Hong Kong’s Chow Tai Fook takes controlling stake in Vietnam’s long-stalled $4b Nam Hoi An casino resort


Vietnam-based investment firm VinaCapital has teamed up with Hong Kong’s property-to-jewellery conglomerate Chow Tai Fook Enterprises Ltd to jointly develop the long-stalled $4 billion Nam Hoi An casino resort in central Quang Nam province of Vietnam, the investment company has announced. Accordingly, VinaCapital’s London Stock Exchange’s Alternative Investment Market-listed fund VinaLand Limited… Read more »

VN Dealbook: T&T group is strategic investor in Transportation Hospital, Sun Group spends $217.7m on Phu Quoc entertainment centre, An Phat Real Estate to take controlling stake at Vinaconex 3

Private property companies in Vietnam have recently engaged in a spate of infrastructure investment and equity deals. While T&T Group, a multi-sector group that is also involved in real estate, has basically become the strategic shareholder of the Central Transportation Hospital – the first state healthcare unit to be privatised… Read more »

Singapore’s Sebrina Holdings eyes Vietnam’s transport infrastructure projects

Sebrina Holdings Ltd (Singapore) is seeking investment opportunities in transport infrastructure projects, particularly seaports, in Vietnam, according to an announcement by the Vietnam’s Ministry of Transport Dinh La Thang, the minister of transportation, said: “Vietnam needs to make breakthroughs in various sectors in which transportation infrastructure is seen as a… Read more »

Indonesia’s Interflour acquires Vietnam flour mill for $4m

Flour miller Interflour Group, owned by Indonesian tycoon Anthoni Salim, has reportedly acquired a flour mill in Vietnam for $4 million, a move seen to strengthen its foothold in the southeast Asian region. Although the Da Nang-based facility in Central Vietnam has a modest capacity of only 220 tonnes per year, it… Read more »

VN Dealbook: KIS to takeover local unit, CityLand CEO takes substantial stake in Vinatex, local SMEs need growth capital

With the Vietnamese government allowing overseas investors to fully own local businesses in many industries, securities companies are seen leading the trend. The new policy took effect from September 1, 2015.  Also, more private investors, both individuals and organisations, are seen showing interest in state-owned firms, including the Vietnam National Textile… Read more »

Important to build a community within co-working spaces: Toong founder Duong

The startup ecosystem of Vietnam just got a leg up with the addition of a new co-working space, Toong (To Ong – Hive in English), based at No 8 Trang Thi, Hanoi. That brings the number of co-working spaces for startups  in the city to three, along with two incubators-cum-collaborative workplaces… Read more »

Vietnam’s Thong Nhat Production draws up plans to buy 4 state agriculture firms

Vietnam-based Thong Nhat Production and Investment JSC has announced an aggressive plan to acquire four state-owned companies in the agriculture sector. For this purpose, the company has decided to double its charter capital by an issue 75.2 million additional shares. The money raised will be used to fund the acquisitions. Thong Nhat’s current… Read more »

Google promotes cloud platform to Vietnamese startups

Global Integrated Management System Co Ltd (Gimasys), the Vietnamese partner of Google, is on a promotional drive to push Google cloud platform usage by the country’s startups. Gimasys says, the platform will enable Vietnamese startups to enhance their business performance and drive cost benefits. Google competes with Amazon, the leading… Read more »

Vingroup e-commerce foray gains pace; launches Adayroi.com beta version

Vingroup, Vietnam’s leading real estate developer run by Forbes billionaire Pham Nhat Vuong, is advancing on its plans to foray into the local e-commerce space. The group has, through its VND1.050-trillion ($47 million) subsidiary VinEcom Co Ltd, introduced a beta version of its e-commerce platform Adayroi.com.  Vingroup holds 70 per stake in the… Read more »

Vietnam Dealbook: VNPT collects $31.3m from divestment, Hong Kong-based Huafu Co Ltd invests in $300m project in Vietnam

The investment scene in Vietnam continues to see new movements from both local and foreign firms. While Hong Kong’s Huafu Co Ltd has got nod from the Long An province to start its $300 million textile project, the Vietnam Post and Telecommunications Group said it has finished divesting from 63… Read more »