$110b in FDI-powered exports spur Vietnam economic growth


Vietnam’s gross domestic product (GDP) grew at the rate of 5.62% in 2014, much higher than the world average of 3.3%, mainly due to increased export activity by the FDI enterprises in the sectors of processing and manufacturing. This was revealed by International Monetary Fund’s (IMF) representative Sanjay Kalra at… Read more »

VNDirect Securities announces $25.85m bonus & rights issue

Vietnam-based securities firm VNDirect Securities has announced a stock bonus and rights issue for the existing shareholders. The company will be issuing 55 million shares, valued at VND 10,000  to raise money ( VND 550000 million or $25.85 million) for increasing the charter capital for company’s operations. This will include: advanced professional development… Read more »

VNI converts to open-ended fund

Vietnam Infrastructure Ltd (VNI), a fund managed by VinaCapital, has changed from being a close-ended investment fund to an open-ended fund. This was disclosed by VinaCapital representative at the annual investor conference, last week. This is part of the new ongoing trend of converting close-ended funds into open-ended ones, a… Read more »

Vietnam Airlines to sell 3.47% stake in Nov float

Vietnam’s flagship air carrier – Vietnam Airlines – will sell 3.475% stake, equivalent to 49,009,008 shares of the company in its initial public offering (IPO) this month, the country’s transport ministry said in a directive. The initial share price will be 22,300 Dong ($1.06) each, and the sale is set… Read more »

Linh is PVcomBank’s new general director

Nguyen Hoang Linh has been made the new general director for Vietnam Public Bank (PVcomBank) replacing Nguyen TheBao, who has been re-positioned to PetroVietnam Exploration Production Corporation (PVEP) as a member of the management board. Linh has over 16 years’ experience in the financial and banking sector and was the… Read more »

Nguyen Cong Nam Hien : The toy entrepreneur

It is tough to get investors excited about a toy startup. But for Nguyen Cong Nam Hien, the founder of Vietnamese toymaker Mato.vn, it was about converting his childhood passion into a visible business plan. Along the way, investors took notice. Incubated at Hatch!, the company recently raised an undisclosed… Read more »

Vietnam’s Ocean Bank has a new chairperson

The board of Dai Duong (Ocean) Bank has voted Nguyen Minh Thu as the  chairperson of the  Board of Directors.  Earlier on the same day, the Board had discharged Ha Van Tham from the office of Chairman due to his individual “violation of regulations on lending activities”. According to the… Read more »

Global telcos vie for stake in Vietnam’s MobiFone

Several European and Asian carriers are in the race to pick up a minority strategic stake in Vietnam’s second largest mobile operator MobiFone before its proposed listing in 2015, a banker tracking the development, and declined to be named, said. Norway’s Telenor ASA , which recently began rolling out mobile… Read more »

International consortium to plan Da Nang hi-tech zone

The Da Nang Institute for Socio-Economic Development (DISED), Seoul Research Institution and the United Nations Human Settlements (UN-HABITAT) have formed a a consortium to develop a strategic plan for the high-tech development zone in the city of Da Nang, in central Vietnam. In an earlier seminar, a research team, had… Read more »

Hatch! Riding Vietnam’s startup scene

A little known fact even in the region – Vietnam’s startup ecosystem is coming of an age. Be it the launch of new companies, incubators, accelerators, tech-related events or the increasing numbers of angel investors – the vibrancy in this field is for real. The addictive Flappy Bird may be… Read more »