Viettel Global increases capital to fund new overseas investment


Viettel Global, the international investment unit of Vietnam’s military-run telecommunications group Viettel, is planning a VND10 trillion ($465.12 million) increase in its charter capital, to facilitate future investment in new foreign markets. The company’s current registered capital is nearly VND12.44 trillion ($578.6 million), with the Viettel holding 97.58 per cent stake…. Read more »

More Russian capital to flow into Vietnam with FTA?

A recent diplomatic visit by Russian Prime Minister Dmitry Medvedev to Vietnam and Thailand may signal an increase in Russian capital flowing into Vietnamese and Thai markets, suggests a report by The Diplomat. In the wake of the Crimea Incident, amid increasing economic isolation from Western markets, Russia finalised a SU$400 billion energy deal with… Read more »

Vietnam’s Vimico hopes to offload 25% stake during IPO

Vietnam’s Vinacomin – Minerals Holding Corporation (Vimico) will be one of the first Vietnamese large, state-owned corporations to conduct initial public offer (IPO) this year. The member of the Vietnam Coal and Mineral Industries Holding Corporation Limited (Vinacomin) will auction some 46.7 million shares at the starting price of VND10,500 ($0.49),… Read more »

Pan Pacific has a mission to invest in agriculture: Nguyen Duy Hung

This year has seen a number of Vietnamese companies diversifying into agricultural sector, which is a departure from the prevailing trend of investing in sectors related to finance, insurance or real estate. Companies like LienVietPostBank, Hoa Phat Group, Hoang Anh Gia Lai, FIT Group, Vinamilk, Pan Pacific have already ventured into agri business with activities… Read more »

Singapore is third largest foreign investor in Vietnam

Singaporean firms have invested $33 billion into Vietnam, mostly centred around Hanoi ($4.17 billion) and Ho Chi Minh City ($9 billion), by the end of February 2015, say the statistics provided by Vietnam’s Foreign Investment Agency, This makes Singapore, the third largest investor in Vietnam, after South Korea and Japan. Vietnam’s strategic location, low-cost labor,… Read more »

Vietnam Dealbook: Bao Phuoc-VNECO, Petro Song Da-PetroVietnam Construction, Kim Long Securities

This week, Bao Phuoc JSC, a small domestic brand in Vietnam, acquired nearly 12.5 per cent in electricity and construction major VNECO. Another development in Vietnam’s construction industry saw the company Petro Song Da, become a subsidiary of PetroVietnam Construction via a share purchase deal. Meanwhile, Kim Long Securities Company, worth VND202.5 billion ($9.4… Read more »

Vingroup takes over Vinatexmart, plans aggressive retail expansion across Vietnam

Vietnam’s realty major Vingroup has strengthened its presence in the local retail market by acquiring 100 per cent of Vinatexmart, the retail arm of the Vietnam National Textile and Garment Group. The details regarding the value of the deal werre not disclosed by either company. Thus, the property giant has… Read more »

Foodpanda partners Korea’s BBQ Chicken to expand in Vietnam

Food ordering platform Foodpanda and the Vietnam-based unit of South Korea’s BBQ Chicken in Vietnam have reached partnership and an exclusive shipping agreement for services in the country. Prior to this deal, Foodpanda Vietnam has worked with some local BBQ Chicken stores. The cooperation now allows customers to access the services and… Read more »

Vietnam’s Hung Vuong acquires 50% in shrimp exporter Sao Ta Foods

Vietnamese food processor Hung Vuong Corporation is looking to acquire stake in Sao Ta Foods, a smaller peer with a charter capital of VND200 billion ($9.3 million). Hung Vuong has made a public offer to purchase 2.5 million shares of Sao Ta Foods within one month from April 9, to increase its… Read more »

Vietnam’s API raises $4.7m via private placement, seeks more investors

Asia Pacific Investment JSC (API), a Vietnamese real estate investment company, said it  raised VND100 billion ($4.65 million) through private placement to foreign investors. After the non-public offer, the company’s capital reached VND364 billion ($16.93 million). Accordingly, Lucerne Enterprise Ltd, a fund led by Indonesian conglomerate Salim Group, purchased 7.3 million shares… Read more »