Investment

A total of 41 investors registered to purchase 115.6 million shares at Vietnam Southern Food Corporation (Vinafood II) in the upcoming initial public offering (IPO), slightly exceeding the 114.8 million put on offer, announced the Ho Chi Minh City Stock Exchange (HSX).

Vietnam’s property market has seen a significant investment of Japanese firms in the past few years, with many projects carried out under partnerships between the two countries’ enterprises.

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.

Nawaplastic Industries, a subsidiary of Thailand’s Siam Cement Group (SCG), successfully acquired 24.1 million shares of Binh Minh Plastic from the State Capital Investment Corporation (SCIC) at the Ho Chi Minh Stock Exchange on March 9.

Construction begins on WHA Hemaraj Nghe An Industrial Zone project with a total investment of about VND 22 trillion, equivalent to US $1 billion, with a total area of over 3,200.

The Hung Yen Department of Planning and Investment has just announced a list of investment projects using land in the Dream City ecological urban area project.

Japanese companies` interest in Vietnam continues to grow, boosting the country to the second spot, following China, for the first time on Japan External Trade Organization (JETRO)`s ranking of countries and areas favorable for business expansion in the 2017 fiscal year.

The Belgian Government’s official development assistance (ODA) will help the central province of Ninh Thuan to enhance capacity in the management and operation of its irrigational system as part of efforts to respond to climate change under a project launched on March 8.

The project of Binh Chau-Ly Son Ecotourism Resort will be located between Binh Chau and Ly Son Island, according to FLC Group.

The US$3.2-billion Vung Ro Petroleum & Oil Refinery project has been withdrawn due to delays, announced the Phu Yen People`s Committee.

Foreign investors made a net purchase of US$573 million in Vietnam’s stock markets in the first two months of the year thanks to the country’s macroeconomic stability and the signing of Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CP TPP) 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.

VinaCapital along with Maybank Kim Eng Securities hosted Corporate Day at the London Stock Exchange to showcase some of Vietnam`s most dynamic companies to foreign investors, according to a VinaCapital announcement on March 7.

The central coastal province of Quang Binh province of Vietnam is calling for domestic and foreign investment in renewable energy, especially solar and wind power.

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.

On March 5, Prime Minister Nguyen Xuan Phuc instructed related government agencies to continue supporting and developing businesses to 2020 on the basis of the Government`s Resolution No.35.

Vietnamese Ambassador to the UK Tran Ngoc An and representatives from the Ho Chi Minh Stock Exchange and Vietnamese businesses on March 7 attended the opening session of the London Stock Exchange, one of the largest stock markets in the world.

Seven provinces in the central key economic zone introduced their investment opportunities to American investors at the ‘Meet USA in 2018’ on March 6 in the central coastal city of Danang.

Many big enterprises recently poured huge investment in agricultural projects, helping the industry improve the competitiveness.

The Hanoi People’s Committee has recently issued Plan No. 53/KH-UBND on developing the private sector and making it one of important driving forces of the socialist-oriented market economy, completing the socialist-oriented market economy.