News

Vietnam Opportunity Fund (VOF), VinaCapital`s flagship fund, has divested its entire stake holdings in the VinaSquare project in central Danang for US$7.9 million, according to the fund`s latest announcement on April 23.

In the recent series of new projects, many new products have emerged, receiving good signals from investors because they are able to attract high customers and bring them profits.

The southern province of Dong Nai has granted investment licences to 56 foreign direct investment (FDI) projects worth 456.6 million USD, fulfilling 45.6 percent of the yearly target.

The real estate market continues to be attractive to investors, but the level of competition would be much higher this year and the following years.

In 10 years, Samsung has increased its investment capital in Vietnam from US$670 million in 2008 to over US$17.3 billion in 2018.

Vietnam’s Triip on April 19 announced that it has raised an undisclosed sum of funding from Japanese strategic investor Gaiax and individual investor Nguyen Duy.

The state will hold 96.77% of Vietnam Rubber Group (VRG) charter capital, closing the door for investors to become major shareholder of the company, stated the modified equitization plan approved by the Deputy Prime Minsiter Vuong Dinh Hue.

Vietnamese software firm FPT looks to turn Danang into a "smart city" in two years, focusing on fields such as agriculture, medicine, energy and traffic.

The Transport Minister Nguyen Van The has signed Decision No.767 to remove and simplify 384 out of 570, or 67.36% business conditions under the Ministry of Transport (MoT)`s administration.

Vietnam Southern Food Corporation (Vinafood 2) will trade on UPCoM under code VSF with a total of 114.8 million shares priced at VND10,100 (US$0.4) apiece on April 23, according to an announcement from Hanoi Stock Exchange.

The Hanoi People’s Committee has recently issued Plan No. 89/KH-UBND on enhancing export in the city in 2018, as well as efficiency of investment and trade promotion program.

KIDO Group, formerly known as Kinh Do Corporation, plans to acquire 51% stake in cooking oil producer Golden Hope, announced the Group in its annual general meeting on April 18.

Vietcombank has successfully offloaded its entire shareholding of 6.67 million in Orient Commercial Bank (OCB) for a return of VND172 billion (US$7.5 million), more than double the expectation.

The Ministry of Transport (MoT) has announced to transfer the right to buy 57.9 millions of its shares in flag carrier Vietnam Airlines (HVN) in the auction which will be held on Hanoi Stock Exchange.

VTVCab, a unit of state-owned broadcasting agency Vietnam Television, is cancelling its initial public offering (IPO) on April 17 after only one investor registered to attend the auction, according to an announcement by the Hanoi Stock Exchange.

There are numerous optimal factors for foreign businesses, including Italian ones, to do business in Vietnam, said Stefano Balsamo, founder of the Diplomatia association and Vice Chairman of J.P. Morgan in Italy.

Japanese venture capital (VC) firm CyberAgent Ventures on Monday announced an undisclosed investment in Vietnam`s Airbnb-like startup Luxstay.

Out of 370 business conditions under the Ministry of Finance (MoF) management responsibility, half of this number is proposed to abolish and simplify.

Sovico Holdings, 52% owned by VietJet Air CEO Nguyen Thi Phuong Thao, has completed the purchase of additional 13.67 million shares of VietJet Air.

The northern province of Ha Nam commits to creating the most possible favourable investment environment for both domestic and foreign enterprises, including those from the South Korea and Gyeonggi province in particular.