VN Dealbook: Kinh Do turns down DongA Bank's 17% offer, Vingroup sells first subsidiary in 2015, FPT Corp units have new developments

Vietnamese food company Kinh Do Corporation will not invest VND1 trillion in DongA Bank for its 17 per cent stake, as reported widely in the local press. Meanwhile, Vingroup, Vietnam’s biggest property player, has exited one of its subsidiaries for the first time in 2015. Another large private group, tech firm FPT Corporation, will be raising capital for its subsidiaries, while the FPT Capital unit has executed strategic investment in a tea processing company.