Vietnam central bank to take over troubled VNCB


The State Bank of Vietnam (SBV) on Monday announced that it would acquire loss making and troubled Vietnam Construction Bank (VNCB) at no cost. All shares of Vietnam Construction Bank have been acquired by SBV to ‘develop business operations more safely and more effectively’, the State Bank of Vietnam said in a… Read more »

VN’s Nguyen Kim plans expansion post M&A deal

Nguyen Kim, a major electronic retailer in Vietnam, on Monday announced its ASEAN expansion plans, after being acquired by Thai retail giant Central Group. The partnership between Central Group and Nguyen Kim, which includes an investment of a 49 per cent stake in the Vietnamese company that came into effect… Read more »

VN Dealbook: Masan, PXPAM, Eximland, NBB

The latest in Vietnam Dealbook involves Masan Group, the country’s largest private equity firm in the field of consumer goods, continuing with restructuring process, while a foreign asset management company decides to merge its two funds to form an open-end fund. DEALSTREETASIA takes a look at the deal flows during… Read more »

Vietnamese fast food chain BanhMiViet to raise seed funding from PVNi

Fast food chain BanhMiViet, a Ho Chi Minh City-based brand serving Vietnamese bread, is in talks for seed funding from Prosperous Vietnam Investment (PVNi), an established venture capital network. While the deal has not been finalized yet, the company can get up to $45,000 as PVNi offers between $20,000-45,000 for… Read more »

Vietnam Dealbook: Hung Viet Capital, FIT, AFC Umbrella Fund

Foreign investors who have been flocking to Vietnam in large numbers in the recent past may soon have more reasons to cheer. The country’s securities watchdog plans to allow investment companies from abroad hold controlling stakes in local brokerages. Foreign companies can currently hold majority stakes, but it has to… Read more »

Aeon buys into Vietnam’s Fivimart & Citimart

Japanese retail giant Aeon Co Ltd. has formed capital and business alliances with two major supermarket operators in Vietnam as it expands its business in both that country and also across South East Asia. The company, which earlier had a ‘go-it-alone approach’, has now roped in Fivimart and Citimart, which… Read more »

BKAV partners with Qualcomm for smartphones

Vietnam’s leading antivirus software provider BKAV has reached an agreement with semiconductor company Qualcomm to use the US-based group’s patent in producing BKAV smartphones, according to Qualcomm’s country director for Vietnam, Laos and Cambodia, Thieu Phuong Nam. Domestic media reported that BKAV was the first company in Southeast Asia to… Read more »

Pure Foods buys out Hormel in Vietnam JV

San Miguel Pure Foods Co Inc, through its subsidiary San Miguel Pure Foods International Ltd. (SMPFIL), has bought out its partner – Hormel Netherlands – in its Vietnam venture, the company said. The deal, which sees the exit of the Dutch partner, gives SMPFIL full control of San Miguel Pure… Read more »

VietJet plans $300m bond sale prior to IPO

Vietnam’s budget airline VietJet was said to raise from $200 million to $300 million from issuing corporate bonds to finance the purchase of $9 billion aircrafts and expanding its maintenance units, according to an international news report. In an interaction with Bloomberg, VietJet’s CEO Luu Duc Khanh revealed that the… Read more »

VN Hai Duong province gets $122.5m FDI

The Hai Duong Industrial Zones Authority on Saturday granted investment licenses for five new foreign direct investment (FDI) projects with a total registered capital of $41.55 million and at the same time accepted capital increases of $80.9 million for three projects. Of the five new projects, animal feed group Leong… Read more »