VN Banking Dealbook: BIDV attracts investor from OECD, SCIC acquires 10% of Military Bank


The Bank for Investment and Development of Vietnam is scouting for an overseas strategic partner. According to a report by VietCapital Securities Company, the investor is likely to be a company from a country of the Organisation for Economic Cooperation and Development (OECD). In another movement, the State Capital Investment Corporation has… Read more »

Vietnam: HATCH! launches second edition of national startup competition

Vietnamese startup incubator HATCH! PROGRAM, in collaboration with the US-sponsored accelerator initiative Tigers@Mekong has launched a national level startup competition called HATCH! BATTLE. The application round is open and will be followed by the pitching round that will see the selection of the top 15 promising startups. The final pitching round will happen… Read more »

VN Dealbook: Beverage firm Tan Hiep Phat names Ruiz as deputy CEO; Wyndham Hotels enters Vietnam

Ha Long, one of the most popular coastal cities in Vietnam, has attracted fresh investment from the US-based hotel and resort operator Wyndham. In the food and beverage industry, key player Tan Hiep Phat has roped in Roland Ruiz on board as deputy CEO. Ruiz used to work for two… Read more »

Vietnam state broadcaster VTV to divest stake in three pay TV units

Vietnam Television (VTV), the leading state-owned broadcasting agency in Vietnam, will divest its interest in three pay TV units, VTVcab, SCTV and K+ and also privatise the cable TV platform VTVcab. The divestment aims at enhancing the efficiency of the pay TV units and bringing more benefits to shareholders, said VTV general… Read more »

Vietnam Dealbook: Imex Pan Pacific eyes more stake in SASCO; CII meets US investors

Vietnamese firms are making local investments as well as seeking overseas interest. While trading company Imex Pan Pacific targets to beef up its presence in the Southern Airports Services Company, in which it is currently the third largest investor, a senior official of the Ho Chi Minh City Infrastructure Investment JSC… Read more »

Japan to join Vietnam’s $16b Long Thanh International Airport project

Japan has shown interest in joining the development of Vietnam’s Long Thanh International Airport. This was communicated during a recent meeting between the Vietnam Ministry of Transport and its Japanese counterpart. The Long Thanh airport in Dong Nai province, 40 kilometres from Ho Chi Minh City, is of critical importance to the Vietnamese economy, said… Read more »

Vietnam: Nine investors buy stakes in Vinatea’s IPO

The Vietnam National Tea Corporation (Vinatea) has sold 31.8 per cent of its equity to nine private investors on Wednesday during the company’s initial public offer (IPO) auction, according to a Hanoi Stock Exchange announcement. The Hanoi Stock Exchange did not report any foreign investors in the purchase on Wednesday. Collectively, Vinatea garnered the… Read more »

VN Dealbook: HanesBrands ups investment in Vietnam to $55m; Da Nang Housing seeks to raise foreign holding to 70%

Vietnam is attracting increasing interest from global apparel groups even as the country is on course to be part of  the Trans-Pacific Partnership (TPP). US-based HanesBrands has it will take its total investment level in the country to $55 million to expand its apparel business. Meanwhile, the Da Nang Housing Development JSC… Read more »

CapitaLand forms JV with Thien Duc to develop $150m residential project in Vietnam

Singapore-headquartered real estate major CapitaLand, through its wholly owned subsidiary – CapitaLand (Vietnam) Holdings – has entered a joint venture in Vietnam to develop its seventh residential project worth $150 million in the country. The Singapore-listed firm’s subsidiary has entered into an 80:20 joint venture with Thien Duc Trading-Construction Company to… Read more »

VN Dealbook: Orchid Capital offloads shares of Masan Group; Kinh Do Corp eyes 50% stake in VietDragon Securities

The deal space in Vietnam has recently seen another divestment activity with Singapore’s Orchid Capital Investment selling shares in Masan Group, one of Vietnam’s biggest private companies. Meanwhile, following the failure to purchase stake at DongA Bank for its foray into the financial services sector, Vietnamese food firm Kinh Do Corporation… Read more »