BNPL has seen a significant increase over the past 12 months in Việt Nam, with domestic BNPL payments expected to grow 137.3 per cent year-on-year to reach $491.3 million this year. Illustrative photo HÀ NỘI — Deloitte and cloud banking platform Mambu have identified the five steps merchants and …
Read More »Shares make gains on the back of bank, real estate stocks
Victoria Village is developed in District 2 of HCM City by Novaland. NVL rose 1.1 per cent on Friday. Photo novaland.com.vn HÀ NỘI – Shares gained on Friday, bolstered by the gains of large-cap stocks in the group of banking and real estate. On the Hồ Chí Minh Stock Exchange …
Read More »Prudential achieves strong revenue growth, pays $374m million in claims in 2021
Prudential Vietnam delivered strong revenue growth last year despite a challenging operating environment. — Photo courtesy of the company HCM CITY— Prudential Vietnam Assurance Private Limited delivered strong revenue growth of 15.2 per cent last year despite a challenging operating environment, and settled claims worth VNĐ8.61 trillion (US$374 million). …
Read More »Drug companies see double digit growth in Q1
Demand for Covid-19 medicines and other items drove pharmaceutical firms’ profits up in the first quarter. The country’s largest drugmaker, DHG Pharmaceutical JSC, reported a 25 percent jump in profits to VND255 billion (US$11.1 million), its highest since 2005. Traphaco JSC’s profits rose by 55 percent to VND83 billion, and …
Read More »Shares slump on late selling force
A facility of PetroVietnam Gas JSC (GAS). GAS lost 1.5 per cent Thursday. — Photo pvgas.com.vn HÀ NỘI — Shares dropped on Thursday, pressured by the slump of large-cap stocks that were hit strongly during the last minutes of the session by increased profit-taking. On the Hồ Chí Minh …
Read More »Sale platform on smartphones saves Mondelez millions of dollars
Mondelez Kinh Do Vietnam has partnered with FPT Software to integrate their sales platform on personal phones, saving millions of dollars each year. Mondelez has collaborated with FPT Software, an FPT member, to move the sales platform on all devices, switching to personal phones called Sale Force Automation. The system …
Read More »Garment and embroidery factory opens in Lào Cai
Delegates visit the factory. — VNA/VnExpress News Photo Quốc Khanh LÀO CAI — The first phase of a garment and embroidery factory opened its doors in the northern mountainous province of Lào Cai on Thursday. Invested by Babeeni Vietnam Co, the factory has a total planned area of 48,600sq.m. Of which, the first phase is built on 6,500sq.m …
Read More »Work starts on $230m industrial zone in Long An
Delegates attend the zone’s ground-breaking ceremony. — VNA/VnExpress News Photo Bùi Giang LONG AN — The construction of Nam Thuận Industrial Zone (IZ), worth over VNĐ5.3 trillion (US$230 million), began in the southern province of Long An on Thursday. Financed by Đại Lộc Long An JSC, the IZ covers more than 308ha in Đức Hoà District. …
Read More »VN-Index ends losing streak
Vietnam’s benchmark VN-Index ended its losing streak with a 0.66 percent gain to 1,379.23 points Friday with several blue chips surging. The index started off in the green and dipped slightly in the afternoon before climbing up and closed nine points higher, after losing 107 points in the last six …
Read More »Rental apartment investors exit market on gloomy demand, low returns
Rental property investors have been selling off apartments in the past few years and switching to other assets as Covid-19 hit demand and dragged down returns. Son, an experienced investor, spent VND5 billion (US$217,600) in 2019 on buying two apartments in HCMC’s former District 9 (now Thu Duc City) to …
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