Monday , November 25 2024

Recent Posts

Former billionaire returns to chair Novaland

Former billionaire returns to chair Novaland

Former billionaire Bui Thanh Nhon has returned to chair the board of property developer Novaland amid a major restructuring as its stock trades at historic lows. Nhon, who is also chairman of NovaGroup – the biggest shareholder in Novaland – took over the position after turning it over to Bui …

Read More »

Auto distributors report record profits in 2022

Auto distributors report record profits in 2022

Auto distributors posted record profits last year as demand recovered after a two-year slump due to Covid-19. Savico, which distributes Toyota, Honda, Ford and other cars, reported record profits of VND688 billion ($29.34 million), which represents a 2.7-fold rise from 2021 and is larger than the combined figures of the …

Read More »

Vietnam EV-maker VinFast delays US car deliveries to late Feb

Vietnam’s electric automaker VinFast said on Friday it will delay deliveries to its first customers in the United States to the second half of February after it finishes updating the vehicles with the latest software. The Vietnamese company, a unit of conglomerate Vingroup JSC, is gearing up to expand in …

Read More »