Investment

The Vietnam Railway Corporation (VNR) has proposed the Ministry of Transport to work out a project to improve the operation of the train on the Saigon-Nha Trang route.

Airports Corporation of Vietnam (ACV) plans to divest an additional of 20% stake, equivalent to VND4.3 trillion (US$188.5 million) this year, announced the company.

Funds under VinaCapital have offloaded 420,000 FPT Retail shares in a trading session on May 2, resulting in a 100% profit after more than 6 months of holding, announced the asset management firm.

Vinhomes, the residential property developer of Vingroup, is expected to launch its initial public offering (IPO) in May 17 with the starting price of VND92,100 (US$4.04) a piece, announced the company on its website.

The Hanoi People’s Committee granted Plan No. 103/KH-UBND on May 3 on deploying the project on developing major industrial products of Hanoi in 2018.

Foreign investors have participated strongly in Vietnam’s logistics industry through merger and acquisition (M&A) deals as the industry is projected to account for 8-10 percent of the nation’ GDP by 2025.

Platinum Victory has registered to purchase 14.51 million shares of Vietnam Diary Products Company (Vinamilk), announced the fund.

Buyers from Germany, Japan, India and beyond are kicking the tires on Vietnam`s great state asset sale, said Bloomberg.

The Vietnam Posts and Telecommunications (VNPT) expects to raise VND102.5 billion (US$4.5 million) by selling an 8.52% stake in Saigon Posts And Telecommunications Service Joint-Stock Corporation (Saigon Postel Corp) on May 25.

The Hanoi People’s Committee has recently issued Decision No. 2049/QD-UBND on Cooperation Regulation for state authorities to manage business and investment subject to conditions of security and order in the Capital city.

Some notable names such as Vinamilk, Traphaco, Duoc Hau Giang Pharmaceutical, or Military Bank are not included in 2018 divestment plan of State Capital Investment Corporation (SCIC).

The Ministry of Planning and Investment recently organized fact-finding trips for an inter-sectorial delegation to several provinces in a move to finalize the amendment to the country’s golf course development planning until 2020.

Vietnam`s northern coastal province of Quang Ninh has been working to mobilise resources for the building of a blueprint on the establishment of the Van Don Special Administrative-Economic Zone.

Deputy Prime Minister Pham Binh Minh instructed relevant authorities to scrutinize approved projects using foreign loans in a move to optimize the capital source.

The Imex Pan Pacific (IPP) Group committed to invest US$50 billion in the future Bac Van Phong Special Administrative-Economic Zone (SEZ) to develop the area into ASEAN’s commercial and tourist center.

South Korea launched a consultative body composed of government and company officials to push for major development projects in Vietnam and the United Arab Emirates (UAE) following President Moon Jae-in`s visits to the two nations, Yonhap quoted the South Korea’s Ministry of Trade, Industry and Energy as saying on April 2.

The Belgian Vietnamese Alliance (BVA) and the Flanders Investment and Trade (FIT) held a meeting on May 3 with a delegation of Belgian businesses ahead of the delegation’s visit to Vietnam from May 13-18 to explore cooperation opportunities.

South Korea, Japan and Singapore ranked the top three countries investing in Vietnam, pouring a total of $4.41 billion in the first four months of 2018.

Foreign investors will be allowed to contribute capital to establish commodity exchange in Vietnam as per Decree No.51/2018/ND-CP, which will be effective from June 1, 2018.

The Vietnamese Government always creates favourable conditions for US enterprises, including JP. Morgan, to do business successfully in the country, Prime Minister Nguyen Xuan Phuc has said.