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.
TH Group may one-up Vietjet and VNG by becoming the first Vietnamese firm to have its stock listed on an overseas stock exchange. However, the IPO is planned for 2020, which leaves a lot of space for action for the other firms.
The Ministry of Transport equitised 137 State-owned enterprises (SOEs) during 2011-16, surpassing the target by 67.
Vietnam Technological and Commercial Joint Stock Bank (Techcombank) raised about 21 trillion VND (922 million USD) in its initial public offering (IPO) on April 27.
PetroVietnam Power Corporation (PV Power), Vietnam’s second largest electricity producer, will replace PetroVietnam as the investor of Nhon Trach 3 and 4 thermal power plants located in Ong Keo Industrial Zone (IZ) in the southern province of Dong Nai.
Despite strong growth, investment into innovative start-ups in Vietnam remains relatively modest compared to the region and the world.
Vietnam’s Ho Chi Minh City Development Joint Stock Bank, better known as HDBank, said its shareholders approved on April 21 a plan to merge with the unlisted Petrolimex Group Commercial Joint Stock Bank as it seeks to expand operations in the country.
The failed IPO of VTVCab and the Mobifone-AVG scandal are valuable lessons for Vietnam on the valuation of state-owned enterprises (SOEs).
The Vietnam Television Cable Corporation (VTVCab) will cancel its initial public offering (IPO) on April 17 as only one investor registered to attend the auction by the end of April 10, 2018 – the deadline for investors to sign up for the IPO.
The Government raised more than 1.39 trillion VND (61.5 million USD) by divesting its stake in State-owned enterprises (SOEs) in the first quarter of this year, according to the Ministry of Finance.
Foreign investment funds are interested in fields benefiting from the growing middle class in Vietnam, listed companies and those with plans to make initial public offering (IPO) in the areas of food, retail, digital technology, aviation, tourism, oil and gas, banking and real estate, said an entrepreneur.
Following the successful initial public offering (IPO) in January, PetroVietnam Power Corporation (PV Power), the second largest state-run electricity producer in Vietnam, started trading its shares on the Unlisted Public Company Market (UPCoM) on March 6.
After a successful initial public offering (IPO), PetroVietnam Power Corporation (PV Power)—the second-largest electricity producer in Vietnam—is ready to list its shares on the Unlisted Public Company Market (UpCOM) on March 6 and is looking for a strategic investor.
T&T Group expressed interest in buying the 125 million shares (representing 25 per cent of the charter capital) on offer to become the strategic investor of Southern Food Corporation (Vinafood 2).
The Vietnam shipbuilding industry has been developing in 10-year cycles with pinnacles in 1987, 1997, 2007 and 2017. As the highest peak of the latest cycle is over, an oversupply may occur in 2018.
Only 3 percent of a total of 267 million shares offered in the initial public offering (IPO) of Power Generation Corporation 3 (Genco 3) on February 9 were sold successfully, a poor result given the high market expectations before the sale.
The Vietnam National Shipping Lines (Vinalines) is seeking to make its initial public offering (IPO) in mid-2018, with an expected chartered capital of US$630 million.
The Vietjet Aviation Joint Stock Company (HOSE: VJC) has received the “Best Vietnam Deal” award from Asia’s leading publication, Finance Asia, for its IPO held in early 2017.
The PetroVietnam Power Corporation (PV Power) sold all 468.37 million shares it offered at the initial public offering (IPO) at the Hanoi Stock Exchange on January 31, raising nearly VND7 trillion (US$308 million).
Deputy Prime Minister Vuong Dinh Hue has asked for a breakthrough in improving the health of businesses, especially State-owned enterprises (SOEs) in 2018.