News

The Ministry of Education & Training (MOET) plans to remove and simplify 110 business conditions under the Ministry`s administration, equaling 51.9% of the current business conditions.

Airports Corporation of Vietnam (ACV) plans to divest an additional of 20% stake, equivalent to VND4.3 trillion (US$188.5 million) this year, announced the company.

Funds under VinaCapital have offloaded 420,000 FPT Retail shares in a trading session on May 2, resulting in a 100% profit after more than 6 months of holding, announced the asset management firm.

Vinhomes, the residential property developer of Vingroup, is expected to launch its initial public offering (IPO) in May 17 with the starting price of VND92,100 (US$4.04) a piece, announced the company on its website.

Platinum Victory has registered to purchase 14.51 million shares of Vietnam Diary Products Company (Vinamilk), announced the fund.

The Vietnam Posts and Telecommunications (VNPT) expects to raise VND102.5 billion (US$4.5 million) by selling an 8.52% stake in Saigon Posts And Telecommunications Service Joint-Stock Corporation (Saigon Postel Corp) on May 25.

The Hanoi People’s Committee has recently issued Decision No. 2049/QD-UBND on Cooperation Regulation for state authorities to manage business and investment subject to conditions of security and order in the Capital city.

Some notable names such as Vinamilk, Traphaco, Duoc Hau Giang Pharmaceutical, or Military Bank are not included in 2018 divestment plan of State Capital Investment Corporation (SCIC).

Foreign investors will be allowed to contribute capital to establish commodity exchange in Vietnam as per Decree No.51/2018/ND-CP, which will be effective from June 1, 2018.

The Vietnamese Government always creates favourable conditions for US enterprises, including JP. Morgan, to do business successfully in the country, Prime Minister Nguyen Xuan Phuc has said.

Vietnam attracted US$8.06 billion in foreign direct investment (FDI) in the first four months of 2018, equivalent to 76.1 percent of the figure in the same period last year, according to the National Statistics Office.

The Laguna Lang Co project has finally got the government`s approval to increase capital investment from US$875 million to US$2 billion.

Nawaplastic Industries, a subsidiary of Thailand`s Siam Cement Group (SCG), has successfully increased its shareholdings at Binh Minh Plastic to 50.9%, announced the Group.

Investment capital into innovative start-ups in Vietnam has remained limited compared to the region and the world though the value has increased in recent years, experts said.

VietJet Air, which controls almost half of Vietnam`s domestic airline market, is considering to list its shares on an overseas stock exchange, its founder and CEO Nguyen Thi Phuong Thao mentioned during its shareholders` meeting on April 26.

Investors have registered to buy the entire 164 million shares on sale by Techcombank in its upcoming initial public offering (IPO), announced the lender on April 27.

Three investors have registered intentions to purchase the whole 1.87 million shares of Kim Lien Hotel offered by Global Petro Commercial Bank (GPBank), announced the Hanoi Stock Exchange (HSO).

FPT Retail (FRT) has put 40 million shares on offer in its initial public offering (IPO) on April 26 with reference price of VND125,000 (US$5.48) apiece, said Ho Chi Minh Stock Exchange (HoSE) in an announcement.

The Ministry of Planning & Investment (MPI) considers to allow the private sector accessing the official development assistance (ODA) and other preferential loans.

PetroVietnam Power (PV Power), has been granted government approval to build two gas-fired electricity plants in southern Vietnam at a total cost of nearly US$1.5 billion, its parent company said on April 24.