Saigon Port IPO: Seaports attracting more foreign investment


The Saigon Port Company Limited that  will make its initial public offering (IPO) on June 30, 2014 has had a pre-tax profit was VND79 billion ($3.64 million) on consolidated turnover of VND1.073 trillion ($49.45 million). Many Vietnamese seaports have become attractive to major private investors, with the government seeking to reduce state ownership in seaports… Read more »

Hard to steer investment in Mekong startups, say global investors

While tremendous investments are often focused in the US, global investors are also trying to navigate the Asian startup market. However, funding differentiates within this continent, mostly and increasingly funneling to countries like Japan, China, Singapore and India. The lower part of the Mekong region falls behind despite its potential, said… Read more »

Central Group acquires second Vietnam-based electronics retailer Pico?

The retail arm of Thailand’s richest billionaire Tos Chirathivat, Central Group, is negotiating to buy Vietnam based electronics retailer Pico. The speculation about this acquisition follows a recent deal in January, which saw the Thai firm snap up 49 per cent of Vietnam retailer Nguyen Kim. Although Pico’s acquisition has not been announced, sources from the industry… Read more »

3 Mekong startups win $20,000 at regional entrepreneurship summit

Three startup teams from Laos and Vietnam have jointly won total grants to the tune of $20,000 at the Mekong Entrepreneurship Ecosystem Summit that was held over the weekend by Tigers@Mekong, an accelerator program funded by the US Department of State. The firms chosen include the ‘Mekong Next Top Mentors’  project,… Read more »

Adventus acquires 100% commercial benefits of Vietnam-based residential project

Singapore headquartered Adventus Holdings Limited’s 65 per cent owned subsidiary, Crimson Star Development, has announced that it has reached a deal to acquire the commercial benefits of a residential property development project based in Ho Chi Minh City, Vietnam. The semi-completed residential project, called VRG Riverview, located at the city’s centre… Read more »

VN Dealbook: Hanoi Water Co subsidiary prepares IPO, Binh Dinh invites Singapore investment

Vietnam aims to privatise almost 400 state companies in 2015. One of the recently approved initial public offer (IPO) is that of the Hanoi Clean Water Co Ltd No 2, water supply firm in the capital city. Meanwhile, a delegation from Binh Dinh province in central Vietnam is in Singapore to… Read more »

Exclusive: Vietnam to launch a national venture capital fund by year-end

The Vietnam Ministry of Science and Technology is exploring the possibility of establishing a national venture capital (VC) fund, to foster the growth of local startups and build a strong ecosystem, DEAL STREET ASIA has learnt. The ministry has founded a number of supporting organisations, such as the National Foundation… Read more »

Japan mulls investment in Ho Chi Minh City metro project

Japan, Vietnam’s largest official development assistance (ODA) partner, is keen on developing the underground metro station and trading centre project in Ho Chi Minh City, and is considering providing ODA loans for the city, the Vietnam News Agency has reported. The subsurface project will be located at the Ben Thanh… Read more »

Vietnam’s Masan Consumer Holdings to raise $417m via bonds

Masan Consumer Holdings (MCH), a wholly-owned subsidiary of one of Vietnam’s leading private firms Masan Group, and a syndicate of eight banks led by Vietcombank, have inked agreements to sell 9 trillion dong ($413.32 million) worth of bonds. “This is the largest ever private corporate bond deal in Vietnam’s capital market,”… Read more »

VN Dealbook: Power Nhon Trach 2 to list on HSX, Chairman to increase stake in Hoa Phat

Vietnam based listed companies have seen a change in listing patterns. A state owned power company is planning to start trading on the HCM City Stock Exchange, transferring its shares, which were earlier listed on the UPCoM. Meanwhile, the chairman of Vietnam’s listed steelmaker Hoa Phat Group, is seeking to increase his holding in… Read more »