The shares of HDBank will list on the HCM City Stock Exchange (HoSE) on January 5, making it the first bank to go public in 2018.
The Power Generation Corporation 3 (Genco 3) will put more than 267 million shares, accounting for 12.8% of its charter capital, up for sale in its initial public offering (IPO) in February 2018.
The northern province of Quang Ninh in 2017 saw a year-on-year increase of 10.1% in total investment to VND60.6 trillion, according to the Quang Ninh provincial Department of Planning and Investment.
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.
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.
The M&A deals made in 2017 are expected to have the value of US$2 billion, and the same value or higher has been predicted for 2018.
VOV.VN - The ability of the Central Highland province of Lam Dong to attract investment has been below expectations despite its great potential, said Nguyen Van Yen, vice chairman of the provincial People’s Committee at a tourism, trade, and investment promotion conference on December 26.
More and more investors and large economic groups have shown interest in the Vietnamese market due to the success of the Asia-Pacific Economic Cooperation (APEC) Leaders’ Meeting in November.
The Vietnamese market will see more state-owned enterprises (SOEs) equitised in 2018, following the State’s divestment from the Sai Gon Beer Alcohol Beverage Joint Stock Company (Sabeco) and Vietnam Dairy Products Joint Stock Company (Vinamilk).
The Vietnam Posts and Telecommunications Group (VNPT) wants to sell all the assets of its finance subsidiary Post and Telecommunication Finance Company Limited (PTF) for at least VND500 billion (US$21.9 million).
This year’s merger-and-acquisition movement is coming to a somewhat quiet close in terms the fourth quarter of completions, but deals that have been stuck in due diligence or with approvals are finally moving forward.
FLC Group plans to invest US$1.5 billion in hi-tech agriculture in Vietnam in the 2018-20 period.
The Diamond Lotus Riverside Complex in District 8, Ho Chi Minh City will be built in accordance with green construction standards with US$30 million in investment from the Japanese Mitsubishi Group.
Vietnam has remained an attractive destination for foreign investors in 2017 with total FDI capital registered in the country hitting a record high of US$35.88 billion, up 44.4% against last year.
Work started construction of a 11.7 hectare hi-tech animal feed production plant on December 24 at Phuoc Tien Industrial Complex in Phuoc Tien commune, Bac Ai district, the southern central coastal province of Ninh Thuan.
In 2017, Vietnam saw soaring foreign investment capital inflows totalling at $35.6 billion, up 44.2 per cent compared to 2016.
The Vietnamese stock market has recently been showing signs of a revival in the market of bank stocks, with rising stock weight, growing trading volumes, and soaring degree of relative liquidity (DRL), whilst foreign investors and active shareholders flock to purchase huge amounts of bank stocks.
Out of 19 sectors invested in by foreign firms, processing and manufacturing made up the highest proportion, with US$186.1 billion of registered capital, equivalent to 58.4% of US$318.72 billion of total investment capital accumulated until the end of 2017.
VOV.VN - A rise in the number of investors in the Central Highland provinces this year has helped spur their socio-economic development, according to the Steering Committee of the Central Highlands.
The southern province of Dong Nai attracted over US$1.3 billion in foreign direct investment (FDI) this year, US$300 million higher than the set target.
Investors of bitcoin in particular and cryptocurrencies in general should be aware of the possible risks involved in addition to rapidly increasing profits, experts have warned.
Transparency in the equitisation of State-owned enterprises (SOEs) must be enhanced to attract foreign strategic investment in the process, experts said.
Vietnam always creates favourable conditions for foreign investors, including those from Egypt, to operate in the country, Vietnamese Ambassador to Egypt Do Hoang Long said at an investment promotion workshop in Cairo on December 20.
USG Boral, a Malaysia-based plasterboards manufacturer, has announced its US$20 million investment in a plant at Hiep Phuoc Industrial Zone in HCM City to expand its production in Vietnam.
The Ministry of Health (MOH) estimates that Vietnam has to remit US$2 billion abroad to import foreign drugs but could retain more money in-country if it could attract FDI (foreign direct investment) into the pharmaceutical industry.
The central city of Da Nang has called for VND1.5 trillion (US$66.3 million) investment in five high-tech farms to create a centre for hi-tech-farming in the central and central highlands region.
The Vietnamese Government has worked to create optimal conditions for foreign investors in Vietnam, in accordance with the country’s laws, said Deputy Prime Minister Vuong Dinh Hue.
Foreign firms control 75% of mergers and acquisitions (M&A), Nguyen Quoc Viet, deputy general director of AVM Vietnam Company, said on December 19.
VOV.VN - Nafoods Tay Bac JSC broke ground on a fruit and vegetable processing plant in Moc Chau district, northern Son La province on December 19.
Construction of the five-star Sao Mai international hotel complex began at Nhut Hong new urban area, city of Ca Mau, the same name province, on December 19.