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 »

Vietnam’s startup ecosystem attracting fresh VC interest

Vietnam is fast emerging as a hotbed for entrepreneurial activity if recent deals and interest shown by venture capital firms and overseas investors are an indicator. Apart from the firms that have been in the country for a long time -like IDG Ventures Vietnam – several new venture capital (VC) players have entered the Vietnamese startup… Read more »

Vietnam: Dragon Capital, others buys bonds of 577 Corp

Investment firm Dragon Capital, and two other investors, have purchased the total VND210 billion ($9.4 million) worth of convertible bonds of Vietnam-based construction and real estate company 577 Investment Corporation. The other investors were Amersham Industries Limited and Vietnam Debt Fund SPC, which are associated with Dragon Capital; Beira Limited, a fund… Read more »

Vietnamese bank BIDV to list additional shares post merger

The Bank for Investment and Development of Vietnam (BIDV) will be listing 337 million shares that it had issued earlier, in exchange for shares of the Mekong Housing Bank (MHB) during the May merger. The listing is expected to happen within the next quarter, according to reports in the local media. In… Read more »

Digital presence, discovery by customers critical for any business: Google’s Amy Kunrojpanya

Technology has made business more accessible, providing multiple ways to help improve it, increase efficiency, reach, connect with people and providing several new platforms to showcase its products, says Google’s head of communication and public affairs (Thailand, Vietnam and emerging markets) Amy Kunrojpanya . “So a really simple starting point is having an online presence… Read more »

Exclusive: Interflour Group scouts for more acquisitions in Vietnam

Flour miller Interflour Group will continue to look for new acquisition opportunities in the Vietnamese market, following its recent purchase of a factory owned by Foodinco Investmeng and Trading JSC, said the Singapore-headquartered company’s CEO Greg Harvey. As per the deal involving Foodinco’s unit, Vietnamese media earlier reported the value… Read more »

Samsung keen on bigger play in Vietnam, mulls investments in energy & insurance sectors

South Korean conglomerate Samsung, one of the largest foreign investors in Vietnam, is looking at extending its footprint in the country with fresh plans to invest in new sectors – insurance and energy. In 2014, Samsung group’s export value from Vietnam touched $26.3 billion, mostly from the electronics and related sector. This accounts for 17.5 per… Read more »

VN Realty Dealbook: Hung Thinh Corp buys condo project; US firm invests $120m in industrial park

Real estate market in Vietnam has seen some investment action coming in both from local and overseas investors. There has been an acquisition activity in a Vung Tau City-based condo project, while US-based Trillions Enterprise, has got the approval to initially invest $120 million in the Tan Duc Industrial Park, developed and managed… Read more »

Oman’s sovereign fund scores over home bidders in Vietnam’s Hai Phong Port stake sale

Oman’s State General Reserve Fund (SGRF) has earned an advantage over Vietnamese property giant Vingroup and  Vietinbank to become the strategic investor in Hai Phong Port, the largest port operator in northern Vietnam, according to transport ministry’s publication “The criteria for picking a strategic shareholder comprises not only the investor’s financial ability (which does not include… Read more »