Vietnam IPO Dealbook: Trang Thi to conduct IPO, Thien Quang issues additional shares


Vietnamese companies are planning to raise funds through the stock exchange. While the Hanoi-based Trang Thi Trade and Services Co Ltd will offer shares to the public for the first time, next month, stainless steel maker Thien Quang Group is planning to issue an additional tranche of 8.34 million shares, to raise… Read more »

Vietnam’s overseas investment expands to $20b

Vietnam had 962 investment projects in other countries, worth $15 billion in registered capital, by the end of April. This was disclosed by the nation’s Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, which further added that about 100 of these projects had submitted for a capital increases by… Read more »

Vietnam’s PVI Holdings forms strategic partnership with Korea’s Lotte Insurance

PVI Holdings, Vietnam’s largest insurer in in the energy segment, has signed an international cooperation agreement with Lotte Insurance in Seoul, Korea, to jointly distribute both companies’ services in the global market. “Our strategic goal is to expand globally, especially in Vietnam, where many Korean businesses have been present. So we hope this… Read more »

Vietnam’s Gemadept to have 51% stake in $30m new logistics centre

Vietnam’s logistics firm Gemadept Corporation will contribute 51 per cent capital to establish the VND669 billion ($31 million) logistics centre in southern Hau Giang province, the company has announced. The 15 hectare project is located in the Song Hau Industrial Park, a key area for the company to develop its logistics… Read more »

FLC Group in race to acquire stake in Vietnam’s first privitised hospital

Vietnam based property developer FLC Group has reportedly put forward a proposal to the Ministry of Transport, to acquire the entire stake that the Vietnam Central Transportation Hospital plans to sell to a strategic partner. The hospital will be Vietnam’s first healthcare facility to be privatised. It was valued at… Read more »

Race for the control of Vinamilk raise concerns over management

The largest dairy firm in Vietnam, Vinamilk has been at the centre of controversy with reports of direct confrontation between the company’s board of directors and the firm’s largest shareholder, the State Capital Investment Corporation (SCIC). The disputes over different corporate governance perspectives, that started two years ago, came to… Read more »

Alpha Accelerator Program will ensure that more startups get funded: Nguyen Ngoc Nam

The Alpha Accelerator Program (AAP) is the first of its kind in Vietnam that follows the model of Singapore’s JFDI (the Joyful Frog Digital Incubator). Nguyen Ngoc Nam, chairman of tech company Alpha Vision and founder of the program, said that AAP’s approach involves working with investors before selecting startups…. Read more »

Luxembourg-based Eurofins Scientific acquires 65% in Vietnam’s Sac Ky Hai Dang lab

Eurofins Scientific, the Luxembourg-based food and environment testing services company, has reached an agreement to acquire a 65 per cent stake in Sac Ky Hai Dang Science Technology Services JSC, a leading private laboratory in Vietnam. Sac Ky Hai Dang analyses food and agricultural products, and also does environmental testing…. Read more »

VN realty dealbook: Sao Mai invest in Thanh Hoa, Tasco issues bonds to fund projects

The investment scene in Vietnam’s real estate sector has seen new developments from Sao Mai Corporation and Tasco JSC. While Sao Mai has gained license for its urban area project in coastal province Thanh Hoa, Tasco plans to raise funds from issuing convertible bonds. Sao Mai get nods to invest in… Read more »

Vietnam’s FPT Corporation kicks off accelerator & VC arm with $3m seed fund

FPT Corporation, Vietnam’s leading tech firm Tuesday launched its accelerator and venture capital arm, FPT Ventures, a $3 million fund that will target seed and series A investments in local startups. DEALSTREETASIA had first reported this development last week, and had said that Vietnam’s biggest tech corporation would partner US-headquartered venture capital… Read more »