FLC shares suspended from trading on UPCoM
HCMC – The Hanoi Stock Exchange (HNX) has announced it will not allow FLC Group to trade its shares on the Unlisted Public Company Market (UPCoM). On March 3, FLC stocks will be listed on the UPCoM market, but it will continue to be suspended from trading, according to the HNX. The company will
BAEMIN introduces B2B mall to provide eco-friendly packaging
HCMC – BAEMIN Vietnam has signed a cooperation agreement with SERVEONE Vietnam, a supplier of safe, recycled packaging solutions, to launch the B2B Mall initiative to provide eco-friendly packaging products to merchant partners. The launch is part of BAEMIN’s sustainability commitment to help
FLC told to pay for groundwater pumped without permit
HCMC – The government of Quang Ninh Province has told the FLC Group Joint Stock Company (FLC) to pay more than VND8 billion for the volume of groundwater the firm illegally pumped to irrigate its golf course from 2018 to 2021. Over the three-year period, the golf course pumped around 600,000 cubic
Gojek launches GoCar services at Tan Son Nhat airport
HCMC – Gojek, an on-demand platform, announced the launch of its GoCar service at the Tan Son Nhat International Airport in HCMC today, February 23. The launch is expected to meet the rising demand of thousands of passengers leaving and arriving at the airport’s domestic and international
FPT acquires Intertec International’s IT Services division
HCMC – FPT Corporation, a leading Vietnamese technology firm, has announced its acquisition of Intertec International’s (Intertec) IT Services division to further strengthen its North American nearshore delivery capabilities. The acquisition enables FPT and Intertec to provide customers with a
Novaland’s former chairman leaves board of directors
HCMC – Bui Xuan Huy, former chairman of the HCMC-based property company Novaland, resigned yesterday, February 22, for personal reasons. He said in his resignation letter that his decision followed the firm’s restructuring plan. Huy held the post of general director of Novaland for two consecutive
F88 strikes strategic deal with KBank
HCMC – F88 Business JSC (F88) signed a strategic cooperation partnership with Kasikornbank PCL-HCMC Branch (KBank) to increase financial inclusion to a broader segment of customers, including individuals and micro businesses, providing access to credits with preferential interest rates. This
Minimizing rental costs with multi-client warehouses
The logistics industry has expanded rapidly with double-digit growth in recent years and become essentially important to Vietnam’s social and economic development. In an interview with The Saigon Times, Mr. Le Thanh Vinh, general manager of Nhatviet Logistics, a logistics expert with 20 years of
Mobile World says to close stores in Vietnam, Cambodia
HCMC – Vietnamese retail firm Mobile World JSC will close its AVASport stores in Vietnam and the Bluetronics chain in Cambodia this year. AVASport is a chain of authentic sporting goods stores in Vietnam while Bluetronics is a household electronic appliance store chain in Cambodia, similar to the
Hung Thinh rejects rumors of paying salaries by vouchers
HCMC – Real estate developer Hung Thinh Corporation has denied rumors that the firm is paying salaries by real estate vouchers. An image of a document that went viral on social media showed that part of the employees’ salaries of Hung Thinh Corporation and its affiliated companies would be paid in
Hoa Binh’s leadership struggle comes to an end
HCMC – The struggle for the seat of board chairman of Hoa Binh Construction Group since late last year has begun showing signs of ending as one of two individuals involved has left, reported the local media. Hoa Binh has announced a resolution of its board approving the resignation of Nguyen Cong
Vietravel Airlines wants to increase capital nearly sixfold
HCMC – Vietravel Airlines has proposed the Government considering a roadmap to increase its investment capital from VND1,300 billion to VND7,642 billion by 2025. After more than two years of operation, Vietravel Airlines has three Airbus A321 aircraft, with a total investment capital of VND1,300