In the last months of 2024, Vietjet is expected to receive 10 new generation aircraft to its leading modern fleet, meeting the development needs and serving people and tourists on all domestic and international routes.

Vietjet is operating a fleet of more than 100 aircraft.

The airline said that the new aircraft expected to be delivered from August 2024 will mostly be Airbus's most modern A321neo ACF aircraft. In 2019, Vietjet was also the first airline in the world to put into operation the A321neo ACF (Airbus Cabin Flex).

Recently, Vietjet also signed a contract to purchase 20 new generation wide-body aircraft A330neo (A330-900) from Airbus with a total value of 7.4 billion USD.

Vietjet is operating a fleet of more than 100 aircraft with the most advanced, modern and safest aircraft generations in the world such as A320, A321ceo, A321neo - A321neo ACF, A330 to protect the environment, save fuel with the goal of reducing net emissions to 0 (Net Zero) by 2050.

In the first half of 2024, Vietjet transported 13.1 million passengers and operated 70,154 safe flights. Vietjet recorded consolidated revenue in the first half of 2024 of VND 34,016 billion and pre-tax profit of VND 1,311 billion after 6 months, up 15% and 433% respectively over the same period, exceeding the annual plan by 21%.

With 10 aircraft to be received from now until the end of 2024, Vietjet will continue to expand its flight network in Vietnam and internationally, with new destinations in Australia, India, China, Japan, Korea, Indonesia, Thailand, Singapore, Malaysia, Laos, Cambodia, etc.

FPT Retail joins the race in the electronics market

FPT Shop, a technology retail chain of FPT Digital Retail Joint Stock Company (FPT Retail), has just opened 10 electronics stores nationwide. The electronics store will be a section next to the electronics and technology (ICT) product line.

FPT Shop has just opened 10 electronics stores nationwide.

The new stores are relatively large in scale, with an area of ​​over 200m2/store. FPT Retail also has strategic partnerships with 30 major electronics and home appliance brands such as Samsung, LG, Casper, Toshiba, Xiaomi, Daikin, TCL, Aqua, Sharp, Midea, Hisense, etc. to distribute products. The company plans to increase the total number of electronics stores to 50 by 2024.

FPT Retail's new move comes after the restructuring of the FPT Shop chain and somewhat "favors" development resources for the Long Chau pharmacy chain. The expansion into the electronics industry also makes the competition between FPT Retail and Mobile World more intense. These two retail businesses have been "chasing" each other in the fields of technology retail (ICT) and pharmaceuticals. MWG and FRT are also rivals in the pharmaceutical field when MWG owns the An Khang pharmacy chain and FRT develops the FPT Long Chau pharmacy chain...

The Board of Directors of Song Hong Corporation has agreed on a plan to transfer investment capital in a number of enterprises, including both listed and unlisted enterprises. The implementation period is from August 1 to October 31, 2024.

Specifically, SHG will transfer all 100,000 shares of Song Hong Shalumi Aluminum Group and 91 shares of Song Hong Construction Company through order matching on the floor.

The company will also transfer all investment capital in unlisted companies by agreement. The transfer price is agreed upon but not lower than the accounting book value of the Corporation (after deducting the provision for financial investment losses). This list includes the Song Hong Civil and Infrastructure Construction Company, the Song Hong Urban Construction and Consulting Company (formerly the Song Hong Urban and Architecture Consulting Company), and the Song Hong Hanoi Real Estate Company (formerly the Song Hong Hanoi Real Estate Investment and Trading). Currently, the Song Hong Joint Stock Corporation has set aside provisions for losses for most of the investment capital in these companies.

Earlier this year, the Board of Directors of Song Hong Joint Stock Corporation also agreed to transfer all capital of a series of companies, including Song Hong Central, Song Hong Real Estate Investment, Thao Nguyen Technology and Investment (formerly Song Hong Media Technology).

The above divestment move is part of the enterprise restructuring plan for the 2024-2025 period approved by the 2024 Extraordinary General Meeting of Shareholders of Song Hong Joint Stock Corporation on February 17, 2024.

According to the Company's leaders, after completing the divestment of State capital, the enterprise restructuring plan must be implemented to eliminate bad debts. Most subsidiaries and affiliated companies are making losses and have a lot of debt, so it is difficult to collect money after divestment.

The divestment is only to clear the debt of those companies, not affecting the financial statements of the Corporation.

In the period of 2024-2025, the Corporation will focus on divestment along with the final settlement of receivables/payables (if any) or dissolution/bankruptcy (if eligible) in case divestment is not possible; debt restructuring by swapping payables and equity; increasing charter capital to implement investment projects, buying and selling, merging, and establishing new enterprises; the parent company will focus on investing in real estate business, not directly acting as a construction contractor;...

Song Hong Corporation will also negotiate with banks to release machinery and equipment mortgaged at banks for lease, and at the same time effectively exploit the land at 70 An Duong to generate revenue to maintain operations.

In the near future, the company plans to increase its capital from VND270 billion to about VND770-820 billion in each phase, in accordance with the progress and restructuring roadmap as well as the financial needs of the investment project. Song Hong Corporation said it needs about VND200 billion to implement the Song Hong Tower multi-functional complex project; the capital need to restructure payable debts is about VND300-350 billion.

Digiworld reveals 1 failed M&A deal

At a recent investor meeting, the leaders of Digiworld Joint Stock Company shared notable information about the company's new business segments.

Digiworld sets revenue target for Q3/2024 at 6,000 billion VND

In the first half of 2024, the Vietmoney pawn shop chain had an average monthly loss of about VND1 billion, mainly due to headquarters expenses. The management believes that Vietmoney will continue to record losses for the rest of 2024. In previous announcements, Digiworld forecasted that Vietmoney's contribution to profits would be insignificant in the next 2 years.

Vietmoney's sales/store/month in the first half of 2024 (ie total loans issued) was VND2 billion (up 20% YoY). Of Vietmoney's 16 stores, 14 recorded slight profits at the store level, while the remaining 2 stores were still losing money.

Management said Vietmoney is likely to record corporate-level profits with average monthly sales/store at VND2.5 billion.

Information at the investor meeting also said that a potential M&A deal in the office equipment sector failed, but there is a high possibility of closing a potential deal in the consumer sector in 2025.

Regarding Achison's business situation, the company is expected to bring in 800 billion in revenue in 2024. The acquisition of 75% of Achison - a business specializing in distributing labor protection products and industrial equipment such as grinding stones, cutting stones, polishing machines... - is Digiworld's most notable deal in recent times.

Achison is also being watched by investors in the context of strong growth in FDI capital flows into Vietnam. A series of factories of major brands in the world such as Lego, Pandora, Samsung... built in Vietnam further reinforce expectations of growth in demand for labor protection equipment.

However, in the first half of 2024, Achison's sales were lower than management's expectations due to weaker-than-expected production activities. Achison established a branch in Hanoi, recording total revenue of VND360 billion, with a net profit of VND8 billion.

Previously, at the 2024 Annual General Meeting of Shareholders, Digiworld said that the acquisition of Achison had helped the company reduce costs and they set a revenue target for this segment of VND1,000 billion for 2024, i.e. 50% growth and after-tax profit of VND50 billion. Weak demand from Europe and America has caused orders in Vietnam to decrease and the revenue target for Achison has also had to be reduced.

Digiworld targets revenue for the third quarter of 2024 at VND6,000 billion (up 11% year-on-year and up 20% compared to the previous quarter).

 Beta Media and Aeon Entertainment establish joint venture

Aeon Entertainment (Japan) and Beta Media (Vietnam) agree to establish a joint venture

The project, which will operate under the Aeon Beta Cinema brand, aims to open more than 50 high-end cinema complexes by 2035. The first location is scheduled to open in 2025. While specific financial details were not disclosed, industry observers estimate the total investment to be around VND5 trillion ($198.2 million).

Aeon Entertainment, a subsidiary of Japan’s Aeon Group and the largest cinema operator in the domestic market with 96 locations, sees Vietnam as a key growth market. Nobuyuki Fujiwara, president of Aeon Entertainment, cited Beta Media’s local market knowledge and network as key factors in the partnership.

Meanwhile, Mr. Bui Quang Minh, Chairman of Beta Group, the parent company of Beta Media, also emphasized the potential for “breakthrough development opportunities” through the combination of Aeon's industry experience and Beta's deep local understanding.

Beta Cinema, a Vietnamese cinema brand, is said to have made quite good progress recently. In fact, Beta Cinemas is the cinema chain with the most potential franchise policy in the market. The company aims at a youthful, modern cinema concept leading the mid-range market segment, with prices suitable for standard equipment and spacious, modern facilities. Established in 2014, by 2024 the brand will have 20 cinema complexes nationwide.

According to information from the Vietnam National Coal and Mineral Industries Group (TKV), TKV will import 1.2 million tons of coal and consume 3.25 million tons in August 2024. TKV focuses on directing production units to be proactive, flexible, maximize resources and capacity, and strive to complete production and business targets.

TKV will import 1.2 million tons of coal and consume 3.25 million tons in August 2024.

According to TKV, entering August 2024, TKV will implement its production and business plan with a number of key targets. Produce 2.78 million tons of raw coal; 9.95 million m3 of stripped soil; 23.83 thousand meters of tunnel. Import 1.2 million tons of coal, consume 3.25 million tons.

In 7 months, TKV's total revenue is estimated at 100,721 billion VND, reaching 57.5% of the yearly plan, equal to 104.7% over the same period.

TKV produced 2.63 million tons of raw coal, consumed 3 million tons; excavated soil reached 8.9 million m3; tunneled 23,222 meters. Produced 114 thousand tons of converted Alumina minerals, consumed 122 thousand tons. Produced 9.82 thousand tons of copper concentrate, 1,650 tons of copper plates; 854 tons of zinc ingots; 8.48 thousand tons of steel billets. In addition, produced and consumed 815 million kWh of electricity; produced 4,900 tons of explosives, consumed 8,000 tons. Produced 9,000 tons of Ammonium Nitrate, consumed 8,000 tons.

Completing basic targets according to the operating plan, brought TKV's total revenue in July 2024 to 12,462 billion VND.

Thus, in 7 months, the total revenue of the Group is estimated at 100,721 billion VND, reaching 57.5% of the yearly plan, equal to 104.7% over the same period.