Mitsubishi Corporation signed a MoU with Vingroup on May 30 for comprehensive strategic cooperation in five key areas ranging from urban development to the automotive industry.

Shikoku Electric Power Co., Inc. from Japan has completed the purchase of a 15 per cent stake in Vung Ang II thermal power plant from Mitsubishi Corporation for $87 million, despite the global trend to move away from coal.

Mitsubishi Materials Corporation will acquire 100 per cent of H.C. Starck Holding (Germany) GmbH from Masan High-Tech Materials Group for an equity purchase price of $134.5 million.

Masan High-Tech Materials Corporation (MHC) will establish a strategic alliance in the tungsten industry with Mitsubishi Materials Corporation (MMC) with an objective to develop a leading, high-tech tungsten materials platform. As part of the strategic alliance, MMC will subscribe for 110 million newly-issued ordinary shares via a private placement for a total cash consideration of $90 million. Once the transaction is completed, MMC will own 10 per cent of the fully diluted share capital and become the second-largest shareholder of MHC.

Masan High-Tech Materials Corporation established a strategic alliance in the tungsten industry with Mitsubishi Materials Corporation with the objective of developing a leading, high-tech tungsten materials platform.

Masan High-Tech Materials (HNX-UpCOM: MSR) has announced that it has reached a framework agreement with Mitsubishi Materials Corporation Group.

The real estate market in Vietnam has been active with new arrivals from foreign brokers and consultants.