Former Japan Airlines executive chosen to lead Bamboo Airways
HCMC – Oshima Hideki, former Executive Officer of Japan Airlines Co Ltd, has been picked as chairman of Bamboo Airways to lead the loss-making carrier through tough times. At the privately-held airline’s annual general meeting of shareholders for 2023 yesterday, June 21, seven new board members of
All board members of Bamboo Airways step down
HCMC – Bamboo Airways has released documents in preparation for the upcoming general meeting of shareholders, confirming that all the five board members of the airline have tendered their resignation. Their resignation will be reviewed by shareholders at the meeting on June 21, during which Bamboo
Apple to open first online shop in Vietnam next week
HCMC – U.S. technology giant Apple Inc will open an online store, the first of its kind, in Vietnam, on May 18 to boost sales growth in emerging markets amid slowing sales in China. The Apple Store will offer the full line of hardware, accessories and services, especially shipping and personalized
MWG lays off thousands of workers in Q1
HCMC – Weak consumption led Mobile World Investment Corporation (MWG) to cut almost 6,000 jobs between January and March, marking the second consecutive quarter of its mass layoffs. MWG’s financial statement in the fourth quarter of 2022 showed that its workforce had been reduced to just over
German glass maker SCHOTT protects IP rights in Vietnam
HCMC – SCHOTT AG, a Mainz-based glass manufacturer, has signed a memorandum of understanding with the Vietnam Directorate of Market Surveillance on anti-counterfeiting cooperation and intellectual property (IP) protection in Vietnam. The German company will provide Vietnamese officials with
US$2.5 billion poured into VinFast
HCMC – Vietnamese conglomerate Vingroup and Chairman Pham Nhat Vuong have signed a deal to invest US$2.5 billion in electric vehicle manufacturer VinFast next year. Vuong will contribute US$1 billion to VinFast while Vingroup JSC will sponsor US$500 million and also provide VinFast with a loan of
Stringee receives Series A financing from DSVGF
HCMC – Local communication platform start-up Stringee JSC has successfully secured the first round of initial investment from DAIWA-SSIAM Vietnam Growth Fund III L.P (DSVGF), a private equity fund investing primarily in private and non-listed domestic companies. DSVGF’s decision was attributed to
FPT targets VND52,000-billion revenue in 2023
HCMC – Local technology solutions company FPT Corporation plans to generate total revenue of VND52,289 billion this year, rising by 18.8% year-on-year. The Hanoi-based business looks to earn VND9,055 billion in profit, an 18.2% increase over 2022. The technology segment is expected to spearhead
Shareholders vote down Bamboo Airways capital increase plan
HCMC – Bamboo Airways’ extraordinary general meeting this morning did not approve the private airline’s plan to issue new shares via private placement to increase its charter capital to VND9,570 billion. The meeting this morning, April 10, saw the participation of 93 shareholders holding over 1.73
Bamboo Airways wants to add VND10 trillion to charter capital
HCMC – Bamboo Airways is planning to increase its charter capital by nearly VND10 trillion through a new share issue to restructure its debt and fund its business operations. The plan will be submitted to the company’s extraordinary general meeting for approval on April 10. Bamboo Airways will
Real estate developer Novaland names new director
HCMC – Dennis Ng Teck Yow has been appointed general director of local property firm Novaland, succeeding Nguyen Ngoc Huyen today, March 17. Yow earned a Master of Business Administration in banking and finance from the University of Hull in the United Kingdom. He previously worked as general
DataStax partners with FIMO to empower Vietnam’s smart city expertise
HCMC – DataStax, the real-time data company, has signed a memorandum of understanding (MoU) with FIMO, a research center in smart city solutions, to improve Vietnam’s information and communications technology (ICT) workforce on March 16. FIMO aims to harness DataStax’s solutions, including the