PetroVietnam Construction to exit 3 subsidiaries


PetroVietnam Construction (PVC) Joint Stock Company has decided to exit the three of its subsidiaries – Dong Do Petroleum JSC (PFL), PetroVietnam Land JSC (PVL), and Petroleum Interior Decoration JSC (PID) – with it holds total shares of more than 27 million. PVC is expecting to receive about $4.7 million… Read more »

VSV affiliate to raise $300k Series A funding

The government run Vietnam Silicon Valley (VSV) project has been providing a four-month intensive acceleration program; for a 10% stake in each of the companies, -the Ministry of Science and Technology – will invest at least $10,000, provide legal and business consulting, office space and mentor ship Talking to DEALSTREETASIA, Linh Han… Read more »

Understanding Vietnam: 5 insights for investors

With its promising young demographic and rising population, Vietnam is is one of the most attractive emerging markets for both – the global investor and the new-age entrepreneur. While the growth story and the market numbers are tempting enough for several companies to start aggressive expansion forays into Vietnam, the… Read more »

Viettel Mobile doubles charter capital to $4.7b

The state-owned Viettel Mobile is planning to double its charter capital to $4.7 billion (VND 100 trillion). The government has already passed a decree for this. The announcement came just weeks after Viettel announced its  plan to invest $1 billion in a new 3G mobile phone network in Tanzania, Africa; the… Read more »

Vietnam’s Quang Nam plans $610m urban development

Vietnam’s Quang Nam province has announced a $610 million (13.3 trillion VND) urban development initiative to increase the urbanisation rate in the province to 40% by the year 2030. People’s Committee of Quang Nam announced the Urban Development Program (2020-2030) with the total outlay of $610 million, of which, $375 million (VND… Read more »

After IPO, Vietnam Airlines plans 21.5% divestment

After successfully raising $52 million (VND 1.11 trillion) through an IPO, Vietnam Airlines is planning to divest another 21.5% stake in the company. The company, which offered 3.5% stake in a recent IPO, is planning to offer another 282 million shares (20%) to three foreign strategic investors, in the near future. Another 20.8 million shares (1.5%)… Read more »

ThaiBev eyes Vietnam’s beer maker SABECO

The Thai Beverage Group (ThaiBev) is talking to the authorities in Vietnam to acquire a stake in in SABECO, Vietnam’s largest beverage producer. reported a local news wire. Officials at ThaiBev refused to comment on the proceedings related to the deal. Currently, the company is listed on the Singapore Stock Exchange and has a market capitalization… Read more »

Appota plots expansion as revenue jumps 200%

Vietnam’s leading mobile content distribution platform, Appota, has been able to secure funding and expand operations in a very short time. One of the few successful startups from Vietnam, it was fostered at the incubator Topica’s Founder Institute, in 2011. it has successfully raised funds in Series A and B financing rounds… Read more »

Vietnam Airlines IPO: Domestic banks to be largest investors?

Foreign institutions have kept away from the much anticipated IPO of the Vietnam’s flagship air carrier – Vietnam Airlines (Vietnam Aviation Corporation). Going by the IPO related investor data released by the Ho Chi Minh Stock Exchange (HOSE), two domestic firms have registered to purchase 98% share of airliners shares…. Read more »

Elite ups stake in Mobile World Group to 7.2%

Mutual Fund Elite has invested $15.3 million (VND 326 billion)  to purchase 3,198,714 shares of Mobile World Group (MWG), increasing its ownership in the mobile retail chain, to 7,708,207 shares. This represent 7.23% of the total equity in the MWG, making Mutual Fund Elite one of the major shareholders in the… Read more »