Tael Two Partners Ltd, one of the two major foreign stakeholders of GTNFood Joint Stock Company, has registered to offload its entire holding in the Vietnamese food company.
The banking sector has been on the recovery path after a tough time struggling with bad debt (2012-2014), especially since 2016. This comeback has been assisted by foreign investors in local banks.
Foreign investors have provided more opportunities for Vietnamese firms in the country’s deep international integration process as they are not only involved in financing but also in running invested firms, devising strategies and expanding their markets.
Foreign funds are making their way back to Vietnamese banks, as the sector cleans up bad debts and improves corporate governance.
In the context of rapid growth of the startup movement among young entrepreneurs, start-ups’ activities have expanded and have shown huge potential.
Stock prices of many local start-up companies are valued extremely high, far above prices of large-cap shares on the two national stock exchanges, which demonstrates investor confidence in the high-growth potential of the Vietnamese startups.
Why are some international finance players listing shares on foreign markets and why are they choosing London?
Nine foreign funds have acquired more than 4.4 million shares, or a combined stake of around 3%, in one of Vietnam's biggest mobile retailers - The Gioi Di Dong (Mobile World Group).