corporate news

Update news corporate news

PNJ Lab case puts Vietnam's diamond certification sector under scrutiny

The arrest of PNJ Lab's former director in a diamond smuggling investigation has drawn attention to the crucial role certification laboratories play in Vietnam's jewellery market.

VinFast manufacturing arm appoints new chairman after CEO change

VinFast Production and Trading Joint Stock Company (VFTP) has announced the dismissal of Board Chairwoman Thai Thi Thanh Hai, shortly after billionaire founder Pham Nhat Vuong stepped down as the company's chief executive officer.

Halong Canfoco faces uphill recovery after food safety scandal

Halong Canfoco has resumed production after a major food safety scandal involving 120 tonnes of diseased pork, but restoring consumer confidence remains its biggest challenge.

The question behind EVN’s VND52 trillion profit

EVN has just announced a consolidated post-tax profit of nearly VND52,000 billion, the highest mark in its operational history.

What is the current status of Elon Musk's Starlink service in Vietnam?

Starlink is laying the groundwork for its satellite internet service in Vietnam, with experts saying its greatest value will be in areas beyond the reach of conventional telecom networks.

EVN reports profit as average employee pay rises in 2025

Vietnam Electricity (EVN) reported a profitable 2025, with average annual employee income at its parent company reaching VND479.219 million (about USD18,430) per person.

Hanoi tycoon abandons land bid, forfeits huge deposit

Just over a week after winning the auction for a prime land plot at No18 Cao Ba Quat in Hanoi with a bid of more than VND1.379 trillion, Duyen Ha Co., Ltd requested to withdraw, accepting the loss of a VND135 billion deposit.

CMC joins Hanoi's push to develop digital government and AI City

Hanoi and CMC Corporation have launched a five-year partnership to accelerate digital transformation, AI adoption and innovation through a series of concrete projects aimed at building a smarter capital.

CMC chairman urges transparent mechanism for strategic tech missions

CMC Chairman Nguyen Trung Chinh has called on the Government to establish a transparent mechanism for assigning national strategic technology missions, arguing that unclear implementation remains the biggest obstacle.

Pham Nhat Vuong steps down as VinFast Vietnam CEO

VinFast has announced a resolution removing billionaire Pham Nhat Vuong from the position of chief executive officer of its Vietnam manufacturing entity, effective June 22.

Vietnam billionaire Pham Nhat Vuong emerges as major LPBank shareholder

Vietnam Prosperity Joint Stock Commercial Bank (LPBank) has disclosed that billionaire Pham Nhat Vuong, chairman of Vingroup, has become one of the bank's major shareholders.

Coteccons climbs to No.285 on Fortune Southeast Asia 500

Vietnam’s construction contractor Coteccons has climbed another 19 places in the Fortune Southeast Asia 500, supported by stronger execution capabilities and a record project backlog.

CMC chairman joins Keidanren Board of Councillors

CMC Corporation has gained a stronger voice within Japan’s business community after its chairman was appointed to a senior advisory role at Keidanren.

SCB puts assets from 11 branches up for liquidation

Saigon Commercial Joint Stock Bank (SCB) has announced the liquidation of all assets, work equipment and materials at 11 branches across the country.

Viettel president: strategic technologies must be developed, not imported

Lieutenant General Tao Duc Thang, president of Viettel, emphasized that Vietnam must determine a roadmap for autonomy and form enterprises capable of leading the entire national technology ecosystem.

CMC appoints Dang Tung Son as Group CEO to lead next phase of AI transformation

CMC Corporation has appointed Mr. Dang Tung Son as Group CEO, marking a significant leadership transition as the technology group accelerates its ambition to become a global AI transformation company.

TNEX named "Best Digital Bank in Vietnam 2026" by The Asian Banker

TNEX has been honored as the "Best Digital Bank in Vietnam 2026" by The Asian Banker. Marking its fourth win, this prestigious award reinforces TNEX’s enduring position and commitment to excellence on the global digital financial map.

Senior executives at Vietnam power consulting firms arrested

A series of disclosures by listed electricity consulting firms has revealed the detention of chairmen, chief executives and senior finance officials.

TH Group seeks $1 billion funding as global investors circle

A planned fundraising round could value TH Group at $3.3 billion, placing it among Vietnam’s most valuable private consumer businesses.

Twenty-three largest Vietnamese enterprises earn nearly 144 billion USD

Total revenue of 23 largest Vietnamese enterprises reached approximately 3.8 quadrillion VND (144.5 billion USD) last year, according to financial statements from the companies.