Vietnam Dealbook: Vingroup to invest in 3 largest railway stations, Dragon Capital’s funds up stakes in Binh Chanh


Vietnam is encouraging the public – private partnership across sectors and has invited private companies to join the investment in major infrastructure projects. Most recently, Vingroup has collaborated with the Vietnam Railways Corporation to upgrade the country’s largest railway system. In another development, a group of funds managed by Dragon Capital, that… Read more »

Energy major PetroVietnam to divest from non-core business, mainly banks

Energy major Vietnam National Oil and Gas Group (PetroVietnam) is planning to divest from non-core business portfolio, mainly banks. The value of the group’s non-core investment is estimated to be in trillions of Vietnamese dong, and mainly includes its investments in the PVCombank and the OceanBank. The divestment process is expected to be completed by the end… Read more »

VN Dealbook: FLC Group to start construction of newly acquired project, bike maker VIHA to issue shares, Daiwa Securities ups stake in SSI

Vietnam based FLC Group said it will start construction of a Hanoi-based property complex project – which it recently acquired – in August. Meanwhile, the state-owned sector has seen one more company conduct initial public offer (IPO) and become a public company. In the indirect foreign investment area, Daiwa Securities Group… Read more »

Vietnam’s Topica launches EdTechLab, to foster disruptive tech in education

Vietnam-based edtech group Topica launched Topica EdTechLab programme in Hanoi, to foster young startups that are looking to apply new technologies in the sector of education. “Topica EdTechLab  expects to showcase disruptive technologies, which will potentially be applied not only in Vietnam but also in the Southeast Asian region, to improve the… Read more »

Hoang Anh Gia Lai sells Da Nang-based HAGL Plaza Hotel

Vietnamese property developer Hoang Anh Gia Lai Group (HAGL) is learnt to have sold its five-star HAGL Plaza Hotel Da Nang to a company run by an Australian Vietnamese for $25 million, according to an industry executive familiar with the development. The transaction was sealed in April, this executive added…. Read more »

Fertiliser firm PVFCCo South West’s stock price drops on debut

Shares of PVFCCo South West, a subsidiary of the PetroVietnam Fertiliser and Chemicals Corporation (PVFCCo), traded sluggishly during its debut on Tuesday, two days before its peer PVFCCo Central starts being listed. The stock price closed at VND13,400 ($0.6), declining 0.7 per cent from the reference price, while only 1,800 shares changed… Read more »

Vietnam-based food co Kinh Do acquires 17% in DongA Bank

Vietnam’s food firm Kinh Do Corporation will become DongA Bank’s strategic shareholder with a majority holding of 17 per cent. The bank is planning to increase its charter capital by VND1 trillion ($46 million) to VND6 trillion by issuing additional shares to Kinh Do. This was officially decided during DongA Bank’s shareholder meeting… Read more »

Consolidation to 17 local banks remains a challenge in Vietnam: World Bank

The consolidation process of Vietnamese banks has been accelerated within the first six months of 2015, but the country’s goal to reduce the number of banks to 15-17 by 2017 will be a big challenge, commented the World Bank in its update on the Vietnamese economy. While the previous years saw… Read more »

Vietnam Dealbook: HAGL Agrico lists shares, Licogi 13 sells 5.57m shares to increase capital

Several public companies in Vietnam have seen new developments regarding the listing of their stocks. The local stock exchange on Monday, introduced a new code – that of the HAGL Agrico, a subsidiary of property magnate Hoang Anh Gia Lai Group. Meanwhile, construction firm Licogi 13 is planning to sell a batch… Read more »

Vietnam’s realty firm FLC acquires Hanoi-based abandoned project

Vietnam’s property developer FLC Group has taken over a project located in the urban district Cau Giay, Hanoi, by acquiring 22.8 per cent of the Chemical and Scientific Technological Materials JSC (CEMACO), the project owner, FLC has confirmed through a post on its website. In addition, Dam Ngoc Bich, deputy general… Read more »