tech employees being sacked by the thousands

Tech employees being sacked by the thousands

A series of major layoffs are on the horizon as tech companies aim to cut costs and lift revenue, even after cutting thousands of jobs in recent years.
foreign fast food chains show underwhelming performance in vietnam

Foreign fast food chains show underwhelming performance in Vietnam

Most foreign fast food chains in Vietnam have failed to realise their initial expansion plans made upon entering the market. Recently, some have suggested that international brands have failed to defeat local Vietnamese food stalls.
truong hai cuts prices and profit target in anticipation of import spike

Truong Hai cuts prices and profit target in anticipation of import spike

Truong Hai, the biggest auto company in Vietnam, projected a sharply reduced profit in 2017, securing approval from the company's annual shareholders’ meeting in Ho Chi Minh City last week.
vietnam lucrative for foreign banks

Vietnam lucrative for foreign banks

Last month, United Overseas Bank became the first Singaporean bank to receive an approval to open a wholly-owned subsidiary in Vietnam. The decision was announced by the State Bank of Vietnam (SBV) following Singaporean Prime Minister Lee Hsien Loong’s visit to Vietnam on March 21-24. The bank will be the ninth fully foreign-owned bank in Vietnam.
google revamps ad policies after complaints from governments brands

Google revamps ad policies after complaints from governments, brands

Google said it would ramp up hiring and developing new tools to prevent its ads from appearing on offensive YouTube videos, reacting to criticism that the company has not done enough to tackle this issue.
foreign investors show interest will vietjets shares fly high

Foreign investors show interest, will Vietjet's shares fly high?

Vietnamese budget airline Vietjet Air will start trading 300 million shares on the Ho Chi Minh City Stock Exchange (HoSE) on February 28 at VND90,000 ($3.9) per share.
debt laden hoang anh gia lai reports first net loss in 10 years

Debt-laden Hoang Anh Gia Lai reports first net loss in 10 years

The financial problems of Doan Nguyen Duc, president of Hoang Anh Gia Lai Group and one of Vietnam’s most influential businessmen, are widely known. However, it was only until 2016 that his company’s income turned negative.
vietnam imports more cars as tariffs drop

Vietnam imports more cars as tariffs drop

As tariffs decrease, Vietnam is importing more cars.
pm approved hoa phats 3 billion steel project in dung quat ez

PM approved Hoa Phat's $3 billion steel project in Dung Quat EZ

Vietnamese Prime Minister Nguyen Xuan Phuc has given the go-ahead to Hoa Phat's high-profile steel plant in the Dung Quat Economic Zone, newswire thanhnien.vn reported.
viettel officially licensed to expand in myanmar

Viettel officially licensed to expand in Myanmar

Vietnamese military-run telecom giant Viettel has officially received the license to build a new telecom network in Myanmar.
hoa sen group plans large scale restructuring

Hoa Sen Group plans large-scale restructuring

At its recent shareholders’ meeting, giant steel maker Hoa Sen Group (HoSE: HSG) received approval to restructure the company in the parent and subsidiaries model.
series of vietnamese exporters fall prey to canadian scammer company

Series of Vietnamese exporters fall prey to Canadian scammer company

The Vietnamese Association of Seafood Exporters and Producers (VASEP) claimed several Vietnamese seafood exporters have been cheated out of hundreds of thousands of dollars in their transactions with Echopack Inc. based in Quebec, Canada.
vietnam railways revenue in continuous decrease

Vietnam Railways revenue in continuous decrease

Vietnam Railways (VNR), the state-owned enterprise operating and maintaining Vietnam’s entire railway network, reported an 11.2 per cent decrease in revenue in 2016.
new competition forces vietnamese traditional lottery to raise prize

New competition forces Vietnamese traditional lottery to raise prize

Traditional lottery companies in the South have raised their maximum prize to VND2 billion ($88,260) since January 1, from the previous VND1.5 billion ($66,195), in an effort to compete with Viet Nam Lottery Company (Vietlott).
storm hagupit likely to hit vietnams ninh thuan binh thuan area tonight

Storm Hagupit likely to hit Vietnam’s Ninh Thuan-Binh Thuan area tonight

Tropical storm Hagupit has regained strength in the East Sea after being downgraded and will likely make landfall in Vietnam’s south-central coast tonight, the Vietnam National Center for Hydro-Meteorological Forecasting warned on Thursday morning.