Better links with FDI firms to support Hanoi businesses
Hanoi will continue to focus on quality projects, especially with partners such as Japan, the United States, and Europe to boost technology transfer.
Hanoi will continue to focus on quality projects, especially with partners such as Japan, the United States, and Europe to boost technology transfer.
The new draft Law on Special Administrative-Economic Units stipulated that US$2 billion is the minimum capital requirement to integrate a casino into an investment project.
The central province of Nghe An is striving to lure eight foreign direct investment (FDI) projects worth 100 million USD in 2018.
Singapore`s sovereign wealth fund Government of Singapore Investment Corporation (GIC) has reduced its ownership in Vietnam`s budget airline VietJet Air (VJC) to 4.97% and is no longer a major shareholder of the carrier.
Viet Capital Securities (VCSC)`s pre-tax profit target in 2018 is set at VND1 trillion (US$43.8 million), up 26% year on year.
Vietnam Opportunity Fund (VOF), the flagship fund of VinaCapital, announced on April 3 that it has made a private equity investment worth US$10 million in real estate brokerage firm CenLand to obtain a significant minority stake.
National Assembly`s Social Affairs Committee stated that key industries will be given to special economic zones.
Nawaplastic Industries, a subsidiary of Thailand`s Siam Cement Group (SCG) has registered to purchase an additional of 818,609 shares at Binh Minh Plastic, lifting its ownership to 50.89%.
Japanese trading firm Itochu spent about Y5 billion (US$46.9 million) to lift its stake in Vietnam National Textile and Garment Group, or Vinatex, to nearly 15%.
Infrastructure holding firm Metro Pacific Investments Corp. has acquired 49% of Tuan Loc Water Resources Investment (TLW), one of the largest water companies in Vietnam, for P1.99 billion (US$38 million).
Hanoi Trade Corporation (Hapro) saw a return of VND980 billion (US$43 million) for the sale of 75.9 million shares in its initial public offering (IPO) on March 30, announced the Hanoi Stock Exchange (HNX).
The Saigon One Tower project - the first mortgaged asset seized by Vietnam Asset Management Company (VAMC) for bad debt will be auctioned with the starting price of VND6.1 trillion (US$267 million), announced VAMC on March 27.
Global Petro Commercial (GPBank) expects to raise VND570 billion (US$25.08 million) by selling a 26.9% stake in Kim Lien Tourism, announced the Hanoi Stock Exchange (HNX) on March 28.
Binh Duong Manufacturing & Import Export Corp (Potrade) successfully raised VND524 billion (US$22.8 million), 46% higher than previous estimation from its initial public offering (IPO) on March 28, announced the Ho Chi Minh Stock Exchange (HoSE).
346 investors registered to purchase 93.2 million Hanoi Trade Corporation (Hapro)`s shares, 23% higher than the share amount on offer, informed the Hanoi Stock Exchange (HNX) on March 28.
The Ministry of Finance (MoF) on March 27 said it will review opinions proposing the removal of excise tax on locally made auto parts and exempting tax of input materials for domestic automobile manufacturers.
The government is expected to divest funds in a series of state-owned enterprises (SOEs) in the coming time, stated in a recent report of the Ministry of Finance.
Hanoi has been given permission to speed up process of mobilizing capital and selecting contractors for urban infrastructure development projects in form of public-private partnership (PPP), per the Deputy Prime Minister Trinh Dinh Dung`s request.
A memorandum of understanding (MoU) on establishing an agency for promoting investment and supporting Japanese enterprises in investing in the northern province of Vinh Phuc (Japan Desk Vinh Phuc) was signed in the locality on March 26.
Hanoi Stock Exchange (HNX) released a statement on March 23 to cancel the State capital Investment Corporation (SCIC)`s auction of Maritime Bank`s shares.
A conference entitled “Meet Japan – Mekong Delta region” will take place in Can Tho City on April 18 and19, expected to provide the city a golden opportunity to promote trade and investment ties with Japanese firms.