VN’s Savico sees changes in key positions


Saigon General Service (Savico) appointed Mai Viet Ha as the company CEO from January 19. He was the company’s deputy general director in charge of trade and service before becoming the CEO, Ha joined Savico in February 2008 after working in automobile firms Ford Vietnam and EuroAuto – BMW. He will be replacing Nguyen Binh… Read more »

AEC Effect: Thailand cos foray into Vietnam

For the past two years, several Thailand-based companies have been active in Vietnam M&A market. A series of deals involving Thai investors have led to acquisition of some of the largest private sector companies in Vietnam.  Experts view it as a byproduct of the regional consolidation, spurred by coming into being of… Read more »

VN invites $4m investment for Phu Quoc casino

Vietnam government is planning to develop Phu Quoc Island in the southern province of Kien Giang as a hub for casino tourism. The Prime Minister has already approved of the plan to invite investors, who must commit to a minimum capital of  $4 million, says the government portal. The Ministry of Construction and a Singapore consultant… Read more »

VietJet Air expects to raise $800m from IPO

Vietnam-based low-cost airline VietJet Air expects to raise $800 million from its initial public offering (IPO) this year, the Wall Street Journal (WSJ) reported. Luu Duc Khanh, CEO of VietJet, was reported saying that the company is planning to launch the IPO sometime during the end of this year. However, he did… Read more »

Vietnam’s top tech startups in consolidation mode

Last year saw Vietnam’s emerging tech startups, especially in telecom, retail and entertainment consolidate.  Mergers and acquisition activity in this space involved both the successful and the emerging companies. DEALSTREETASIA takes a look at the top four deals in the technical startup space and these involved the popular portal Sendo, HaviVL,… Read more »

Vietnam roundup: Vinalines, TVS & HCT

Following the ongoing restructuring of state-owned enterprises, the Vietnam National Shipping Lines (Vinalines) will be going for an IPO, this quarter. Another newly listed securities firm that raised capital for expanding operations, has debuted on the exchange, below expected levels. In another development, a foreign fund increased its investment in Hai Phong Cement Transport & Trading. Vinalines… Read more »

Vietnam’s Masan buys stake in two competitors

Masan Consumer, the consumer goods arm of Masan Group, has announced its subsidiary Masan Food has bought a 32.84 per cent stake in Cholimex Foods, a unit of Cho Lon Investment & Import Export Co Ltd. The group has also announced it’s plans to takeover Saigon Nutri Food, which specialises in… Read more »

‘Second-wave startups can expand beyond VN’

The second wave of business startups in Vietnam (after the first ones emerged around 2007-2008) is attracting more attention both from the government and the international community. Aside from partnering the Vietnam Silicon Valley project, the Ministry of Science and Technology, Vietnam has also tied up with the government of Finland,… Read more »

CII sells part LGC stake to PH’s MPTC for $91m

Ho Chi Minh City Infrastructure Investment JSC (CII) agreed to sell 30 million CII Bridge & Road (LGC) shares to the Philippine-based Metro Pacific Tollways Corporation (MPTC) through an issuance of $48.6 billion convertible bonds. The total value of the deal is estimated to exceed VND1.95 trillion ($91.5 million). At the signing… Read more »

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 »