Business

Vietnam’s biggest e-wallet company, MoMo, said it had raised $200 million from four investors led by Mizuho Bank, pushing its valuation above $2 billion. The consortium of investors also comprised Ward Ferry Management and existing shareholders Goodwater Capital LLC and Kora Management, MoMo said in a statement Tuesday. The exact …

Manufacturers at the VSIP I and II industrial parks are operating at a gradual pace to regain growth momentum in the last months of the year. About 98 percent of enterprises at VSIP I, II in Binh Duong have reopened. Employees have returned to work, and commodity flow has been …

The Covid-19 pandemic made 2021 a challenging year for companies, but many managed to make strategic changes to overcome what were unprecedented restrictions. The year started off on a positive note, and the Purchasing Managers Index hit 51.3 in January and climbed to 54.7 in April, despite the closure of …

Thai Vietjet, a subsidiary of Vietnamese airline Vietjet Air, will launch a direct flight connecting Bangkok and Phu Quoc Island from Dec. 30. The new direct route would allow Thai tourists to visit Phu Quoc, Vietnam’s largest island off the Mekong Delta province of Kien Giang, under a vaccine passport …

Steel giant Hoa Phat Group has received a permit to build a VND2.4 trillion ($104.64 million) container manufacturing plant in the southern province of Ba Ria-Vung Tau. The plant, when complete, will have the capacity to produce 500,000 twenty-foot equivalent units (standard size) a year. After the first phase, the …

Cryptocurrency mining app Pi Network has disappeared from Google Play Store for Android devices, making investors concerned about the future of the project. “I cannot download the app. I am worried all my mining efforts up until now would be thrown away,” said Le Tu in the southern province of …

Vietnam’s benchmark VN-Index rose 0.1 percent to 1,478.74 points Tuesday with foreign investors net buying for the first time after seven sessions. The index climbed up to 1,485 points in the early afternoon but selling pressure dragged it down quickly to close one point higher. This was its seventh session …

Electronics retail giant Mobile World posted a profit growth of 22 percent year-on-year in the first 11 months to VND4.39 trillion ($215.19 million). Revenue rose 11 percent to VND110.53 trillion, with November recording the second highest revenue in a month this year. The company saw rising demand for electronics devices …

Vietnam’s information and communications industry recorded a revenue of VND3,462 trillion ($151 billion), up 9.6 percent year-on-year to a new peak. Information and Communication Technologies (ICT) contributed most to the $136 billion revenue, up 9 percent, with the majority coming from foreign direct investment companies, according to a recent report …

Authorities in Ho Chi Minh City will organize countdown parties for the New Year if the pandemic situation remains at low- or medium-risk levels. The events are scheduled at two venues including Nguyen Hue pedestrian street and Le Duan Boulevard on the night of Dec. 31. In addition, there will …