PetroVietnam’s fertilizer unit to list 10m shares this month


Vietnamese fertiliser producer PVFCCo Central, a subsidiary of the PetroVietnam Fertiliser and Chemicals Corporation – a blue chip company listed on the Ho Chi Minh City Stock Exchange – will start to list its 10 million shares on the northern Hanoi Stock Exchange on July 23. The reference price for… Read more »

Vietnam-based price comparison platform Websosanh joins Korea’s YSM through share swap

A deal between Vietnam-based price comparison platform Websosanh and Yello Shopping Media (YSM), a unit of Korea’s mobile service group Yello Mobile, that was signed last month, was recently implemented through a share swap, the Korean company announced on Thursday. DEALSTREETASIA had reported last month that Websosanh had joined the YSM… Read more »

Vietnam’s Masan Group issues $46m ESOP shares

Masan Group, one of Vietnam’s largest private consortia, has announced an issue of 10.9 million shares to 73 of its employees, under the employee stock ownership plan (ESOP). The initial plan was to issue 12 million shares. As a result of the issuance, Masan Group’s charter capital will increase to nearly… Read more »

Dragon Capital funds transfer 3m FPT shares to US based firm Wasatch

Five funds and investment banking firms under the management of Dragon Capital – an investment vehicle in Vietnam – have transferred three million shares of the country’s largest tech company FPT Corporation, to two funds of US-based fund management firm Wasatch. This was announced by the Vietnam Securities Depository, which revealed that the transfer has… Read more »

Vietnam: Looking for blockbuster IPOs in 2H 2015

A spate of state-owned giants in Vietnam successfully offered their shares to the public last year. These included, the national flag carrier Vietnam Airlines (collecting over VND1 trillion – $46 million during the IPO), the Vietnam National Textile and Garment Group, or Vinatex (VND1.2 trillion) and the Ca Mau Fertiliser (VND1.58… Read more »

Sacombank, Southern Bank deal marks Vietnam’s third bank merger for 2015

Shareholders of two Vietnam-based lenders, Southern Bank and Sacombank, have approved a merger that will see a joint entity with VND18.85 trillion ($868.6 million) charter capital. This deal marks country’s third bank merger in 2015. The new bank, which will retain the name of Sacombank, will have nine overseas offices, in addition… Read more »

Myanmar to be strategic market in FPT Corp’s global investment plan

FPT Corporation, Vietnam’s leading tech firm, has become the first overseas business to be granted the Network Facilities Service-Individual telecommunications service license – NFS(I) – by the Myanmar information and communications technology ministry. FPT has been in the country since 2013 and the company executives maintain that Myanmar is “one of the… Read more »

Siam Commercial Bank to take-over its Vietnam-based JV Vinasiam Bank

Thailand’s Siam Commercial Bank (SCB) will set up a wholly owned branch in Vietnam by taking over Vinasiam Bank – which is a joint venture between SCB, the Vietnam Bank for Agriculture and Rural Development (Agribank) and Thai conglomerate Charoen Pokphand Group. “Vinasiam Bank is an utterly weak bank in operation, which cannot assure… Read more »

HATCH! COACH program receives $5K support from TIGERS@Mekong

TIGERS@Mekong, an acceleration initiative for the lower Mekong region by the US Department of State, has dished out a sub-grant of $5,000 for HATCH! COACH, an annual startup training platform of Vietnam’s incubator HATCH! PROGRAM. The fund has been described as “a mutual effort” to boost technology-based startups in Vietnam…. Read more »

VN Dealbook: Vinamilk adds $3.5m in New Zealand’s Miraka, Vietinbank Capital acquires 13.5% in PTIC

Two companies in Vietnam have recently increased investment in other businesses through share acquisition. While Vinamilk, the country’s biggest dairy firm, poured another tranche of $3.5 million in an overseas partner, Miraka Limited – New Zealand, Vietinbank Capital’s maiden investment in the Post and Telecommunications Investment and Construction JSC, see the investment firm… Read more »