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News

VRG to modify equitization plan

VRG to modify equitization plan

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.

Danang to transform into smart city

Danang to transform into smart city

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.

MoT to remove 67% business conditions

MoT to remove 67% business conditions

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.

Vinafood 2 to be listed on UPCoM in April 23

Vinafood 2 to be listed on UPCoM in April 23

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.

KIDO to acquire 51% of Golden Hope

KIDO to acquire 51% of Golden Hope

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.

VTVCab to call off  IPO on April 17

VTVCab to call off IPO on April 17

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.

Italian enterprises keen on Vietnam's market

Italian enterprises keen on Vietnam's market

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 investor to invest in Luxstay

Japanese investor to invest in Luxstay

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

MoF to remove 50% of business conditions

MoF to remove 50% of business conditions

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

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.