By Nguyen Dieu Tu Uyen
Vietnam currently caps foreign ownership in banks at 30 percent
CapitaLand Vietnam has entered an agreement to take over 100 per cent interest of the 0.6-hectare site located in the heart of District 1, a deal that potentially see the disbursement of the Singapore major’s $500 million fund dedicated to the Vietnam market.
LeFlair will use proceeds to increase capacity & bring in more foreign brands
VietJet Air has gone from start-up to Vietnam’s largest private airline in five years. Now it is pushing overseas to keep up that growth and absorb a bumper order of more than 200 planes: no easy task in a cutthroat southeast Asian market. The airline, which was set up in… Read more »
While Vietnam has said it wants to push the privatisation of state-owned firms across sectors, latest announcements do not reflect the aggressiveness in selling big parts of stakes in major businesses, as no clear timeline has been given for the sale of companies like MobiFone and Binh Son Refinery and Petrochemical, nor a minor holding is determined for such businesses.
VietJet forecasts 2017 profit to rise 30 percent from $101.8 million (2.3 trillion dong) in 2016.
Private equity firm Mekong Capital has invested an undisclosed amount into Vietnam-based prawn shop chain F88, marking the third investment by its $112.5 million fourth fund.
In 2016, with only two buyouts of Metro Cash & Carry Vietnam and Big C Vietnam, retail deal value already reached more than $1.8 billion.
Victor Chua of Gobi Partners discusses consumer technology, Vietnam’s opportunities and their investment philosophy.
Shares of Vietnam Airlines surged 40 percent on their stock market debut on Tuesday, valuing the firm at $2.1 billion, as investors sought exposure to the flagship carrier to tap into strong air travel growth in the Southeast Asian nation. A strong stock market showing could prove beneficial to the… Read more »