Vietnam’s ceramics firm Viglacera to establish real estate subsidiary


Vietnam’s ceramics and building material corporation Viglacera has got nod from the Ministry of Construction to establish a real estate company, named Visaho, with a charter capital of VND35 billion ($1.6 million). The ministry announced that during the first phase of development, Visaho will firstly garner a capital of VND15… Read more »

Government to retain 100% ownership in PetroVietnam, reduce stake in its subsidiaries

Vietnam will retain its 100 per cent state ownership in the oil and gas giant PetroVietnam and a controlling stake in the Vietnam National Petroleum Group (Petrolimex), at least until 2030, under terms of a master plan for the country’s energy sector for the next 15 years. PetroVietnam plays a dominating role… Read more »

Vietnam Dealbook: Businessman Do Quang Hien acquires Vegetexco Vietnam, Saigon Securities looks at 100% foreign ownership

Vietnam-based private companies – T&T Group and Saigon – Hanoi Insurance Company – run by businessman Do Quang Hien. have submitted bids to acquire stakes in the state-owned enterprises;  have registered to be the strategic investors of the agriculture firm Vegetexco. Meanwhile, Saigon Securities Inc, one of the leading securities firm by brokerage market share, aims to let… Read more »

Vietnam’s largest northern port to list on August 12

Hai Phong Port, the largest port operator in northern Vietnam, will list its 326.96 million shares on the Hanoi Stock Exchange from August 12, coded as PHP, the company has announced. This volume of shares is equivalent to the company’s charter capital of almost VND3.27 trillion ($150.7 billion). At the reference price… Read more »

Vietnam to divest state holding in dairy major Vinamilk

The State Capital Investment Corporation (SCIC) is planning to offload its holding in Vietnam’s largest dairy firm Vinamilk, and will release a detailed timeline for the divestment, the country’s deputy minister of planning and investment Dang Huy Dong said. The state still holds over 45 per cent in Vinamilk, which is one of… Read more »

Vietnam Dealbook: Singapore cos to invest across various sectors; Domestic cos invest $155.4m overseas in H1

Vietnam based companies have invested more than $155 million in foreign markets within the first six months of 2015, meanwhile the country’s Prime Minister has encouraged Singaporean firms to foster their investment activities in Vietnam. Singapore keen on various sectors in Vietnam Several Singaporean companies, including energy and marine group… Read more »

Consumer goods sector to lead the M&A wave in Vietnam

The consumer goods sector and related industries will be leading the next M&A wave in Vietnam, following the recent developments involving Japanese and Thai companies. The areas, related to the sector of consumer goods will be the most attractive sectors (for M&A), said John Ditty, deputy CEO of KPMG Vietnam while he… Read more »

Red River Holding looks to divest from Vietnamese portfolios

Red River Holding, an investment fund backed by French Artemis Group, has exited plastic goods producer Ngoc Nghia Industry – Service – Trading JSC by selling more than 1.6 million shares of the company, according to the Hanoi Stock Exchange. The buyer, La Bui Hoang Nghia, which is also the… Read more »

Samsung to invest $3b to increase display module production capacity in Vietnam

Samsung Display, a unit of Korean largest conglomerate Samsung Electronics, is planning to invest $3 billion in Vietnam, to enhance the display module production capacity. The additional investment comes on top of its $1 billion OLED display plant in the northern Bac Ninh province, which has been put into operation in the… Read more »

Vietnam to see 400 M&A deals worth $3.8b by end of 2015

Vietnam is expected to be 20th in the global M&A market in 2015, with the total number of deals involving the country-based firms reaching 400. In terms of value, the deals from the beginning of this year have already touched $2 billion, placing the country in the 41st position. The figure is expected to reach  $3.8 billion by… Read more »