Business

Samsung is testing its ball grid array products and will mass produce them at the tech giant’s factory in northern Thai Nguyen Province in July 2023. Roh Tae-Moon, head of Samsung’s key smartphone division, said this at a Friday meeting with Prime Minister Pham Minh Chinh. On its homepage, Samsung …

Apple CEO Tim Cook said Vietnam is one of four emerging markets for the tech giant that have contributed to the company’s success in the second quarter of 2022. In its financial report for the second quarter, Apple announced a record revenue of $83 billion, up 2% year-on-year, despite the …

THACO chairman Tran Ba Duong said supermarket chain E-mart is likely to earn revenues of billion dollars by 2026 after opening at 20 locations. Its only store now in HCMC’s Go Vap District reported sales of VND1.6 trillion ($68.5 million) last year. “With 20 stores, our revenues could reach VND32 …

Construction company Coteccons has named Vo Hoang Lam as its new general director, a year and a half after his predecessor quit. Lam, 44, earlier a board member and deputy director, has been with the company since its early days and held key positions like site manager, project manager and …

ROS of FLC Faros Construction will be suspended from trading on Ho Chi Minh Stock Exchange (HoSE) from August 12 after it failed to submit its second quarter earnings report. The subsidiary of property developer FLC has “continued to violate regulations on information disclosure after being restricted to trading,” HoSE …

Surging fertilizer and animal feed prices have caused agriculture companies to post declining profits or even losses in the second quarter. Hoang Anh Gia Lai Agrico posted a loss of nearly VND560 billion ($23.93 million) in the last quarter as fertilizer costs rose by 150% and packaging by 50%. Road …

Tech unicorn VNG posted a consolidated loss of VND372 billion ($15.9 million) for Q2 after making a provision of VND595 billion for its investment in Zion, operator of e-payment service ZaloPay. Its gross revenue only fell 1.8% to over VND2 trillion, but gross profits tumbled by 16% to VND884.8 billion …

Vietnam’s benchmark VN-Index dropped 0.11 percent to 1,252.74 points Friday after four sessions in the green. The index closed 1.4 points lower after gaining 4 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 8 percent to VND15.56 trillion ($665 million). The VN-30 basket, comprising …

Food prices have been falling by 5-10 percent at traditional markets following the recent decline in gasoline prices, while supermarkets are offering promotions to boost sales. At traditional markets, pork prices are 6 percent down at VND160,000 ($6.84) a kilogram, and pangasius fish is 8 percent cheaper at VND60,000. Hoa, …

Authorities in the Central Highlands town of Da Lat want to build a new night market and walking-only street to foster tourism. To cost VND1.6 trillion ($68.6 million) they will come up next to Cam Ly Stream that drains into Xuan Huong Lake. The market is expected to share the …