State-owned enterprises’ profits decline: report

Fifty-three state-owned enterprises saw post-tax profits go down 11 percent year-on-year to VND52.2 trillion ($2.3 million) last year, a Finance Ministry report says. Read more »

Vinasun deputy CEO to sell out stake in company

Dang Thanh Duy, deputy CEO of taxi firm Vinasun, is set to divest his entire 7.97 percent stake in the company. Read more »

Japan’s Eneos to buy 1 pct stake in Petrolimex

Japanese energy company Eneos Corporation has registered to buy 13 million treasury shares, or a 1 percent stake, of fuel distributor Petrolimex. Read more »

Japan’s Aska buys 24.9 stake in Vietnam drug company

Japanese company Aska Pharmaceutical has signed an agreement to acquire a 24.9 percent stake in Vietnamese pharmaceutical company Hataphar. Read more »

Vietnam seeks tighter control over Facebook, Google ads

A proposed amendment to a government decree on advertising will require international advertising service providers to block and remove illegal contents when demanded by authorities. Read more »

Motorbike trading startup Okxe Vietnam raises $5.5 mln

Motorbike selling platform Okxe Vietnam has raised $5.5 million from six South Korean investors in Series A funding. Read more »

Two stakeholders divest from construction giant Vinaconex

Two major stakeholders have announced that they have divested their entire stake, totaling 29 percent, in construction giant Vinaconex. Read more »

MobiFone profits plunge due to pandemic impacts

State-owned telecom company MobiFone saw first half pretax profits fall by 38 percent year-on-year to VND1.64 trillion ($71 million). Read more »

Hanoi drainage firm director detained for mismanagement

The general director of Hanoi Sewerage and Drainage Company has been detained for alleged violations in monopolistic acquisition of a lake cleaning agent. Read more »

Hanoi drainage firm director detained for state asset mismanagement

The general director of a Hanoi drainage company has been detained for alleged involvement with monopolistic acquisition of lake cleaning agents. Read more »

Foreigners spend $55 mln on Vinhomes stock

Foreign investors spent nearly VND1.3 trillion ($55.5 million) Thursday morning to buy over 17.1 million shares of real estate giant Vinhomes. Read more »

Australian firm to invest $350 mln in Vietnam logistics real estate

Australian company Logos plans to invest $350 million in Vietnam in the logistics real estate segment to take advantage of rising demand in the country. Read more »