VinFast sold 3,600 automobiles in September only – its best monthly performance so far. In the same month, the manufacturer officially debuted its VinFast President SUV – a limited model designed exclusively available for the Vietnamese market only. 100 of the 500 vehicles were sold within the first month. … [Read more...] about Vingroup reports soaring revenue in third quarter
Apple quarterly earnings report
Domestic purchases, earnings hope to drive market: analysts
“Domestic purchasing power will keep propelling the market in the coming week and keep the market stable at 900 points or more,” Đinh Quang Hinh, VNDirect Securities’ head of macroeconomics and market strategy told Việt Nam News. … [Read more...] about Domestic purchases, earnings hope to drive market: analysts
Foreign streaming firms earn $43 mln in Vietnam, pay no tax: minister
Other Southeast Asian countries have also been making moves to tax Netflix and other Internet giants. Indonesia imposed a 10 percent value-added tax on sales on technology firms including Amazon, Netflix, Spotify, and Google in July, while Singapore has since January required subscribers to Netflix and other overseas digital services to pay a 7 percent goods and services tax. … [Read more...] about Foreign streaming firms earn $43 mln in Vietnam, pay no tax: minister
PV Gas reports post-tax profit of US$259 million in 9 months
Despite facing many disadvantages due to impacts caused by the COVID-19 pandemic, PV Gas still completed most of the main targets of the nine-month plans assigned by its parent firm PetroVietnam. Its production and financial targets exceeded the set plans by between 3-51 per cent, and between 7-64 per cent, respectively. … [Read more...] about PV Gas reports post-tax profit of US$259 million in 9 months
Global manufacturers flocking to Vietnam, reports Nikkei Asia
The article states that three years ago Jack O'Sullivan came to Vietnam to build premium electric bicycles, but factory after factory said it could not make the parts he needed, prompting him to settle on an unorthodox way of bringing them up to speed. The Irishman then started dispatching employees from Modmo, the bike exporter he founded in 2017, to work alongside local suppliers. Today, Modmo sources approximately 50% of its components from Vietnam, a number O'Sullivan anticipates will rise due to the need to source more parts locally. The article outlines that the country is currently enjoying an influx of foreign manufacturers, a trend that first began after 2007 when low-end garment and shoe factories began to leave China due to rising costs. At present Vietnam is hoping to become a major hub for high-tech manufacturing, as the United States’ pressure on China is forcing a re-alignment of global supply chains that support the computer, smartphone, and telecom industries. … [Read more...] about Global manufacturers flocking to Vietnam, reports Nikkei Asia
