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News

GIC no longer a major shareholder of VietJet Air

GIC no longer a major shareholder of VietJet Air

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.

VOF to invest in real estate brokerage firm CenLand

VOF to invest in real estate brokerage firm CenLand

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.

Metro Pacific acquires Tuan Loc Water's shares

Metro Pacific acquires Tuan Loc Water's shares

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).

Hapro raised US$43 million in IPO

Hapro raised US$43 million in IPO

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).

VAMC to auction Saigon One Tower project

VAMC to auction Saigon One Tower project

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.

GPBank to offload 26.9% stake in Kim Lien Tourism

GPBank to offload 26.9% stake in Kim Lien Tourism

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.

Protrade's IPO raises US$22.8 million

Protrade's IPO raises US$22.8 million

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).

Hapro's upcoming IPO attracts investors

Hapro's upcoming IPO attracts investors

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.

New capital mobilization mechanism for Hanoi urban infrastructure

New capital mobilization mechanism for Hanoi urban infrastructure

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.

Japan to promote investment in Can Tho City

Japan to promote investment in Can Tho City

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.