The Vietnam National Shipping Lines (Vinalines) is scheduled to carry out its initial public offering (IPO) in August, according to the firm’s latest equitisation plan recently submitted to the Prime Minister for approval.

To further consolidate its position in Vietnam, MINISO, a Japanese designer brand, has opened 40 stores and expects to set up 50 more stores by the end of 2018, said the general manager of MINISO Vietnam.

Vietnamese enterprises invested nearly US$184.7 million in overseas projects in the first five months of 2018, according to the General Statistics Office (GSO) under the Ministry of Planning and Investment. 

The Airports Corporation of Vietnam (ACV) on June 2 signed a contract with a joint venture comprising of firms from Japan, France and Vietnam (JFV) for consultancy services and the feasibility study for the first phase of Long Thanh International Airport project.

The People’s Committee of Ninh Thuan province has granted investment licences to nine solar power projects worth over VND12 trillion (US$527.4 million).

Japan, the second biggest investor in Vietnam, is continuing to pour billions of USD into new projects in the Southeast Asian nation, an investment partnership expected to grow stronger after a State visit to Japan by President Tran Dai Quang.

The disbursement of foreign direct investment (FDI) in the first five months of 2018 was estimated at US$6.75 billion, up 9.8% year-on-year.

Siam Cement Public Company Limited (SCG) signed an agreement with Vietnam Oil and Gas Group (PetroVietnam) to acquire the latter’s equity stake in Long Son Petrochemical Co. Ltd.

Contrary to the profits reported by Viettel and FPT, numerous state-owned firms are suffering with overseas investment.

Da Nang is seeking investment to develop a solid waste treatment complex amid challenges facing the central city in dealing with the large volume of untreated solid waste.