News

Binh Minh Plastics will have its initial public offering (IPO) carried out on March 09, according to the State Capital Investment Corporation (SCIC).

Vietnam needs more airlines, besides the four current ones, to meet the increasing demand in the aviation market.

Vietnam`s military-run telecommunication group Viettel to invest US$1.5 billion to expand country`s 4G network.

Vietnam has decided to sell its entire 34.51% stake in Hanoi Trade Corporation (Hapro) in an initial public offering (IPO) scheduled for March 30.

Japan`s government and more than 20 companies are teaming up to construct a smart town in Vietnam by 2023, featuring self-driving buses and a host of energy-saving technology.

Sunseap International, the international arm of Singapore`s leading clean energy provider Sunseap Group, has signed an agreement with InfraCo Asia Development Pte Ltd (InfraCo Asia) to jointly develop a 168 MWp utility-scale solar power project in Vietnam.

Vietnam has raised VND664 billion (US$29.2 million) from the initial public offering (IPO) of its 93% stake in Vietnam Sugarcane and Sugar Corporation II (Vinasugar II) on Ho Chi Minh Stock Exchange (HOSE) on February 13.

Global private equity firm Warburg Pincus has set up a joint venture with major Vietnamese real estate and infrastructure firm Becamex IDC Corp. (Becamex) to create the largest logistics and industrial real estate developer in the country, according to a statement.

RHB Bank, Malaysia`s fourth-largest lender by assets, has announced that it plans to acquire the 51% stake in Vietnam Securities Corporation (VNSEC) for VND121.63 million (US$5.37 million) in cash.

Singapore-based security services company Ademco Security Group Pte., Ltd. (Ademco) has acquired 60% of one of Vietnam`s leading security solution providers, TNT Technologies Joint Stock Company (TNT).

Vietnam raised VND184.8 billion ($8.13 million) from the initial public offering (IPO) of Power Generation Corporation 3 (Genco 3), a subsidiary of Vietnam Electricity Corporation (EVN), on February 9.

Prospective investors have registered interest in less than 3% of the stakes the State is selling at the initial public offering (IPO) of Power Generation Corp. 3 (Genco 3), as stated in the Ho Chi Minh City Stock Exchange (HOSE)`s latest announcement.

Ho Chi Minh City attracted a total of US$6.38 billion foreign direct investments last year, with half of this are capital contribution and share purchase in state-owned enterprises (SOEs), according to the Ho Chi Minh Investment & Planning Department.

The Ministry of Agriculture and Rural Development (MARD) has approved the criteria for choosing strategic investors at Vietnam Southern Food Corporation (Vinafood 2), said the company in its latest announcement.

Foreign direct investment (FDI) enterprises` contribution to the state budget remains modest, in spite of receiving preferential treatment, stated the General Statistics Office (GSO).

The Ministry of Industry & Trade (MoIT) will continue its efforts to divest state capital from state-owned enterprises (SOEs) in 2018, said Tao Thi Kim Van, Deputy Head of Finance and Enterprises Renovation Department.

In January, total foreign direct investment (FDI) includes newly registered, increased, contributed capital, purchased shares reached US$1.25 billion, equaling 75.9% over the same period of 2017, according to the Ministry of Planning & Investment.

Vietnam National Textile and Garment Group (Vinatex)’s net revenue in 2017 is estimated at VND17.5 trillion (US$766 million), an increase of 13.2% over the last year, according to the company’s recent consolidated financial statement.

Vietnam has raised VND1.31 trillion ($57.7 million) from the initial public offering (IPO) of Vietnam Rubber Group (VRG) on Ho Chi Minh Stock Exchange (HOSE) on February 2.

The Vietnamese government has raised US$308 million (VND6.996 trillion) by selling 20% of PetroVietnam Power (PV Power) in an initial public offering (IPO) on the Hanoi Stock Exchange on January 31.