Monday , December 23 2024

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Business

Digital Entertainment Leadership Forum 2024 Begins on a High Today

Digital Entertainment Leadership Forum 2024 Begins on a High Today Unveiling the Innovative Potential of AI and Web 3.0 Exploring the Innovative Future of Digital Entertainment and Smart Living HONG KONG SAR – Media OutReach Newswire – 16 August 2024 – The Digital Entertainment Leadership Forum (DELF) 2024, Cyberport’s flagship …

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Shopee, TikTok Shop account for 93% of online retail

The gap between Shopee and its main rivals in the e-commerce market has widened, with the platform now holding a 71.4% market share while TikTok Shop ranks second with 22%. Vietnamese consumers spent a total of VND87.37 trillion (US$3.48 billion) on the top four platforms in the second quarter, up …

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Ride-hailing Grab’s revenue misses estimates

Grab, the largest ride-hailing and delivery company in Southeast Asia, reported slower-than-expected revenue growth for the second quarter, leading to a drop in its stock price. The Singapore-based firm saw revenue rising 17% to US$664 million, 1.9% lower than analysts’ average estimate, according to data from the London Stock Exchange …

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Investment firm Mitsui becomes Tasco Auto’s shareholder

Japan’s investment firm Mitsui & Co has become a strategic shareholder of Vietnam’s auto distributor Tasco Auto. The Japanese company has completed an initial investment on July 31, Tasco, the parent company of Tasco Auto, said in a press release Friday. It did not reveal the size of the investment. …

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Imposing 5% VAT on fertilisers will bring difficulty to farmers

If 5 per cent VAT is added to fertilisers, farmers will be greatly affected because prices will increase, leading to higher cost of agricultural products.   Fertiliser production at the Bình Điền fertiliser company. — VNA/VNS Photo HÀ NỘI — Some National Assembly (NA) delegates are concerned that imposing value added tax …

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M&A market waiting for big deals

In the first seven months of 2024, foreign investment channeled into new and existing projects increased sharply compared to the same period last year, by 35.6 per cent to US$10.8 billion and 19.4 per cent to nearly $5 billion, respectively.    An electronic component production line of the Japanese-invested INOAC Vietnam Co Ltd in …

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