Hyosung T&C invests $118 mln in Vietnam nylon business
Hyosung T&C, the spandex arm of South Korean chaebol Hyosung, will invest $118.2 million to acquire 100% ownership of Vietnam-based Hyosung DongNai Nylon Co., Ltd., a fiber producer.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore trust Mapletree Logistics to spend $51 mln on buying 2 Vietnam properties
Mapletree Logistics Trust, a Singapore-based logistics real estate investment trust, is set to spend SGD68.4 million ($50.9 million) on the acquisitions of two logistics properties in Vietnam.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam begins 2024 with M&A flourish
2024 is shaping to be a favorable year for merger & acquisition (M&A) activities in Vietnam with several firms striking early deals and others announcing their intentions to do so.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Public Bank to spend $15 mln on acquiring RHB Securities Vietnam
Public Bank Vietnam, a wholly owned subsidiary of Malaysia’s Public Bank Berhad, will spend VND374 billion ($15.24 million) on acquiring RHB Securities Vietnam.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Clean energy developer Nexif Ratch acquires 30 MW hydropower plant in Vietnam
Nexif Ratch Energy, a Singapore-based clean energy developer, has completed the acquisition of the 30-MW Minh Luong hydropower plant in Vietnam’s northern province of Lao Cai.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand’s SCG Packaging completes 70% stake acquisition in carton maker Starprint Vietnam
SCG Packaging (SCGP), under Thailand’s giant Siam Cement Group (SCG), has completed a 70% stake acquisition of Vietnam’s Starprint Vietnam JSC for VND676.8 billion ($27.8 million).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore’s Boustead Projects set to acquire Vietnamese industrial developer for $11 mln
Boustead Projects Limited, a Singapore-based provider of innovative eco-sustainable real estate solutions, has announced an agreement to acquire Vietnamese firm Minh Quang Industrial Development JSC for VND261.9 billion ($10.8 million).
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Private lender TPBank to acquire fund management firm
Vietnamese private lender TPBank says the impending acquisition of fund management firm Vietnam Fortune Capital (VFC INC.) will further its efforts to become a modern financial group.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Former Vinafood II leader detained for involvement in HCMC 'golden land' acquisition
Ho Chi Minh City police have detained Huynh The Nang, former general director of the Southern Food Corporation (Vinafood II), for his involvement in the acquisition of “golden land” covering over 6,000 square meters in the city center.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore’s CapitaLand affiliate acquires $562 mln real estate project in southern Vietnam
Sycamore, an affiliate of Singapore-headquartered CapitaLand, has acquired the Tan Thanh Binh Duong housing-urban area complex in Binh Duong province.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foreign investors dominate Vietnam's realty M&A market
As dominating players in Vietnam's merger & acquisition (M&A) real estate market, foreign investors are expected to pour a large amount of capital into the Vietnamese real estate market in the period 2024-2026, write Cushman & Wakefield analysts.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japan's Sojitz wholly acquires Vietnam's food wholesaler New Viet Dairy
Japan’s multi-sector business Sojitz Corporation and its subsidiaries Sojitz Asia Pte. Ltd. and Sojitz Vietnam Company Ltd. have acquired the full ownership at Dai Tan Viet JSC (New Viet Dairy), a major food wholesaler in Vietnam.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sembcorp to spend $160 mln on 245 MW renewables portfolio in Vietnam
Singapore’s Sembcorp Industries will spend a maximum of SGD218 million ($160.3 million) on acquiring majority interests ranging 73-100% in subsidiaries of Vietnam’s multi-sector firm Gelex, consequently adding 245 MW of renewable energy assets to its portfolio in the country.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japan’s Marubeni acquires stake in Vietnam’s AIG Asia Ingredients
Japan’s Marubeni Corporation has acquired a minor stake and become a strategic partner of AIG Asia Ingredients Corporation, a leading manufacturer of food ingredients and packaged food products in Vietnam.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Former property firm boss investigated for involvement in HCMC 'golden land' acquisition
Ho Chi Minh City police on Friday launched legal proceedings against Dinh Truong Chinh, former director of Viet Han Trading, Advertising, Construction and Real Estate Co., Ltd (Viet Han Company) for violations relating to the acquisition of “golden land” in the city.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Container shipping firm Viconship raises funds for port acquisition, hotel construction
The Vietnam Container Shipping Joint Stock Corporation (Viconship) is mobilizing capital from a share issuance to finance the acquisition of Nam Hai Dinh Vu Port and build the Hyatt Place Hai Phong Hotel in the northern city of Hai Phong.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysian developer SkyWorld makes first land acquisition in Vietnam
Malaysia’s SkyWorld, developer of the well-known Genting SkyWorlds Theme Park, has acquired 5,300 square meters of land in Ho Chi Minh City, its first land acquisition in Vietnam.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
BYD acquires giant Jabil’s mobility business for $2.2 bln
Electric vehicle maker BYD’s electronics arm, which operates a Vietnam plant making products and components for Apple, has agreed to buy U.S.-based manufacturing firm Jabil’s mobility business in China for around $2.2 billion.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam records $500 mln in real estate M&A in first half: JLL
The transaction value of real estate mergers & acquisitions in Vietnam totaled $500 million in the first half of this year, up 41.2% versus the same period of pre-pandemic 2019, according to Jones Lang LaSalle.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand's KBank explores major Vietnam acquisition deal
Thailand's second-biggest lender Kasikornbank said Wednesday it is exploring an acquisition deal in Vietnam but that it is still not the time to announce the result if any.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Keppel finishes 49% stake acquisition from Vietnam property developer
Singapore-based conglomerate Keppel Corp. has completed its acquisition of a 49% stake for VND3.18 trillion ($135.4 million) from a subsidiary of Vietnamese property developer Khang Dien.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Siemens joint venture eyes stake in Coro Energy’s Vietnam rooftop solar portfolio
Southeast Asia-focused energy company Coro Energy says it is in talks with Capton Energy for the latter to buy into and invest in its Vietnamese solar power portfolio.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
GoLogiq to acquire Vietnam-based payroll fintech firm Symplefy for $30 mln
GoLogiq, Inc., a U.S.-based provider of fintech and consumer data analytics, has signed a definitive agreement to acquire Symplefy, a supplier of innovative payroll and end-to-end human resource management solutions.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysia’s Gamuda to spend $316 mln on Vietnam real estate project acquisition
Gamuda Land, the property arm of Malaysia’s Gamuda Berhad, will spend VND7.2 trillion ($315.8 million) to acquire 100% of equity in Vietnam’s Tam Luc Real Estate Corporation.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore’s Thomson Medical to acquire FV Hospital for $381 mln
Thomson Medical Group has agreed to buy French-backed FV Hospital in Ho Chi Minh City for $381.4 million, the Singapore-headquartered company announced Wednesday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Dutch chemical company IMCD acquires Vietnam, Singapore firms
IMCD N.V., a Dutch provider of specialty chemicals and food ingredients, has signed a deal to buy out Brylchem Group.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
UOB shapes up to be leading ASEAN bank
Singapore’s United Overseas Bank (UOB) is doubling down on its acquisition of Citigroup’s consumer banking businesses in Vietnam, Malaysia, Thailand, and Indonesia, winning two million clients from the buyout that has significantly boosted its retail banking.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam's education sector wide open to investors
Educational services at different levels in Vietnam are offering investment opportunities for overseas funds and investors to tap into, with the country witnessing a surge in edtech investments last year.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Kido to acquire 25% stake in food maker Tho Phat, invest more
Vietnamese leading food and cooking oil producer Kido Group will purchase a 25% stake in Tho Phat Food Processing Company, and continue to raise its ownership to the range of 51-70%, said Kido vice board chairman and CEO Tran Le Nguyen.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nasdaq-listed firm’s Indonesia travel unit takes over Vietnam hotel platform
Vietnam-based Nasdaq-listed Society Pass Inc.’s online travel agency NusaTrip has acquired VLeisure, an online business-to-business hotel platform in Vietnam.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
CapitaLand Development names new CEO
Singapore real estate giant CapitaLand Group has appointed Jonathan Yap as the new chief executive officer, effective June 5, of its development arm CapitaLand Development (CLD), which focuses on Vietnam, Singapore and China as its core markets.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore’s SP Group acquires two Vietnam solar farms
SP Group, a Singapore-based provider of electricity and gas transmission and distribution services, has acquired solar power farm assets of 100 megawatts-peak (MWp) in central Vietnam’s Phu Yen province.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
UOB completes acquisition of Citigroup’s consumer banking in Vietnam
Singapore bank UOB said Wednesday it has finished the acquisition of Citigroup’s consumer banking business in Vietnam, which includes the transfer of about 575 Citigroup-related staff members to UOB Vietnam.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japan’s Lion to buy 36% stake in Vietnam pharma firm Merap
Lion Corp. will acquire a 36% stake in Vietnamese pharma firm Merap Group as the Japanese consumer goods company expands its presence in Asia.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
ESR buys $208 mln stake in Vietnam’s BW Industrial amid Southeast Asia expansions
Hong Kong-based real estate giant ESR has acquired a “strategic” equity stake in its Vietnam partner BW Industrial as part of a funding round that could raise up to $450 million for the major industrial developer.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
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