Search Results for:Mai Nguyen
While drivers were split on which of the two services offered better compensation, they generally expected fares to go up with the reduced competition.
Analysts remain optimistic that future IPOs could go well with Vietnam’s economy growing 6.8% last year and its stock market climbing almost 50% in 2017.
The government has offered a stake of 12.8% in Vietnam’s second-biggest power generator by installed capacity, also known as EVNGENCO 3 and Genco 3.
The proceeds exceeded the government’s plan to raise at least $155 million from the sale.
The only other investor in the fray is an individual seeking a smaller holding.
Vietnam aims to raise at least $297 million by selling a 20 per cent stake in Petrovietnam Power Corporation and at least $155 million by selling 7.79 per cent of the Binh Son Refining and Petrochemical company,
In a series of recent moves, the Vietnamese authorities have indicated they may be more serious about significant sales of government-owned companies.
In addition to offering a 20% stake via IPO, the firm will offer up to an additional 44.72% to strategic investors and another 0.18% to employees.
Many foreign firms from Japan’s Asahi Group Holding to Belgium’s AB Inbev have shown an interest in Sabeco
The Vietnamese government aims to complete a stake sale in the country’s biggest brewer Sabeco in December, the trade ministry said, in the clearest signal yet that the long-awaited state divestment might happen this year after repeated delays. The government, which owns 89 percent in Sabeco, formally known as Saigon… Read more »