investors swallow vinamilk shares

Investors swallow Vinamilk shares

Investors rushed to snap up 1.827 million Vinamilk shares put up for sale last week, with foreign firms emerging as the clear winners of the auction held in Ho Chi Minh City.
korean firm wins landmark deal

Korean firm wins landmark deal

A South Korean firm is set to become the first foreign firm to invest in the infrastructure sector under the turn-key method.
korean film venture focuses on vietnam

Korean film venture focuses on Vietnam

South Korean cinema giant Image to Imagination (ITOI) are hoping to team up with Dat Sang Media Ltd on a joint venture project to establish a film school in Vietnam.
acb attracts foreign eyes

ACB attracts foreign eyes

Foreign banks and financial institutions have expressed interest in buying into Vietnam’s second-largest joint stock commercial bank, Asia Commercial Bank (ACB), according to a senior ACB executive.
when cash is king can plastic reign

When cash is king, can plastic reign?

Last year saw a dramatic rise in the development of Vietnam’s card market, with local and foreign banks leading the charge. The automated teller machines (ATMs) network is growing and more retailers are catching on by accepting card payments. But when will plastic money really take off in Vietnam?
bank reforms get green light

Bank reforms get green light

The government has given the go-ahead to the central bank to spend $112 million on the second stage of reform for Vietnam’s four State-owned commercial banks (SOCBs), a source from the central bank said last week.

Touch down: exporters land long-awaited route to the US

US carrier United Airlines late last week began the first US commercial flights to Vietnam since 1975 after years of work with the US and Vietnamese governments to negotiate a new air service treaty.
firms targeted for sale of state shares

Firms targeted for sale of state shares

The Ministry of Industry last week asked the government to sell off a larger portion of state-owned shares in 11 prominent equitised companies.

LG sets sights on HCMC

South Korea’s LG Engineering & Construction Corporation is hoping to bag a number of contracts to develop infrastructure and property projects in the country’s industrial hub.

Foreign investors plan $300m health complex plan hospital complex

A group of private contributors from Japan, South Korea, Singapore and the US have put plans on the table for a $300-million healthcare complex in Vietnam.

VFF to close up shop, new funds wait in wings

Vietnam Frontier Fund (VFF) is set to wrap up its operations in Vietnam by next month, a source from its management arm Finansa said last week.

Eximbank targets shareholders abroad

Local and foreign investors will have opportunities to buy into the Vietnam Import- Export Bank (Eximbank) when the bank issues its new shares by the end of this year.
new second city plaza underway

New second city plaza underway

Construction has begun on a $33 million luxury high-rise apartment complex in Ho Chi Minh City, the first large-scale property project developed by local investors.

Gemadept rescues stalled deal

Vietnam’s largest shipping agency Gemadept has successfully finalised its purchase of a 45 per cent stake in a stalled property project in Ho Chi Minh City after months of negotiations.
property boom draws leading firms to invest

Property boom draws leading firms to invest

LISTED companies are increasingly diversifying into property development in Ho Chi Minh City to tap a burgeoning demand for accommodation and office space.