News

Yeah1`s acquisition of ScaleLab increases the total monthly YouTube views under the Yeah1 umbrella to 6.9 billion, and total YouTube subscribers to 610 million throughout the world.

Once completed the listing, the Ministry of Construction (MoC) would proceed with the divestment of its entire 54% stake in the company.

Viettel would be the first to develop a 5G network in Vietnam and has invested US$40 million for the development of its own 5G chipset.

Proceeds raised from the sales of treasury shares will be used as working capital to expand local and overseas markets.

Under the plan, Singapore’s sovereign wealth fund GIC is expected to hold 2.55% stake and Mizuho Bank for the remaining, so that the latter could maintain its stakeholding of 15% at the Vietnamese lender.

If successful, Platinum Victory will increase its holding at Vinamilk to 11.62% or 202.29 million shares from the current 10.62%, or 184.88 million shares.

The move would provide ThaiBev with a more transparent control of Sabeco, The Edge Singapore reported.

VTV’s divestment from the joint venture must be carried out in a cautious manner as it involves French cable television channel Canal+.

In addition to SSI, Dragon Capital is also a major shareholder in Vietnam`s other leading brokers Ho Chi Minh City Securities Corp (HSC) and Viet Capital Securities Company (VCSC).

Quang Ninh planned to turn Van Don into a start-up and business hub of the China – ASEAN business corridor, and by 2050 an investment center and growth engine for Vietnam’s economy.

The new 15-MW reactor may be located in Lam Dong or Dong Nai provinces.

The deal is expected to be completed by June 2019, for which real estate firm Hanoi Hotel Tourism Development would acquire the stake amount in offer.

The new facility, scheduled to start operation in 2026, is planned to serve diverse needs, such as education, training, radioisotope production and materials sciences.

The first phase of the project is scheduled to be completed in the first quarter of 2019 and become fully operational by the first quarter of 2022, local media reported.

This is one reason why Vietnam is the only emerging Asian nation outside of China that received net foreign portfolio inflows in this bear-market year.

Shares of Vietnam Airlines are traded on UPCoM at around VND34,000 (US$1.47) apiece, valuing the company at more than US$2 billion.

Under the brand name of FujiMart, the new supermarket targets middle-class in Vietnam.

By completing the move, Vietcombank is no longer a major shareholder in both banks in subject and meets the banking regulation on cross-holding limit, raising a combined net profit of about VND900 billion (US$38.4 million).

Google is considering procedures to set up a representative office in Vietnam on the basis of compatibility between local and international laws.

PV Oil sold a 20% stake as prescribed in the initial public offering in January for VND4.1 trillion (US$184 million) in proceeds, exceeding the government target of raising at least US$122 million.