Investment

Last year, Vietnam raised a total of VND140 trillion (US$6.1 billion) from divesting VND8.9 trillion (US$392 million) in book value.

Singapore is currently the largest investor to Vietnam with foreign direct investment (FDI) of US$147.7 million in January, accounting for 33.4% of newly registered capital.

Foreign investors registered to pour nearly US$890 million into 227 new and existing projects in Vietnam in January 1-20.

Mekong Capital has announced in a press release that its Mekong Enterprise Fund II (MEF II) completed a full exit from its investment in Mobile World Investment Joint Stock Company (MWG) at a returns multiple of 57x and internal rate of return (IRR) of 61.1%.

Deputy Prime Minister Vuong Dinh Hue called on business groups from Portugal to enhance investment in Vietnam, especially in manufacturing, high-technology, and infrastructure development.

Raising the private sector is crucial for national development. It is necessary to devise a transparent law system which is committed to protecting the ownership rights of businesses and revise policies to develop private sector.

Power Generation Corporation 3 (Genco 3), under Vietnam Electricity Corporation (EVN), plans to offer 267 million shares, equivalent to 12.83 per cent of its charter capital, for sale at its initial public offering (IPO) scheduled for February 9.

Thailand’s Siam Cement Group (SCG) could potentially become the sole investor of the US$5.4-billion Long Son Petrochemicals complex (LSP) in Ba Ria-Vung Tau.

PetroVietnam Oil (PVOil) successfully sold 20% of its charter capital through an initial public offering (IPO) for VND4.1 trillion (US$184 million) in proceeds, according to a company statement on January 25.

France would keep funding projects of sectors that see high demand in Vietnam, said in Vietnam-France high-level economic dialogue on January 24.

Ho Chi Minh City customs has recently had a dialogue with the American business community in the city, aiming to resolve hindrance and ease firms in export and import procedures.

PetroVietnam Power (PV Power) is scheduled for an Initial Public Offering (IPO) on January 31 and then a listing on the Unlisted Public Company Market (UPCoM) on March 16, according to the latest report of Ho Chi Minh Security Corporation (HSC).

In 2017, the government raised VND135.6 trillion (US$6 billion) from selling the State’s shares in State-owned enterprises (SOEs), said Deputy Prime Minister Vuong Dinh Hue in an interivew with Bloomberg Television.

The metropolitan area including core Ho Chi Minh City and surrounding provinces will grow into a huge urban zone, playing a key role in Southeast Asia.

Vietnam National Shipping Lines (Vinalines) expects to hold its Initial Public Offering (IPO) before June 30, said acting CEO Nguyen Canh Tinh.

Vehicle registration certificates issued by foreign automobile manufacturers shall be accepted in Vietnam, says the Ministry of Transport (MoT)’s latest draft circular.

A delegation of representatives from 40 Japanese processing and manufacturing firms is now in Vietnam to explore business and cooperation opportunities in the Southeast Asian nation.

Shinhan Card, a subsidiary of Korea’s Shinhan Financial Group has reached an agreement of acquiring Prudential Vietnam Finance Company for US$150.8 million.

Vietcombank has registered to offload 7.6 million shares of Vietnam Airlines from January 24 – February 22, announced the bank on its official website.

Vietnamese Government encourages domestic and foreign firms to invest in airport infrastructure construction in Vietnam.