Corporate

Entering into agreements with Japan’s leading transport firm Willer Group and Singapore’s media tech firm IDOOH Pte., Ltd., Mai Linh is trying its best to re-conquer the market from Grab, which holds the upper hand. However, with its shrinking revenue over the past few years, perhaps Mai Linh needs to go even further to become viable. Mai Linh's motorbike taxi fleet reached 10,000 in just five months. Source: mailinh.vn Co-operating with Willer Group and IDOOH Mai Linh Corporation and Japan-based Willer Group on June 12 signed a Memorandum of Understanding in Tokyo city about improving road safety and handling traffic congestions in Vietnam. Speaking at the signing ceremony, Ho Huy, Mai Linh Corporation’s general director and chairman of the management board, said that the cooperation aims to apply new technologies in transport activities, such as ordering vehicles via phone applications, card payments, developing and running coach stations, and parking … [Read more...] about Mai Linh needs to redouble efforts to win back market from Grab

Savico sets low targets By Hung Le A Ford auto agent, which was recently inaugurated by Savico - PHOTO: HUNG LE HCMC - Saigon General Service Corporation (Savico), which trades in the auto, motorcycle and real estate sectors, has set targets of VND14.2 trillion (US$622.4 million) in revenue and VND175 billion in pre-tax profits for this year, up a mere 3% and 1%, respectively, over last year, which shareholders said are modest. At Savico’s annual shareholder meeting on June 15, Savico general director Mai Viet Ha said the targets have been set based upon the corporation’s current business conditions. According to Savico, auto sales will decrease by 10% in the first half of the year, as local importers cannot receive vehicle type approval certificates from exporting countries, as required in Decree 116 on manufacturing, assembly and the import of autos. However, the market will return to its regular growth path during the second half of the year. This year, the … [Read more...] about Savico sets low targets

US trade groups and some large companies such as Boeing said on Friday (Jun 15) they were beginning to evaluate how new tariffs in the US-China trade spat could affect their operations. Boeing, others assessing impact of US-China tariffs, (AFP Photo/Jason Redmond) "We are assessing the impact these tariffs and any reciprocal action could have on our supply chain and commercial business," said Boeing spokesman Charles Bickers. The comments came in response to news that President Donald Trump would impose 25 per cent tariffs on tens of billions in Chinese imports, sparking immediate retaliation from Beijing. Boeing garnered about 12.8 per cent of its 2017 revenues from China and is frequently seen as among the more vulnerable US multinationals to an all-out trade war. "We will continue to engage with leaders in both countries to urge a productive dialogue to resolve trade differences, highlighting the mutual economic benefits of a strong and prosperous aerospace industry," … [Read more...] about Boeing, others assessing impact of US China tariffs

Vietnam Airlines JSC is planning to sell and leaseback one GEnx-1B74/75 spare propulsor engine (SPE) for its B787 fleet with the ToT (transfer of title) schedule in September 2018. Vietnam Airlines to sale and leaseback of one spare propulsor engine for B787 fleet If interestedre, please do not hesitate to contact us at the following address: Phan Diem Anh, Finance and accounting department Email: [email protected] Nguyen Quoc Hung Anh – Finance and accounting department Email: [email protected] By Ha Vy … [Read more...] about Vietnam Airlines to sale and leaseback of one spare propulsor engine for B787 fleet

Local startups can join MTA Vietnam 2018By Hung Le BT Tee (L), general manager of UBM Vietnam, addresses a press meeting announcing MTA Vietnam 2018 - PHOTO: LE HOANG HCMC – MTA Vietnam 2018, the largest international precision engineering, machine tools and metalworking exhibition in Vietnam, will kick off on July 3 at the Saigon Exhibition and Convention Center in HCMC’s District 7. Notably, the four-day event will host pavilions for local startups. BT Tee, general manager of UBM Vietnam and organizer of MTA Vietnam 2018, shared the news with reporters at a press meeting announcing the event on June 15 in the city. Local enterprises need nurturing and competitive opportunities to approach international customers by joining manufacturing supply chains to achieve sustainable development in the marketplace, remarked Tee. Therefore, UBM Vietnam and the Multi Engineering Solutions Laboratory will jointly organize a booth chain specially designed for Vietnamese … [Read more...] about Local startups can join MTA Vietnam 2018