VNR targets 8% revenue growth in 2018

Vietnam Railways (VNR) has targeted a revenue growth of over eight per cent on last year’s figure of VNĐ8.17 trillion, Vũ Anh Minh, the corporation’s chairman, said on January 20.

Work on $2.85m cake factory kicks off

Construction on a new cake factory, worth more than VNĐ65 billion (US$2.85 million) commenced on Saturday at Bình Dương Province’s Việt Nam-Singapore Industrial Park.

VCA supervises slowing down of iPhones

The Việt Nam Competition Authority (VCA), under the Ministry of Industry and Trade, said it would supervise the slowing down of older iPhones taking into account the interest of Vietnamese customers.

Uber names new leader for emerging markets

Ride-Hailing giant Uber appointed the company’s new general manager for Việt nam, Cambodia and Myanmar, with an aim towards enhancing its services in the three Asian countries.

Hotels launched in Đà Nẵng

The Empire Group has launched Pulse hotel in the chain of Boutique Hotels Cocobay including Pulse, Latido, Muze and Bisou hotels, adding more than 1,100 rooms to hospitality market of Đà Nẵng in 2018.

Securities company SSI sees surging growth

Saigon Securities Inc. (SSI) reported pre-tax profits of VNĐ380.8 billion (US$ 16.7 million) on revenues of VNĐ1.018 trillion ($44.8 million) in the fourth quarter of last year, up 344.7 per cent and 66.8 per cent year-on-year.

FWD launches new office in central VN

FWD Việt Nam Life Insurance Company(FWD) has officially launched its new representative office in the central city – the third of its kind after Hà Nội and HCM City – to provide better service to the market in central Việt Nam.

Ba Huân Company to diversify into processed foods

Ba Huân Company, which supplies fresh products and is well-known for its safe eggs in the southern region, has said that this year it will focus on processed items to offer customers more choices.

Phú Yên’s first hi-tech cow farm built

The project is divided into two phases. In the first phase, the group will invest VNĐ1.15 trillion (US$51 million) to develop a herd of 5,000 cows which is expected to yield 72 tonnes of fresh milk per day.

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