lazada to close the year with a bang

Lazada to close the year with a bang

On December 11-14, Lazada will hit the reset button for the annual sales season named “Online Revolution” following the previous successful mega sales dated on November 9-11 with 1.5 million products sold within three days.
tek experts launches second arm in hanoi

Tek Experts launches second arm in Hanoi

On December 7, Tek Experts Vietnam will launch its second office in Hanoi as part of its business expansion strategy to maintain the robust and sustainable development of the firm’s operations in the information technology (IT) sector.
pvcombanks third attempt to divest top industrial insurer

PVcomBank’s third attempt to divest top industrial insurer

Vietnam Public Joint Stock Commercial Bank (PVcomBank) proceeded with the registration of selling two million shares of PVI Holdings, insurance subsidiary of Vietnam National Oil and Gas Group (PetroVietnam), running up to the third attempt to divest the insurance firm over the past four months.
vincom retail takes home best private equity deal in asia pacific award

Vincom Retail takes home Best Private Equity Deal in Asia-Pacific award

On November 30, Vincom Retail scored “The Best Private Equity Deal across the Asia-Pacific” award from FinanceAsia magazine due to its humongous initial public offering (IPO) raising a record $740 million in less than 30 days.
first worldwide startup competition sparks up entrepreneurship spirit

First worldwide startup competition sparks up entrepreneurship spirit

Initiated in 2015, the global startup competition for Vietnamese enterpreneurs, VietChallenge, has successfully provided participants with financial initiatives of up to $32,000 as a hands-on action-based scholarship platform.
state of the art ba na hills golf club wins world class accolades

State-of-the-art Ba Na Hills Golf Club wins world-class accolades

On November 25, Sun Group-invested Ba Na Hills Golf Club took home two awards from World Golf Awards held in La Manga del Mar, Spain after it was named Best Golf Course in Asia and Best Golf Course in Vietnam.
uber and vietnams number one fintech firm shake hands on strategic alliance

Uber and Vietnam’s number one fintech firm shake hands on strategic alliance

Uber today officially became the strategic partner of Vietnam-based mobile electronic payment platform MoMo, with the intent of integrating a wholly digital payment experience into the leading ride-hailing online application.
new amendment denies dual roles for heads of cis

New amendment denies dual roles for heads of CIs

Under the new amendment of the Law on Credit Institutions (CIs) to come into effect on January 15, 2018, executives of credit institutions are not permitted to be members of another enterprise’s board of directors (BOD).
pastime for the high and mighty dodge ball with taxes

Pastime for the high and mighty: dodge ball with taxes

In late October, the recently disclosed Paradise Papers spilled the beans on the concealed wealth of the world’s elite, including prominent Vietnamese tycoons as well as world-renowned, influential politicians and entrepreneurs.
vietcombanks 15 million back to back divestments

Vietcombank’s $15 million back-to-back divestments

From the latest two divestments from Saigonbank and CFC, Vietcombank earned a total of $15 million, stepping up among the top 48 most profitable financial institutions across Asia.
hanwha life vietnam launches health is wealth insurance package

Hanwha Life Vietnam launches “Health is Wealth” insurance package

On November 21, Hanwha Life Insurance Co., Ltd. (Hanwha Life Vietnam) officially launched the new insurance package called “Health is Wealth” in Ho Chi Minh City, with the intent of delivering optimal insurance services to promote individuals and households’ overall well-being in Vietnam.
na gives unprecedented approval to bank bankruptcy

NA gives unprecedented approval to bank bankruptcy

On November 20, National Assembly (NA) officially passed the amended Law on Credit Institution (CI), which will be effective from January 15, 2018.
investment paradise vietnam catches eye of silicon valley venture capital firm

Investment-paradise Vietnam catches eye of Silicon Valley venture capital firm

Silicon Valley-based Fenox Venture Capital announced intentions to pour capital into Vietnam after immense investments in Indonesia in the last several years.
tran anh reveals larger loss before mwg merger

Tran Anh reveals larger loss before MWG merger

On the verge of a merger with Mobile World Investment Corporation (MWG), Tran Anh Digital World JSC (Tran Anh Digital) revealed a net loss of VND11.8 billion ($519,672), exceeding the net loss stated in its self-reported financial statement by VND4.8 billion ($211,392).
petrolimex stocks fall with sinking performance

Petrolimex stocks fall with sinking performance

Vietnam National Petroleum Group (Petrolimex, coded PLX), has witnessed a sharp drop in share prices after a vast wave of investors started selling its stocks and setting up stock discounts, following the drop in profitability since April 2017.