News

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.

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.