Investment

The government has planned to increase foreign shareholding in Vietnamese airlines in a move to seek more investment to meet the country’s rapidly growing air transport demand.

Vietnam is speeding up the equitization process, which is an opportunity for foreign investors, including Carlsberg, according to Prime Minister Nguyen Xuan Phuc.

Public companies are finding it hard to lift foreign ownership limit (FOL) to 100 percent due to current legal regulations on business condition lines and investment.

At the starting price of VND19,641 (US$0.84) apiece, Vietcombank is expected to rake in proceeds of at least VND1.04 trillion (US$44.52 million).

Since 2017, the Singaporean fund has failed 20 times to buy Vinamilk shares.

Policies on attracting investment in the country’s oil exploration should be streamlined to make the industry more attractive, especially when the country is facing a rapid exhaustion of main oil discoveries, experts recommended.

The signing took place in Moscow within the framework of an official visit of the General Secretary of the Central Committee of the Communist Party of Vietnam Nguyễn Phú Trọng to Russia.

Vietnam is promoting cooperation with Denmark in various spheres, especially economic field.

Vietnam`s new wind power push is forecast to create an investment wave in the industry as seen in the solar power industry previously, dubbing a landmark for the country’s renewable energy outlook.

Once completed, the airport would be used to transport tourists from domestic airports to the Grand Ho Tram Strip casino resort.

South Korea and Vietnam have had valuable experiences in cooperation in many fields, especially science and technology cooperation with a view to serving the socio-economic development.

Technology, and start-ups in particular, hold the greatest promise for Vietnam, according to VinaCapital`s CEO.

The statement was made by Deputy Prime Minister Trinh Dinh Dung at Grow Asia Forum 2018, alongside the World Economic Forum on ASEAN 2018 (WEF-ASEAN 2018) held in Hanoi on September 11-13.

Foreign investors are stepping up their indirect investments in Vietnam through capital contribution and stake acquisition of local firms instead of making direct investments as in recent years.

The said share amount will be offered in private placement and will not be transferable in one year.

Foreign investors are keen on Vietnam’s healthcare industry as they seek to tap into local patients’ spending on high-quality private healthcare services that have posted high growth in recent years.

The said amount in transactions was expected to total VND355 billion (US$15.24 million) or VND26,300 (US$1.13) apiece under the current market price recorded by the end of August.

The result remained modest compared to Vinalines` expectation of raising at least VND4.89 trillion (US$210 million) from the IPO.

The firm expressed interest in developing tourism in the city, especially through the Paradise Golf Resort and Bau Trung residential area.

Many foreign companies are planning to pour more investments for expansion in Vietnam in the long run after gaining good business performance in the fruitful market.