Disneyland-style park for Vung Tau?

A leading US real estate and investment firm Platinum Dragon Empire Incorporated (PDE) has tabled plans to develop a Disneyland-style theme park and an aquarium complex in the coastal town of Vung Tau, a popular tourist destination 129 kilometres southeast of Ho Chi Minh City.

Stampede for VinaLand fund

VinaCapital, the fund manager of the London stock exchange-listed Vietnam Opportunity Fund (VOF), said it received a strong response from international investors to VinaLand, its new fund dedicated to real estate opportunities in Vietnam.

Foreign banks dominate EPZs, IPs

Although new flexible rules have been applied by local banks to free up loans for enterprises, foreign-invested banks are still the main choice for enterprises in most industrial parks (IPs) and export processing zones (EPZs).
flood of foreign funds forecast

Flood of foreign funds forecast

Hundreds of millions of US dollars are expected to flow into Vietnam under foreign portfolio investment, following information released by high-profile foreign fund managers and securities investors at a conference last week.

First FIE set to float on local bourse

The State Securities Commission (SSC) has given in-principle approval to Taiwanese-owned electrical wire and cable producer Taya Vietnam to trade shares on the local stock exchange.

New investment fund set up

The Thanh Viet Investment Fund Management Company (TVMC) has received State Securities Commission (SSC) approval to raise funds for its first investment fund, Saigon Fund A1.
kinh do eyes tribeco

Kinh Do eyes Tribeco

Vietnam’s largest confectionery maker Kinh Do Corporation has announced its plan to acquire Saigon Beverage Joint Stock Company (Tribeco), a big player in the local beverage market, in a bid to expand into the food and beverage industry.

US bond issue rolls in $750m

In spite of recent volatility in international bond markets, Vietnam’s first sovereign bond issue, which took place in New York last week, was well received by international investors, with orders totalling $4.5 billion or six times the amount on offer.
taiwans banks send in scouts

Taiwan’s banks send in scouts

“Anywhere there are Taiwanese companies, there will be Taiwanese banks,” is a common Taiwanese expression amongst banking groups. It’s now true in Vietnam.

State actions ‘open secret’ to fuel bourse

The government has approved a Ministry of Finance proposal to raise the foreign ownership limit for a listed company – a long-awaited move that is expected to lure more foreign investment capital into the local bourse.

Eximbank $12.7m share offer

Local and foreign investors will be given an opportunity to buy into the Vietnam Import-Export Bank (Eximbank) when the financial institution issues VND200 billion ($12.7 million) worth of new shares in October.

VOF swoops to raid key investor IBS

The Vietnam Opportunity Fund (VOF) has inked a deal to buy out Singapore-based Indochina Building Supplies (IBS), the owner of several investment projects in Vietnam, reported a source from VOF’s management arm VinaCapital last week.
city seeks funds to build up frozen real estate market

City seeks funds to build up ‘frozen’ real estate market

Ho Chi Minh City officials are contemplating the establishment of a housing development fund to raise long- and medium-term financing for housing projects, a move which is expected to revive the lagging real estate market.

VASEP talks down basa, tra US ban reports

The Vietnam Association of Seafood Exporters and Producers (VASEP) said that previous reports of a ban on the sale of Vietnamese tra and basa catfish fillets to the US, have proved to be false.
local banks to be hit by client losses

Local banks to be hit by client losses

The market share for state-run banks in Vietnam will shrink significantly by 2010, once Vietnam fully opens its financial market, reported Vietbid, a leading local consulting firm hired by the State Bank of Vietnam (SBV) to build strategies for the banking sector’s international integration.