SCIC reports $286 million in pre-tax profit for 2020

The State Capital Investment Corporation (SCIC) announced on Thursday that its pre-tax profit increased 36 per cent in 2020 compared to the year prior, hitting an estimated VNĐ6.58 trillion (around US$286 million).

KIDO Foods’ profit jumps 10 per cent

Kido Frozen Foods Joint Stock Company (Kido Foods) has announced a growth of nearly 10 per cent in after-tax profit for 2020, reaching nearly VNĐ157 billion (US$6.8 million) despite facing many challenges caused by COVID-19.

Bắc Ninh rolls out red carpet for South Korean firms

The authorities of northern Bắc Ninh Province always create favourable conditions for foreign businesses, including those from the Republic of Korea (RoK), Secretary of the provincial Party Committee Đào Hồng Lan has said.

First Wink hotel to open in March in HCM City

Wink Hotels, a revolutionary new hospitality brand, which aims to redefine affordable luxury in Việt Nam on Thursday officially announced the opening of its first hotel in March 2021.

Exporters complain as cost for containers skyrockets

During the last three months, the cost to hire a 40-foot container increased to US$8,000, even to $10,000 in certain cases, from less than $1,000 at the beginning of 2020. It has sharply driven up expenses for exporters and raised concerns over a lack of transparency and inadequate price management of containers, said businesses during a meeting in Hà Nội with the Vietnam Maritime Administration (VMA).

E-commerce can take Vietnamese farm products to global market: workshop

Using online platforms to boost exports is an inevitable trend that will help food and beverages and agricultural products businesses penetrate the global market, reduce costs and quickly reach consumers, especially amid the COVID-19 pandemic, a workshop heard in HCM City yesterday.

MoMo closes Series D financing round

MoMo, Việt Nam's biggest e-wallet firm, has finished its Series D financing round from leading global investors, announced the firm in Hà Nội on Wednesday.

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