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 …
Read More »Việt Nam Furniture Matching Week seeks to connect local producers, international buyers
Nguyễn Chánh Phương, deputy chairman of the Handicraft and Wood Industry Association of HCM City, speaks at the press briefing to introduce the Vietnam Furniture Matching Week 2022 in HCM City on March 29. — VnExpress News photo HCM CITY — The second Việt Nam Furniture Matching Week to …
Read More »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 …
Read More »Experts warn about participation of real estate companies in banks
Projects of real estate developers in Hà Nội. The participation of real estate companies in banks can adversely influence these banks’ lending practices. — Photo reatimes.vn HÀ NỘI — Experts have raised concerns about the involvement of real estate companies in commercial banks, warning it may pose risks to the financial …
Read More »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. …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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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