Mekong Cap divests 2% Mobile World stake


Mekong Capital, Vietnam-focused private equity firm, has registered to sell 2.24 million shares, or a 2.1 per cent stake, in Vietnam’s leading mobile device retailer Mobile World (MWG). The fund’s partial divestment in MWG will further reduce Mekong’s stake (in MWG) to 12.22 per cent. The Ho Chi Minh City Stock Exchange announced… Read more »

OceanBank gets another new chairwoman

Vietnam’s OceanBank has changed its chairperson, again. Dao Thi Thuy, who will be replacing the Nguyen Minh Thu, will be the second person to chair the post in the past two months since the arrest of bank’s former chairman, Ha Van Tham. The move is in line with OceanBank’s effort to purge itself… Read more »

Damen seeks 70% in Vietnam’s Song Cam

Netherlands-based Damen Shipyards Group is seeking to buy 70 per cent stake in its joint venture in Vietnam – Song Cam Shipbuilding Joint Stock Company, according to reports in local media. Song Cam Shipbuilding, an affiliate of the Shipbuilding Industry Corporation (SBIC), is regarded as the lone profitable shipbuilding firm in… Read more »

US fund to inject $300m into Vietnam

The United States-based Premier United Investment Fund will invest $300 million into Vietnam businesses, pharmaceuticals, infrastructure-construction and garments and textiles, over the next five years, the company said. In addition to being an investor in local businesses, the fund will also provide corporate administration solutions. Premier United made this announcement… Read more »

Rent A Port to invest $128m in QuangNinh

A consortium of three investors led by the Belgian  company Rent A Port has been granted the investment license for construction of Nam TienPhong Industrial Zone and Port in the QuangNinh Province. The other two companies in the consortium include, Infra Asia Investment Ltd. (InfraCo Asia) and International Port Engineering and Management (IPEM)… Read more »

BP to transfer Phu My 3 stake to SembCorp

British Petroleum (BP) is planning to divest its investment in Phu My 3 Power Co natural gas-fired plant in Vietnam and transfer the ownership of this facility to Singapore’s SembCorp Industries Ltd, the Ministry of Industry and Trade announced Wednesday (December 24). The petroleum giant currently holds 33.3 per cent equity stake in this… Read more »

Vietnam’s CICT to dilute CPI stake for investors

CaiLan Container Terminal (CICT) , which has been operating at an estimated loss of $1 million per month since the past few months, is looking for external investment in return for an equity stake in the port The port, which is a JV between CaiLan Port Investment JSC (CPI) and SSA-Holdings International Vietnam… Read more »

Vinalines valued at $982m, plans IPO

Vietnam National Shipping Lines (Vinalines) has just been re-valued at VND 21 trillion ($982 million) by the Committee of Equitization in a plan to launch its IPO in the first quarter of 2015. The new value of Vinalines has been increased by VND 2.9 trillion ($135.6 million) compared to the… Read more »

UAE’s Nakheel Group to invest in QuangNinh project

Nakheel Group, a leading investment firm in Dubai, is planning to invest in the Ha Long Star complex, a QuangNinh based project with an investment outlay of $550 million. This was revealed by the Committee of Promotion and Investment Support at QuangNinh (QuangNinh IPA). The officials at Nakheel Group have already signed a memorandum… Read more »

VOF & DPIP invest $45m into dairy co IDP

VinaCapital’s  Vietnam Opportunity Fund (VOF) and Japanese private equity firm Daiwa PI Partners (DPIP) are planning to acquire a joint 70 per cent stake in the Vietnam-based dairy company International Dairy Products JSC (IDP) for $45 million. According to an official statement by VOF, about 80 per cent of the… Read more »