Business

Singapore-based Thomson Medical Group has agreed to buy FV Hospital in Ho Chi Minh City for US$381.4 million in what will be Vietnam’s biggest ever healthcare industry deal. The company, which has operations in Singapore and Malaysia, said in a press release Wednesday that it would acquire 100% of Far …

HONG KONG SAR – Media OutReach – 8 December 2023 – Hong Kong-based Huaao Technology Holding Group Company Limited (“Huaao Technology” or the “Group”) is pleased to announce it has become a member of the Guangdong-Hong Kong-Macao Supercomputing Interconnection Overseas Network. Along with the accelerated technological innovation and strategic industry …

  A view of Cà Mau Gas – Electricity – Fertiliser Industrial Park. — Photo moit.gov.vn HÀ NỘI — Việt Nam stands as a nation with abundant favourable prospects for liquefied natural gas (LNG) power, which has caught the attention of numerous enterprises and investors, heard a forum held by the Việt …

Vietnam’s benchmark VN-Index rose 0.97% to 1,165.42 points Thursday, having risen five sessions in a row. The index closed 11.22 points higher after gaining 2.43 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 0.37% to VND16.66 trillion ($704 million). The VN-30 basket, comprising the …

TP HCMVietcombank Remittance and EzyRemit Worldwide signed a comprehensive cooperation agreement Wednesday at the headquarters of Vietcombank to bring remittances from Australia to Vietnam going forward. In attendance from EzyRemit were Allan Nguyen, co-founder of EzyRemit; Elaine Tu Tran, chief representative in Vietnam of EzyRemit; and Ngo Nam Thang, guest …

The government plans to seek National Assembly approval for the global minimum tax, a tariff that might affect foreign investors in the country, in October. The tax aims to reallocate taxing rights on about US$200 billion worth of profits from the companies to the countries where they do business and …

Auto sales in Vietnam plunged by 37% to 137,300 units in the first six months as demand dropped amid economic challenges. Sales reached the monthly highest this year in March at over 30,000, but fell the following two months before recovering slightly last month at 23,800 units, according to the …

High-quality Chinese peaches are flying off the shelves in Ho Chi Minh City and Hanoi despite costing VND250,000 (US$10.57) per kilogram, 10-15% higher than a year ago. “This ‘fairy’ peach is pinkish red, crispy and sweet, weighs 350-400 grams, and is the most expensive Chinese variety in Vietnam,” a trader …

Vietnam Electricity’s (EVN) inefficient management and lack of investment in power production had led to an electricity shortage in northern Vietnam this summer, investigators have found. Between 2021 and 2023, EVN has been delayed in investing and completing projects to develop power sources and grid, investigators of the Ministry of …

Vietnam’s benchmark VN-Index rose 0.21% to 1,154.2 points Wednesday in its fourth straight session in the green. The index closed 2.43 points higher after gaining 2.75 points on Tuesday. It remains at the highest since Sep. 27. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 13.26% to …