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 »

Vietnam roundup: Sacom, Ocean Securities

The new year has brought some ownership and higher level management changes to the companies in Vietnam. Real estate major and wire manufacturer Sacom Development & Investment Corporation has a new majority shareholder while Ocean Securities is looking for partners for merger, so that it can gain size and expand its business. Meanwhile,… Read more »

Japanese city to increase investment in Vietnam

Japan’s Hamamatsu city plans to establish closer economic ties with Vietnam, promising to accelerate investment. A Memorandum of Understanding (MOU) between Vietnam’s Ministry of Planning and Investment and Hamamatsu was reached in mid December to accelerate the city’s investment in Vietnam and strengthen ties between the two countries. Under the MoU, both sides committed to… Read more »

Vietnam’s Sun Group to develop Van Don airport?

Vietnam-based property developer Sun Group, whose projects include Ba Na Hills and luxurious resorts in the central city of Da Nang, has reportedly taken over the development of $800 million Van Don Airport, in northern Quang Ninh province. Vietnamnet Bridge, a domestic media outlet, cited the deputy director of the Quang… Read more »

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 »