shb to get strategic partners on board at consumer finance arm

SHB to get strategic partners on board at consumer finance arm

SHB plans to sell part of SHB Finance to foreign strategic partners and will put this proposal up for discussion at its annual shareholders' meeting.
scic to sell entire 45 million shares in haiphong thermal power

SCIC to sell entire 45 million shares in Haiphong Thermal Power

State Capital Investment Corporation (SCIC) will divest its entire stake of 45 million shares in Haiphong Thermal Power JSC on April 22.
fortinet introduces self learning ai appliance for sub second threat detection

Fortinet introduces self-learning AI appliance for sub-second threat detection

FortiAI’s Virtual Security Analyst embeds one of the industry’s most mature cybersecurity AI – developed by Fortinet’s FortiGuard Labs – directly into an organisation’s network to deliver sub-second detection of advanced threats.
state owned corporations and groups may lose 13 billion due to covid 19

State-owned corporations and groups may lose $13 billion due to COVID-19

If the COVID-19 pandemic continues to last for a long time and the price of oil cannot recover, the revenue of 19 state-owned groups and corporations will see a plunge of VND279.76 trillion ($12.16 billion) this year, and eight of them will suffer a damage of VND26.32 trillion ($1.14 billion), according to the Committee for Management of State Capital at Enterprises.
bidv puts real estate projects debt on sale for 174 million

BIDV puts real estate project’s debt on sale for $174 million

BIDV will organise an auction to put on sale the VND4 trillion ($173.9 million) debt of Tai Nguyen Trading Manufacturing Construction Co., Ltd. at the Kenton Node hotel complex project, a billion-dollar urban area project in the south of Ho Chi Minh City.
dung quat oil refinery may suspend operation due to covid 19 pandemic

Dung Quat Oil Refinery may suspend operation due to COVID-19 pandemic

In the context of the COVID-19 pandemic, Binh Son Refining and Petrochemical Co., Ltd. (BSR) is considering suspending the operation of Dung Quat Oil Refinery due to overloaded stores until the market recovers.
8500 foreign experts and employees want entry into vietnam

8,500 foreign experts and employees want entry into Vietnam

About 8,500 foreign experts and employees are waiting for priority to entry into Vietnam to resume work, 2,000 of whom are working on national key projects.
retail price of electricity expected to decrease by 10 per cent due to covid 19

Retail price of electricity expected to decrease by 10 per cent due to COVID-19

At the government’s regular meeting on April 1, the Ministry of Industry and Trade (MoIT) proposed the prime minister to adjust the selling price of electricity to support households, manufacturers and hospitality facilities in the general difficulties caused by COVID-19 pandemic.
vingroup breaks profit record

Vingroup breaks profit record

Vingroup in 2019 has managed to break its previous record of VND7.149 trillion ($310.83 million) from 2013 by reaching VND7.717 billion ($335.5 million).
vinatex faces damage of 43 million due to covid 19

Vinatex faces damage of $43 million due to COVID-19

In case the COVID-19 pandemic is brought under control in May and the economy recovers from June onwards, the textile and garments sector is estimated to sustain a damage of VND11 trillion ($478.26 million), VND1 trillion ($43.48 million) of which will come from Vietnam National Garment and Textile Group (Vinatex).
toyota motor vietnam adjusts production plan in response to covid 19

Toyota Motor Vietnam adjusts production plan in response to COVID-19

Toyota Motor Vietnam will temporarily suspend vehicle production from March 30, 2020. The actual re-production date will be decided based on the outbreak situation, market demand, supply chain situation, the dealers’ stock, and the government’s regulations.
bidv and ncb looking at losing debts at saplastic

BIDV and NCB looking at losing debts at Saplastic

With Saigon Plastic Packaging JSC (Saplastic) standing on the brink of bankruptcy, there is little chance for BIDV and NCB to collect their dues from the company.
netizen in hot water for posting more han 200 fake news about covid 19 pandemic

Netizen in hot water for posting more han 200 fake news about COVID-19 pandemic

Despite the regulations on posting inaccurate news on social media and other networks, a key opinion leader (KOL) still ignores these regulations and released more than 200 statuses containing disinformation, reaching thousands of gullible readers.
largest wind turbines in asia to power vietnam

Largest wind turbines in Asia to power Vietnam

GE’s Cypress platform wind turbines used in the second phase of the Mui Ne wind farm invested by The Blue Circle and AC Energy will be the largest rotor diameter for an onshore project in Asia (158 metres) and will be the first to transport blades in two pieces before assembly on site.
duc giang chemical to develop 521 million project in thanh hoa

Duc Giang Chemical to develop $521 million project in Thanh Hoa

Duc Giang Chemical Group JSC, the producer of Duc Giang washing powder, plans to develop the Duc Giang-Nghi Son chemical complex in Tinh Gia district, Thanh Hoa province with the total investment capital of VND12 trillion ($521.74 million).