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Foreign investors flock to limited-availability bank stocks
In 2017, Vietnamese banks have regained their appeal to foreign investors, after a long period of restructuring. Major share sales such as HDBank and VPBank in the last months of 2017 have raised millions of USD for the banks and attracted a great number of buyers from overseas.
Hanoi approves new “most expensive road on the planet“
Hanoi will build Hoang Cau-Voi Phuc Road, which is to be “the most expensive road on the planet,” carrying a price tag of VND7.78 trillion (US$342.59 million) for 2,274 metres and breaking the previous record held by Hoang Cau-Lang Ha Road.
Low CAR spells doom for state-owned banks
State-owned commercial banks are growing concerned over the critically low capital adequacy ratio (CAR) of around 9%, which also hit the minimum required CAR for the Vietnamese banking system.
Mondelez Kinh Do—a strong Tet campaign ahead
There are only two months left before Tet. This is the peak season for fast-moving consumer goods (FMCG) segment, including biscuits and cakes.
GS Retail picks Ho Chi Minh City as first overseas target
GS Retail, the Republic of Korea’s biggest convenience store franchise, was reported by Korea Herald on December 29 as saying that it will open the first GS25 outlet in Ho Chi Minh City in mid-January 2018.
State-owned rubber giant not looking for foreign strategic investors
Deputy Prime Minister Vuong Dinh Hue just approved the equitisation plan of state-owned Vietnam Rubber Group under which more than 11 per cent of the group’s chartered capital will be earmarked for domestic strategic partners, but not foreign ones.
Finance-banking stocks to become new craze in 2018
A recent survey conducted by Vietnam Report revealed that finance and banking stocks would be the ones to watch out for in 2018 as a number of reputable financial institutions (FIs) schedule to hold their initial public offering (IPO) next year.
Vietnam’s top 50 brands hit $11,279 billion
The telecom sector made up 35 per cent of the value of Vietnam’s 50 largest brands, followed by food (15 per cent) and banking (11 per cent).
Providing tailwind to Vietnamese power plants
General Electric Renewable Energy is known as the world’s leading supplier of wind turbines, with a diversified portfolio of onshore and offshore turbines and the latest technology to foster wind power development.
Pharma investment can unlock new opportunity
Vietnam has a unique opportunity to unlock sector development in the area of innovative healthcare amid the successful conclusion of international trade agreements and the regional integration through the ASEAN Economic Community.