Business

Vu Dinh Do, chairman of transport infrastructure developer Tasco, was Friday named chairman of Vietnam’s biggest automobile distributor, Savico, in place of Mai Viet Ha. Before moving to Tasco, which indirectly owns a 54.07% stake in Savico, Do, 41, worked as an auditor for KPMG in Vietnam and Singapore, and …

Agricultural firm Hoang Anh Gia Lai produces “unique goods” but lacks efficient distribution, Doan Nguyen Duc, its chairman, told shareholders Friday. At the annual general meeting, many shareholders complained that they hardly saw the company’s pork in the market though it sold 300,000 banana-fed pigs last year. The company grows …

The Ho Chi Minh City economy has had many bright spots in April, especially in manufacturing and retail trade, its People’s Committee chairman Phan Van Mai has said. Speaking at a meeting to review the city’s socio-economic situation Friday, he said the index of industrial production rose by an estimated …

Saigon Beer Alcohol Beverage Corporation (Sabeco) made profits of VND10 billion ($426,300) a day in the first quarter, but that was its lowest in the latest six quarters. Its management said the market worsened after Lunar New Year as people refrained from drinking due to Decree 100, which severely penalizes …

Offering discounts and selling regional specialties are part of plans made by retail stores in HCMC to attract shoppers during the long holiday weekend. Vietnamese have a five-day holiday for the Hung King’s Death Commemoration Day on April 29, Reunification Day on April 30 and Labor Day on May 1 …

Jewelry giant Phu Nhuan Jewelry JSC has a profit target of VND1.9 trillion ($81 million) for this year, 7% higher than last year despite a bleak market forecast. Le Tri Thong, its general director, said the sales target is VND35.6 trillion, 5% up from last year. If the company achieves …

Masan’s performance remained resilient with strong momentum, according to its unaudited management accounts for the first quarter released Friday. The CrownX (TCX), Masan’s integrated consumer-retail platform that consolidates WinCommerce (WCM) and Masan Consumer Holdings (MCH), recorded a slight top-line decline in a challenging macro environment. This also weakened consumer sentiment, …

Featuring exquisite fine dining, a musical feast for the ears, and an exclusive visual spectacle show, Paradise Delight will take you on a 5-star voyage across Ha Long coast. Stretching a full 80 meters, Paradise Delight is one of the largest dining cruises on the bay, with a capacity of …

Prime Minister Pham Minh Chinh has called on public banks to reduce deposit and lending interest rates to enhance businesses’ access to credit. At a recent meeting attended by officials from the government and state-owned banks, he said the public banks account for a large proportion of credit in the …

Toyota and Hyundai fought closely for the top spot in the auto market last quarter, Ford threatened Kia’s third place and Mitsubishi edged out Mazda from fifth. Overall sales during the quarter plummeted by 25% year-on-year despite slight increases in February and March due to promotions by various brands. The …