japanese investors stepping up presence in vietnam

Japanese investors stepping up presence in Vietnam

Japanese small and-medium investors are increasing their investment in processing, manufacturing and retail in Vietnam, according to the first quarter report by the Ministry of Planning and Investment (MPI). 

BIC to sell 35 per cent to foreign investors

foreign investors scampering for a share in garment industry

Foreign investors scampering for a share in garment industry

A series of foreign direct investment projects in the garment sector will be started in the central region of Vietnam over the next months.
hoa sen group inaugurates binh dinh steel pipe plant

Hoa Sen Group inaugurates Binh Dinh steel pipe plant

Hoa Sen Group started operation of the Hoa Sen Binh Dinh steel pipe plant at the Nhon Hoa Industrial Park in Binh Dinh province on March 28.
vid public to become foreign owned

VID Public to become foreign-owned

The State Bank of Vietnam (SBV) has in principle given the greenlight to Public Bank Berhad (PBB) to turn VID Public, its joint venture in Vietnam co-owned with the Bank for Investment and Development of Vietnam Joint Stock Companay (BIDV), into a 100 per cent Malaysian-owned bank after acquiring BIDV’s stake.
mwg make vnd165 billion profit in two months

MWG make VND165 billion profit in two months

MobileWorld (MWG), the country’s leading mobile phone and electronics retailer, reaped VND3.8 trillion ($178.6) in revenue in the first two months of this year, meeting 16 per cent of its 2015 plan.
vinpearl authorised to buy stake in nha trang port

Vinpearl authorised to buy stake in Nha Trang Port

The prime minister has allowed the state-run Vietnam National Shipping Lines (Vinalines) to sell a 34.7 per cent stake in the Nha Trang Port Joint Stock Company (Nha Trang Port JSC), constituting 8.5 million shares, to Vinpearl JSC owned by Vingroup.
sun group to invest 350 million in quang ninh airport

Sun Group to invest $350 million in Quang Ninh airport

Privately-run Sun Group will invest approximately VND7.5 trillion ($348.8 million) into the construction of the Quang Ninh International Airport in the Van Don Economic Zone in the northern province of Quang Ninh. 
vinafood 2 flooded by debts

Vinafood 2 flooded by debts

Vietnam Southern Food Corporation Limited (Vinafood 2), one of Vietnam’s two biggest food corporations, is facing the massive total debt of VND1 trillion ($46.6 million) due to the ineffective operation of subsidiaries.
pan food to become principal shareholder of bibica

PAN Food to become principal shareholder of Bibica

PAN Food Company, a subsidiary of Pan Pacific Corporation (PAN), has revealed its plans to buy 4.6 million shares of Bibica Corporation (BBC) at VND56.800 ($2.66) per share to overtake Lotte confectionery Co., Ltd as the company’s largest shareholder.
hoa phat to break into agriculture

Hoa Phat to break into agriculture

Hoa Phat Trade and Production of Feed Company, a subsidiary of Vietnam’s leading steel maker Hoa Phat Group, will start its operation officially in the first haft of this year.
lvi to expand investments in laos in 2015

LVI to expand investments in Laos in 2015

Lao-Viet Insurance Joint Venture Company (LVI) has revealed plans to expand its operation in Laos during the course of 2015 by establishing more branches in key regions and increasing its chartered capital by $5 million, according to LVI’s general director Pham Duc Hau.
competition around state capital divestment of vinamotor

Competition around state capital divestment of Vinamotor

A lot of firms are interested in acquiring a stake in Vietnam Motors Industry Corporation (Vinamotor), Vietnam’s biggest bus manufacturer,  as soon as the government issues its permission to divest the state’s entire 97 per cent stake for VND 855 billion ($40 million).
vinafood 1 massive divestment wave

Vinafood 1 massive divestment wave

According to a company recent report, Vietnam Northern Food Corporation (Vinafood 1) will conduct an auction for its divestment of Hanoi-Nam Dinh Beer Joint Stock Company (JSC), Southern Salt Group (Sosal Group) and Northeast Food JSC in March.
16000 firms suspend operations in first two months of 2015

16,000 firms suspend operations in first two months of 2015

More than 2,055 firms had completed procedures to dissolve their companies and 14,040 firms suspended operations in the past two months of 2015, signifying respective increases of 8.7 per cent and 25 per cent compared to the same period last year, according to newswire dddn.com.vn.