PHI Group acquires 51% of Vietnamese hospitality firm Saigon Pho Palace


Saigon Pho Palace currently operates a chain of restaurants that cater to wedding banquets and convention events and plans to build 35 more such restaurants by 2025.

Vietnamese conglomerate Vingroup said to be eyeing telco Gtel

State-owned Gtel, which operates the Gmobile brand, is currently undergoing a restructuring exercise.

Japan’s MUFG not seeking to raise VietinBank stake to 50%: Report

MUFG owns 19.73 percent of the Vietnamese lender, according to Refinitiv data.

Philippine conglomerate Ayala’s arm forges $83m solar JV in Vietnam

The Vietnam solar projects are part of AC Energy’s overall goal of expanding beyond the Philippines and growing its presence in Southeast Asian markets.

Japan’s MUFG keen to up stake in Vietnamese lender Vietinbank: Report

The foreign ownership is still capped at 30 per cent in the banking industry, and Vietinbank, Vietnam’s third largest lender, is already close to that limit.

Credit Suisse, HSBC lead $950m credit facility for Vitenamese carmaker Vinfast

VinFast has secured a 12-year credit facility for as much as $950 million to help buy machinery and equipment from German suppliers.

Vietnam: Hoan My Medical issues $100m worth VND-denominated bond

The issue is guaranteed by Credit Guarantee and Investment Facility (CGIF), a trust fund of Asian Development Bank.

Vietnam: Vingroup retail unit continues M&A spree, buys Fivimart

Vingroup retail unit had earlier acquired Vinatexmart, Oceanmart and Maximark to consolidate its presence.

VinaCapital Ventures eyes partnerships and alliances with conglomerates

VinaCapital Ventures chose the holding company model over a fund model because it did not want an exit deadline looming over its investments. The structure also helps it pursue other models of strategic financing such as joint ventures and co-investments with conglomerates.

GIC said to have picked stake in Vietnam’s Masan; KKR exits in $209m deal

GIC played a part in Vietnam’s top three equity offerings ever, all of which were completed in the past year.