Behind Baemin’s Ending: Losing Over Half of the Market Share to Grab and ShopeeFood,...
The Baemin saga comes to an inevitable close as parent company Delivery Hero struggles to exit the "unprofitable" market. Delivery Hero has previously attempted to sell Foodpanda Thailand to Line Man, divest part of its business in Asia to Grab, and offload Foodpanda Southeast Asia to Meituan, all to no avail. The reason for Meituan's failed acquisition was revealed to be the lack of profitability.
Drivers only need to pay a deposit of over 2 million VND to buy...
Selex Motors has partnered with the United Nations Development Programme (UNDP) in two projects to provide smart financial support packages for drivers of delivery companies when purchasing the Selex Camel electric motorcycles in Hue and Ho Chi Minh City.
Vinhomes achieves record-breaking revenue of over 100,000 billion VND, with a profit of more...
Vinhomes boasts the largest asset portfolio of any real estate company on the market, with a staggering value of 447 trillion VND.
Elevator Media Channel: Expert Insights and Business Perspectives
The elevator advertising channel is installed in the elevators that urban residents have to pass through every day, where they can see LCD screens playing advertisements while waiting or riding the elevator at any time.
“The ‘Pen King’ Thiên Long takes a ‘punch’ as demand weakens: Q4 2023 profits...
TLG's profits have declined by over half compared to the previous quarter. This also marks the first time in "pen king's" history that they have not achieved a hundred billion profit milestone in the same period (excluding Q4/2022, where they incurred unexpected marketing expenses).
From “King of Junk” to “King of Northland Air” – A life-changing journey through...
Before becoming famous in the industrial fan manufacturing industry and being known as the "King of Fans in the North", Mr. Tran Van Le had experienced challenging days in his entrepreneurial journey. He faced four instances of returned products, depleted funds, mounting debts, and demotivated workers. The future seemed bleak, with the possibility of either jumping off a building or abandoning the country if there was another product return...
Novaland reports over VND 1,600 billion in profit for Q4/2023, bond debt reduced by...
In 2023, Novaland achieved a profit of over 800 billion VND, in contrast to the first half of the year when the company incurred a loss of over 1,000 billion VND.
The Rich Paradox: Company owns 1.7 billion USD in cash, yet reports decreasing profits...
Every day, this business "pockets" over 5 billion VND in bank deposit profits.
Adapting to the trend, ITL is ready to take off.
Being attuned to global logistics trends is one of the secrets that helps ITL stay on track and shorten the journey towards our goals.
A “cake” over 100 million USD in Vietnam attracts the attention of many domestic...
The reality is that the journey to conquer AI technology by AMD has only just begun, and AI in the tech world has become a technology trend since 2023. More and more players are putting their efforts into exploring this new opportunity.
Latest article
The High-Speed Rail Race: Unveiling the Contrasting Visions of Vietnam’s Billionaires.
THACO and VinSpeed have jointly proposed a high-speed rail project for the North-South corridor with a total investment of over $61 billion. However, the two companies differ in their financial plans, timelines, and operational schedules.
Grand Opening of Sun Group Ha Nam’s Low-Rise Show Home
The four model homes with unique designs in the Kim Ngàn - Kim Tiền subdivision have been unveiled to investors, offering a rare opportunity to experience exceptional architecture in the heart of Sun Urban City, a thriving resort-style urban development in Ha Nam.
‘The Dark Side of Social Housing: Exploitative ‘Cò’ and the Distortion of the Market’
"There is a persistent issue of 'property touts' in the social housing sector in Vietnam, according to Mr. Nguyen Van Khoi, Chairman of the Vietnam Real Estate Association. These individuals buy and sell social housing slots at a premium, creating market distortions and causing frustration for legitimate homebuyers. The high demand for social housing has fueled this issue, with touts taking advantage of the situation to make a quick profit, often at the expense of those in need of affordable housing options."
