Opportunities

Vietnam National Chemical Group (Vinachem) plans to seek the approval of the Ministry of Industry & Trade (MoIT) for the equitization of the group and its subsidiaries in the first and second quarter, announced Vinachem on its website on March 8.

Hanoi Trade Corporation (Hapro) set the 2018 target revenue at VND5.07 trillion (US$222.5 million), up 14% on-year, announced the firm at its annual meeting on March 7.

Investors registered to purchase 14.3 million shares at Vietnam Textile Research Institute (VTRI)`s upcoming initial public offering (IPO), 6.3 times higher than the share volume on offer, announced the Hanoi Stock Exchange on March 7.

Hanoi Trade Corporation (Hapro) expects to raise at least VND972.8 billion (US$42.56 million) from its initial public offering (IPO) scheduled for March 30, according to the company`s announcement on February 26.

Techcombank plans to list its shares on the Ho Chi Minh City Stock Exchange (HoSE) this year and sell over 158 million treasury shares to foreign investors, informed the bank at its annual shareholders` meeting on March 3.

Vietnam has decided to offload 45.25%, equivalent to 2.26 million shares, in Vietnam Textile Research Institute (VTRI) in an initial public offering (IPO) scheduled for March 12, according to the Hanoi Stock Exchange.

The Tra Vinh Provincial People`s Committee has announced the key projects with incentives to attract investment in 2018.

The Vietnam Railway Corporation (VNR) hopes to raise at least 139 billion VND (6.2 million USD) in 2018 from selling its ownership in 15 subsidiary and affiliate companies, reported online newspaper baodautu.vn.

Hyosung Group will significantly expand investment in the chemical and heavy industry sectors in Vietnam, according to Group Chairman Cho Huyn-jun.

Foreign direct investment (FDI) enterprises, which have enjoyed multiple tax incentives, pay the lowest State taxes despite reporting high profits, statistics show.

Thailand`s largest solar energy company, Superblock, plans to invest 56 billion baht ($1.76 billion) to install 700 megawatts (MW) of wind farms in Vietnam, according to Reuters.

Hanoi Beer Alcohol and Beverage Corp. (Habeco)’s net revenue and net interest income in 2017 are estimated at VND9.8 trillion (US$430 million) and VND751 billion (US$33 million), according to the company’s latest financial statement.

Thailand’s Siam Cement Group (SCG) could potentially become the sole investor of the US$5.4-billion Long Son Petrochemicals complex (LSP) in Ba Ria-Vung Tau.

Vehicle registration certificates issued by foreign automobile manufacturers shall be accepted in Vietnam, says the Ministry of Transport (MoT)’s latest draft circular.

Vietnam Rubber Group (VRG) will offer 11.88% of its charter capital in an Initial Public Offering (IPO) on the Ho Chi Minh City Stock Exchange (HOSE) on February 2.

Chinese enterprises tend to enhance their presence in Vietnam through M&A, especially in the real estate sector.

The Petro Vietnam Oil Corporation (PV Oil) would witness dramatic changes after the initial public offering (IPO) on January 25.

Vietnam Electricity (EVN) has received official requests from foreign investors to purchase the maximum allowed 36% stakes of EVNGenco 3, stated in its official website.

Ahead of the Petro Vietnam Oil Corporation’s (PVOil) Initial public offering (IPO) on January 25 in the Ho Chi Minh Stock Exchange, eight investors have expressed interest in becoming its strategic shareholder in an effort to enter Vietnam’s petroleum market.

The Ministry of Transport has submitted to the government the equitization plan for Vietnam National Shipping Lines (Vinalines), for which the government currently holds 65% of the chartered capital.