News

Vingroup`s cooperation with BQ marks the first step towards the creation of made-in-Vietnam smartphones under the Vsmart brand, Vingroup said in a statement.

The deal is expected to cost the Japanese pharmaceutical company VND1.1 trillion (US$47.68 million).

VinaCapital`s larger holding in Coteccons has caught market attention, following its recent divestments in a series of companies.

Companies moving their businesses into Vietnam are not for Samsung to decide, but are entirely based on their own decisions and capacities.

In recent years, Phu Quoc Island has become one of Vietnam’s most attractive destinations for investors.

Vietnam`s industrial parks and economic zones remained the country`s spotlight in attracting foreign investment.

Merger and acquisition (M&A) in Vietnam’s real estate sector has surged strongly as foreign investors have optimized the channel to exploit the potential market.

Authority of the northern province of Vinh Phuc have rejected a US$350-million garment and textile dyeing project proposed by Hong Kong - backed TAL Group, due to concern over environmental pollution.

Vietnam’s stock market has become more attractive to foreign invested enterprises (FIE) as some of them have chosen to list here to leverage its high growth.

PetroVietnam Power Corp (PV Power), a subsidiary of Vietnam National Oil and Gas Group (PetroVietnam) will not seek strategic investors for its 28.82% stake as initially planned, according to Ho Cong Ky, Chairman of PV Power.

At the time of writing, shares of entertainment group Yeah1 were traded at VND300,000 (US$13.18) apiece - the upper limit in its debut on the Ho Chi Minh Stock Exchange (HoSE) on June 26.

New foreign investments into Vietnam through the initial public offerings (IPOs) of both state-owned and private enterprises have helped Vietnam continuously have a net foreign inflow to date this year despite adverse impacts from the global market.

The Ministry of Construction (MoC) has decided to reduce its holding in ceramics and building material corporation Viglacera from 53.97% to 36% starting this month, announced the ministry.

The Vietnamese government will unload shares in Vietnam National Shipping Lines, known as Vinalines, aiming to cut its stake in the shipping firm to as low as 65%.

The government should take bold measures to control inflation as its high rate may put pressure on the exchange rate and prompt foreign investors to withdraw capital from Vietnam’s stock market, experts warned.

Deputy Prime Minister Trinh Dinh Dung gave his approval to the Ministry of Planning and Investment (MPI)`s appraisal document on the Bamboo Airways investment project at Phu Cat Airport, Binh Dinh province.

Being one of the few markets in the world continuing to grow, Vietnam is a promising land for both foreign and local brewers, but the competition is increasingly stiff.

Entertainment group Yeah1 is set to go public on June 26 with over 27.37 million shares on offer, confirmed the Ho Chi Minh Stock Exchange (HoSE).

Binh Son Refinery and Petrochemical (BSR), the operator of the first oil refinery in Vietnam, has proposed selling a 49% stake through public auction, due to its inability to find strategic investors.

Entertainment group Yeah1 set to trade 27.37 million shares on the Ho Chi Minh Stock Exchange (HoSE) next week, announced the group in a roadshow on June 18.