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A series of major layoffs are on the horizon as tech companies aim to cut costs and lift revenue, even after cutting thousands of jobs in recent years.
Most foreign fast food chains in Vietnam have failed to realise their initial expansion plans made upon entering the market. Recently, some have suggested that international brands have failed to defeat local Vietnamese food stalls.
Truong Hai, the biggest auto company in Vietnam, projected a sharply reduced profit in 2017, securing approval from the company's annual shareholders’ meeting in Ho Chi Minh City last week.
Last month, United Overseas Bank became the first Singaporean bank to receive an approval to open a wholly-owned subsidiary in Vietnam. The decision was announced by the State Bank of Vietnam (SBV) following Singaporean Prime Minister Lee Hsien Loong’s visit to Vietnam on March 21-24. The bank will be the ninth fully foreign-owned bank in Vietnam.
Google said it would ramp up hiring and developing new tools to prevent its ads from appearing on offensive YouTube videos, reacting to criticism that the company has not done enough to tackle this issue.
Vietnamese budget airline Vietjet Air will start trading 300 million shares on the Ho Chi Minh City Stock Exchange (HoSE) on February 28 at VND90,000 ($3.9) per share.
The financial problems of Doan Nguyen Duc, president of Hoang Anh Gia Lai Group and one of Vietnam’s most influential businessmen, are widely known. However, it was only until 2016 that his company’s income turned negative.
As tariffs decrease, Vietnam is importing more cars.
Vietnamese Prime Minister Nguyen Xuan Phuc has given the go-ahead to Hoa Phat's high-profile steel plant in the Dung Quat Economic Zone, newswire thanhnien.vn reported.
Vietnamese military-run telecom giant Viettel has officially received the license to build a new telecom network in Myanmar.