Power price hike forecast to hit industry profits

Power price hike forecast to hit industry profits

A retail electricity price hike of 3% could cut pre-tax profits in the steel industry by 15%, the paper industry by 2%, the cement industry by 13%, and the chemical industry by 1%, according to the South Korea-invested Mirae Asset Finance Company.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Tech unicorn VNG to sell over 7.1 million treasury shares next year

Tech unicorn VNG to sell over 7.1 million treasury shares next year

VNG, one of the four tech unicorns in Vietnam, will offer over 7.1 million treasury shares to BigV Technology Corporation at the price of VND177,881 ($7.5) per share in 2023.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

13 debt collectors arrested in HCMC for illegal, coercive methods

13 debt collectors arrested in HCMC for illegal, coercive methods

Thirteen employees of the South Korean-invested Mirae Asset Finance Company have been arrested by Ho Chi Minh City police for threatening and slandering customers in the debt collection process.

Society - Mon, Dec 22, 2021 | 11:30 am GMT+7

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