Vietnamese banks expand in Indochina


Vietinbank has got nods from the State Bank of Vietnam to transform its branch in Laos into a bank, according to a document released by the central bank late on Tuesday. The unit will be 100 per cent owned by Vietinbank and named as Vietinbank Lao Limited with a charter… Read more »

Vietnam to launch 292 state co IPOs in 2015

Vietnam is on a two-year deadline to fast track the equitisation of its 432 government owned enterprises – a process that involves unloading or diluting the government’s stake  in a state corporations through IPO’s (initial public offers) where shares are auctioned or through private placements. Essentially, by the end of… Read more »

Thai Central Group acquires VN’s Nguyen Kim

Thailand retailer Central Group has announced the acquisition of 49 per cent of NKT New Solution and Technology Development Investment JSC, through its unit Power Buy. The Vietnamese company is the owner of the well-known electronics retailer Nguyen Kim. “The CEO of Central Group Vietnam, Philippe Broianigo, will concurrently hold this position at… Read more »

VN round-up: Techcombank, MWG, VOI

As the Vietnamese government urges state-run corporations to divest and equitise, the activity of selling stakes and seeking strategic partners is gathering pace, especially in the shipping and the banking sector, in deals involving the Vietnam National Shipping Lines Corporation and Techcombank. Besides, Mobile World Group, Vietnam’s largest mobile device retailer,… Read more »

FLC buys realty projects for $286m in 2014

A series of successful acquisitions have helped FLC Group enlarge its investment portfolio and become a big name in the Vietnamese real estate market within a year. Last month, FLC announced that it had take over the 41-storey, multi-use development, the Lavender project that has a building complex with four underground levels,… Read more »

VN roundup: NCT ,Nam A Bank, Vinamotor

Following the Vietnamese Government’s initiative of restructuring the state-owned enterprises, a series of entities with state holdings are to be equitised and listed. Vietnam Airline subsidary, Noi Bai Cargo Terminal Service, listed today while Southern Asia Commercial Joint Stock Bank is planning its IPO Noi Bai Cargo Lists today More than 24.9 million… Read more »

Axiata eyes stake in Vietnam’s MobiFone

Malaysian telecommunications group Axiata  Group Berhad  is interested in partnering partnering Vietnamese network operator MobiFone after its future equitization, and the company had conveyed this message during a recent meeting with Vietnam’s Ministry of Information and Communications (MoIC) ,local media reports said. Axiata joins a growing list of European and… Read more »

Finland to invest in Vietnamese startups via IPP

The Euro 10 million Innovation Partnership Program (IPP), an official development assistance (ODA) program financed jointly by the government of Finland and Vietnam’s Ministry of Science and Technology, has reached its second stage, revealed the government officials at a conference at Hanoi. The program is meant to  support new Vietnam-based businesses and startups… Read more »

Masan Group restructures consumer biz

Masan Group Corporation (MSN), one of the largest private businesses in Vietnam, has been in the process of restructuring its consumer business, for the past few months. Recent group initiatives to strengthen Masan Consumer Holdings (MCH)  and position it as a strategic driver of future growth have included: selling stake of Masan… Read more »

Vietnam’s $1.8b airport operator ACV plans IPO

The Airports Corporation of Vietnam (ACV), valued at approximately $1.8 billion, is preparing for its initial public offering (IPO) in the second quarter of this year, said the Ministry of Transportation. The privatisation of the corporation is expected to create big value in the market, not only in term of the… Read more »