In a significant move in Vietnam’s corporate landscape, Vingroup, the country’s largest conglomerate, has completed the sale of a 41.5% stake and other assets in its retail arm, Vincom Retail, for a staggering $1.6 billion. This transaction ranks among the largest mergers and acquisitions (M&A) deals in Vietnam in recent years, underscoring the dynamism of the country’s economy and corporate sector.
Vietnam’s March Towards a Robust Legal Framework for Virtual Assets by May 2025
Vietnam is set to strengthen its legal framework concerning virtual assets by May 2025. The Ministry of Finance, along with relevant departments, is actively researching and constructing a legal framework to regulate or prohibit virtual assets and organizations providing virtual asset services, with completion expected in May 2025.
Ho Chi Minh City Unveils Multi-Functional AI Livestream Shopping Center
On January 25, Ho Chi Minh City’s Research and Development Institute introduced a groundbreaking AI-powered livestream shopping center, marking the first of its kind in Vietnam. This initiative aims to facilitate the transition of traditional businesses, particularly small retailers and brands, into the realm of modern e-commerce.
Biden’s Vietnam Visit: Promoting Global Stability and Strengthening Alliances in Asia
President Joe Biden’s 2-day visit to Vietnam starting on September 10 has been marked by his efforts to strengthen ties with Hanoi and build global stability, with a particular focus on Asia.
Vietnam Joins Hands with Neighboring Nations for Smoother Cross-Border Payments
In a heartening move, Vietnam’s central bank enthusiastically embraced an agreement on Friday, becoming an integral part of a collaborative endeavor involving five other vibrant Southeast Asian nations. This effort is all about establishing seamless cross-border payment mechanisms that foster stronger connections between these countries.
Vietnamese Internet Startup VNG Aims for New Heights with U.S. IPO
In this age of growing digitalization and exciting technological advancements, VNG’s courageous step represents something truly inspiring – the ability of up-and-coming markets to nurture groundbreaking tech companies that reach far beyond their local confines. As the world’s tech scene keeps progressing, VNG’s venture into the U.S. IPO scene serves as a shining example of how a bold dream and smart collaborations can create remarkable change.
Vietnam Tycoon Faces Volatility: VinFast’s Roller-Coaster Debut Shakes Founder’s Wealth
The world of electric vehicles (EVs) and green technology has been a hotbed of innovation and investment in recent years. One company that has captured significant attention in this space is VinFast Auto Ltd., a Vietnamese electric-vehicle manufacturer that made a remarkable debut on the Nasdaq stock exchange. The company’s initial public offering (IPO) took investors and the founder, Pham Nhat Vuong, on a wild ride, resulting in dramatic shifts in the company’s stock price and the chairman’s net worth.
VinFast’s Nasdaq Debut: A Surge in Shares and Ambitious Plans for the EV Market
The electric vehicle (EV) revolution continues to shape the automotive industry, with emerging players aiming to carve out their space in the market dominated by giants like Tesla. VinFast Auto Ltd., a Vietnamese EV manufacturer, recently made a splash in the financial world with its debut on the Nasdaq stock exchange. The company’s shares experienced a remarkable surge on their first day of trading, reflecting investor optimism and the potential of the EV industry in emerging markets.
Bamboo Airways Soars as Vietnam’s Largest Airline with Transformed Debt and Increased Charter Capital
Bamboo Airways, a Vietnamese airline, has successfully converted 7.72 trillion VND of debt into equity, making it the airline with the largest charter capital in Vietnam. This achievement surpasses Vietnam Airlines, which previously held the title with 22.143 trillion VND in charter capital.
Unveiling the Heritage Guide: Vietnam Airlines’ Exquisite Travel Companion for Exploring Vietnam
On June 15th, Vietnam’s national airline, Vietnam Airlines, officially launched a new travel guide publication called “Heritage Guide” on all domestic and international flights operated…
