank, UOB record strong earnings in Vietnam
Foreign banks HSBC, Shinhan Bank and UOB posted strong performances in Vietnam in the first half of this year, according to their half-year reports.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Swire Coca-Cola posts $237 mln revenue from Vietnam in H1
Hong Kong-based Swire Coca-Cola acquired the entire Coca-Cola bottling business in Vietnam in January and then posted a revenue of HKD1,856 million ($237.4 million) from Vietnam operation in the first half of 2023.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Instant noodles pioneer Nissin Foods purchases Vietnam unit for $9.5 mln
Hong Kong-incorporated Nissin Foods announced Thursday the acquisition of a 67 percent stake in instant noodles maker Nissin Vietnam for $9.5 million.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hong Kong invested EV Cargo enters Vietnam
EV Cargo, an international freight forwarding and supply chain service company, has begun its Vietnam operations with an office in Ho Chi Minh City.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Greater Bay Airlines to launch Hong Kong-HCMC service in July
Hong Kong-based low-cost carrier Greater Bay Airlines has announced the addition of Ho Chi Minh City, Vietnam’s economic powerhouse, as the sixth destination to its expanding network, starting July 18, 2023.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
China electronics firm DBG inaugurates $80 mln factory in northern Vietnam
DBG Technology Vietnam, under Hong Kong-based DBG Electronics Investment Limited, inaugurated a $80-million factory in the northern province of Thai Nguyen on Wednesday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hong Kong firm aims to invest $100 mln in aircraft service in Dong Nai province
Hong Kong-headquartered Haeco Group aims to invest $100 million in the first phase of an aircraft service project in Vietnam’s southern province of Dong Nai, with about 1,000 employees.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Global minimum tax and solutions for Vietnam to protect budget, investment attraction
The Global Minimum Tax is approaching and Vietnam needs to take drastic action so the country is not left behind, write country tax leader Thomas McClelland and tax partner Vu Thu Nga of Deloitte Vietnam.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
$100 mln electric motorbike project to take shape in Bac Giang province
Hong Kong-based Yadea Technology Group Co. Ltd will build a $100-million electric motorbike manufacturing plant in Bac Giang province under a memorandum of understanding signed with Tan Hung Industrial Park developer Lideco 1 JSC on Saturday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thaco ships 300 Peugeot motorbikes to regional markets
Vietnamese conglomerate Thaco exported a batch of 300 Peugeot Django 150cc motorcycles to the Philippines, Indonesia, Hong Kong, and Cambodia last Friday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hong Kong firm builds $200 mln electronics plant in central Vietnam
Everwin Precision Hong Kong Co. Ltd. is set to start the construction of its $200 million electronic parts factory in Nghe An on Thursday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam keeps up with rising Asian wealth: HSBC
Over two million Vietnamese adults would own at least $500,000 each by the end of the decade, surpassing even Singaporeans, HSBC said in a new report.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Acquisition of Coke bottling business to attract millions in taxes: taxman
Acquisition of the Coca-Cola bottling operations in Vietnam by Hong Kong-based Swire Pacific could attract millions of dollars in taxes in line with the law, a Vietnamese tax expert says.
Companies - 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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Vietnam gov’t irons out incentives for rooftop solar development
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