Investment

The Ministry of Transport has recently released detailed plans for Van Don International Airport in the northern province of Quang Ninh by 2020-2030, which will receive 5 million passengers yearly.

Toong co-working spaces to be located in newly-built Wink Hotels, with the first scheduled to open in Ho Chi Minh City on the four quarter 2019.

Deputy PM Vuong Dinh Hue on March 17 requested the Steering Committee for Enterprise Innovation and Development to finalize legal frameworks to continue the restructuring process of state-owned enterprises (SOEs).

Vietnam`s PetroVietnam Exploration Production (PVEP) announced signing an agreement to sell 5% working interest in an offshore oil block in Vietnam to US-based Murphy Oil.

Dragon Capital, a group of investment funds, has completed acquiring 15.3 million shares of Saigon Beer Alcohol and Beverage (Sabeco) from Singapore-based Nogard Pte., Ltd., according to Vietnam Securities Depository (VSD) on March 15.

The Hanoi People’s Committee has approved the project to build the 15ha Vinh Hung Eco Park in Vinh Hung ward, Hoang Mai district, Hanoi.

TPBank will fix the list of securities holders as a basis to list shares on the Ho Chi Minh Stock Exchange, the bank announced on its website on March 15.

Vietnam Television Cable (VTVcab), a unit of state-owned broadcasting agency Vietnam Television (VTV), plans to hold its initial public offering (IPO) on April 17, according to an announcement of the Hanoi Stock Exchange.

Ho Chi Minh City asked the Nha Be People`s Committee to review the project of Bac Phuoc Kien Nha Be residential area.

Danish brewer Carlsberg, currently the strategic investor of Hanoi Beer Alcohol and Beverage (Habeco), has been negotiating for a majority holding in Habeco.

Foreign firms invested US$3.5 million in 514 agricultural projects until February 2018, accounting for only some 1 percent of the sector’s total investment capital, reports from the Ministry of Planning and Investment (MPI) showed.

PetroVietnam (PVN) and the Japan Bank International Cooperation (JBIC) are discussing financial arrangements for the Block B gas project and 52/97 field development project, announced PVN on its website.

Vietnam Southern Food (Vinafood II) has raised VND1.16 trillion (US$51 million) from selling its 22.97% stake in an initial public offering (IPO) on March 14 at the Ho Chi Minh Stock Exchange.

Vietnam Textile Research Institute (VTRI) concluded its initial public offering (IPO) on March 12 with the sale of 2.2 million shares for a return of VND49 billion (US$2.1 million), announced the Hanoi Stock Exchange.

Countries like Vietnam and Pakistan are coming off a low base in terms of economic development, so there is the potential for a catch-up effect, like what happened in places like Russia and Brazil over the past two to three decades, Jon Scheiber, CEO of Tundra Fonder AB, said.

Tuan Chau Group has proposed building a large resort complex named "Vung Tau Marina City" in Vung Tau, according to the Ba Ria-Vung Tau People`s Committee.

Global private equity major Warburg Pincus has agreed to invest over US$370 million in Techcombank, marking the largest-ever private equity investment in Vietnam to date, announced Techcombank on March 12.

Investment of Vietnamese firms in Laos has increased significantly in the past decade, helping Vietnam become the second largest investor in its western neighbor.

The Ministry of Planning & Investment (MPI) has requested Ha Tinh province to clarify reasons behind Formosa Ha Tinh Steel Corporation (FHS)’s decision to increase total investment in the Son Duong Port and Integrated Steel Mill Complex.

By the end of 2019, the second AEONMall in Hanoi will include a plaza of more than 200 stalls and a parking lot with enough space for 2,100 cars and 9,000 motorbikes.