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Petrolimex welcomes new director general

Petrolimex welcomes new director general

Deputy Director General of Vietnam National Petroleum Group (Petrolimex) Dao Nam Hai will become its director general (DG), starting Mar. 1. He replaces Pham Duc Thang who retired in November 2021. Holding two master degrees in law and business administration, Hai, 48, Hai was its deputy DG for four years, …

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Rising energy prices to drive inflation: HSBC

Rising energy prices to drive inflation: HSBC

HSBC has increased its inflation forecast for Vietnam from 2.7 percent to 3 percent, taking into account the higher energy prices. “We are raising our 2022 average inflation forecast slightly … but it should not pose a major risk to the State Bank of Vietnam, as it will likely remain …

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Siam Cement Group reports $1.52 billion sales in 2021

Siam Cement Group reports $1.52 billion sales in 2021

Thai-owned Siam Cement Group reported a 32 percent increase in revenues to VND35 trillion (US$1.52 billion) last year. Q4 revenues jumped 46 percent year-on-year to VND10 trillion. The conglomerate has 23 subsidiaries in Vietnam with over 150,000 employees. As of Dec. 31 it was worth VND146.8 trillion, up 32 percent …

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HAGL to sell 25 mln more shares to pay debt

HAGL to sell 25 mln more shares to pay debt

Agricultural giant Hoang Anh Gia Lai JSC (HAGL) announced it would sell 25.4 million shares of its subsidiary to pay its debts, starting Feb. 15. The shares, registered under the ticker HNG of Hoang Anh Gia Lai Agricultural JSC (HAGL Agrico), amount to a 2.33 percent stake in the firm. …

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Viettel’s brand reached nearly US$9 billion

  Viettel continues to retain its position as the leading telecommunications brand in Southeast Asia. — Photo courtesy of Viettel HÀ NỘI — The brand value of Military Industry-Telecoms Group (Viettel) reached US$8.758 billion, moving up a total of 99 places to reach 227th position in the 2022 list of the …

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MindX Technology School wins top place at A-star AI Bootcamp

  MindX’s wins the A-star bootcamp with  an AI model that hopes to bring job-matching to a new level. — Photo courtesy of the firm HÀ NỘI — MindX Technology School has surpassed 100 registered startups to top the first season of A-star Bootcamp in promoting local artificial intelligence (AI) development.  Introducing …

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