The duration of the delay has yet to be determined. Sources had previously said that the company had originally planned for its IPO to launch sometime this month or next. VNG declined to comment. Reuters has reported that the delay might last until next year. In a filing to the U.S. Securities and Exchange Commission, VNG said that it planned to offer some 21.7 million shares, with the proposed price range yet to be set. IPO proceeds would be used to pay original foreign investors who were direct shareholders of the company, and to repay outstanding loans, among other uses, according to the filing. Shareholders of VNG include Chinese social media and gaming giant Tencent, and Singapore state investor Temasek. Founded in 2004, VNG was Vietnam's first startup tech unicorn, valued at $1 billion or more, and it inked a preliminary agreement in 2017 with U.S. bourse operator Nasdaq Inc to explore an IPO. The Ho Chi Minh City-headquartered company's businesses include online … [Read more...] about VNG delays listing on US exchange
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Many iPhone 15 versions sell out, huge demand delays deliveries
In some markets such as the U.S., Singapore and Thailand, sales of the iPhone 15 started on Sept. 22. In markets in the second list, including Vietnam, Apple Store Online and Apple authorized resellers started taking pre-orders iPhone 15 at midnight on Sept. 22. Buyers expected to lay their hands on the device on Sept. 29, but only a small number will since the number of bookings has been enormous. Buyers of iPhone 15 and 15 Plus have to wait until Oct. 3 and of iPhone 15 Pro and 15 Pro Max until Oct. 18-25. There was a similar situation at retail outlets. The The Gioi Di Dong (Mobile World) website displayed the message "pre-orders sold out" by 4:00 a.m., and offered a discount for those who order later. But many buyers will have to wait until November for the device. The electronics retailer said some 20,000 customers had made deposits within two hours just like last year when the 256 GB and 512 GB Pro Max models in all colors sold out. The website of a … [Read more...] about Many iPhone 15 versions sell out, huge demand delays deliveries
Thien Long Group gearing towards ambitious revenue target
In July, Thien Long joined hands with Galaxy Education, a leader in online education based in Ho Chi Minh City’s Thu Duc city, in a deal which is set to aid Vietnamese people across the country to easily access educational products and services. “Cooperating with Galaxy Education is a stepping stone in the Thien Long ecosystem expansion plan as well as the company’s aim for a happy learning life for the Vietnamese people,” said Tran Phuong Nga, CEO of Thien Long Group. Building a complete stationery ecosystem is deemed a perfect formula to help Thien Long maintain high growth in revenue and profits. Along with this, early this month the group inaugurated two new Clever Box stores in Ho Chi Minh City’s Thu Duc and in Tien Giang, making five stores in total nationwide. The Clever Box store system, under Thien Long Group , was launched at the end of 2022 with a view to elevating the shopping experiences for consumers. In addition, Flexoffice Pte. Ltd. - a … [Read more...] about Thien Long Group gearing towards ambitious revenue target
Intel Tech Camp 2023 opens in HCM City
Young people try technologies at Intel Tech Camp 2023. The exhibition is organised in HCM City this weekend. — VNS Photo Thu Ngân A large technology and gaming exhibition, Intel Tech Camp 2023, opened in HCM City on Saturday, and is expected to welcome thousands of technology lovers over two days. Open until 9pm each day at Hoa Lư Stadium in District 1, Intel Tech Camp 2023 gathers 30 brands and agencies, bringing many advanced technologies and game devices to customers. Visiting the event, customers will enjoy many technology shows and seminars brought by Intel as well as other technology brands. Winning works from the Intel Creative Fest 2023, a competition for professional and amateur creators, are also displayed during the exhibition. This year, the competition attracted 3,500 creations. At the event, Intel also has an area for visitors to directly experience the Intel Unison application on laptops that meet Intel EVO standards. Launched by Intel in September last … [Read more...] about Intel Tech Camp 2023 opens in HCM City
Freelancing blooms amid Vietnamese young people
More young Vietnamese professionals are quitting their full-time jobs and becoming freelancers to earn more income and knowledge, reflecting a global trend. Inside a café in Ho Chi Minh City’s Tan Binh District, dozens of young customers hunch over their laptops to plow through a pile of work though the clock is striking midnight. Freelancing to blossom among the young The trend peaked during the COVID-19 pandemic and continues to thrive as the economy recovers. Working on more than one task simultaneously results in learning more skills but also comes with a lot of pressure. A regular customer of the café, H.P., has been working as a freelancer since he was 17 after abandoning jobs at convenience stores as “they are restraining and monotonous.” Grasping the market demand for designers, P. signed up for short-term training courses on the Internet while still studying at high school. After a year, he commenced taking jobs home which are said by P. to be “well-paid.” … [Read more...] about Freelancing blooms amid Vietnamese young people
Paralyzed Vietnamese woman finds love from China
In front of their parents, relatives, and friends, Zhou held Thuy’s hands and said his vow in Vietnamese, which he spent many nights learning by heart: "I will take care of you and love you forever." Thuy, 25, of the Central Highlands province of Dak Nong, and Zhou, 32, an electrician from China’s northeastern Liaoning province, were then officially husband-and-wife. To the Vietnamese woman, her happy ending with Zhou was "like a dream." Thuy and Zhou at their wedding ceremony last month in the Central Highlands province of Dak Nong. Photo courtesy of Thuy and Zhou Thuy got into a traffic accident in late 2017. Her life was saved after three major operations and four months in a HCMC hospital, but she was paralyzed. Thuy dropped her dream of going to university and thought all doors to a better life were now closed to her. She battled for a year with deep depression. Then, after learning to use her smartphone with the help of a pen in her mouth, she started an … [Read more...] about Paralyzed Vietnamese woman finds love from China
Vietnam news in brief – September 22
Keep updated on the latest news about Vietnam. Japan's Crown Prince Akishino speaks highly of Vietnam-Japan relations Japanese Crown Prince Akishino (2nd right), Crown Princess Kiko (3rd right), and Truong Thi Mai (4th right), chairwoman of the Vietnam-Japan Friendship Parliamentarians Group, visit a photo exhibition at the ceremony on September 21. Photo: VNA Japan's Crown Prince Akishino praised t he bilateral relations between Vietnam and Japan on September 21 - the day marking the 50th anniversary of establishing Vietnam-Japan diplomatic relations, hoping to contribute to strengthening the ties. Speaking at the celebration ceremony in Hanoi, the Crown Prince expressed pride in the 1,000-year friendship between the two nations and appreciated the affection felt by the peoples of the two countries towards each other. Crown Prince Akishino and Crown Princess Kiko are on a week-long visit starting September 20. They visited the Temple of … [Read more...] about Vietnam news in brief – September 22