Vietnam Dealbook: MobiFone, Tran Anh

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MobiFone, one of Vietnam’s three major network operators, has been asked to seek a consulting agency and strategic partners for its equitisation process, which might happen in the third quarter of this year. Meanwhile, shareholders of Tran Anh Digital World JSC did not veto the acquisition of the company’s Japanese… Read more »

Vietnam’s NamABank plans to list on stock exchange

South Asia Commercial Bank, or NamABank, is planning to list on the secondary market this year, according to a regulatory filing done by the bank. “Listing will help create more investment opportunities and increase the benefits for our shareholders,” the bank, that is traded over-the-counter, said in a statement. According to the… Read more »


Vietnam Dealbook: Sasco, Maritime Bank, Duc Long Gia Lai

Vietnam’s corporate sector saw developments in the ownership structure of both the government-owned and the private firms. While the Southern Airport Services Company could not bring its shares on the stock market due to a tight shareholder structure, Maritime Bank unveiled a share swap plan to take over Mekong Development… Read more »


CNA Group explores stake in Vietnam airport concession after bagging $70m terminal deal

Singapore-listed engineering firm CNA Group is exploring the possibility of picking up an equity stake in Vietnam’s 30-year airport concession, to secure long term recurring income opportunities, the company said, in a regulatory filing Thursday. The regulatory filing was on account the group’s subsidiary signing a Letter of Intent with… Read more »


VN’s HDBank sells 49% in HDFinance to Japan’s Credit Saison

Vietnamese commercial lender Ho Chi Minh Development Bank (HDBank) will offload a 49 per cent stake in its financial arm, HDFinance, to Japanese investor Credit Saison Co Ltd, as approved by the State Bank of Vietnam. The financial company will be renamed as HD Saison Finance. HDBank will reduce its holding… Read more »


Duong Quang Thanh is new chairman for Vietnam Electricity

Duong Quang Thanh, deputy general director of the Vietnam’s state-owned power supplier Vietnam Electricity (EVN), has been designated the group’s chairman, replacing Pham Le Thanh, who is EVN’s general director. Holding a doctoral degree in economics, the 53 year-old executive has been working for EVN for almost 20 years. In his new position,… Read more »


VNPT fails to attract investors for 7 non-core businesses

The Vietnam Posts and Telecommunications Group (VNPT) announced on its website that it has failed to attract buyers for seven of it’s group companies, scheduled, stake for which were to be auctioned on March 31. Vietnam’s oldest state-owned telecom group was to divest from joint stock firms under the restructuring… Read more »


Vietnam hastens IPOs of state-owned firms

Vietnam’s financial authorities and capital market participants met on Wednesday to tackle the problems in equitising state-owned enterprises and hasten the initial public offer (IPO) of some 350 more companies before 2016. The Vietnamese Ministry of Finance, the State Securities Commission (SSC) and the Hanoi Stock Exchange jointly introduced a… Read more »


VN Dealbook: Emart, Sacombank, Hanoi Toserco

The Vietnamese investment ecosystem has a new retailer from South Korea, the Shinsegae Corporation-led Emart. Meanwhile, another Vietnamese commercial bank, Sacombank, plans to develop its current branch in Laos, into a fully private own bank. Tuesday marked the most successful initial public offer (Hanoi Tourist Service Company), since earlier this year. Skorea’s… Read more »


Ton Poh Thailand Fund picks 6% stake in Vietnam’s CotecCons

Indochina Holdings Group Ltd has finished selling three million shares in Cotec Construction JSC (CotecCons) to fully exit the 7.12 per cent stake in the company, as previously registered. The transaction was executed within two days from March 25 (2.5 million shares) to 26 (0.5 million shares) through negotiation method. The total… Read more »