Business

Bespin Global and Changsoft plan to develop and apply smart city data-integrated management platforms to Hanoi, Ho Chi Minh City, and Da Nang. Bespin Global Vietnam, a cloud management service provider, has signed an Memorandum of Understanding (MOU) with Korean firm Changsoft I&I to build a smart city platform in …

Auto sales in May fell by half year-on-year, the second monthly decline in a row, as consumers continued to tighten spending. Over 20,700 units were sold by members of the Vietnam Automobile Manufacturers Association (VAMA) last month, a 53% drop from May last year. Sales reached the monthly highest this …

Investment firm NovaGroup has registered to sell a nearly 7% stake in its property affiliate, Novaland. It wants to sell over 136 million shares between June 16 and July 14, according to a filing with the Ho Chi Minh Stock Exchange. This will bring NovaGroup’s ownership in Novaland down from …

The U.S. dollar fell marginally against the Vietnamese dong on the black market Thursday morning. Unofficial exchange points sold the greenback at VND23,575, down 0.02% from Wednesday. Most banks kept the dollar unchanged. Vietcombank sold it at VND23,670, Eximbank VND23,620 and Techcombank VND23,679. The State Bank of Vietnam maintained its …

The country’s main coal supplier Vinacomin is set to ship 1.2 million tons more than it has contracted to thermal plants to improve the power situation in the north. The excess amount is equivalent to 6.83% of the 17.55 million tons it had agreed to supply this year, it said …

People made total deposits of VND415 trillion (US$17.58 billion) at banks in Q1, the biggest amount in more than 10 years, according to the State Bank of Vietnam. On average, in the last 7-8 years, deposits of individual customers at banks in the first quarter of a year was only …

Bamboo Airways posted an accumulated loss of VND3.2 trillion ($136 million) last year, higher than that of Vietnam Airlines and Vietjet. Although the company saw revenue tripling to VND11.73 trillion, costs still exceeded that figure due to difficulties in the Northeast Asia market and the Russia-Ukraine conflicts, which drove up …

Showcasing the latest developments in life sciences, AI and robotics, paving way to Hong Kong as an international science and research hub HONG KONG SAR – Media OutReach Newswire – 6 December 2023 – Organised by the Innovation and Technology Commission and the Hong Kong Science and Technology Parks Corporation …

The five directors of Bamboo Airways have asked to resign, and the airline will select a new board of seven directors at the upcoming general meeting. The resignations will be reviewed by shareholders at the company’s general meeting on June 21, and shareholders will also vote to select the new …

Castrol is exploring opportunities to provide solutions and services that will complement its core lubricants business and provide additional value to customers. The company’s updated logo features a more modern, dynamic, and vibrant design, with a focus on its core strengths and differentiators as Castrol aims to broaden appeal with …