News

The startup company would allow users to round-up everyday purchases and pool their spare change to invest in equities, bonds and other securities.

Following the agreement, Auchan would hand over its 18 super markets and e-commerce platform to Saigon Co.op.

The Ho Chi Minh City store, which opened in 2016, will be expanded to carry more items for families, while another outlet in Vietnam is on the cards.

Kasikornbank subsidiary KVision had earmarked US$245 million to invest in Thai and foreign startups, particularly those in Vietnam.

FDI commitments in the January – June period totaled US$18.47 billion, down 9.2% year-on-year.

The move is part of a broader agreement between Vietnam and Russia to further enhance cooperation in fields of oil exploration, agriculture, education, finance and banking, and nuclear energy, among others.

​About 70% of the initial revenue is expected to come from VIP gamblers, but Suncity is confident Vietnam’s economy is strong enough to bring in more mass gamblers.

The Ministry of Planning and Investment (MPI) proposed to set an investment capital threshold for PPP projects at VND200 billion (US$8.56 million).

The 11 projects are estimated to cost a total of VND118 trillion (US$5.04 billion), of which VND55 trillion (US$2.35 billion) in state capital would serve as investment funds for three public investment projects, and counterpart funds for the other eight projects.

SK Group registered to purchase Vingroup’s 154.3 million shares through private placement and others 51.4 million shares from Vingroup’s retail arm VinCommerce.

A domestic retailer would acquire Auchan’s business in Vietnam, of which the take-over process is scheduled to start in early June.

In Vietnam, the gender financing gap is estimated by the International Finance Corporation to be at US$1.19 billion.

The city would include an addition of 1,000 hectares into planning for industrial parks, targets to maintain the contribution rate of 27 – 28% to the state budget and GRDP growth rate of 8.3 – 8.5%.

Currently, the equity firm has five investment projects in Vietnam, two of which are in the field of finance.

The first phase will have 40 megawatts in capacity with an estimated cost of US$92 million, which can be expanded to 170 megawatts (MW).

Vietnam is emerging as a preferred destination for companies looking to resettle production because of tariff concerns emerged from the US – China trade friction.

Carlsberg, which currently holds a 17.34% stake in Habeco, has the right of first refusal for any stake sale from the Hanoi-based beer company, expressed interest in raising the stake, but discussions have dragged for years.

The farms, located in Thanh Hoa, Binh Phuoc, and Binh Dinh provinces, will produce 930,000 pigs in total every year, with construction to be completed by 2021.

Shifting production is expected to boost LG’s annual capacity of its smartphone plant in Vietnam by 83% to 11 million handsets from the second half of 2019.

With an offering price of VND120,000 (US$5.14) per share, Taisho was expected to part away with at least VND2.47 trillion (US$105.84 million) to complete the deal.