sacombank to open subsidiary in laos

Sacombank to open subsidiary in Laos

The State Bank of Vietnam (SBV) Governor has authorised Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) to convert its branch in Laos into a separate, 100 per cent owned bank named Lao-Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank Lao).
ocean group to sell property projects

Ocean Group to sell property projects

According to information disclosed by Ocean Group’s (OGC’s) board of directors, the decision has been made to sell a series of real estate projects including Star City Hotel, Lega Fashion House and Star City Centre.
thaibev to buy 40 per cent of sabeco

ThaiBev to buy 40 per cent of Sabeco

Thai Beverage (ThaiBev), owned by Thailand’s third richest man Charoen Sirivadhanabhakdi, made a $1 billion offer to buy a 40 per cent stake in Saigon Beer-Alcohol-Beverage Joint Stock Company (Sabeco), according to The Wall Street Journal (WSJ).
romal vietnam company investigated for distributing fake appliances

Romal Vietnam Company investigated for distributing fake appliances

Local authorities initiated investigations against Romal Vietnam Company Limited, a company specialised in distributing European kitchen appliances, for importing counterfeit Chinese appliances branded as European goods to trick customers, according to the newswire Doi Song Phap Luat.
nestle vietnam has new general director

Nestlé Vietnam has new general director

It was announced on January 30 that Ganesan Ampalavanar has officially been appointed as country manager at Nestlé Vietnam starting February 1.
seven foreign pharmaceutical companies forced to stop their business

Seven foreign pharmaceutical companies forced to stop their business

​Seven foreign pharmaceutical firms’ business registrations and drug importing licenses were suspended for 12 months starting January 2015 due  to violations in their drug registration dossiers, according to Nguyen Viet Hung, deputy director of the Drug Administration of Vietnam (DAV), reported by local newswires.
acv to fund 702 million cat bi terminal

ACV to fund $70.2 million Cat Bi terminal

vinalines 608 million divestment from haiphong port

Vinalines’ $60.8 million divestment from Haiphong port

viettel to invest in myanmar

Viettel to invest in Myanmar

Viettel Global Investment JSC (Viettel Global), a subsidiary of Viettel Group, has approved a resolution to invest in a telecommunications company in Myanmar with the total registered investment capital of $1.8 billion, according to the company’s website.
doosan vina has new deputy general director

Doosan Vina has new deputy general director

Lee Sung Hoo was appointed as deputy general director at Doosan Heavy Industries Vietnam (Doosan Vina), which was announced on January 6.
hexagon metrology opens new office in hanoi

Hexagon Metrology opens new office in Hanoi

Thailand’s Hexagon Metrology celebrated the opening of its new representative office in Hanoi on December 20.
us fund pledges 89 million to hoang anh gia lai

US fund pledges $89 million to Hoang Anh Gia Lai

On November 16 Global Emerging Markets (GEM) fund signed a contract with Hoang Anh Gia Lai Group (HOSE: HAG) to invest VND1.7 trillion ($89 million) into the group.
vietnam suffers support industry shortcomings

Vietnam suffers support industry shortcomings

While many global corporations are trying to look for local suppliers in Vietnam to reduce manufacturing costs, Vietnamese companies are unlikely to be able to join international supply chain.