Investment

Ahead of the Petro Vietnam Oil Corporation’s (PVOil) Initial public offering (IPO) on January 25 in the Ho Chi Minh Stock Exchange, eight investors have expressed interest in becoming its strategic shareholder in an effort to enter Vietnam’s petroleum market.

The tax reduction and exemption on various items imported from the Republic of Korea (RoK) from this year will help further boost trade and investment ties between Vietnam and RoK next time.

Vung Ro Petroleum on Jan, 11 signed an agreement with DenimoTech- a Danish global manufacture to construct a high-tech bituminous binders processing plant.

PetroVietnam Power (PV Power) plans to offer 468.3 million shares of its chartered capital in an initial public offering (IPO) on January 31, that aims to raise at least VND 6.74 trillion (US$296 million), stated in its official website.

PetroVietnam Oil Corporation (PV Oil) is expected to sell 44.72% shares to strategic investors.

Experts said that it is time for Vietnam to adopt a completely new foreign direct investment (FDI) attraction strategy in accordance with the new situation in order to boost the effectiveness and spillover effect of FDI in the future.

Vietnam’s railway sector is at the crossroad as reform is needed to stay ahead, or facing the risk of being left behind.

Improving the business environment continues to be one of the priority in the government’s plan for socio-economic development in 2018.

New orientation in attracting foreign direct investment (FDI) is taken toward the direction of serving Vietnam’s socio-economic development.

Under the newly-approved restructuring plan, the Vietnam National Chemical Group (Vinachem) will be allowed to hold over 65% shares at Apatite Vietnam.

Deputy Prime Minister Vuong Dinh Hue received Kim Jung Tai, Chairman of South Korea`s Keb Hana Financial Group on January 5 afternoon. Both are optimistic about Vietnam`s business environment.

The return of billion-dollar-projects has played an essential part in taking FDI to the country to a 10-year high. It is expected that Vietnam will continue its status as attractive destination for foreign investors in 2018.

The Ministry of Transport has submitted to the government the equitization plan for Vietnam National Shipping Lines (Vinalines), for which the government currently holds 65% of the chartered capital.

Before starting the equitization process in 2019, the Vietnam Posts and Telecommunications Group (VNPT) is expected to complete its restructuring plan as approved in 2014 by the government.

Foreign investors are eyeing real estate projects in the northern region, particularly Hanoi, as they see the region’s potential, heard a conference held by the Commercial Real Estate Services (CBRE) Vietnam Company on January 4.

With the booming of the mergers & acquisitions (M&A) market in recent months, expectation for the Vietnam’s M&A value to reach US$20 billion is within sight.

At present, the government is holding 255 million shares, representing 51% chartered capital of VINAFOOD II.

The Hanoi People`s Committee proposed the Prime Minister to allow two domestic investors, Vingroup and T&T Group, to construct three urban railway routes.

Total investments in the northern coastal province of Quang Ninh enjoyed a year-on-year surge of 10.1 percent to the tune of 60.6 trillion VND (2.68 billion USD) in 2017 thanks to improved business climate.

The State Atomic Energy Corporation (ROSATOM) of Russia is willing to cooperate with Vietnam in developing mobile mini hydroelectric plants using environmentally friendly technology.