VN needs to offer more incentives to foreign investors

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More foreign investors flocked the Vietnamese market last year, than ever before. The country saw an unprecedented inflow of foreign investment, which increased by 26 per cent in 2014. However, Vietnam has a long way to go before it become a “first-to-come” market. Speaking at a meeting last week, the… Read more »

TMT Automobile plans takeover of Vinamotor

Shareholders of Vietnam’s TMT Automobile have agreed for the take over of Vietnam Motors Industry Corporation (Vinamotor), the state-owned firm which was equitised one year a go. For the purpose, TMT is issuing corporate bonds of VND1.5 trillion ($70.4 million). TMT chairman Bui Van Huu said during the company’s shareholder meeting: “If we… Read more »


Vietnam’s Vinapharm & 7 other pharma cos plan IPOs this year

In Vietnam, eight state-owned pharma companies are expected to go public this year. Vinapharm – which is expected to have a strong investor response- along with Central Pharmacy 1, Central Pharmacy 2, Vietnam Medical Equipment and DK Pharma (established by the Hanoi University of Pharmacy) are slated for their initial public… Read more »


Mutual Fund Elite ups stake in VN’s KBC to 6.4%

Finland-based Mutual Fund Elite has increased its stake in the Vietnam real estate company Kinh Bac Urban City Development JSC (KBC) to 6.4 per cent. The mutual fund added 16 million shares of KBC (by converting bonds) to it’s previous holding of 13.9 million in the company, taking its total shareholding in… Read more »


VN’s Vicostone denies conflict of interest, after cross acquisition by competitor

Vietnam based engineered-stone manufacturer Vicostone, has denied that it had any “conflict of interests” after the cross acquisition by its rival company Phuong Hoang Xanh A&A (Phenikaa). Investors and the industry had raised some questions regarding this after Vicostone became a subsidiary of its Hanoi-based competitor. Threatened by the declining growth and losing market share, Vicostone had… Read more »


VN’s Giang Vo Exhibition plans IPO, to invest in realty projects

The Vietnam Exhibition and Fair Centre (VEFAC), better known as the Giang Vo Exhibition Centre, will offer 16.3 million shares for auction,  during its initial public offering (IPO) on March 20. The IPO follows in the wake of successful public offerings from Vinatex, Vietnam Airlines, and the PetroVietnam Ca Mau Fertiliser, in… Read more »


Vietnam Dealbook: VietJet, CII Bridge & Road, NHP

Investment activities and deals in Vietnam continue after the nation’s nine-day Lunar New Year festival. Vietnam’s budget airline VietJet has shown interest in managing Terminal 1 of Noi Bai International Airport but has received approval to operate only one departure lobby. After an M&A deal just a month ago, CII Bridge and Road Investment… Read more »


Lazada, Sendo top Vietnam’s e-commerce market in 2014

Two startup online retailers have topped Vietnam’s charts for e-commerce sales. Rocket Internet-backed ecommerce store Lazada.vn did maximum sales, taking the top spot, and Sendo.vn followed close behind, according to data complied by the country’s Ministry of Industry and Trade. The ministry also said that Vietnam’s country’s e-commerce sales for 2014 were pegged… Read more »


Vietnam Dealbook: Vinachem, Vinamilk, Licogi 16

One of the Vietnam’s state-run groups is planning to boost its restructuring schedule for the year. The Vietnam National Chemical Group said that it will equitise all of its member units by the end of the year. Meanwhile, the country’s leading dairy company, Vinamilk, strengthened its foothold in the European market. On the stock… Read more »


Vietnam’s Vietinbank confirms merger with PGBank

Vietnam-based Vietnam Commercial Bank for Industry and Trade (Vietinbank) has announced its plans to merge with  Petrolimex Group Commercial Bank (PGBank). The formal announcement of the merger – that is expected to help the joint entity compete with the foreign banks entering the country – has put an end to the speculations about the two lenders…. Read more »