Investment

MBI plans to establish 500 charging stations and battery leasing nationwide by the end of July 2019. The number would later be increased to 15,000 in 2020 with total investment capital of over US$1 billion.

With a par value of VND10,000 (US$0.43), the total value of the share amount in subject is VND23.41 trillion (US$1 billion).

The Vietnamese business environment can be improved by increasing productivity as well as reducing costs and business risks.

Tan Chong, which is the exclusive distributor of Nissan vehicles in Malaysia, did not give any reason for the notice of termination.

Vietnam’s beer production output would be roughly 4.1 billion liters by 2020. The number will rise to 4.6 billion liters by 2025 and 5.5 billion liters by 2035.

The government has so far also planned to cut costs for businesses to make the country’s investment environment more attractive.

VNG sets the schedule for the sale of treasury shares in the fourth quarter of 2018 or the first quarter in 2019, stated the company in a statement.

M&A would help foreign investors avoid lots of investment license procedures as well as save time for researching the market.

Shares of Vietnam Airlines are traded on UPCoM at around VND34,000 (US$1.47) apiece, valuing the company at more than US$2 billion.

Under the brand name of FujiMart, the new supermarket targets middle-class in Vietnam.

By completing the move, Vietcombank is no longer a major shareholder in both banks in subject and meets the banking regulation on cross-holding limit, raising a combined net profit of about VND900 billion (US$38.4 million).

Google is considering procedures to set up a representative office in Vietnam on the basis of compatibility between local and international laws.

The investment inflow of Korean investors into Vietnamese firms is expected to help the latter enhance their competitiveness in the country’s rapidly international integration.

PV Oil sold a 20% stake as prescribed in the initial public offering in January for VND4.1 trillion (US$184 million) in proceeds, exceeding the government target of raising at least US$122 million.

The share sale is scheduled to take place from November 2018 to April 2019 via put-through or order-matching transactions on the Hanoi Stock Exchange (HNX).

The report calls on the Vietnamese government to apply and increase the feed-in-tariff for all biomass energy technologies to USD9.35c per kilowatt hour (kWh) from the current tariff of USD5.4c per kWh.

Van Don International Airport is the first airport in Vietnam built with private investment of Sun Group under the BOT investment form.

The first phase of the project is scheduled to be completed and put into operation by 2022.

The government is offering foreign investors opportunities to participate directly and indirectly in the petrol and fuel industry to improve the competitiveness and performance of domestic petrol firms.

The plan aims to optimize the advantages in tourism products, market and resources as well as management systems, thus improving the sector’s economic, social and environmental efficiency.