Investment

The Vietnam Railway Corporation (VNR) hopes to raise at least 139 billion VND (6.2 million USD) in 2018 from selling its ownership in 15 subsidiary and affiliate companies, reported online newspaper baodautu.vn.

Vietnam needs more airlines, besides the four current ones, to meet the increasing demand in the aviation market.

Vietnam`s military-run telecommunication group Viettel to invest US$1.5 billion to expand country`s 4G network.

Vietnam has decided to sell its entire 34.51% stake in Hanoi Trade Corporation (Hapro) in an initial public offering (IPO) scheduled for March 30.

Japan`s government and more than 20 companies are teaming up to construct a smart town in Vietnam by 2023, featuring self-driving buses and a host of energy-saving technology.

Sunseap International, the international arm of Singapore`s leading clean energy provider Sunseap Group, has signed an agreement with InfraCo Asia Development Pte Ltd (InfraCo Asia) to jointly develop a 168 MWp utility-scale solar power project in Vietnam.

Foreign investors are increasingly pouring money in Vietnam’s firms through capital contribution and share purchase, two simple but effective investment modes.

Vietnam has raised VND664 billion (US$29.2 million) from the initial public offering (IPO) of its 93% stake in Vietnam Sugarcane and Sugar Corporation II (Vinasugar II) on Ho Chi Minh Stock Exchange (HOSE) on February 13.

Global private equity firm Warburg Pincus has set up a joint venture with major Vietnamese real estate and infrastructure firm Becamex IDC Corp. (Becamex) to create the largest logistics and industrial real estate developer in the country, according to a statement.

Hyosung Group will significantly expand investment in the chemical and heavy industry sectors in Vietnam, according to Group Chairman Cho Huyn-jun.

RHB Bank, Malaysia`s fourth-largest lender by assets, has announced that it plans to acquire the 51% stake in Vietnam Securities Corporation (VNSEC) for VND121.63 million (US$5.37 million) in cash.

Vietnam`s start-up deals in 2017 nearly doubled the previous year to 92 at a total value of US$291 million, a report from Topica Founder Institute (TFI) showed.

Thailand’s biggest solar energy company, Superblock Pcl, plans to invest 56 billion baht (US$1.76 billion) to install 700 megawatts (MW) of wind farms in Vietnam.

Vietnamese Government has guaranteed sufficient capital for Ho Chi Minh City’s No1 Metro project linking Ben Thanh Market and Suoi Tien Theme Park, according to Tran Vinh Tuyen, deputy chairman of the municipal People’s Committee.

The Ministry of Transport and the Australian Government on February 9 signed an agreement to launch Aus4Transport, a 24 million USD programme for the development of transport projects in Vietnam.

Foreign direct investment (FDI) enterprises, which have enjoyed multiple tax incentives, pay the lowest State taxes despite reporting high profits, statistics show.

The number of Japanese investors in the central coastal city of Danang has risen sharply in the recent months, especially after the city hosted the APEC Economic Leaders’ Week in November last year.

Thailand`s largest solar energy company, Superblock, plans to invest 56 billion baht ($1.76 billion) to install 700 megawatts (MW) of wind farms in Vietnam, according to Reuters.

Singapore-based security services company Ademco Security Group Pte., Ltd. (Ademco) has acquired 60% of one of Vietnam`s leading security solution providers, TNT Technologies Joint Stock Company (TNT).

Vietnam raised VND184.8 billion ($8.13 million) from the initial public offering (IPO) of Power Generation Corporation 3 (Genco 3), a subsidiary of Vietnam Electricity Corporation (EVN), on February 9.