For businesses wishing to evolve and market to the current and next generation of consumers, understanding the impact of key opinion leaders (KOLs) is crucial for sustained future success. Nguyen Pham The Lan, lawyer at Dentons LuatViet, observes how businesses that are slow to adapt to this new influence in consumer behaviour are at severe risk of falling behind.

The stagnating global economy has forced businesses into financial distress but has opened the door for potential buyers to consider strategic acquisitions that would be unlikely otherwise. Huyen Pham, senior associate of ACSV Legal, discusses the potential pitfalls that buyers should address in mergers and acquisitions of distressed assets in Vietnam.

As a socially responsible insurer, Hanwha Life Vietnam has joined the Vietnamese government in the fight against the coronavirus (COVID-19) pandemic and has quickly changed its business strategy to ensure sustainable development during these tough times.

Since the onset of the coronavirus (COVID-19) outbreak, Mondelēz International – one of the world’s largest snacks companies – has been committed to supporting organisations responding to food instability and emergency relief by making $15 million in financial and in-kind donations through Mondelēz International Foundation.

The initiative not only reflects the company’s commitment to communities where Sabeco operates, but also to its ecosystem of subsidiaries and suppliers as the aid programme is a part of Sabeco’s efforts to help relevant stakeholders sustain businesses and ensure stable work for employees in these difficult circumstances.        

FE XCELERATE is just the first of many FE CREDIT initiatives to engage and make greater contributions to  Vietnam’s startup ecosystem. The company envisages implementing more and more such programmes in the future to introduce best solutions to the market.  

Vietnam’s new draft law on public-private partnership takes inspiration from legal frameworks around the world and provides an opening to satisfy the country’s growing demand for infrastructure investment. ACSV Legal’s senior associate Huyen Pham writes on how the draft law’s provisions on viability gap funding, risk-sharing, and project financing can build on the status quo.

The former head of the Customer Relations Department at ANZ’s South Sai Gon branch, Nguyen Pham Gia Tho, abused his position to appropriate over VND91 billion ($3.95 million).

According to a recent announcement of Thanh Cong Textile Garment Investment Trading JSC (TCM), its foreign business partner Sears Holdings has filed for bankruptcy. Two of Sears Holdings’ member units – Sears and Kmart – regularly make transactions with TCM and contribute about 7 per cent of the latter’s revenue. VIR talks with Tran Nhu Tung, member of TCM’s board of management, about potential impacts on TCM.

Starting with an initial investment of just VND2 billion ($88,106), after 16 years of operation, Duc Viet Food JSC, known by its familiar brand name Duc Viet Sausage, was successfully acquired by Daesang Group of South Korea for a total purchase price of VND700 billion ($30.84 million). Hua Xuan Sinh, vice chairman of the Board of Directors cum general director of Duc Viet since establishment, has shared three tips that helped the company achieve miracle growth. Starting with an initial investment of just VND2 billion ($88,106), after 16 years of operation, Duc Viet Food JSC, known by its familiar brand name Duc Viet Sausage, was successfully acquired by foreign investors for a total purchase price of VND700 billion ($30.84 million). Hua Xuan Sinh, vice chairman of the Board of Directors cum general director of Duc Viet since establishment, has shared three tips that helped the company achieve miracle growth.  

FLC Group expects its new mega hotel in the central province of Binh Dinh's Quy Nhon town to continue the "no-vacancy" track record of other FLC hotels as the company remains optimistic of the potential for tourism in Vietnam.

Vietcombank has appointed CEO Pham Quang Dung as its new chairman.

Pham Thi Thu Diep, country general manager of IBM Vietnam, talked with VIR’s Hoang Anh about her experiences of navigating the overwhelmingly male-dominant IT landscape.

With a strong foundation built on academic excellence and a formidable professional track record, Pham Nhu Anh assumes the role of new CEO at Military Commercial Joint Stock Bank (MB), poised to steer the bank towards greater achievements.

Cooperation activities between Vietnam and the US continue to develop deeply in all fields, particularly in investment and finance, with businesses of the two countries playing a very important role, said Prime Minister Pham Minh Chinh.