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  • VinFast Shatters Records with Over 115,000 EVs Sold in H1 2026: Dominates Vietnamese Auto Market

    VinFast Shatters Records with Over 115,000 EVs Sold in H1 2026: Dominates Vietnamese Auto Market

    In the first six months of 2026, Vietnamese electric vehicle manufacturer VinFast marked significant growth in the domestic market, reporting a 72% year-on-year increase with a record preliminary domestic delivery of 115,916 electric vehicles (EVs). This impressive performance positions VinFast as the first automotive brand in Vietnam to exceed 100,000 vehicle deliveries within the first half of the year.

    VinFast’s Strong Market Presence

    The month of June alone saw the delivery of 17,955 units, maintaining VinFast’s status as the country’s top automobile brand for the 21st consecutive month. With the Limo Green leading in sales with 3,868 vehicles delivered in June, closely followed by the VF 3 model which saw 3,550 units moving into the hands of customers.

    The success of the VF 5 and its derivative model, the Herio Green, continued with combined deliveries reaching 3,364 units. This was ahead of the VF 6’s total of 2,988 units. The VF 7 and the VF MPV 7 models also had a steady sales performance with 1,437 and 1,254 units delivered respectively.

    Over the span of six months, the Limo Green and the VF 3 emerged as VinFast’s leading models in the Vietnamese market with cumulative deliveries of 27,927 and 23,781 units respectively. Furthermore, the VF 5 and the Herio Green saw a combined delivery of 20,167 vehicles. Other models such as the VF 6, VF MPV 7, and VF 7 also maintained a steady performance with 14,045, 9,177, and 6,849 units delivered respectively.

    New Arrival in the Product Line

    VinFast is not just resting on its laurels. The automaker recently unveiled the VF 2, a compact urban EV, and has opened pre-orders in Vietnam with a price tag of VND188 million (US$7,200). Deliveries to customers are scheduled to begin as early as September.

    Questions & Answers

    What milestone did VinFast achieve in the first half of 2026?
    VinFast became the first automotive brand in Vietnam to surpass 100,000 vehicle deliveries within the first half of the year.

    What are the top-selling models of VinFast in Vietnam?
    The Limo Green and the VF 3 are the top-selling models of VinFast in Vietnam, with cumulative deliveries of 27,927 and 23,781 units respectively in the first half of 2026.

    What is the latest model introduced by VinFast?
    VinFast recently introduced the VF 2, a compact urban EV, which is currently available for pre-orders in Vietnam.

  • Citibank Korea Records Significant Q1 Growth: Noninterest Revenue Fuels Highest Earnings in Six Years

    Citibank Korea Records Significant Q1 Growth: Noninterest Revenue Fuels Highest Earnings in Six Years

    Citibank Korea has reported their most impressive quarterly earnings in over half a decade. The first-quarter net income witnessed a significant leap of 61% from the previous year, primarily due to a substantial rise in noninterest income.

    Citibank Korea announced a net income of 132.8 billion won (equivalent to $88 million) on a revenue of 330.5 billion won. This represents an increase of 23 percent from the previous year. The surge was primarily driven by a 77 percent escalation in noninterest revenue derived from the bank’s principal businesses, which include fixed-income trading, according to an official statement from the bank.

    In the first quarter, expenses saw a modest increase of 1 percent year-on-year, amounting to 156.4 billion won. On the other hand, the cost of credit recorded a net decrease of 600 million won, a drop of 111 percent from the previous year, owing largely to reduced credit costs in the corporate banking sector.

    Impressive Growth Amidst Challenges

    The quarter’s return on equity rose by 3.81 percentage points to reach 9.73 percent. Despite challenges such as geopolitical conflicts and increased volatility in interest and foreign exchange rates, Citibank Korea delivered its best quarterly performance since 2018, according to the bank’s CEO, Yoo Myung-soon.

    Myung-soon highlighted that this impressive performance was the result of a significant expansion in non-interest revenue across their core businesses in Banking, Markets, and Services. He emphasized the bank’s strategic focus and use of Citi’s global network, which aligns with the global progress of Citi, which posted its best results in a decade in this year’s first quarter.

    Questions & Answers

    What led to the significant increase in Citibank Korea’s first-quarter net income?
    The bank’s first-quarter net income saw a significant increase of 61%, primarily due to a substantial rise in noninterest income.

    What contributed to the decrease in the cost of credit for Citibank Korea?
    The cost of credit recorded a net decrease due to reduced credit costs in the corporate banking sector.

    What were the main challenges faced by Citibank Korea in the first quarter?
    Some of the challenges faced by the bank included geopolitical conflicts and increased volatility in interest and foreign exchange rates.

  • Vietnam Stocks Break Records: VN-Index Hits 1,909.01 Points Amidst Market Surge

    Vietnam Stocks Break Records: VN-Index Hits 1,909.01 Points Amidst Market Surge

    On Thursday, Vietnam’s principal stock index, VN-Index, concluded trading at an unprecedented high of 1,909.01 points. This represented a 0.94% increase from the previous day’s closing figure. Trading activity on the Ho Chi Minh Stock Exchange, which is the platform where the index is listed, surged by 26%, amounting to a total value of VND30 trillion (US$1.14 billion).

    Key Movers on the VN-Index

    In the VN30 index, which represents the 30 most significant capped stocks, 13 stocks registered gains. Leading the pack were STB of the Ho Chi Minh City-based Sacombank and VHM of the real estate titan Vinhomes, each recording a substantial 7% increase. Other notable gainers included LPB of Fortune Vietnam Bank, which climbed 3.6%, and HDB of HDBank, which closed 3.4% higher.

    However, not all stocks shared in these gains. Thirteen stocks in the VN30 index ended the day in negative territory, with the most significant drop being GAS of state-owned Petrovietnam Gas, which fell by 4%. Other significant losses were registered by DGC of Duc Giang Chemicals Group, which slipped 3.4%, and PLX of fuel distributor Petrolimex, which ended the day 3.3% lower.

    Foreign Investors’ Activity

    For the eleventh consecutive trading session, foreign investors were net sellers, offloading VND311 billion worth of stocks. Among the stocks most sold by these investors were FPT of tech behemoth FPT Corporation, ACB of Asia Commercial Bank, and KDH of property company Khang Dien House.

    The HNX-Index, representing stocks on the Hanoi Stock Exchange, which is home to mid and small cap stocks, fell by 0.28%. On the other hand, the UPCoM-Index for the Unlisted Public Companies Market finished the day 0.42% higher.

    Questions & Answers

    What was the closing figure for Vietnam’s VN-Index on Thursday?
    The VN-Index closed at 1,909.01 points on Thursday, marking a new peak.

    Which stocks led gains on the VN-Index?
    STB of Sacombank and VHM of Vinhomes led the gains, each with a 7% increase.

    What was the performance of foreign investors on the VN-Index?
    Foreign investors were net sellers for the 11th consecutive session, selling off VND311 billion.

  • Asics Shatters Fiscal Records in 2025: A Year of Exponential Growth and Expansion

    Asics Shatters Fiscal Records in 2025: A Year of Exponential Growth and Expansion

    Asics, a renowned Japanese firm specializing in footwear and apparel, has hit an all-time high in the 2025 fiscal year, demonstrating growth across all aspects of its operation.

    Stellar Financial Performance

    The fiscal year that ended on December 31, 2025, saw Asics garner as much as ¥810.9 billion (US$5.298 billion), marking a 19.5 per cent surge in growth from the previous year. The firm also recorded an operating profit of ¥14.2 billion ($92.8 million), an impressive figure by any standard.

    For four consecutive years, Asics has consistently set new records in terms of net sales and operating profit. Notably, 2025 was the year when the company’s Sport Style and Onitsuka Tiger brands crossed the ¥100 billion milestone in net sales.

    Brand Expansion and Innovative Projects

    Onitsuka Tiger, the luxury lifestyle label hailing from Japan, debuted its flagship stores in notable European cities such as Barcelona, London, and Paris in 2025. This move is part of Asics’ strategy to further strengthen its market presence. Simultaneously, the company has initiated the construction of the Onitsuka Innovative Factory, located in Sakaiminato City.

    Asics reported a 34.7 per cent increase in domestic sales on a year-on-year basis, attributing this to the 84 per cent boost in sales derived from tourists visiting Japan. This surge in domestic growth was mirrored by a 33.4 per cent rise in sales in Southeast and South Asia, underpinned by the opening of a flagship store in New Delhi.

    Despite initial concerns, Asics saw its sales in Greater China grow by 19.9 per cent.

    Supporting Global Athletic Events

    As the official partner of the 2025 World Athletics Championships held in Tokyo, Asics successfully executed targeted product launches in Japan, thereby solidifying its position among runners and athletes.

    Questions & Answers

    How much did Asics earn in the 2025 fiscal year?
    Asics reported earnings of ¥810.9 billion (US$5.298 billion) in the 2025 fiscal year.

    Which brands of Asics surpassed the ¥100 billion mark in net sales?
    Asics’ Sport Style and Onitsuka Tiger brands crossed the ¥100 billion milestone in net sales in 2025.

    What was the percentage increase in Asics’ domestic sales in 2025?
    In 2025, Asics recorded a 34.7 per cent increase in domestic sales from the previous year.

  • DBS Shatters Records with Pre-Tax Profit Surge Despite Global Tax Impact

    DBS Shatters Records with Pre-Tax Profit Surge Despite Global Tax Impact

    DBS, a Singapore-based bank, has reported a record pre-tax profit despite the overall net profit experiencing a decrease due to the institution of the new global minimum tax.

    In the year 2025, DBS reported a 3% decline in net profit, amounting to S$11 billion ($8.7 billion). However, the bank’s return on equity and return on tangible equity saw growth, reaching 16.2% and 17.8% respectively.

    Growth in Total Income

    DBS also demonstrated a rise in total income by 3% to a record S$22.9 billion. Key factors contributing to this increase included fee income and treasury customer sales. The bank’s wealth management sector lead the way in these gains, and the markets trading income was the highest observed since 2021. Notably, the cost-income ratio maintained stability at 40%.

    Influence of the Global Minimum Tax

    When considering the impact of the recently introduced global minimum tax of 15%, the bank’s pre-tax profit was slightly higher, reaching an all-time high of S$13.1 billion.

    DBS CEO, Tan Su Shan, expressed confidence in the bank’s performance. He emphasized the bank’s adaptability in capturing market opportunities and meeting client needs as crucial to its successful performance. With ongoing rate pressures and geopolitical tensions, he acknowledged these challenges but was optimistic about the bank’s strong balance sheet and the quality of its franchise to provide a stable foundation for the coming year.

    Questions & Answers

    What were DBS’s net profits for 2025?
    DBS reported a 3% decline in net profits for the year 2025, amounting to S$11 billion ($8.7 billion).

    What contributed to the growth in the bank’s total income?
    The growth in the bank’s total income was largely due to fee income and treasury customer sales, particularly from the wealth management sector.

    What is DBS CEO’s outlook for the coming year?
    Despite acknowledging ongoing rate pressures and geopolitical tensions, DBS CEO, Tan Su Shan, remains optimistic about the bank’s strong balance sheet and the quality of its franchise as a solid foundation for the future.

  • Unprecedented Surge: Vietnam Gold Soars as Global Rates Smash Historic Records

    Unprecedented Surge: Vietnam Gold Soars as Global Rates Smash Historic Records

    On Monday, the price of gold in Vietnam increased as global rates reached an unprecedented level due to expectations of further reductions in interest rates. The Saigon Jewelry Company saw a 0.57% increase in the price of their gold bars, rising to VND157.5 million (US$5,983.58) per tael.

    Gold Rise Continues

    Furthermore, the cost of a gold ring also saw a surge of 0.20%, escalating to VND154.1 million per tael. One tael is equivalent to 37.5 grams or 1.2 ounces.

    On the global front, gold prices rocketed to a record high on Monday. This surge was fueled by growing expectations for further U.S. interest rate cuts and strong safe-haven demand. Silver also joined in this rally, recording an all-time high.

    Spot gold saw a 1.2% rise, reaching a record of $4,391.92 an ounce. At the same time, spot silver experienced a 2.7% increase, attaining a historic high of $69.23.

    Impressive Gains

    Bullion, or gold and silver in bulk form, has experienced an impressive 67% gain this year, breaking numerous records and surpassing the $3,000 and $4,000 per-ounce milestones for the first time. These gains indicate that it is on track for its largest annual increase since 1979.

    Questions & Answers

    What factors are contributing to the rise in gold prices?
    The rise in gold prices is due to expectations for further U.S. interest rate cuts and strong safe-haven demand.

    What other precious metal has seen significant growth recently?
    Silver has also seen significant growth recently, joining in the rally with gold to reach an all-time high.

    How have these price increases impacted bullion?
    Bullion, or gold and silver in bulk form, has seen an impressive 67% gain this year, surpassing the $3,000 and $4,000 per-ounce milestones for the first time.

  • “McDonald’s Records Sweeping Sales Surge Globally Amidst Challenging Environment”

    “McDonald’s Records Sweeping Sales Surge Globally Amidst Challenging Environment”

    McDonald’s has recorded another quarter of increasing sales, largely credited to the firm’s emphasis on providing value. This success has been observed across all markets.

    Global and Domestic Sales Growth

    Global sales, comparable to the previous year, rose by 3.6% for the third quarter, which concluded on September 30. This growth succeeds a 2nd quarter increase of 3.8%.

    In the United States, sales showed continued positive progress, with a boost of 2.4%, mainly driven by check growth. International markets also performed well, resulting in a 4.3% improvement. Germany and Australia were notably strong performers in this segment.

    Performance of Licensed Markets and Overall Sales

    Sales in international developmental licensed markets demonstrated robust growth, with a rise of 4.7%. This trend was evident across all geographical regions, with Japan leading the pack.

    For the quarter, global system-wide sales exceeded $36 billion, showing an 8% increase on a reported basis and a 6% rise in constant currency.

    Management Commentary

    McDonald’s Chairman and CEO, Chris Kempczinski, commented that the company managed to yield “sustainable growth” even amidst challenging circumstances. He acknowledged that their focus on delivering everyday value and affordability, menu innovation, and effective marketing strategies continues to draw customers.

    Net Income

    In terms of net income, the fast-food giant saw an increase of 1% to $2.27 billion.

    Questions & Answers

    What was the increase in McDonald’s global comparable sales for the third quarter?
    The increase was 3.6% year-on-year.

    Which markets showed notable improvement in the international operated segment?
    Germany and Australia showed significant improvement in this segment.

    What was McDonald’s net income for the reported quarter?
    The company’s net income for the quarter was $2.27 billion, a 1% increase.

  • Liege Airport records a strong growth of +23% in the third quarter of 2025

    Liege Airport records a strong growth of +23% in the third quarter of 2025

    Liege Airport (LGG) has been experiencing an upward trajectory in terms of both aircraft movements and cargo volumes during the third quarter. A robust 23% growth in tonnage was recorded for the months of July, August, and September in 2025 as compared to the same quarter in 2024, while aircraft movements increased by 9%.

    Unwavering Performance

    Liege Airport’s performance remains commendable not only in the short term but also over the past two years. The airport’s CEO, Laurent Jossart, shed light on the recent success, stating that the air cargo community processed a significant 334,956 tons of freight in Q3 2025. This figure represents an impressive 23% growth from the previous year’s Q3 tonnage of 272,210. In addition, a year-to-date growth of 14.4% was reported.

    The notable growth of the last quarter was primarily driven by a healthy uptick in e-commerce imports, as well as the robust European exports flown via Liege Airport, which saw a quarterly growth of 26% compared to the previous year. This substantial growth underscores the increasing significance of Liege Airport to the European export industry.

    Concerning aircraft movements, a total of 7,262 cargo flights were operated – a 9% rise from Q3 2024, which recorded 6,691 cargo flights.

    Europe’s Prominent Full Freighter Airport

    Further highlighting LGG’s success is its consolidation as the leading full freighter airport in Europe, a milestone reached in 2025. In the first nine months of the year, Liege Airport became the leading hub for three verticals – flowers, e-commerce, and horses. Jossart added that a total of 961,640 tons of air cargo passed through their facilities.

    Looking at a longer timeframe, from 2019 to 2024, a recent global air traffic survey positioned Liege Airport among the top 5 cargo airports worldwide in terms of freight growth, having experienced a 29% increase.

    Laurent Jossart concluded by stating that this performance solidifies Liege Airport’s strategy of being a sustainable, efficient, and multimodal European logistics hub.

    Questions & Answers

    What has been the growth rate of Liege Airport in Q3 2025 as compared to Q3 2024?
    The airport recorded a 23% increase in tonnage and a 9% rise in aircraft movements in Q3 2025 compared to the same period in 2024.

    What factors contributed to the significant growth of Liege Airport in the last quarter?
    The growth was primarily driven by the healthy flow of e-commerce imports and the robustness of the European exports flown via the airport.

    What leadership position did LGG consolidate in 2025?
    LGG consolidated its position as Europe’s leading “full freighter” airport in 2025, handling a total of 961,640 tons of air cargo in the first nine months of that year.

  • Hanoi Stock Exchange earns record profit in 2020

    Hanoi Stock Exchange earns record profit in 2020

    The Hanoi Stock Exchange (HNX) posted VND399 billion ($17.3 million) in 2020 post-tax profit, a year-on-year increase of 28 percent.

    Its revenue rose 32 percent year-on-year to VND733 billion, 87 percent of which was from transaction charges.

    The exchange attributes its highest-ever revenue and post-tax profit earnings to the rise in corporate bonds issuance.

    According to HNX data, 2,408 corporate bond issues were registered last year, 92.5 percent of them successful. The value of bonds successfully issued by corporates in 2020 jumped 36 percent year-on-year to VND403.4 trillion.

    The exchange’s total assets were valued at VND1.35 trillion at end of 2020, up 6 percent year-on-year.

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  • Tower Records Tokyo chooses vinyl

    Tower Records Tokyo chooses vinyl

    The Tower Records Tokyo store in Shinjuku is cashing in on the Japanese market’s resurgence of interest in vinyl records.

    While Tower has sold records for a long time, the Tower Vinyl brand is seizing on the global vinyl revival that has seen consumers worldwide take a preference to the physical discs, with all the nostalgia they represent, over the more ephemeral and invisible distribution of digital music. The store now holds 70,000 records in stock – the majority of which are second hand.

    The vinyl revival is blossoming just as streaming technology hits a new peak in the territory.

    When the Recording Industry Association of Japan announced that streaming platforms overtook digital downloads last year, however, the association’s conclusions were criticised for failing to take into account any information regarding physical sales of music media and presenting an incomplete picture of Japanese music consumption.

    Vinyl records have been making a major comeback in Japan for some time, with HMV also launching a vinyl-album store in Shibuya in 2014 – having been absent for the district for several years, and now having expanded its operations since that time. Japanese artists have recently been releasing their music on vinyl, and – rather anachronistically – some 90s-era CDs have been reissued on vinyl record.

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  • Vietnam to digitize medical records for all citizens

    Vietnam to digitize medical records for all citizens

    The electronic system can be shared by healthcare providers across the countries to save time and money. The Vietnamese government has announced a plan to spend VND5 trillion ($220 million) on an ambitious project to create a nationwide system of electronic medical records.

    Under the plan, the government will still issue paper-based records to patients first but these will gradually be replaced by a digital system, built and run by the welfare agency Vietnam Social Security.

    The system, which will store personal medical records for all citizens, can be shared by health care providers to save time and money.

    Vietnam, like many other developing countries, is dealing with the double burden of infectious and non-infectious diseases, said Luong Ngoc Khue, a senior health official, adding that among non-communicable diseases, cancer has emerged as an alarming problem.

    Online personal health records can make it more efficient for doctors to make early diagnosis as well as easily monitor symptoms.

    The Vietnamese government has also announced a plan to issue electronic healthcare cards to all citizens to certify their rights to medical services anywhere, according to the government’s online news portal. With the new system, electronic healthcare registries in all 63 cities and provinces will be synced.

    Vietnam Social Security is in charge of developing a plan to sync health, social security and unemployment insurance into one single card.

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