Wednesday , October 30 2024

Business

Business

VNG invests in S. Korean gaming unicorn

VNG invests in S. Korean gaming unicorn

Vietnamese tech giant VNG Corporation has joined the series B funding of Haegin, a billion-dollar South Korean startup that owns the popular Play Together and other mobile games. Haegin raised US$81 million from VNG and some S. Korean funds, but VNG refused to disclose the amount it invested. A spokesperson …

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Navigating supply chain, shipping issues remain tricky for exporters

  Shipping issues remain tricky for exporters. — Photo courtesy of TMX HCM CITY — Sea freight rates continue to escalate as they track petroleum prices, pushing up export costs and thus reducing the competitiveness of Vietnamese goods, according to businesses. A report by the Association of Seafood Exporters and Producers (VASEP) said foreign shipping lines …

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Mobile World profits rise 8 pct

Mobile World profits rise 8 pct

Vietnam’s biggest electronics retailer, Mobile World, reported an 8 percent rise in profits to VND1.08 trillion ($47 million) in January-February. Revenues climbed by 17 percent to VND25.38 trillion, with over 80 percent, or VND21.3 trillion, coming from smartphones and electronics and VND3.9 trillion from its grocery chain, Bach Hoa Xanh. …

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Da Nang-Ly Son high speed boat sets sail

A high-speed boat service from Da Nang to Ly Son Island was officially launched Tuesday to meet increased tourism demand. The 44.7-meter-long boat, operated by transport company Phu Quoc Express JSC, can reach a maximum speed of 33 nautical miles per hour and carry 612 passengers at a time. The …

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Gov’t approves extension on bad debt settlement scheme

  A customer at a Sacombank office. The Government has assigned the SBV to coordinate with relevant agencies in urgently finalising the draft resolution on extending Resolution 42/2017/QH14 to submit to the National Assembly. Photo cafef.vn HÀ NỘI — The Government has agreed to a proposal by the State Bank of Vietnam (SBV) to extend …

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HCM City all set to collect port infrastructure fees

  Cát Lái Port in HCM City. The city will start collecting fees for using infrastructure and public services at ports on April 1. – VNA Photo Tiến Lực HCM CITY — HCM City is set to launch an automatic fee collecting system for the use of infrastructure and public services …

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Digital platform One Mount Group restructures shares

Digital platform One Mount Group restructures shares

Conglomerate Vingroup has partly sold its stake in One Mount Group, a company established in partnership with Techcombank to build an electronic ecosystem for consumers. Vingroup is no longer the parent company of One Mount Group, it recently stated, without mentioning how much stake it has sold. The biggest private …

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Indices rise on strong recoveries of large-cap stocks

FPT’s headquarters on Phạm Văn Bạch Street in Hà Nội. The company shares hit the maximum daily gain of 7 per cent, supporting the market’s recovery yesterday. Photo fpt-is.com HÀ NỘI — Shares ended higher on Tuesday after facing strong correction in the previous session, with both benchmark indices almost recovering fully …

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