Nguyen Hoang Long

Rent A Port to invest $128m in QuangNinh

A consortium of three investors led by the Belgian  company Rent A Port has been granted the investment license for construction of Nam TienPhong Industrial Zone and Port in the QuangNinh Province. The other two companies in the consortium include, Infra Asia Investment Ltd. (InfraCo Asia) and International Port Engineering and Management (IPEM)… Read more »

BP to transfer Phu My 3 stake to SembCorp

British Petroleum (BP) is planning to divest its investment in Phu My 3 Power Co natural gas-fired plant in Vietnam and transfer the ownership of this facility to Singapore’s SembCorp Industries Ltd, the Ministry of Industry and Trade announced Wednesday (December 24). The petroleum giant currently holds 33.3 per cent equity stake in this… Read more »

Vietnam’s CICT to dilute CPI stake for investors

CaiLan Container Terminal (CICT) , which has been operating at an estimated loss of $1 million per month since the past few months, is looking for external investment in return for an equity stake in the port The port, which is a JV between CaiLan Port Investment JSC (CPI) and SSA-Holdings International Vietnam… Read more »

Vinalines valued at $982m, plans IPO

Vietnam National Shipping Lines (Vinalines) has just been re-valued at VND 21 trillion ($982 million) by the Committee of Equitization in a plan to launch its IPO in the first quarter of 2015. The new value of Vinalines has been increased by VND 2.9 trillion ($135.6 million) compared to the… Read more »

UAE’s Nakheel Group to invest in QuangNinh project

Nakheel Group, a leading investment firm in Dubai, is planning to invest in the Ha Long Star complex, a QuangNinh based project with an investment outlay of $550 million. This was revealed by the Committee of Promotion and Investment Support at QuangNinh (QuangNinh IPA). The officials at Nakheel Group have already signed a memorandum… Read more »

VOF & DPIP invest $45m into dairy co IDP

VinaCapital’s  Vietnam Opportunity Fund (VOF) and Japanese private equity firm Daiwa PI Partners (DPIP) are planning to acquire a joint 70 per cent stake in the Vietnam-based dairy company International Dairy Products JSC (IDP) for $45 million. According to an official statement by VOF, about 80 per cent of the… Read more »

Vinalines to raise $93.5m via ports divestment

Vietnam’s state-owned Vietnam National Shipping Lines (Vinalines) will be reducing stake in several major ports, including the historic Saigaon Port. The company hopes to raise VN 2 trillion  (about $93.5 million), through the proposed plan to equitise its ports. According to the official statement, the government officials have just passed a… Read more »

Srithai, Unilever invest $70 m in VSIP

Srithai Vietnam and Unilever Vietnam have invested a collective amount of $70 million  in the Vietnam Singapore Industrial Park (VSIP) in the BacNinh province. Unilever Vietnam, which specialises in manufacturing household products, invested $40 million in the VSIP and plans to scale up its production facility in the park to produce 250,000 tons,… Read more »

VNPT to get new chairman

Vietnam’s telecom major Vietnam Posts and Telecommunications Group (VNPT) is set to get a new chairman.  According to the local newswires, Pham Long Tran – chairman of the board of members at VNPT – will retire three months early . He had submitted his letter of resignation to the Ministry… Read more »

Vietnam’s infra major Licogi plans an IPO

The state office has passed an equitization plan for the Infrastructure Development and Construction Corporatio (Licogi) in which, the government will reduce its ownership in the company to 40 per cent and issue extra shares to increase capital. In particular, Licogi will have 90 million shares equivalent to 100 per… Read more »