Vietnam based Kinh Do to form palm oil JV with Indo-Trans Logistics & Malaysia’s Felda Global Ventures


Vietnam-based food firm Kinh Do along with Indo-Trans Logistics Corporation (ITL) and Malaysia’s Felda Global Ventures (FGV) on Monday signed a memorandum of understanding to establish a joint venture that will produce bottled palm oil for the Vietnamese market. Kinh Do will contribute 45 per cent to the joint venture’s capital, while ITL… Read more »

Vietnam Property Holding exits Century 21 over delisting dispute

Vietnam Property Holding (VPH), the real estate fund of Saigon Asset Management Company, has registered to sell its entire holding of 2.2 million shares in Vietnam-based realty firm Century 21 JSC, following disputes over the de-listing plan of the company, according to the Ho Chi Minh City Stock Exchange. The… Read more »

PetroVietnam fortifies investment partnership with top Russian energy cos

Vietnam’s oil and gas titan, PetroVietnam, has been negotiating with Russia’s leading energy corporations to bolster investment between companies in the two countries during PetroVietnam’s trip to Russia during June 18 to 20. It’s Russian partners include, Gazprom, Gazprom Neft and Rosneft, the Vietnam News Agency correspondents in Russia reported. The meeting took… Read more »

VN Dealbook: Sao Mai to sign partnership with foreign fund in July, Vinatea to list

The deal space in Vietnam will see a strategic partnership between Sao Mai Group and a foreign investment fund, next month, in which the overseas investor will disburse some $46.3 million within three years, for a maximum stake of 13 per cent in the Vietnamese firm. Meanwhile in the initial… Read more »

Vinasun launches taxi app to challenge global players in Vietnam

Vietnam-based taxi operator Vinasun has introduced an app, which can be run in all platforms, including iOS, Android and Windows Phone, and even in non-smartphones (via SMS), to compete with the expansion of ride-hailing taxi apps Uber, GrabTaxi and EasyTaxi. The application provides users with on-call services, to book the cabs, save… Read more »

PetroVietnam acquires 3 US Chevron’s subsidiaries in Vietnam

The Vietnam National Oil and Gas Group (PetroVietnam) has taken over the three Chevron subsidiaries in Vietnam, including the Chevron Vietnam (Block B) Co Ltd, Chevron Vietnam (Block 52) Co Ltd and Chevron Southwest Vietnam Pipeline Co Ltd. Chevron Vietnam (Block B) has a 42.38 per cent interest in a production-sharing… Read more »

Unlisted Geleximco gears up for stock market, M&A

The Vietnam based Hanoi Investment General Corp (Hanic), which is being delisted and is rumored to be on the verge of insolvency has signed a strategic partnership agreement with  Hanoi General Export Import Corporation  (Geleximco). The partnership could be part of Geleximco’s long-term plans to participate in Vietnam’s stock market. Founded in 2004,… Read more »

Exclusive: Inspire Ventures-backed ad platform SuperAwesome enters Vietnam

SuperAwesome, a London-based ad network for kids, whose investor include local venture capital firm Inspire Ventures, has entered Vietnam as part of its roadmap to expand in Southeast Asia (SEA). Inspire Ventures, a VC with presence in Thailand and Vietnam, was the key institutional investor in the undisclosed seed funding round for SuperAwesome in October 2014…. Read more »

VN IPO dealbook: PPI issues more shares, Thuong Dinh has successful IPO

After a series of unsuccessful IPO’s, Vietnam’s footwear firm Thuong Dinh not only sold out its shares, it was oversubscribed 12 times. Such successful IPOs are said to stem from the valuable tangible assets of the firms. Meanwhile, an affiliate of Civil Engineering Construction Corporation No 1, which was privatised last year,… Read more »

Vietnam M&A activities on the upsurge

M&A activities are on an upsurge in Vietnam across most industries, according to the Vietnam Competition Authority’s 2014 Annual Report.  In 2009-11 there were around 750 M&A transactions totally worth $6.89 billion. This increased to $11.13 billion in the 2012-14 period, with the mean transaction value rising concurrently, increasing from $10 million in 2012 to $15… Read more »