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The dilemma of Vietnamese smartphone brands

The dependence on outsourced components and fierce competitions in the low-priced segment are the obstacles that hinder Vietnam’s smartphone manufacturers.

https://e.vnexpress.net/news/business/industries/the-dilemma-of-vietnamese-smartphone-brands-4279610.html

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Gaming laptop sales surge as Covid keeps people home

Electronics stores are reporting a sharp rise in the sales of gaming laptops as the latest Covid-19 outbreak keeps young people at home.

https://e.vnexpress.net/news/business/industries/gaming-laptop-sales-surge-as-covid-keeps-people-home-4279347.html

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VN-Index dragged down by Masan, Vinamilk tickers

Vietnam’s benchmark VN-Index fell 0.6 percent to 1,258.70 points Monday, with Vinamilk and Masan tickers pulling it down by nearly 2.5 points.

https://e.vnexpress.net/news/business/economy/vn-index-dragged-down-by-masan-vinamilk-tickers-4276399.html

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Hyundai recalls cars to replace faulty anti-lock brake fuse

TC Motor, the manufacturer of Hyundai cars in Vietnam, is recalling 23,587 Tucsons to replace their anti-lock brake fuse.

https://e.vnexpress.net/news/business/companies/hyundai-recalls-cars-to-replace-faulty-anti-lock-brake-fuse-4279524.html

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Central province seeks approval for $27-bln LNG project by US firm

The central province of Khanh Hoa wants the government to add a new liquefied natural gas project worth $27 billion to the 2021-30 national energy master plan.

https://e.vnexpress.net/news/business/economy/central-province-seeks-approval-for-27-bln-lng-project-by-us-firm-4279224.html

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Domestic consumption, exports of steel surge

Steel exports and domestic consumption grew by 40 percent and 68 percent in the first four months of 2021.

https://e.vnexpress.net/news/business/industries/domestic-consumption-exports-of-steel-surge-4279375.html

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Vinhomes eyes 24 pct profit jump

Vietnam’s biggest property developer, Vinhomes, targets a 24 percent increase in post-tax profit this year to VND35 trillion ($1.52 billion).

https://e.vnexpress.net/news/business/companies/vinhomes-eyes-24-pct-profit-jump-4279179.html

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South Korean firms prefer Hanoi to HCMC for office lease

South Korean companies prefer Hanoi over Ho Chi Minh City for setting up an office since it offers more premium space, a study has found.

https://e.vnexpress.net/news/business/industries/south-korean-firms-prefer-hanoi-to-hcmc-for-office-lease-4278458.html

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Companies worried about hiring foreign experts under new academic strictures

Companies are concerned that hiring foreign experts will become more difficult with a decree requiring at least a bachelor’s degree in the related field of work.

https://e.vnexpress.net/news/business/economy/companies-worried-about-hiring-foreign-experts-under-new-academic-strictures-4278489.html

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Trungnam Group sells stake in wind power plant

The Trungnam Group has sold a 35.1 percent stake in its central Vietnam wind power plant to Japanese energy investor Hitachi Sustainable Energy (Hitachi SE).

https://e.vnexpress.net/news/business/companies/trungnam-group-sells-stake-in-wind-power-plant-4278772.html

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Aviation authority wants caps removed on domestic ticket prices

The Civil Aviation Authority of Vietnam (CAAV) has proposed removal of the price cap for flight routes with three or more airlines operating.

https://e.vnexpress.net/news/business/industries/aviation-authority-wants-caps-removed-on-domestic-ticket-prices-4278632.html

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Vingroup targets 54 pct revenue growth

Vietnam’s largest private conglomerate, Vingroup, has set a revenue target of VND170 trillion ($7.3 billion) for 2021, up 54 percent year-on-year.

https://e.vnexpress.net/news/business/companies/vingroup-targets-54-pct-revenue-growth-4278620.html

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Government allows 190 Chinese traders to enter Vietnam to buy lychees

The government has given permission for 190 Chinese traders to enter Vietnam to buy lychees in the northern province of Bac Giang.

https://e.vnexpress.net/news/business/industries/government-allows-190-chinese-traders-to-enter-vietnam-to-buy-lychees-4278543.html

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Steel firm to sell off treasury shares as price quadruples within one year

Nam Kim Steel Jsc plans to sell all 10 million treasury shares it holds, representing 5.81 percent of its capital, after their price quadrupled in less than a year.

https://e.vnexpress.net/news/business/companies/steel-firm-to-sell-off-treasury-shares-as-price-quadruples-within-one-year-4278486.html

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Dragon Capital hikes stake in VPBank

Investment fund Dragon Capital has bought 3.15 million VPBank shares to increase its holding in the lender by 0.13 percentage points.

https://e.vnexpress.net/news/business/companies/dragon-capital-hikes-stake-in-vpbank-4278477.html

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Small TVs cost more as component prices surge

Small-sized television sets (32 inch and less) have become more expensive this year, and industry insiders blame it on rising prices of TV components.

https://e.vnexpress.net/news/business/industries/small-tvs-cost-more-as-component-prices-surge-4278391.html

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Mobile World works with small electronics retailers to expand reach

Vietnamese electronics giant Mobile World has launched a collaboration program with small retailers towards increasing its market share.

https://e.vnexpress.net/news/business/companies/mobile-world-works-with-small-electronics-retailers-to-expand-reach-4278164.html

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Stop Covid-19 inspections on Vietnam imports, China requested

The Ministry of Industry and Trade has requested China to stop Covid-19 inspections on agriculture, aquaculture and frozen products imported from Vietnam.

https://e.vnexpress.net/news/business/economy/stop-covid-19-inspections-on-vietnam-imports-china-requested-4278275.html

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VN-Index gains despite surge in foreign investor sales value

Vietnam’s benchmark VN-Index rose 0.35 percent to 1,266.36 points Friday with foreign investor net sales value the highest in five weeks.

https://e.vnexpress.net/news/business/economy/vn-index-gains-despite-surge-in-foreign-investor-sales-value-4276398.html

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Masan seeks to raise $1 bln from feed unit stake

Conglomerate Masan is hoping to raise up to $1 billion by selling a stake in its animal feed unit Masan MeatLife Corp.

https://e.vnexpress.net/news/business/companies/masan-seeks-to-raise-1-bln-from-feed-unit-stake-4278152.html

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German enterprises in Vietnam remain positive despite pandemic

A survey has found 66 percent of German business in Vietnam expecting economic improvement in the country this year, up 20 percentage points from last year.

https://e.vnexpress.net/news/business/economy/german-enterprises-in-vietnam-remain-positive-despite-pandemic-4278156.html

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Startup with daily salary payment app bags $3 mln funding

Nano Technologies, a startup that has developed an app which allows workers to access accrued wages without waiting for payday, has raised $3 million in pre-seed and seed funding.

https://e.vnexpress.net/news/business/companies/startup-with-daily-salary-payment-app-bags-3-mln-funding-4278064.html

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Steel price rise ‘unusual’ amid plentiful supply: construction ministry

Steel prices have surged by 40-50 percent this year though there is no shortage, the Ministry of Construction said, calling it “unusual.”

https://e.vnexpress.net/news/business/economy/steel-price-rise-unusual-amid-plentiful-supply-construction-ministry-4277890.html

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Companies diversify to survive Covid-19 storm

Vietnamese companies hit by Covid-19 impacts are branching into new businesses to ensure cash flow and survive the pandemic.

https://e.vnexpress.net/news/business/companies/companies-diversify-to-survive-covid-19-storm-4277530.html

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Credit institutions struggle to sell high-priced collateral

Credit institutions have been struggling to find buyers for their high priced collateral properties because market demand is low.

https://e.vnexpress.net/news/business/companies/credit-institutions-struggle-to-sell-high-priced-collateral-4277473.html

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Startup raises $7.5 million for blockchain game

Vietnamese game developer startup Sky Mavis has raised $7.5 million in Series A funding round to further develop its blockchain game Axie Infinity.

https://e.vnexpress.net/news/business/companies/startup-raises-7-5-million-for-blockchain-game-4277695.html

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Ford to cease production of Tourneo minivan in Vietnam

U.S. automaker Ford will stop assembling its Tourneo minivan in Vietnam from June as demand for it plunges amid the Covid-19 pandemic.

https://e.vnexpress.net/news/business/companies/ford-to-cease-production-of-tourneo-minivan-in-vietnam-4277412.html

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Vietnam textile firms struggle to collect dues from US buyers

Vietnamese garment producers are struggling to recover monies owed by U.S. companies that have gone under.

https://e.vnexpress.net/news/business/industries/vietnam-textile-firms-struggle-to-collect-dues-from-us-buyers-4277355.html

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Soy milk chain withdraws from HCMC

Organic soy milk chain Soya Garden has closed its last store in HCMC and now operates solely in Hanoi.

https://e.vnexpress.net/news/business/companies/soy-milk-chain-withdraws-from-hcmc-4277337.html

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Thai conglomerate reports surge in Vietnam revenues

Thai-owned Siam Cement Group reported a 34 percent year-on-year jump in first quarter revenues to VND8.2 trillion ($354 million), mostly driven by its packaging and chemicals businesses.

https://e.vnexpress.net/news/business/companies/thai-conglomerate-reports-surge-in-vietnam-revenues-4277286.html

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