News

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.

Toyota Vietnam (TMV) has decided to expand its plant`s surface in Vinh Phuc province, but a number of factors are hindering the plan.

Foreign firms have been increasing investment in Vietnam’s textile and garment industry to enjoy free trade agreements and low labor costs.

Platinum Victory has completed the purchase of 8.35 million shares in Vietnam Diary Products Company, known as Vinamilk, announced the fund.

The auction attracted 37 investors registering to purchase 83.57 million shares of Bach Dang Construction Corporation, four times the amount of shares put on sale by the Ministry of Construction, announced the Hanoi Stock Exchange (HNX).

Foreign logistics firms have flocked to Vietnam’s logistics industry strongly through merger and acquisition (M&A) deals in a move to cash in on market opportunities.

Nawaplastic Industries, a subsidiary of Thailand`s Siam Cement Group (SCG), has managed to acquire nearly 1.7 million shares in Binh Minh Plastic, announced the former.

Foreign developers are enhancing the investment in Vietnam`s industrial real estate projects to seize huge opportunities as the Southeast Asian country is projected to witness a strong manufacturing growth in the near future.

Cadivi Dong Nai has registered to purchase 2 million shares of Hanoi Plastics, lifting its shareholding from 25% to over 55%.

The Ministry of Planning and Investment (MPI) has proposed the Government give pilot permission for Vietnamese citizens to gamble in casino in a casino in Phu Quoc, Vietnam`s largest island in the southernmost province of Kien Giang.

The equitization of State-owned enterprises (SOEs) has remained unattractive to foreign investors due to regulations on limiting the foreign ownership at 49 percent, experts said, suggesting the government to remove it.