Steel giant targets 30 pct growth in profits

Hoa Sen Group has announced it targets 30 percent growth in post-tax profits this year to VND1.5 trillion ($65.2 million).

https://e.vnexpress.net/news/business/companies/steel-giant-targets-30-pct-growth-in-profits-4224707.html

Vietnam to grow at 7.8 pct in 2021: Standard Chartered

Standard Chartered Bank has forecast Vietnam’s economy will grow at 7.8 percent this year with manufacturing driving the revival.

https://e.vnexpress.net/news/business/economy/vietnam-to-grow-at-7-8-pct-in-2021-standard-chartered-4225459.html

A peek into Hanoi’s 2nd metro line

Hanoi’s second metro line tested its first train on Friday to prepare for commercial operations scheduled to start at the end of this year.

https://e.vnexpress.net/photo/economy/a-peek-into-hanois-2nd-metro-line-4225386.html

Northern Ninh Binh province seeks its own airport

Ninh Binh Province has sought a domestic airport to better exploit its tourism advantages and serve industrial development.

https://e.vnexpress.net/news/business/economy/northern-ninh-binh-province-seeks-its-own-airport-4224999.html

Vietnam to grow 6.8 pct a year in the next five years

Vietnam can see an annual growth of up to 6.8 percent in the 2021-2025 period if the global economy recovers from Covid-19 impacts.

https://e.vnexpress.net/news/business/economy/vietnam-to-grow-6-8-pct-a-year-in-the-next-five-years-4224513.html

Vietnam power utility unit to go public

A $2-billion power generation unit of state-owned utility Vietnam Electricity (EVN) will have an initial public offering on the country’s main bourse next month.

https://e.vnexpress.net/news/business/companies/vietnam-power-utility-unit-to-go-public-4224796.html

VN-Index enters third straight gaining session

The VN-Index added 0.22 percent to 1,166.78 points Friday, with real estate blue chips some of the market’s best performers.

https://e.vnexpress.net/news/business/economy/vn-index-enters-third-straight-gaining-session-4224556.html

VinFast introduces self-driving car models

Vietnamese automaker VinFast introduced Friday three new electric self-driving car models that will hit the market this year.

https://e.vnexpress.net/news/business/companies/vinfast-introduces-self-driving-car-models-4225027.html

HCMC continues to beat the drum for minibuses

Public minibuses remain on HCMC’s agenda despite the government’s rejection of the proposal since most of its streets are narrow and the metro has been delayed.

https://e.vnexpress.net/news/business/economy/hcmc-continues-to-beat-the-drum-for-minibuses-4223987.html

Leading brokerage reports rise in profit

The Ho Chi Minh City Securities Corporation, a leading brokerage, reported revenues and net profit rose by 26 percent and 23 percent in 2020.

https://e.vnexpress.net/news/business/companies/leading-brokerage-reports-rise-in-profit-4224919.html

AEON provides new momentum for Binh Duong real estate market

AEON Mall Binh Duong not only adds new shopping and entertainment facilities but also increases the value of real estate in Binh Duong New City.

https://e.vnexpress.net/news/business/aeon-provides-new-momentum-for-binh-duong-real-estate-market-4221390.html

Vietnam a global bright spot in electronics production

Vietnam stands to benefit from its emergence as a global bright spot in electronics production with some index scores exceeding China and India.

https://e.vnexpress.net/news/business/economy/vietnam-a-global-bright-spot-in-electronics-production-4223802.html

Leading taxi firm posts first ever annual loss

Vinasun, Vietnam’s second largest taxi firm, reported its first ever accumulated loss of VND211 billion ($9.15 million) last year.

https://e.vnexpress.net/news/business/companies/leading-taxi-firm-posts-first-ever-annual-loss-4224365.html

VN-Index resurges as money pours into large caps

The VN-Index soared 2.6 percent, or 29.53 points to 1,164.21 points Thursday, with banking stocks driving the market gains.

https://e.vnexpress.net/news/business/economy/vn-index-resurges-as-money-pours-into-large-caps-4224555.html

VPBank profits jump 26 pct

Lender VPBank reported a 26 percent jump in pre-tax profit last year to VND13 trillion ($564.24 million).

https://e.vnexpress.net/news/business/companies/vpbank-profits-jump-26-pct-4224318.html

E-payment startup GPay bags funding from South Korean investor

Vietnamese e-wallet provider Gpay has received an undisclosed amount in Series A funding from South Korean listed bank KB Financial Group.

https://e.vnexpress.net/news/business/companies/e-payment-startup-gpay-bags-funding-from-south-korean-investor-4224168.html

Food company profit jumps 60 pct

KIDO Corporation has reported a 59.6 percent surge in net profit last year to VND330 billion ($14 million), and attributed it to booming edible oil sales.

https://e.vnexpress.net/news/business/companies/food-company-profit-jumps-60-pct-4223781.html

Give cheap land for developing affordable housing: experts

Merely calling for more investment in the affordable real estate segment will not influence profit seeking investors, experts say.

https://e.vnexpress.net/news/business/industries/give-cheap-land-for-developing-affordable-housing-experts-4223964.html

VN-Index claws back 34-point morning loss

The VN-Index closed Wednesday up 0.33 percent, or 3.68 points, at 1,134.68 points after plunging to its lowest level in two weeks in the morning.

https://e.vnexpress.net/news/business/economy/vn-index-claws-back-34-point-morning-loss-4221145.html

Developers struggle to sell high-end apartments in HCMC

The number of high-end apartments remaining unsold in HCMC soared by 74 percent year-on-year in the last quarter of 2020 as demand slumped.

https://e.vnexpress.net/news/business/industries/developers-struggle-to-sell-high-end-apartments-in-hcmc-4223582.html

The giddy rise of Vietnam’s steel billionaire

Tran Dinh Long, dubbed the “king of steel,” had no experience in the steel industry when he decided to enter it anyway in the mid-90s.

https://e.vnexpress.net/news/business/companies/the-giddy-rise-of-vietnam-s-steel-billionaire-4223217.html

Covid-19 shadows as Hanoi real estate market recovers

Most real estate classes in Hanoi showed recovery signs in Q4 2020, but Covid-19 uncertainties continue to loom over the market this year.

https://e.vnexpress.net/news/business/industries/covid-19-shadows-as-hanoi-real-estate-market-recovers-4223358.html

Aviation industry could see revival in second half of 2021

The aviation industry will recover in the second half of 2021 with the advent of coronavirus vaccines, SSI Securities Corporation has forecast.

https://e.vnexpress.net/news/business/industries/aviation-industry-could-see-revival-in-second-half-of-2021-4223212.html

Panic selling sends VN-Index to biggest losing session in six months

The VN-Index tumbled 5.11 percent, or 60.94 points to 1,131 points Tuesday, erasing nearly all of its gains in January.

https://e.vnexpress.net/news/business/economy/panic-selling-sends-vn-index-to-biggest-losing-session-in-six-months-4221150.html

Vietravel Airlines to start flying next Monday

Vietravel Airlines is scheduled to make its maiden flight on January 25, and began ticket sales on Tuesday, its CEO, Vu Duc Bien, said.

https://e.vnexpress.net/news/business/companies/vietravel-airlines-to-start-flying-next-monday-4223074.html

Mitsubishi Vietnam recalls over 9,000 cars to replace fuel pumps

Mitsubishi Motors Vietnam is recalling 9,066 Outlander and Xpander cars to fix a fuel pump issue that could cause the vehicle to stall.

https://e.vnexpress.net/news/business/companies/mitsubishi-vietnam-recalls-over-9-000-cars-to-replace-fuel-pumps-4222514.html

VN-Index plummets over 74 points

Hundreds of stocks were offloaded as investors were thrown into a state of panic selling, causing the VN-Index to plunge by a historical record of 74 points Tuesday morning.

https://e.vnexpress.net/news/business/economy/vn-index-plummets-over-74-points-4223251.html

Government to invest $345 million to bail out Vietnam Airlines

The State Capital Investment Corporation said it is in discussions with Vietnam Airlines to invest VND8 trillion ($345.49 million) in the carrier through a rights issue.

https://e.vnexpress.net/news/business/companies/government-to-invest-345-million-to-bail-out-vietnam-airlines-4222972.html

VinaCapital invests further in live video streaming startup

A Vietnamese startup that provides multi-platform livestream service for social sellers, GoStream, has received a second round of investment from venture capital firm VinaCapital Ventures.

https://e.vnexpress.net/news/business/companies/vinacapital-invests-further-in-live-video-streaming-startup-4222973.html

Foxconn unit receives business license for $270 mln Vietnam plant

The FuKang Technology Company, a Foxconn unit, received a business license Monday to build a plant to produce laptops and tablets in northern Vietnam.

https://e.vnexpress.net/news/business/companies/foxconn-unit-receives-business-license-for-270-mln-vietnam-plant-4222816.html