Business

Leon Truong, chairman of Digital Transformation Alliance for SMEs (DTS), says enterprises should approach and implement digital transformation quickly but in accordance with their own capabilities and resources. Truong, also known as Gia Bao Truong, graduated with a degree in Business Administration in Vietnam and later obtained an MBA in …

Binh Son Refining and Petrochemical, which operates the Dung Quat Oil Refinery, said profits rose 5.9-fold year-on-year in the second quarter to VND9.91 trillion (US$424 million). Revenues were up 1.9 times to VND52.4 trillion. The company attributed the jump in earnings to the surging prices of crude oil. Crude oil …

Hoang Tuan Anh, CEO of mattress company Vua Nem, shared with Nguy – Co talk show his strategies to grasp opportunities and dominate the market in the “sleep industry.”     Exponential growth strategy of Vua Nem Exponential growth strategy of Vua Nem

Budget airline Vietjet Air has launched daily flights to Busan, South Korea’s second largest city, from HCMC, Hanoi, Nha Trang, and Da Nang as tourism revival continues. Nguyen Thanh Son, deputy chairman of Vietjet, said Vietnam targets five million foreign tourists this year and the new services would help boost …

Steel giant Hoa Phat Group saw its post-tax profit plunging nearly 60 percent year-on-year to VND4 trillion ($171.27 million) in the second quarter due to declining prices amid falling demand. The company saw revenue rising marginally to VND37.7 trillion. The steel industry was going through unfavorable conditions and this would …

Customers are paying more for milk and milk products as Vietnamese dairy companies increase prices amid a global surge in input costs. Hanh in Ho Chi Minh City’s District 3 said the price of Australian organic milk products has risen by 10 percent in a week and is often out …

Both foreign and local companies in various industries continue to grapple with labor shortages as they aim to expand activities in a recovering economy. “Air-conditioned workspace, free bus transport, and many other attractive benefits” are part of the recent recruitment notices of electronics manufacturer Pegatron Vietnam in the northern city …

Companies prematurely redeemed bonds worth VND49.1 trillion ($2.1 billion) in the second quarter, nearly four times the first quarter figure, spooked by the arrests of business executives for alleged issuance-related fraud. The redemptions added up to VND61.9 trillion in the first six months, according to the Ministry of Finance. Do …

Vietnam’s benchmark VN-Index lost 0.29 percent to 1,185.07 points Tuesday with trading value dropping the fifth consecutive time. The index stayed in the green for the morning but started falling in the early afternoon, closing 3.43 points lower. Trading on the Ho Chi Minh Stock Exchange fell by 4.85 percent …

Four deputy directors of Southeast Asia Commercial Bank (SeABank) have registered to sell over nine million of the lender’s shares. The transactions will be carried out between July 28 and August 26 either through order matching or put through. Their value will be around VND287 billion (US$12.27 million). The SSB …