A road show will be held in Singapore and the UK to seek potential buyers of stakes of the Sai Gon Alcohol-Beer-Beverage JSC (Sabeco) as the State’s divestment plan in the company is going to finish, said the Ministry of Industry and Trade (MoIT).
Asia-Pacific executives are increasingly looking at Vietnam as a market and means as they see the population is increasing but the economy is growing, and people have more income.
Vietnam could be among the top 20 economies by 2050, projected PricewaterhouseCoopers (PwC) in a report on its perspectives on Vietnam.
The large-scale state-owned enterprise equitisation has yet to lure strategic investors, especially foreign investors, due to problems related to procedures and the quality of business management and transparency in publishing information, among others.
Foreign ownership in the Vietnam Technological and Commercial Joint Stock Bank (Techcombank) is officially at zero per cent, the bank announced late last week.
VOV.VN - The news was announced by Nguyen Thanh Truc, director of the Binh Duong provincial Department of Planning and Investment at a meeting between the provincial leaders and Japanese businesses on the morning of October 25.
Vietnam has effectively used Japan’s official development assistance in building infrastructure, said Vice President of the Japanese International Friendship Exchange Council (FEC) Yoshihiko Nakagaki.
The Central Highlands province of Dak Lak has attracted numerous projects by domestic and foreign investors in recent years, according to the provincial authorities.
The social insurance sector has made significant improvement in administrative procedures reform after four years implementing the Government Resolution on improving the business environment, delegates told a seminar in Ho Chi Minh City on September 28.
The Vietnamese Government always creates favourable conditions for foreign investors, including those from the US, said Prime Minister Nguyen Xuan Phuc at a reception for President of the US’s Harbinger Capital Partners LLC Philip Falcone in Hanoi on September 25.
Equitisation of State owned enterprises (SOEs) has progressed well in 2011-2016 and the first eight months of 2017 thanks to various ministries and sectors, economic groups and localities getting onboard, said an official from the Ministry of Finance.
The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) started listing 1.3 billion shares on the Ho Chi Minh Stock Exchange on August 17, while having received US$1.2 billion worth of purchasing offers from foreign investors.
More foreign investors are looking to enter Vietnam’s food and beverage market, especially via mergers and acquisitions.
Along with licensed projects, foreign investors, especially Tata Power and ACWA Power, found new opportunities in the renewable energy sector in Vietnam.
The State Capital Investment Corporation (SCIC) will sell 48.33 million shares or 3.33 percent of its stake in the Vietnam Dairy Products JSC (Vinamilk) in October, SCIC Chairman Nguyen Duc Chi said.
Domestic and foreign businesses are rushing to invest in infrastructure projects in Hanoi to cash in on the growing local demand.
An increasing number of foreign investors are eager to invest in metro projects in Vietnam to cash in on the country's growing public transportation demands.
JX Nippon Oil & Energy is receiving close to $15 million in the first year after acquiring Petrolimex shares. This, coupled with the fact that there are 29 petroleum import-export distributors in Vietnam, makes the petroleum retail market especially lucrative.
Vietnam will lift restrictions in areas including services, telecommunications, financing and banking among others, facilitating foreign investors’ engagement and raising their ownership stakes in domestic firms, said Prime Minister Nguyen Xuan Phuc.
The northern province of Quang Ninh drew in more than US$47 million in foreign direct investment (FDI) in the first six months of 2017.