By Nguyen Thi Bich Ngoc
The country might not be able to reach its target of privatising 44 state companies this year.
Swedish-Vietnamese IT service provider Fram will pay $50,000 for 95 per cent stake in Rocket Internet-backed Carmudi
King Hamm has two factory plants in Vietnam, supplying high-end swimwear and functional wear to global brands
The sale has attracted interest from brewers seeking access to one of Asia’s most-promising beer markets.
The Hong Kong investor did not divulge transaction details. Vntrip had earlier announced it had raised $10 million.
HDBank is hoping to raise up to $300 million, with a target to list in the first quarter of 2018.
The sale is expected to be closed in the first quarter of 2018.
Hong Kong’s Jardine Matheson and Singapore-listed Fraser and Neave (F&N) are both likely to up their stakes.
More VC funds are looking at Vietnam at the moment because the ecosystem is very promising
JC&C is now Vinamilk’s second-largest foreign shareholder after Fraser & Neave.