Investment

Binh Son Refinery and Petrochemical (BSR) made its debut on the Unlisted Public Company Market (UPCoM) on March 1, revealing the name of its two strategic investors at the event.

CJ CGV Vietnam (CGV) wants to help Vietnam become one of the five countries with world-class cinema in 2025.

The technical assistance is to serve the implementation of a €108 million program under which the EU will help Vietnam’s rural areas access sustainable energy.

Deputy PM Trinh Dinh Dung has directed the Ministry of Planning and Investment to guide the Quang Tri People`s Committee on executing the dossier, sequence and procedures for the investment decision on the My Thuy International Seaport construction project in Hai Lang district, Quang Tri province.

The power industry will need to rise by 1.2-2 percent per year to help Vietnam’s GDP grow by 1 percent, Minister of Industry and Trade Tran Tuan Anh said.

DIC Development Investment Construction Joint Stock Company announced the establishment of a branch of DIC Corp. called DIC Ho Tram Management Board.

The State Capital Investment Corporation (SCIC) plans to offer its holdings of 2.4 million shares in Maritime Bank for VND12,400 (US$0.54) per share, according to the Hanoi Stock Exchange (HSE).

VinaCapital`s flagship fund Vietnam Opportunity Fund (VOF) has invested US$32.5 million to acquire a significant minority stake in Ba Huan, the country`s leading pasteurized eggs and poultry meat producer.

Vietnam has decided to offload 45.25%, equivalent to 2.26 million shares, in Vietnam Textile Research Institute (VTRI) in an initial public offering (IPO) scheduled for March 12, according to the Hanoi Stock Exchange.

PetroVietnam Technical Services Corporation (PTSC) and Yinson Clover Ltd. (YCL), a subsidiary of Malaysia`s Yinson Holdings, have entered an agreement to establish a joint venture, PTSC Ca Rong Do Ltd. (Red Dragon Fish), with the total investment capital of US$111.62 million.

Nguyen Duc Chung, Chairman of the Hanoi People`s Committee, has recently signed Decision No.06/2018/QD-UBND approving the organization charters and operation of Hanoi Development Investment Fund (HNIF).

VinaCapital`s Vietnam Opportunity Fund (VOF), invested approximately US$45 million into two subsidiaries of PetroVietnam (PV Power and Binh Son Refining and Petrochemical) at their initial public offerings (IPOs) conducted in January.

Vietnam will continue to remain a priority for foreign investors this year with opportunities not only in the traditional sectors such as garment, footwear, and electronics, but also in renewable energy projects and high-tech industries, experts said.

The construction of the Long Son Petrochemicals (LSP) complex has been started on February 24 and the complex is scheduled to start commercial operation in the first half of 2022.

Ownership management of the State`s capital at 21 large State-owned enterprises (SOEs) is proposed to be transferred to the State Capital Management Committee dubbed as the "Super Committee."

The Tra Vinh Provincial People`s Committee has announced the key projects with incentives to attract investment in 2018.

A wide range of laws and regulations governing State-owned enterprises (SOEs) would be reviewed for possible adjustments and changes, per request of the government.

The Prime Minister agreed in principle to the investment project of a high-quality ultra-thin glass factory with the capacity of 1,200 tons per day in Yen Khanh district, Ninh Binh province.

PM Nguyen Xuan Phuc has signed Decision 213/QD-TTg approving a plan to accelerate bilateral trade and investment ties between Vietnam and its strategic and key partners.

Binh Minh Plastics will have its initial public offering (IPO) carried out on March 09, according to the State Capital Investment Corporation (SCIC).