News

Last year, Vietnam raised a total of VND140 trillion (US$6.1 billion) from divesting VND8.9 trillion (US$392 million) in book value.

Singapore is currently the largest investor to Vietnam with foreign direct investment (FDI) of US$147.7 million in January, accounting for 33.4% of newly registered capital.

Mekong Capital has announced in a press release that its Mekong Enterprise Fund II (MEF II) completed a full exit from its investment in Mobile World Investment Joint Stock Company (MWG) at a returns multiple of 57x and internal rate of return (IRR) of 61.1%.

Raising the private sector is crucial for national development. It is necessary to devise a transparent law system which is committed to protecting the ownership rights of businesses and revise policies to develop private sector.

Power Generation Corporation 3 (Genco 3), under Vietnam Electricity Corporation (EVN), plans to offer 267 million shares, equivalent to 12.83 per cent of its charter capital, for sale at its initial public offering (IPO) scheduled for February 9.

PetroVietnam Oil (PVOil) successfully sold 20% of its charter capital through an initial public offering (IPO) for VND4.1 trillion (US$184 million) in proceeds, according to a company statement on January 25.

PetroVietnam Power (PV Power) is scheduled for an Initial Public Offering (IPO) on January 31 and then a listing on the Unlisted Public Company Market (UPCoM) on March 16, according to the latest report of Ho Chi Minh Security Corporation (HSC).

In 2017, the government raised VND135.6 trillion (US$6 billion) from selling the State’s shares in State-owned enterprises (SOEs), said Deputy Prime Minister Vuong Dinh Hue in an interivew with Bloomberg Television.

Vietnam National Shipping Lines (Vinalines) expects to hold its Initial Public Offering (IPO) before June 30, said acting CEO Nguyen Canh Tinh.

Shinhan Card, a subsidiary of Korea’s Shinhan Financial Group has reached an agreement of acquiring Prudential Vietnam Finance Company for US$150.8 million.

Vietcombank has registered to offload 7.6 million shares of Vietnam Airlines from January 24 – February 22, announced the bank on its official website.

Casinos will have to reserve a place for tax officials to supervise all activities directly or via electronic devices and camera systems, according to Circular No.46 of the Ministry of Finance (MoF) issued last December.

The entire share volume put on offer by Binh Son Refinery and Petrochemical (BRR) have been bought by 623 investors at the average price of VND23,043 (US$1) per share.

In 2017, State Capital Investment Corporation (SCIC) collected VND21.2 trillion (US$930 million) through divesting state funds from state-owned enterprises (SOEs), an increase of 19 times the initial investment.

Mobifone decided against auctioning off its 5.5 million shares in TPBank, a transaction that was expected to take place on the Hanoi Stock Exchange (HNX) on February 7.

Maritime Securities Incorporation (MSI) officially changed its name to KB Securities Vietnam (KBSV), according to Decision from Vietnam’s State Securities Commission on January 17.

The tax reduction and exemption on various items imported from the Republic of Korea (RoK) from this year will help further boost trade and investment ties between Vietnam and RoK next time.

PetroVietnam Power (PV Power) plans to offer 468.3 million shares of its chartered capital in an initial public offering (IPO) on January 31, that aims to raise at least VND 6.74 trillion (US$296 million), stated in its official website.

PetroVietnam Oil Corporation (PV Oil) is expected to sell 44.72% shares to strategic investors.

Vietnam’s railway sector is at the crossroad as reform is needed to stay ahead, or facing the risk of being left behind.