Foreign companies and government dominated the dealscape in Vietnam, this week. Korean corporation Lotte bought stake in a prime real estate at Ho Chi Minh city while the French government offered $21 million of hydraulic financing to the Vietnam government.
The nation’s asset management company has been allowed to use bonds of upto $3.75 billion this year, to purchase non-performing loans (NPL) from banks and realise the target of 3 per cent NPL ratio. Meanwhile, construction conglomerate Song Da Corporation exited from cement firms.
