Vietnam finally rolls with privatisation drive as investors show thinning patience


In a series of recent moves, the Vietnamese authorities have indicated they may be more serious about significant sales of government-owned companies.

Vietnam: Fitness studio platform WeFit raises $155k funding led by ESP Capital

The startup gives users an option to choose out of 500 medium and high-class fitness studios across Vietnam that they can join from anywhere and at any time.

Vietnam: FPT Retail’s IPO launch set for December 15

FPT Retail’s IPO is expected to make a similar impact to that of Mobile World Investment Corporation’s public debut in 2014.

CIMB makes digital banking push, starting with Vietnam next year

The Kuala Lumpur-based lender will launch its first fully digital bank in Vietnam in January, followed by the Philippines, where it has received a license

Vietnam: High cost of Sabeco shares makes its Dec 18 sale unpredictable

The success of this divestment appears to be unpredictable because the price is 73 per cent higher than that suggested by advisors for the deal – besides, it has has raised questions as to who would buy such a huge amount of shares.

Vietnam’s PV Oil aims to raise at least $122m in Jan IPO

In addition to offering a 20% stake via IPO, the firm will offer up to an additional 44.72% to strategic investors and another 0.18% to employees.

Asia Digest: Thai Beverage buys out Vietnamese consultancy; Fosun’s Onelinkplus, EasyPnP form JV

Thai Beverage Pcl has acquired the remaining 49 per cent interest in Vietnam F&B Alliance Investment Joint Stock Company.

Vietnam hopes to mop up $5b from majority stake sale in brewer Sabeco

Many foreign firms from Japan’s Asahi Group Holding to Belgium’s AB Inbev have shown an interest in Sabeco

Singapore-based $1-t fund manager keen on Sabeco shares, says Vietnam trade ministry

The state currently holds nearly 90 per cent in Sabeco.

Uber partners with Vietnamese mobile wallet MoMo for payments

This comes as rivals Grab and Go-Jek push aggressively for the adoption of their own in-app payments platforms