sapo receives investment while local startups flounder

Sapo receives investment while local startups flounder

As local startups have been experiencing a crisis due to COVID-19, Sapo – a startup specialised in providing sales tools – has just received a million-dollar investment from South Korea's Smilegate Investment Fund (SGI) and domestic Teko Ventures Fund.
vietinbank puts huge debt on trade

VietinBank puts huge debt on trade

VietinBank has put its VND800 billion ($34.8 million) debt on sales to recover loans they gave out to Bach Khoa Viet Trading-Consultancy-Investment-Construction JSC long years ago.
dragon capital sells 23 million pc1 stocks

Dragon Capital sells 23 million PC1 stocks

Dragon Capital sold 23 million PC1 stocks as soon as its price rose 70 per cent against the VND10,000 (43.48 US cents) ditch in late March.
bidv lowers price of 55 apartments of the era town after poor sales

BIDV lowers price of 55 apartments of The Era Town after poor sales

Poor sales at The Era Town real estate project forced BIDV to lower the price of 55 apartments to about VND14 million ($610) per square metre.    
covid 19 outbreak enhances trend of make where you sell

COVID-19 outbreak enhances trend of "make where you sell"

The COVID-19 outbreak is accelerating the shifting of corporate mindsets on diversifying from China and onboarding the trend of “make where you sell”. That may be the main reason behind Apple's rellocation in manufacturing lines in Vietnam.
appeal court announces verdict for case involving ex leaders of da nang

Appeal court announces verdict for case involving ex-leaders of Da Nang

The Hanoi-based High-level People’s Court on May 12 announced the verdict of an appeal trial for a case in which two former top leaders of Da Nang and their accomplices were linked with the illegal acquisition of State-owned housing and land in the central city.
facebook and google report downturns in advertising revenue due to covid 19

Facebook and Google report downturns in advertising revenue due to COVID-19

The sudden increase in the number of users during COVID-19 could not save Facebook, Google, and other tech firms from the health crisis. Experts forecast that the impacts will stay with them in the second quarter.
pvx prepares to delist from hnx due to weak performance

PVX prepares to delist from HNX due to weak performance

Tremendous prolonged losses forced PetroVietnam Construction JSC (HNX: PVX) to delist from the Hanoi Stock Exchange.
big four in e commerce keep taking on losses despite firm market presence

Big Four in e-commerce keep taking on losses despite firm market presence

The "money burning" race in the local e-commerce scene is not over yet, with all Big Four competitors scampering to gain a larger market share.
covid 19 can accelerate the ipo of local tech stocks

COVID-19 can accelerate the IPO of local tech stocks?

As COVID-19 is buoying up global tech stocks thanks to the sudden growing demand for work and entertainment from home, it remains a question whether the pandemic could accelerate the IPOs of local tech companies.
pvoil reports loss of vnd538 billion 234 million in first quarter

PVOil reports loss of VND538 billion ($23.4 million) in first quarter

With the price of oil hitting rock bottom for the past 11 years and COVID-19 disrupting transport, PVOil reported a loss of nearly VND538 billion ($23.4 million) in this year’s first quarter.
media closes in on tech giant cash

Media closes in on tech giant cash

With journalism being one of the areas damaged by the pandemic lockdown with newsagents and other stores remaining closed worldwide, news agencies are increasingly pestering Facebook and Google for payments.
fahasa estimates 90 per cent drop in profit due to covid 19

Fahasa estimates 90 per cent drop in profit due to COVID-19

After closing a successful 2019 with great expenses for expansion, the Fahasa boat is rocked by the COVID-19 pandemic and the company is forced to revise its business targets for this year.
local oil stocks rebound as opec cuts output

Local oil stocks rebound as OPEC cuts output

As soon as the OPEC members have started cutting the output, the global oil price has steadily upgraded, leveraging up the local oil stocks these days.    
local petroleum firms forecast plunging revenue in 2020

Local petroleum firms forecast plunging revenue in 2020

Facing the dual pressures of COVID-19 and the oil price war between Russia and the OPEC, local petroleum manufacturers foresee great plunges in revenue this year.