Vietnam based Vinalines plans to retain majority stake in Hai Phong Port


The Vietnam National Shipping Lines (Vinalines) is not planning to give up its control in the Hai Phong Port, even as external investors are bidding for a controlling percentage in the northern Vietnam’s largest seaport. Particularly, the shipping company has proposed to retain at least 51 per cent in major ports of Hai Phong, Da… Read more »

Vietnam, Korea sign VKFTA, plan to triple trade turnover

The Vietnam – Korea Free Trade Agreement (VKFTA) was signed on May 5, after two years of negotiation. It has widened the door for both countries to become each other’s major trade partner. VKFTA is the first completed bilateral free trade agreement between Vietnam and its trade partners, that was… Read more »

VN Dealbook: Bac Lieu seek investment for projects, securities cos to merge, Thong Nhat raises capital for M&A

Private businesses in Vietnam has been witnessing heightened activity in the merger and acquisition (M&A) space. Hai Phong Securities JSC has planned a merger with A Au Securities Company, a move to avoid the stock market restructuring scheme, which might see a large number of securities firms cease operation. Meanwhile,… Read more »

Vietnam’s central bank takes over second troubled lender, Ocean Bank

The State Bank of Vietnam on Friday announced that it will transform the troubled Ocean Bank from a joint stock commercial lender into a state-owned one-member limited liability bank. In addition, the central bank has also appointed Vietinbank officials to manage Ocean Bank. Specifically, Do Thanh Son, director of a… Read more »

TIME dotCom pours $12m for 25% in CMC Telecom

CMC Telecom, Vietnam’s fourth largest telecom service provider, will sell a 25 per cent stake to Malaysia’s TIME dotCom Berhad through a strategic investment agreement inked on Friday. TIME dotCom’s investment is revealed to be $12 million, and will be extended. The deal makes CMC Telecom, one of the eight… Read more »

Vietnam’s Ninh Van Bay to sell projects amid financial burdens

Ninh Van Bay Travel Real Estate JSC, or Ninh Van Bay, is looking to sell its projects to raise capital for operation. The turmoil in the Vietnamese real estate market in 2014 affected the company’s capability of raising funds, mainly due to sluggish demand, the company said in a statement…. Read more »

Vietnam branch of Rajah & Tann merges with VN Counsel law firm

The Vietnamese office of Singapore-based law firm Rajah & Tann has completed the merger with the Ho Chi Minh City-based peer VN Counsel the company confirmed with DEAL STREET ASIA on Friday. The addition of the 10 attorneys from VN Counsel (including three partners) has increased the legal professionals of Rajah &… Read more »

Vingroup to take charge of VEFAC investment activities: Tran Van Tan

Vietnam Exhibition and Fair Centre JSC (VEFAC), or the Giang Vo Exhibition Centre, has a line up of ambitious projects, including the mega project of the National Exhibition and Fair Centre, that is most likely to be implemented in the next three years. As one of the state-owned companies that has… Read more »

Vietnam based cement co Ha Tien 1 in talks with US investors

The chief executive of Vietnam’s cement producer Ha Tien 1 Cement JSC, Nguyen Tuan Anh, is in talks with US-based global investors, for additional investment. This was announced on Thursday by a Decker & Co document that DEAL STREET ASIA acquired. Decker & Co is an institutional broker specialising in Southeast Asia and the… Read more »

Goldman Sachs, Qatar Investment Authority bid for Hanoi’s tallest building

Keangnam Hanoi Landmark Tower, the highest building in Hanoi, Vietnam, valued at $1 billion, has been reportedly put on sale; interested international investors include, Goldman Sachs and the Qatar Investment Authority (QIA). The Korea Economic Daily cited sources, saying that both the Goldman Sachs and the QIA have made their respective offers for the acquisition of… Read more »