<article>Vietcombank has earned $14.6 million by selling 7.6 million shares of Vietnam Airline, while co-working space operator <a href="https://www.dealstreetasia.com/tag/Toong/">Toong</a> has partnered with real estate developer <a href="https://www.dealstreetasia.com/tag/BIM-Group/">BIM Group</a> to launch a co-working space in Laos.</article>

Vietcombank has earned $14.6 million by selling 7.6 million shares of Vietnam Airline, while co-working space operator <a href="https://www.dealstreetasia.com/tag/Toong/">Toong</a> has partnered with real estate developer <a href="https://www.dealstreetasia.com/tag/BIM-Group/">BIM Group</a> to launch a co-working space in Laos.
<h3>Vietcombank earns $14.6 million from selling 7.6 million shares of Vietnam Airlines </h3>
<a href="https://www.dealstreetasia.com/tag/Vietcombank/">Vietcombank</a> (VCB), Vietnam’s largest lender by market value, has earned VND334 billion ($14.6 million) by offloading 7.6 million shares of <a href="https://www.dealstreetasia.com/tag/Vietnam-Airlines/">Vietnam Airlines </a>(HVN).
The bank currently still holds more than 14.8 million shares of Vietnam Airlines, equivalent to 1.21 per cent of the carrier&#8217;s charter capital.
Vietcombank earlier purchased 22.4 million HVN shares in its initial public offering (IPO) at the end of 2014 at VND22,300 ($0.9) per share.
During trading hours, HVN shares plunged from VND62,000 ($2.7) to VND44,000 ($1.9). At the lowest price, Vietcombank earned $14.6 million from the sale.
Vietnam Airlines shares are expected to list on the Ho Chi Minh Stock Exchange (HoSE) in the second quarter this year. The carrier is expected to issue fresh shares to existing shareholders in order to increase its charter capital and reduce state ownership from more than 86 per cent currently to 51 per cent next year.
In 2017, Vietnam Airlines’s total revenue stood at VND88.4 trillion ($3.9 billion), with pre-tax profit at a record VND2.8 trillion ($124.4 million).
Vietcombank on January 12 reported a pre-tax profit of more than VND11 trillion ($482.5 million) in 2017, a rise of 32.9 per cent during the same period in the previous year and 16 per cent higher than its target.
<h3>Toong, BIM Group launch co-working space in Laos</h3>
Vietnam’s co-working space operator <a href="https://www.dealstreetasia.com/tag/Toong/">Toong</a> has partnered with real estate developer <a href="https://www.dealstreetasia.com/tag/BIM-Group/">BIM Group</a> to open their first co-working space in the heart of Vientiane, Laos.
BIM Group is the developer while Toong is the co-working space operator, responsible for consulting, developing and managing business aspects and activities.
The co-working space is located in the Royal Square complex developed by BIM Group which comprises a grade-A office block, a commercial centre, service apartments and Crowne Plaza, the first international five-star hotel in Laos.
Co-working space is a completely new model in Laos where traditional office models still rule the market.
“More than two years ago when we opened the first outlet of Toong in Hanoi, most people said that this is an inappropriate service. Up to now, co-working space is developing strongly in Hanoi and Saigon. Laos is a new market and we see a lot of potential for the co-working space model,” said Duong Do, Founder &amp; CEO of Toong.
Toong is now working with a number of real estate developers in other countries in Southeast Asia and will soon announce the next country of operations, Duong told DEALSTREETASIA in an interaction.
BIM Group is a diversified corporation in Vietnam, covering tourism development &amp; real estate investment, agriculture – food, commercial services and renewable energy.
Toong is the first co-working space chain in Vietnam with modern and high-quality work environment for individuals, small and medium enterprises. After two years of operations, Toong runs six outlets in major cities of Vietnam including Hanoi, Da Nang and Ho Chi Minh City.
The expansion came shortly after Toong received investment capital from Openasia and Indochina Capital (ICC).
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<a href="https://www.dealstreetasia.com/stories/vietnam-indochina-capital-coworking-toong-75438/">Vietnam: Indochina Capital invests in co-working space operator Toong</a>
<a href="https://www.dealstreetasia.com/stories/toong-capitaland-vietnam-partner-in-co-working-space-operation-60761/">Toong join hands with CapitaLand Vietnam to open new co-working space</a>
<a href="https://www.dealstreetasia.com/stories/vietcombank-hopes-to-earn-21-2-million-from-selling-7-6-million-vietnam-airlines-shares-90888/">Vietcombank to offload 7.6m shares of Vietnam Airlines, hopes to net $21.2m</a>

Vietcombank, Vietnam’s largest lender by market value, has earned VND334 billion ($14.6 million) by offloading 7.6 million shares of Vietnam Airlines (HVN).

Vietcombank sells Vietnam Airlines shares; Toong, BIM launch co-working ops in Laos

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Vietcombank sells Vietnam Airlines shares; Toong, BIM launch co-working ops in Laos

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