Companies

Large foreign capital is being poured into Vietnamese enterprises, especially big companies in different business fields. Big deals Just over the last two years, $10 billion worth of capital has been poured into Vietnam’s leading corporations, including Vingroup, Masan, Vietjet Air, PAN Group, FPT (IT group) and Vinamilk (dairy producer). Just over the last two years, $10 billion worth of capital has been poured into Vietnam’s leading corporations, including Vingroup, Masan, Vietjet Air, PAN Group, FPT (IT group) and Vinamilk (dairy producer). Cash flow from Asia M. Ha National Assembly rejects bank capital hike proposal The proposal was presented by the NA Economic Committee Chairman Vu Hong Thanh on Monday as a part of the socio-economic development plan for 2020. Vietnam’s banks are capital generators amidst high growth: J.P. Morgan Vietnamese banks offer an increasingly rare combination of high and self-sustaining earnings growth, said United … [Read more...] about Billions of dollars are being poured into Vietnam’s leading companies

Vo Tan Thanh, vice president of the Vietnam Chamber of Commerce and Industry, speaks at the Southeast Asia Outbound Investment Forum in HCM City on March 28 According to Vo Tan Thanh, Vice President of the Vietnam Chamber of Commerce and Industry (VCCI), Thailand is Vietnam’s largest trading partner among ASEAN countries, with bilateral trade reaching over 17.5 billion VND in 2018, a year-on-year increase of 15 percent. Vietnam’s trade with Cambodia, Laos and Myanmar also grew in 2018, he said at the Southeast Asia Outbound Investment Forum. Vietnam ran a trade deficit with Thailand because it imported a lot of machinery and equipment, raw materials for domestic production and automobiles, he said. In 2018, Thailand was the biggest source of automobiles for Vietnam, he added. Vietnam’s exports to these markets include mobile phones and components, computers, electronic products and components, iron and steel, machinery and equipment, vehicles and spare parts, … [Read more...] about Trade with Southeast Asian markets boosted

In his new role, Orhan will lead growth efforts across Southeast and East Asia, which spans 13 countries including Vietnam, in addition to China, Japan, Singapore... Prior to this new position, Orhan was Emirates’ Senior Vice President of Commercial Operations for Africa. Orhan joined Emirates as a management trainee in 1998, and has grown his career with the Commercial team over the past 21 years, holding various senior positions in Tanzania, Iran, South Africa, the Middle East, India and Nepal before securing senior vice president roles overseeing important growth regions such as the Americas and most recently Africa. “The potential for growth within the Far East region looks very promising, a fact underpinned by the growing disposable income and middle class population that includes young, tech-savvy consumers who are eager to travel. As travel continues to increase at a significant rate in this region, we recognise the prospects this part of the world presents and I … [Read more...] about Emirates appoints new Head of Commercial for Far East

The partnership will allow the electronics producer to develop its Vsmart TVs on Google’s Android operating system. VinSmart is set to release the first five models, which have 4K resolution and Google Assistant in Vietnamese, next month. The TVs will also have sound equipment from Dolby that will be manufactured in Hanoi's Hoa Lac Industrial Park. After Google, VinSmart will look for international partners to develop more smart products meeting global standards under a Vietnamese brand, Vingroup’s deputy director Le Mai Tuyet Trinh said in a statement. Tech expert Tran Manh Hiep said that VinSmart TVs will find it very difficult to compete in the high-end segment dominated by Samsung and LG. He said it is better that the Vietnamese company focuses on the affordable segment. VinSmart, established in June last year, has already introduced eight smartphone models, and exported them to Spain, Myanmar and Russia. It had announced in May that it has plans to expand this to … [Read more...] about Vingroup unit partners with Google to make TVs

The“Vietnam – US Direct Route: Ready for Taking Off” seminar. (Photo: VNA) Hanoi (VNA) – Bamboo Airways makes no secret of its ambition to become the first airline in Vietnam to operate direct flights to the United States, the airline’s Deputy Director General Truong Phuong Thanh said at a seminar on August 1. “We have been very interested in launching Vietnam – US direct services from day one,” Thanh told the “Vietnam – US Direct Route: Ready for Taking Off” seminar held by FLC Group – the airline’s parent company – and the Vietnam Association on Aviation Science and Technology (VAAST) in Hanoi. “Bamboo Airways will be the first in Vietnam to open Vietnam – US direct route,” he said, adding that he has full confidence that the new budget carrier can achieve this goal. Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc highly spoke of the airline’s … [Read more...] about Bamboo Airways eyes to be first Vietnamese carrier to fly directly to US