Japanese retail giant Aeon Mall wants to invest in 3-4 more projects in Hanoi by 2025. At a recent meeting with Hanoi Party secretary Dinh Tien Dung, Nagakawa Tetsuyuki, general director of Aeon Mall Vietnam, said the Aeon Mall Hoang Mai project is now in its last preparation stages for …
Read More »Hòa Phát Group listed in Forbes’ Top 2,000 largest firms in the world
Hòa Phát Group is the only Vietnamese production firm in the Top 2,000 largest companies in the world in 2022 (Global 2000). Photo courtesy of the firm HÀ NỘI — Hòa Phát Group had the highest revenue and profit among five Vietnamese firms listed in the Top 2,000 largest companies …
Read More »Auto sales extends growth
Vietnam’s auto sales reached 42,359 units in April, with most major brands posting double-digit to triple-digit growth, according to the Vietnam Automobile Manufacturers Association (VAMA). This figure marked a 40 percent increase from the same period last year and brought four-month sales to 123,931 units, up 33 percent, said VAMA, …
Read More »Pandora plans $100-mln jewelry plant in Vietnam
Pandora, the world’s largest jewelry company by sales, will set up a US$100-million production facility in Vietnam. To be situated in the Vietnam-Singapore Industrial Park 3 in Binh Duong Province, it will be built to LEED Gold green building standards and powered completely by renewable energy. Construction is set to …
Read More »Vietnam to meet inflation target in 2022: HSBC
HSBC has raised the inflation forecast for Vietnam, but expects the country to meet its target of 4 percent. It expected Vietnam’s inflation at 3.7 percent in the latest report, up 0.7 percentage point compared to the previous forecast published February. However, Vietnam’s inflation is unlikely to be a big …
Read More »Prime Minister meets with CEO of Murphy Oil Corporation
Prime Minister Phạm Minh Chính meets President and Chief Executive Officer of Murphy Oil Corporation Roger Jenkins in Washington D.C on May 13. — VNA/- VnExpress News Photo WASHINGTON D.C — Prime Minister Phạm Minh Chính met with President and Chief Executive Officer of Murphy Oil Corporation Roger Jenkins …
Read More »Steel companies report decline in Q1 profits
In Q1, Thái Nguyên Iron And Steel JSC (TIS) witnessed its profit down by 35 per cent, to only VNĐ29.2 billion. — VNA/- VnExpress News Photo HÀ NỘI — The cost of raw materials and transportation fees have skyrocketed, causing the first-quarter profits of most steel companies to decline. Data from the Việt …
Read More »HCM City office market coming out of slump: property consultancies
The lobby of OfficeHaus in Tân Phú District, HCM City. The city’s office market recovers after two years being affected by COVID-19 pandemic. — Photo courtesy of OfficeHaus HCM CITY — After a two-year slump due to COVID-19, the HCM City office for lease market is showing positive signs with …
Read More »Big customers to buy electricity directly from generators
The direct power purchase agreement is expected to promote renewable energy development in Việt Nam. — Photo vnbussiness.vn HÀ NỘI — Big customers could buy electricity directly from the generators in a pilot programme to develop a mechanism for a direct power purchase agreement (DPPA). This was a highlight in a …
Read More »Localities clamp down on land hoarding and speculation
For-sales signs put up along a road in a district in Tây Ninh Province. Industry experts have voiced concern over the recent land fever as a result of the pandemic. —VNA/- VnExpress News Photo HÀ NỘI — Authorities in Hà Nội halted processing on all land partition applications of agricultural land or made …
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