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Struggling lenders DongA Bank, GPBank transferred to new owners
The State Bank of Vietnam on Friday transferred ailing lenders DongA Bank and GPBank to HDBank and VPBank, respectively, under a government order.
Durian vending machines launched in Singapore
How does son of Vietnam's richest billionaire and fiancé of Miss World Vietnam runner up take helm in business ventures?
Ex-employee of Japan’s largest bank MUFG arrested for allegedly stealing 20kg of gold
A former employee of the MUFG Bank has been arrested for allegedly stealing 20 kilograms of gold bullion worth 260 million yen (US$1.6 million) from customers’ safe deposit boxes.
January 15, 2025 | 07:00 pm GMT+7
Novaland rejects chairman resignation claims
Property developer Novaland Group has denied rumors that its chairman Bui Thanh Nhon is on the verge of resigning.
January 15, 2025 | 07:00 pm GMT+7
Many air routes sold out as Tet holiday nears
Airlines have added 522 flights to their Tet schedules, but tickets to destinations in the central region are sold out and Hanoi and HCMC services are 90% full.
January 15, 2025 | 11:30 am GMT+7
Vietnam brings in biggest revenue for Aeon Mall in ASEAN
The Vietnam market contributed JPY12.5 billion (US$79 million) to the revenue of Japanese retailer Aeon Mall last year, the largest in ASEAN and third highest globally.
January 15, 2025 | 06:20 am GMT+7
Chairman of embattled Thuduc House quits 1 month after stake sale
Chairman of property developer Thuduc House, Nguyen Quang Nghia, has resigned a month after he sold almost his entire stake in the company.
January 14, 2025 | 01:15 pm GMT+7
South Korea’s SK Group to sell 1.33% Vingroup stake for $20M
A subsidiary of South Korean conglomerate SK Group plans to sell 50.8 million shares of Vietnam’s largest private firm, Vingroup, in the stock market to restructure its investment portfolio.
January 11, 2025 | 06:11 pm GMT+7
Female doctor becomes AmCham Vietnam chair
The American Chamber of Commerce in Vietnam has appointed doctor Dam Thi Hoang Lan, with decades of experience in healthcare, as its new chair.
January 10, 2025 | 04:00 pm GMT+7
Malaysia’s top coffee chain ZUS Coffee to open second Singapore outlet
ZUS Coffee, Malaysia’s largest coffee chain operator, is launching its second location in Singapore at the Westgate shopping mall.
January 10, 2025 | 12:02 pm GMT+7
Singaporean actor Ben Yeo to shut down Chinese restaurant due to nearly $800K in losses
Actor Ben Yeo is closing his high-end modern Chinese restaurant Tan Xiang Yuan in Singapore after suffering losses exceeding 3.3 million ringgit (US$732,357).
January 10, 2025 | 06:22 am GMT+7
Miniso to raise $550M through debt instrument
Chinese lifestyle goods retailer Miniso Group Holding plans to raise US$550 million through a debt instrument to fund its oversea expansion.
January 8, 2025 | 09:55 am GMT+7
Chinese EV firm Skyworth begins selling cars in Singapore
Chinese EV maker Skyworth Auto has started selling its cars in Singapore, opening its first showroom there on Tuesday.
January 7, 2025 | 03:55 pm GMT+7
Power firm backed by Indonesian billionaire Anthoni Salim to build $700M hydropower plant in Singapore
PacificLight Power, backed by Indonesian billionaire Anthoni Salim, has won a contract to build a SGD1 billion (US$733 million) hydropower plant in Singapore.
January 7, 2025 | 02:35 pm GMT+7
Uber competitor Bolt starts recruiting Vietnamese drivers
Bolt, Europe’s first homegrown ride-hailing company and Uber’s main competitor in the continent, is now recruiting management staff and drivers in HCMC.
January 7, 2025 | 11:56 am GMT+7
Rewards pour in for Vietnam football team after ASEAN Cup win
Businesses and organizations have announced rewards worth billions of dong (VND1 billion = US$39,000) for Vietnam’s national football team following their victory in the 2024 ASEAN Cup final.
January 6, 2025 | 10:17 am GMT+7
Chinese auto brand Dongfeng to launch 4 units in Vietnam
China’s state-owned auto brand Dongfeng is set to enter Vietnam’s passenger auto market this month with four new models, comprising two electric and two hybrid units.
January 4, 2025 | 01:52 pm GMT+7
Hanoi's historic 150-year-old green rice cake facility suspended as production area sits next to washroom
Nguyen Ninh, a facility producing banh com (green rice cake) - a specialty well-liked by Hanoi locals and visitors, has been suspended due to food safety violations.
January 3, 2025 | 05:09 pm GMT+7
Police seen at mansion of diamond tycoon’s mother in central Vietnam
Police on Friday were seen at a mansion of Chu Thi Thanh, mother of "diamond tycoon" Chu Dang Khoa, in the central province of Nghe An.
January 3, 2025 | 04:05 pm GMT+7
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