Advertisements With further support from the State Securities Commission of Vietnam, the asset and wealth management is expected to continue its strong growth in the future. With further support of the State Securities Commission of Vietnam (SSC) to restructure the asset and wealth management (AWM) industry in 2020, the sector is set to continue itsContinue reading “Vietnam’s asset and wealth management is expected to grow strong”
Tag Archives: Business
Court increases sentence for former business executive for cheating bank
Advertisements The HCM City appeal court increased the prison sentence given to Dương Thanh Cường, former general director of Bình Phát Company and chairman of the Thành Phát Company, for “fraud and appropriation of property” from 16 to 18 years at a trial yesterday (Dec 14). A life imprisonment sentence awarded by the trial courtContinue reading “Court increases sentence for former business executive for cheating bank”
Coffee chains in Vietnam launch mobile stores amid COVID-19 pandemic
Advertisements The COVID-19 pandemic has driven several beverage businesses in Vietnam to launch mobile stores or takeout kiosks to reduce costs and increase brand awareness. With a handful of advantages including low investment, simple operations, and fast profit, the companies behind these businesses said that they would expand their network of mobile stores and takeoutContinue reading “Coffee chains in Vietnam launch mobile stores amid COVID-19 pandemic”
How To Grow Your Business After Covid-19 Pandemic
Advertisements COVID-19 has upset economic forecasts and forced many companies worldwide to rethink their business strategy plan for the future. Finding success during this unprecedented time has been a painful process for many companies. Although the pandemic has brought new hurdles to businesses across the globe, it has also created loads of opportunities for retailers.Continue reading “How To Grow Your Business After Covid-19 Pandemic”
Some Covid-19-related businesses in HCMC shutdown
Advertisements The ICOOL Karaoke Bar, HighLand Coffee and the Key English Center were temporarily shutdown as those places were visited by Covid-19 Patient 1347. Several businesses in District 10 of Ho Chi Minh city have been suspended because of a community infection of covid-19, Kinh te & Do thi Newspaper reported. The ICOOL Karaoke Bar,Continue reading “Some Covid-19-related businesses in HCMC shutdown”
Vietnamese billionaire sells pho, earns VND1 billion a day
Advertisements Billionaire Johnathan Hanh Nguyen, Duc Long Gia Lai and Diem Thong Nhat were top names in the news last week. Billionaire sells pho Autogrill VFS F&B is one of the important links in the aviation service industry’s value chain that Johnathan Hanh Nguyen, famous as the ‘branded-goods King’, and his IPP Group have beenContinue reading “Vietnamese billionaire sells pho, earns VND1 billion a day”
Vietjet reports smaller-than-expected loss in first half of 2020
Advertisements Vietnam’s low-cost carrier Vietjet Air recorded losses worth VND1.44 trillion (US$62 million) in its air transport activities in the first half of 2020, which is lower than the airline’s expectation given the serious novel coronavirus disease (COVID-19) pandemic. This was regarded as a positive result compared to the aviation industry as a whole dueContinue reading “Vietjet reports smaller-than-expected loss in first half of 2020”
Vietnam’s tourism employees switch to online business due to COVID-19
Advertisements Many people working in Vietnam’s tourism sector have had to earn a new living by running online shops after losing their jobs to the novel coronavirus disease (COVID-19) epidemic. After the country was hit by a new wave of COVID-19, which occurred when a locally-transmitted case was recorded in central Da Nang City onContinue reading “Vietnam’s tourism employees switch to online business due to COVID-19”
Japanese companies consider expanding operation in Vietnam
Advertisements A survey recently carried out by the Japan External Trade Organization (JETRO) indicates that 41% of Japanese companies are considering expanding their operations in Vietnam over the next three years, a 5.5% rise from a year earlier. The survey, which was originally conducted in November and December, 2019, reached out to 9,975 Japanese firmsContinue reading “Japanese companies consider expanding operation in Vietnam”
E-commerce in Vietnam strongly pushed during COVID-19
Advertisements “Covid-19 has given e-commerce a push,” said Nguyen Thuy Anh from the Department of E-commerce and Digital Economy. It not only has changed consumers’ behaviors, but also forced traditional retailers and manufacturers to go online. Anh said he got home from Binh Dien Market at midnight and then had to go to the VietnamContinue reading “E-commerce in Vietnam strongly pushed during COVID-19”
Hundreds of VinMart+ stores will be closed this year
Advertisements Under the management of Masan, hundreds of VinMart+ convenience stores will be closed this year. Gone are the days when convenience stores popped up like mushrooms, the arrival of COVID-19 has changed everything. The social distancing during the pandemic has weakened physical establishments as well as companies running the business at them. Local foodContinue reading “Hundreds of VinMart+ stores will be closed this year”
MoIT denies rumours of Sabeco share purchase
Advertisements The Ministry of Industry and Trade (MoIT) denied rumours it planned to buy shares of Saigon Beer Alcohol and Beverage Company (Sabeco) shares (SAB), said deputy minister Đỗ Thắng Hải. Recently, some news outlets reported ThaiBev was planning to sell beer producer Sabeco and the ministry could buy the firm at a price ofContinue reading “MoIT denies rumours of Sabeco share purchase”
Which country is the biggest foreign investor in Vietnam?
Advertisements With 5.07 billion USD, accounting for41 percent of the total FDI in the first four months of 2020, Singapore rose to become the biggest foreign investor in Vietnam It was followed by Thailand and Japan, with 1.46 billion USD and 1.16 billion USD, respectively, according the Ministry of Planning and Investment’s Foreign Investment AgencyContinue reading “Which country is the biggest foreign investor in Vietnam?”
At least 20% regulations on business in Vietnam will be cut or simplified
Advertisements The Government of Vietnam will cut or simplify at least 20% of the current regulations on business through 2025, according to Resolution No. 68/NQ-CP released on Wednesday. The Government it will also slash at least 20% of business procedure compliance costs as currently regulated while minimizing the number of legal documents related to businessContinue reading “At least 20% regulations on business in Vietnam will be cut or simplified”
All business fields suffer except pharmacies, food companies
Advertisements The Q1 finance reports released by enterprises in nearly all business fields, from manufacturing and real estate to aviation and oil and gas, show big losses. Large enterprises have reported huge losses of trillions of dong. As the state-owned enterprise (SOE) that runs the Dung Quat Oil Refinery, the first oil refinery in Vietnam,Continue reading “All business fields suffer except pharmacies, food companies”