Business

Elsa CEO Van Dinh Hong said technology itself does not drive development in a business, but all progress comes from the human factor.     Elsa’s innovation pattern: ‘One step back, two steps forward’ Elsa’s innovation pattern: “one step back, two steps forward’

THACO has invested in core technology, products and digitalization, aiming to reach the target of $1 billion in revenue by 2025. Billion-dollar strategy While visiting THACO Chu Lai Industrial Zone at the end of March 2022, Prime Minister Pham Minh Chinh assigned THACO three essential tasks, one of them being …

Vietnamese airlines have been asked to avoid areas near Taiwan in the next two days as China will conduct military exercises around the island. Dinh Viet Thang, head of the Civil Aviation Authority of Vietnam, said that it has received an official notice from Chinese authorities, asking airlines operating in …

Vietnam’s benchmark VN-Index rose 0.66 percent to 1,249.76 points Wednesday, reaching the highest in nearly eight weeks in its third consecutive gaining session. The index closed 8 points higher after rising 10 points Tuesday. It has risen 43 points in the last three sessions. Trading on the Ho Chi Minh …

Shipping companies have had one of their best quarters in years with most reporting double-digit growth thanks to high rates. Vinalines, the country’s biggest shipper, saw a near doubling of its profits year-on-year to VND1.43 trillion (US$61.19 million) in the second quarter. Private player Gemadept reported an 87 percent increase …

State-owned Agribank has become the third most profitable lender in the country after its first half profits rose by 60 percent to VND15.08 trillion (US$642.3 million). It trailed only another state-owned lender, Vietcombank, and VPBank. Agribank’s profits were driven by a 45-percent year-on-year increase in debt collection to VND6.2 trillion, …

The Ho Chi Minh Stock Exchange is considering suspending trading in FLC Faros Construction stocks following its delay in submitting its second quarter earnings report. The subsidiary of property developer FLC should have furnished the report within 20 days from the end of each quarter but failed to do so …

Vietnam’s property market, including the industrial, residential and office segments, saw vibrant merger and acquisition activities in the first seven months as companies pour big bucks into potential projects. In mid-July, CapitaLand Development, a unit of Singapore-based property developer CapitaLand, bought eight hectares of land in Thu Duc City to …

Vietnam’s property market, including the industrial, residential and office segments, saw vibrant merger and acquisition activities in the first seven months as companies pour big bucks into potential projects. In mid-July, CapitaLand Development, a unit of Singapore-based property developer CapitaLand, bought eight hectares of land in Thu Duc City to …

It has become a struggle to get loans from banks to buy houses or cars with lenders saying they have used up their credit growth quotas. Hoang Nam of Hanoi wanted a mortgage recently and was confident he would get the loan since he was buying the apartment to live …