News

Hanoi-based Techcombank made a debut on the Ho Chi Minh City Stock Exchange (HoSE) with shares traded at VND102,400 (US$4.49) on June 4 at the close, down 20% from their reference price of VND128,000 ($5.62) apiece.

Mekong Enterprise Fund III (MEF III), a private equity fund of Mekong Capital has completed an investment in mattress and bedding solution provider Vua Nem, announced the fund on June 4.

The main hurdle in the divestment process of Hanoi Beer Alcohol and Beverage (Habeco) is its existing contract with Carlsberg, said Vice Minister of Industry & Trade Do Thang Hai.

Vietnam National Shipping Lines (Vinalines) expected to hold its initial public offering (IPO) in August and the first general shareholders meeting in September, informed the Group.

Tax incentives and land leasing policies at special administrative-economic zones (SAEZs) have generated mixed opinions among experts, especially with regard to the duration of the incentives on offer.

After three decades of attracting foreign direct investment (FDI), it is high time for the government to come up with a new strategy to lure and optimize the capital inflow.

Thailand`s Siam Cement Group (SCG) has signed an agreement to acquire the 29% stake in Vietnam`s Long Son Petrochemicals (LSP) from PetroVietnam for over VND2.05 trillion (US$90.2 million), according to a stock exchange filing by the Thai firm.

Cen Group`s real estate brokerage arm CenLand plans to list 50 million shares, equivalent to VND500 billion (US$22 million) of charter capital, on Ho Chi Minh City Stock Exchange (HoSE), according to the latest announcement on the stock exchange.

Vietnam`s telecommunication company Viettel Group and its partners will launch the first 4G mobile network in Myanmar in June 9 under the brand Mytel, the Vietnamese government said on May 28.

The Vietnam government plans to offload a 17.97% stake in ceramics and building material corporation Viglacera on the Hanoi Stock Exchange (HNX) by June, announced the firm on May 26.

The Vietnamese Government always creates favourable conditions for foreign businesses, including those from the South Korea, to invest and expand operation in the country, said Minister and Chairman of the Office of the Government Mai Tien Dung.

PetroVietnam Oil (PVOil) is in talks to sell a 44.72% stake to strategic investors later this year, after its US$184 million initial public offering (IPO) in January, its parent Vietnam Oil and Gas Group, or PetroVietnam, said on May 23.

Vietnam State has raised only VND1.57 billion (US$69,080) from transferring the right to buy 57.9 millions of its shares in flag carrier Vietnam Airlines in the auction on Hanoi Stock Exchange (HNX).

Entertainment group Yeah1 will trade 27.4 million shares, equivalent to VND274 billion (US$12 million) of charter capital, on the Ho Chi Minh City Stock Exchange (HoSE), informed HoSE.

The Nawaplastic Industries (Saraburi), a subsidiary of Thailand`s Siam Cement Group (SCG), has purchased an additional 170,040 shares plastic producer Binh Minh Plastic, lifting its ownership to 51.1, according to Ho Chi Minh City Stock Exchange (HoSE).

The Ministry of Culture, Sports and Tourism (MCST) is targeting to raise VND80 billion (US$3.52 million) by divesting the tourism service arm of state-owned energy giant PetroVietnam.

South Korean`s Hyosung Group has proposed to purchase 13 million shares of Corporation Dong Anh Electrical Equipment (EEMC) or 46% of the company`s charter capital at VND90,000 (US$3.94) apiece.

The South Korea poured US$2.32 billion in Vietnam in the first four months of 2018, making up nearly 30 percent of the inflow of investment in the Southeast Asian country.

Korea`s Mirae Asset Life Insurance has officially launched its merged entity with Prevoir Vietnam Life Insurance, marking its foray into rapidly growing Southeast Asian financial market.

Cuba has emerged as the third biggest investment destination of Vietnamese enterprises after Laos and Cambodia.