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

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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 »


Vietcombank draws divestment & merger plans

Vietcombank, Vietnam’s fourth largest bank by assets, is planning to divest from its peer Eximbank, and increase its capital to $4.5 billion by offloading shares to investors. The government directive aimed at reducing cross holding between banks, regulates that a banking entity be allowed to own not more than five per cent… Read more »


Vietnam M&A deal market to touch $20b between 2015-2018

The Vietnamese merger and acquisition (M&A) market has witnessed a robust year in 2014, with $4.2 billion in size, which rose 15 per cent over 2013. Most of these the deals involved larger corporations. The M&A activities are further expected to reach a deal value of $20 billion in 2015-2018 ,… Read more »


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 »