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Xiaomi Vietnam fined for violating consumer rights

Xiaomi Vietnam Co., Ltd was fined 290 million VND (about 11,000 USD) for three violations of consumer protection regulations, according to the National Competition Commission (NCC) under the Ministry of Industry and Trade.

Former FLC Group chairman takes steps to reclaim power after prison release

Trinh Van Quyet, the founding chairman of FLC Group, is exerting his power within the conglomerate through his planned participation in the FLC Holdings ecosystem.

Trinh Van Quyet eyes comeback through FLC holding structure

FLC’s planned shift to a holding company structure could mark a new chapter for founder Trinh Van Quyet as he seeks to rebuild influence within the group’s business ecosystem.

Ghana advances cashew industrialization through PSL Machinery partnership

PSL Machinery and the Government of Ghana have formalized a PPP partnership designed to support Ghana’s ambitious target of increasing domestic cashew processing capacity.

Petrovietnam outlines response plans as oil price risks intensify

Petrovietnam says it is strengthening inventory management, cash flow control and alternative energy development as global oil and LNG markets face mounting volatility.

CMC Telecom highlights AI-driven cyber defense at VSS 2026

Wrapping up its presence at Vietnam Security Summit 2026, CMC Telecom introduced its vision for helping enterprises build proactive cyber defense capabilities in an era shaped by AI and increasingly sophisticated threats.

Persa Place Sold-Out, Gamuda Land Second Time/Again Triumphs Nhon Trach Market

Persa Place achieved a complete sellout on launch day, reinforcing Springville’s growing appeal in Nhon Trach’s booming property market.

Vietnam power construction giant PC1 rocked by criminal probe

Vietnam’s leading power construction group PC1 is facing mounting pressure after chairman Trinh Van Tuan and several senior executives were prosecuted over alleged accounting violations and asset embezzlement.

Strong economic conglomerates drive domestic economic growth

The Politburo’s Resolution No. 68-NQ/TW on the private economic sector development, issued in May 2025, targets 2 million enterprises by 2030, including at least 20 major corporations participating in global value chains.

Vietnam moves to address nearly $1.7 billion in EVN accumulated losses

A draft amendment to Vietnam’s Electricity Law could pave the way for the recovery of nearly VND45 trillion in losses accumulated by state utility EVN during the energy crisis years.

CMC reshapes technology unit to accelerate AI-X strategy

CMC has restructured its Technology & Solution Division as the Vietnamese tech group accelerates its AI-X strategy for the 2026-2030 period.

Silent millionaire replaces indicted brother at Duc Giang Chemicals amid turmoil

Duc Giang Chemicals is facing one of the most turbulent periods in its history, with legal troubles, stock declines and leadership changes hitting the company simultaneously.

Vietnam renewable energy firms struggle under rising debt pressure

After years of explosive growth, several Vietnamese renewable energy companies are now battling mounting financial pressure and weakening profits.

Why a major Vietnamese solar power firm lost nearly US$38 million

A solar power company within the Trung Nam Group ecosystem has reported losses of nearly VND1 trillion (US$38 million) in 2025, marking a sharp reversal just one year after unexpectedly returning to profit.

Vietnam Airlines expands South Asia network with Colombo route

The national flag carrier Vietnam Airlines announced the launch of a direct route connecting Ho Chi Minh City and Colombo at a trade – investment – tourism cooperation forum held in the Sri Lankan capital on May 8.

Vietnam’s banking heirs step into spotlight as power transition begins early

While many family businesses in Vietnam are still struggling with succession planning, the banking sector appears to be one step ahead.

Tax violations cost Prudential Vietnam over VND135 billion

Prudential Vietnam must pay more than VND135 billion, approximately US$5.1 million, in additional corporate income tax to the state budget due to tax violations in previous years.

Dung Quat bio-ethanol plant launches its first batch of E100 product

After a prolonged period of suspension, the Dung Quat bio-ethanol plant resumed operations in early 2026 and has produced its first batch of E100 ethanol.

Steel tycoon eyes rail production and Red River mega project

Hoa Phat chairman Tran Dinh Long outlines plans to produce railway steel by 2027 while exploring a transformative urban project along the Red River.

Three fuel giants penalised amid stockpiling concerns

Vietnam’s market regulators have sanctioned leading petroleum distributors after uncovering breaches in minimum stockpile requirements.