Viettel Global to invest $800m in Myanmar

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Vietnam’ s telecom company Viettel Global is setting up a joint-venture with Myanmar investors to build a $1.8 billion mobile network in Myanmar. This was disclosed in the company’s recent shareholders meet. According to the terms of the deal, Viettel Global will directly invest $800 million and the remaining $… Read more »

Vietnam’s Seaprodex to sell 49% stake in Dec float

Vietnam National Seafood Corporation (Seaprodex) will be offering 60.8 million shares or 48.7 per cent equity stake of the company on the Hanoi Stock Exchange (HNX) on December 12. The remaining 51 per cent equity stake will be held by the State, in accordance with the State’s plan of equitization…. Read more »


Vietnam rubber major VHG acquires 18% in SRC

As part of it’s inorganic expansion plan, the Vietnam-based rubber major Quang Nam Rubber Investment JSC (VHG), formerly known as formerly Viet-Han Corporation has increased it’s ownership in the oldest rubber industry player of the country – the Sao Vang Rubber JSC (SRC) – to 18 per cent with an additional investment of $3.6 million…. Read more »


Japanese cos acquires 33% in Vietnam’s Sen Do

A consortium of three Japanese have invested an undisclosed amount to acquire a 33 per cent stake in the Vietnam e-commerce  company Sen Do Technology JSC – the owner of Sendo.vn and 123mua.vn. The consortium of companies that have invested in Sen Do Technology includes, SBI Holdings, econtext ASIA and… Read more »


Nguyen Yen to increase stake in Masan to 4%

Nguyen Hoang Yen, a board member of the Masan Group and vice president (VP) at Masan Consumer is planning to increase her stake in the company to 4.05 per cent through an additional investment of VND 644 billion  ($30 million). According to the Ho Chi Minh Stock Exchange (HOSE), earlier,… Read more »


VinaChem exits billion-dollar Long Son project  

Vietnam National Chemical Group (VinaChem) has successfully exited the $4.5 billion Long Son petrochemical project. This was done by signing a contract that transferred the company’s 11% stake in this project to the Vietnam National Oil and Gas Group (PVN). After the transfer, PVN holds 29% ownership in the Long… Read more »


Non-executive directors of Vina Capital step down

Don Lam and Martin Glynn – non-executive directors of Vina Capital’s Vietnam Opportunity Fund (VOF) – will be stepping down from their position in VOF, the company said in a statement. Don Lam’s retirement as non-executive director of VOF will not affect his position as CEO of Vina Capital or… Read more »


PetroVietnam’s PVCFC plans $122.6m Dec float

Another one of the Vietnam National Oil and Gas Group (PVN) subsidiary is expected to launch its initial public offering (IPO) in December. The divestment in PetroVietnam Camau Fertilizer Ltd (PVCFC)  is part of the group’s ambitious restructuring plan to make it more competitive in the market. PVCFC will be auctioning 49 per… Read more »


Saigon Ground Services Dec float oversubscribed 15 times

Saigon Ground Services Ltd (SAGS) is auctioning 19.3% of its charter capital through an initial public offer (IPO) that has been registered on the Ho Chi Minh Stock Exchange (HOSE), for December 8. The company will be auctioning 2,706,092 shares with a starting (per share) price is VND 12,371.According to the company’s proposal, SAGS… Read more »


PetroVietnam Construction to exit 3 subsidiaries

PetroVietnam Construction (PVC) Joint Stock Company has decided to exit the three of its subsidiaries – Dong Do Petroleum JSC (PFL), PetroVietnam Land JSC (PVL), and Petroleum Interior Decoration JSC (PID) – with it holds total shares of more than 27 million. PVC is expecting to receive about $4.7 million… Read more »