Tag: petroleum business

"We are undoubtedly facing intense competition," admitted Deputy General Director Tran Anh Minh, acknowledging the financial might of industry rivals. With Xanh SM's recent capital surge to a staggering 18,000 billion VND and Grab's impressive fundraising of 12 billion USD, Vinasun's own capital of over 1,100 billion VND seems modest in comparison.

With a successful raise of almost 1.8 trillion VND from the equity offering, the company is now well-equipped to bolster its investment activities and fuel its growth strategy. This capital injection will be primarily directed towards strategic investments, capital contributions, and enhancing the company's operational capabilities, setting the stage for expanded operations and accelerated business development.

The US dollar witnessed a surprising decline at commercial banks, hovering just above the 26,000 VND mark.