News

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.

Vinhomes, the residential property developer of Vingroup has been listed in Ho Chi Minh Stock Exchange (HoSE) on May 17.

The revised draft law on special administrative - economic units will restrict preferential treatments on casino integrated projects, informed the Standing Committee of the National Assembly.

Vietnam`s northern province of Bac Giang is working out measures in an effort to attract 2 billion USD in domestic and foreign investment in 2018.

Major Japanese retailer, Aeon, has launched the ground breaking ceremony for its US$180-million shopping mall in Vietnam on May 13.

As many as 40 percent of foreign direct investment (FDI) enterprises choose to use commercial arbitration in cases of disputes, rather than going to court, said Phan Trong Dat, Deputy Secretary General of the Vietnam International Arbitration Centre (VIAC).

Comvik is interested in the Vietnam`s government effort of the Mobile Telecom Service Company (Mobifone), said Zaman, the Chairman of Comvik Vietnam.

National flag carrier Vietnam Airlines (HVN)`s shareholders have approved a plan to move its shares from UPCoM to Ho Chi Minh City Stock Exchange (HoSE), announced the airline in its annual shareholder meeting on May 10.

Vietnam-based fund manager VinaCapital has increased its stake in food and flavors major Kido Group (KDC) from 4.97% to 5.03%, according to an announcement on the Ho Chi Minh City Stock Exchange (HoSE).

Japanese firm Nippon Sheet Glass Co Ltd will add capacity for the production of transparent conductive oxide (TCO) glass in Vietnam and the US in response to growing demand on the solar market.

The Hanoi People’s Committee has recently granted Official Letter No. 1941/UBND-KH&DT, speeding up the implementation and disbursement of the investment plan in Hanoi in 2018.