Vietnam’s infra major Licogi plans an IPO


The state office has passed an equitization plan for the Infrastructure Development and Construction Corporatio (Licogi) in which, the government will reduce its ownership in the company to 40 per cent and issue extra shares to increase capital. In particular, Licogi will have 90 million shares equivalent to 100 per… Read more »

Vietnam’s Seaprodex raise $21.7m in IPO

Vietnam National Seafood Corporation (Seaprodex) , that offered 60.8 million shares or 48.7 per cent equity stake of the company on the the Ho Chi Minh Stock Exchange on December 12, managed to raise VND 456 billion ($21.7 million) from this auction. Yesterday at the HOSE, 55 investors bought a total of 45.17 million… Read more »

Phu Cuong invests $436m in wind energy

Phu Cuong Group has signed memorandum of understanding (MoU) with Vestas Wind System (Vestas) for the 170 MW wind farm project in Soc Trang province. The total investment for the project will be $436 million, disbursed over several phases. The first phase of the project has a capacity of 30… Read more »

Viettel Global to invest $800m in Myanmar

Vietnam’ s telecom company Viettel Global is setting up a joint-venture with Myanmar investors to build a $1.8 billion mobile network in Myanmar. This was disclosed in the company’s recent shareholders meet. According to the terms of the deal, Viettel Global will directly invest $800 million and the remaining $… Read more »

Vietnam’s Seaprodex to sell 49% stake in Dec float

Vietnam National Seafood Corporation (Seaprodex) will be offering 60.8 million shares or 48.7 per cent equity stake of the company on the Hanoi Stock Exchange (HNX) on December 12. The remaining 51 per cent equity stake will be held by the State, in accordance with the State’s plan of equitization…. Read more »

Vietnam rubber major VHG acquires 18% in SRC

As part of it’s inorganic expansion plan, the Vietnam-based rubber major Quang Nam Rubber Investment JSC (VHG), formerly known as formerly Viet-Han Corporation has increased it’s ownership in the oldest rubber industry player of the country – the Sao Vang Rubber JSC (SRC) – to 18 per cent with an additional investment of $3.6 million…. Read more »

Japanese cos acquires 33% in Vietnam’s Sen Do

A consortium of three Japanese have invested an undisclosed amount to acquire a 33 per cent stake in the Vietnam e-commerce  company Sen Do Technology JSC – the owner of and The consortium of companies that have invested in Sen Do Technology includes, SBI Holdings, econtext ASIA and… Read more »

Nguyen Yen to increase stake in Masan to 4%

Nguyen Hoang Yen, a board member of the Masan Group and vice president (VP) at Masan Consumer is planning to increase her stake in the company to 4.05 per cent through an additional investment of VND 644 billion  ($30 million). According to the Ho Chi Minh Stock Exchange (HOSE), earlier,… Read more »

VinaChem exits billion-dollar Long Son project  

Vietnam National Chemical Group (VinaChem) has successfully exited the $4.5 billion Long Son petrochemical project. This was done by signing a contract that transferred the company’s 11% stake in this project to the Vietnam National Oil and Gas Group (PVN). After the transfer, PVN holds 29% ownership in the Long… Read more »

Non-executive directors of Vina Capital step down

Don Lam and Martin Glynn – non-executive directors of Vina Capital’s Vietnam Opportunity Fund (VOF) – will be stepping down from their position in VOF, the company said in a statement. Don Lam’s retirement as non-executive director of VOF will not affect his position as CEO of Vina Capital or… Read more »