Business

MSB’s attempt to buy out an unidentified bank has been thwarted by shareholders. Only 56% of shareholders voted in favor of the buyout, lower than the 65% requirement, at the company’s annual general meeting Friday. MSB did not identify the targeted lender, merely presenting a plan to buy a bank …

Contractor staffing outsourcing services from Persolkelly Vietnam help businesses solve HR issues while optimizing budgets and operating costs. Established in 2016 as a joint-venture between Persol Holdings Ltd (Japan) and Kelly Services Ltd (U.S.), Persolkelly is a leading workforce solutions provider in the Asia-Pacific region, operating 45 offices across 13 …

The price of Vietnam’s best-selling gasoline RON 95-III fell VND610 to VND23,630 ($1) per liter on Friday, while E5 RON 92 prices dropped VND490 to VND22,680. Meanwhile, the price of diesel fell by VND750 to VND19,390. Kerosene prices dropped VND250 to VND19,480, while mazut oil prices rose VND650 to VND15,840. …

High demand but little supply have driven the prices of social housing apartments in Hanoi to double the levels of five to seven years ago when they were first sold. Hoa applied to buy a social housing apartment at the Rice City Linh Dam project in 2014, and the price …

A man bagged US$250,000 worth of airline tickets for just $17,000 after fares on an All Nippon Airways (ANA) website were listed ultra cheaply due to a currency conversion error. Herman Yip, 32, snapped up 25 tickets for a small fraction of their usual cost, including a round-trip in first …

A total of 112 Ho Chi Minh City residents have gathered at a police office to accuse Saigon Commercial Bank and insurer Manulife of defrauding them. They gathered at the HCMC Police Department in District 1 on Thursday to demand officials investigate SCB and Manulife for luring them into buying …

Vietnam’s benchmark VN-Index dropped 0.60% to 1,042.91 points Friday, extending its decline after hitting a 4-week low Wednesday. The index closed 6.34 points lower after gaining 0.27 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 46% to VND9.67 trillion ($411.62 million). The VN-30 basket, …

Masan High-Tech Materials, a subsidiary of Masan, reported record revenues of $662 million for 2022, a 15% increase over the 2021 fiscal year, mainly from tungsten products. The recent annual general meeting of the company set a net revenue target of $775 million in 2023. Company CEO Craig Richard Bradshaw …

Norbreeze Collective Asia (NCA) and Dara Ventures signed an agreement on March 28 to strengthen their partnership in Cambodia. Nam Huynh (L), CEO of NCA, and Thierry Tea, CEO of Dara Ventures sign the partnership agreement in Phnom Penh. Photo by NCA “We see Cambodia as an important market that …

Many businesses are cutting salaries and letting go of employees while waiting for the economy to turn the corner. Phan Hong Phuc decided last year to open his own company after working for several years as a technical manager at a major construction company But his company has been facing …