Hanoi-based firm’s leaders arrested for appropriating $2.4 mln from 18 investors

Hanoi-based firm’s leaders arrested for appropriating $2.4 mln from 18 investors

CEO Nguyen Thi Khuyen and her deputy Van Dinh Toan of Hanoi-based Tam Loc Phat Group JSC have been arrested for using fraudulent "tricks" to appropriate over VND61 billion ($2.4 million) from 18 investors.

Society - Mon, Dec 22, 2021 | 11:30 am GMT+7

Quang Binh province seeks investor for $32 mln high-end urban area

Quang Binh province seeks investor for $32 mln high-end urban area

Vietnam's central province of Quang Binh is seeking an investor for the VND800 billion ($32.3 million) Quan Hau luxury urban area in Quang Ninh district.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Steel major Pomina to sell two mills for $272 mln to pay debts

Steel major Pomina to sell two mills for $272 mln to pay debts

Vietnamese steel firm Pomina plans to sell its Pomina 1 and Pomina 3 plants to a domestic investor for VND6.7 trillion ($271.7 million).

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Investors advised to buy more securities, real estate stocks during corrections next week

Investors advised to buy more securities, real estate stocks during corrections next week

Investors should take advantage of corrective sessions next week to buy more stocks in the securities and real estate groups, said brokers.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Mekong Delta province calls for investment in $26.3 mln waste treatment plant

Mekong Delta province calls for investment in $26.3 mln waste treatment plant

Tien Giang is looking for an investor for its VND640 billion ($26.3 million) Tan Lap 1 waste treatment plant project, which would be the largest of its kind in the Mekong Delta province.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Investors worried about 'losing' projects due to adjusted Nha Trang planning

Investors worried about 'losing' projects due to adjusted Nha Trang planning

Businesses are worried about "losing" projects that they have poured millions of U.S. dollars into because they go outside the new planning of Nha Trang town, Khanh Hoa province, south-central Vietnam.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Investors flock to industrial parks in Hau Giang province

Investors flock to industrial parks in Hau Giang province

Authorities of Hau Giang province in Vietnam's Mekong Delta on Tuesday granted investment certificates and decisions to a series of domestic and foreign businesses wishing to invest in the province’s industrial parks.

Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7

Keppel investing in Vietnam’s sustainable development

Keppel investing in Vietnam’s sustainable development

Since entering Vietnam over three decades ago, Keppel has grown to become one of the country’s largest foreign real estate investors, with over 20 licensed projects and a total registered investment capital of about $3.5 billion.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam touts stock market upgrade to American investors

Vietnam touts stock market upgrade to American investors

Vietnam's government is determined to remove the obstacles facing a market upgrade, thereby making the domestic stock market an attractive investment and business destination for domestic and foreign investors, said Chairwoman of the State Securities Commission (SSC) Vu Thi Chan Phuong.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Quang Ninh attracts $5 bln investment in 10 months

Quang Ninh attracts $5 bln investment in 10 months

Quang Ninh province, an industrial and tourism hub in northern Vietnam, attracted a record $5 billion worth of investment in the first 10 months of 2023.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Investors keen on metallurgy, petrochemical refining potentials in Phu Yen province: mayor

Investors keen on metallurgy, petrochemical refining potentials in Phu Yen province: mayor

Many major investors are interested in exploring opportunities in metallurgy, petrochemical refining and industrial parks in the South Phu Yen Economic Zone (EZ), a provincial leader said Tuesday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Investors eye waste treatment on Phu Quoc island

Investors eye waste treatment on Phu Quoc island

Enterprises are expressing an interest in investing in waste management on Phu Quoc island off the Mekong Delta province of Kien Giang, where waste is piling up at a rate of 170-180 tons a day.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Spreaders of fake news rocking Vietnam stock market face strict punishment: regulator

Spreaders of fake news rocking Vietnam stock market face strict punishment: regulator

Anyone who spreads false information that negatively affects investor sentiment in the Vietnamese stock market will be strictly punished, the State Securities Commission (SSC), the country's market watchdog, has warned.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam fintech firm MFast grabs $6 mln in Series A funding round

Vietnam fintech firm MFast grabs $6 mln in Series A funding round

Ho Chi Minh City-based fintech firm MFast said Tuesday it has raised $6 million in a Series A funding round which was led by Wavemaker Partners.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

‘Sky the limit’ for Vietnam industrial real estate: developer

‘Sky the limit’ for Vietnam industrial real estate: developer

Vietnam’s rapid growth and supply chair diversification efforts by MNCs are bringing ample development opportunities to the country’s industrial real estate industry, says Deep C Industrial Zones CEO Bruno Jaspaert.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

PM urges haste on Vietnam’s second-largest gas project

PM urges haste on Vietnam’s second-largest gas project

Prime Minister Pham Minh Chinh wants the multibillion dollar Block B gas-to-power project to pick up speed towards feeding power plants in the Mekong Delta’s O Mon complex.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

91% of German firms plan Vietnam expansion

91% of German firms plan Vietnam expansion

Up to 91% of German companies in Vietnam intend to expand their investments while 57% are seeking new and additional suppliers here as they diversify their supply chains, said Marko Walde, chief representative of AHK (the German Chamber of Commerce) in Vietnam, Myanmar, Cambodia, and Laos.

Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7

Long An leverages HCMC proximity to boost logistics credentials

Long An leverages HCMC proximity to boost logistics credentials

Long An’s efforts to leverage its position as a bridge between Ho Chi Minh City and the Mekong Delta have seen it emerge as a new logistics hub.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Long An province ticks all the right boxes for Japan firms

Long An province ticks all the right boxes for Japan firms

Long An province bordering Ho Chi Minh City is an ideal location for business expansion beyond Japan, Japanese businesses said on Friday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Long An province seeks investors for 13 major projects

Long An province seeks investors for 13 major projects

The Mekong Delta province of Long An is seeking investors for 13 projects of “great socioeconomic significance” including industrial parks, a biotech center, cattle farms and fruit processing.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Fintech firm GIMO raises $17 mln for further expansion

Fintech firm GIMO raises $17 mln for further expansion

Vietnam-based fintech startup GIMO announced on Monday the completion of a Series A funding round with total capital raise of up to $17.1 million.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Foreigners not allowed to buy homes attached to land under draft amended law

Foreigners not allowed to buy homes attached to land under draft amended law

Foreign organizations and individuals will not be allowed to own houses attached to land if an amended draft Housing Law is approved by the parliament in November this year.

Development potential of Vietnam's real estate market - Mon, Dec 22, 2021 | 11:30 am GMT+7

M&As pick up pace in Vietnam property market

M&As pick up pace in Vietnam property market

Vietnam’s ailing real estate market is witnessing a rising number of merger and acquisition (M&A) deals, mostly with overseas buyers who can arrange capital sources to counter the credit crunch in the country.

Development potential of Vietnam's real estate market - Mon, Dec 22, 2021 | 11:30 am GMT+7

M&A deals bail out property developers with cash flow troubles

M&A deals bail out property developers with cash flow troubles

Merger and acquisition (M&A) deals, mostly with overseas buyers, have emerged as a solution for cash flow bottlenecks faced by Vietnamese real estate developers.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam conglomerate Thaco considers 10% stake sale in automobile arm

Vietnam conglomerate Thaco considers 10% stake sale in automobile arm

Vietnamese leading multi-business group Thaco is looking for an investor into its automobile arm Thaco Auto with a 10% stake, Thaco vice chairman Nguyen Hung Minh said.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

HCMC seeks French investment to spur riverbank service economy

HCMC seeks French investment to spur riverbank service economy

Ho Chi Minh City has asked the Movement of the Enterprises of France (MEDEF) to encourage French companies to invest in service economy development alongside the Saigon River.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam industrial, logistics real estate flashing on investors’ radars

Vietnam industrial, logistics real estate flashing on investors’ radars

Industrial and logistics properties in Vietnam are the preferred asset choice for foreign investors, with the country growing into a new global manufacturing hub, while the office segment is also in demand, said Cushman & Wakefield’s Asia Pacific CEO Matthew Bouw.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam's booming logistics sector still has room for growth

Vietnam's booming logistics sector still has room for growth

VinaCapital’s chief economist Michael Kokalari explains why investors should pay close attention to various opportunities in Vietnam’s logistics industry.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam F&B chain industry sees mixed moves from investors

Vietnam F&B chain industry sees mixed moves from investors

Investors in Vietnam's food and beverage (F&B) chains have been blowing hot and cold in recent months.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

UOBAM Malaysia launches Vietnam equity fund for retail investors

UOBAM Malaysia launches Vietnam equity fund for retail investors

UOB Asset Management (UOBAM) Malaysia has launched its United Vietnam Equity Fund, which provides local retail investors with access to the equity market in Vietnam, one of Southeast Asia’s leading manufacturing hubs.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Acquisitions in Vietnam energy industry offer investment opportunities

Acquisitions in Vietnam energy industry offer investment opportunities

Acquisitions and forming partnerships with firms in Vietnam have become effective ways for energy developers to catch opportunities in the fast-expanding economy.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Opening market to foreign investors key to NPLs in Vietnam: IFC

Opening market to foreign investors key to NPLs in Vietnam: IFC

Vietnam should promptly open the non-performing loan gate to international investors as the country does not have sufficient resources to solve NPL problems, an International Finance Corporation (IFC) official said Wednesday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam's education sector wide open to investors

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

Major bank BIDV attracts investors for 9% stake via private placements

Major bank BIDV attracts investors for 9% stake via private placements

Leading Vietnamese bank BIDV is selecting the best investors for its plans to increase charter capital this year to serve its growth purposes, BIDV chairman Phan Duc Tu said Friday.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Legal rules needed for grey areas to help unbanked, underbanked residents: experts

Legal rules needed for grey areas to help unbanked, underbanked residents: experts

Vietnam needs to build up a proper legal framework to help the consumer finance market develop in a healthy manner and better support the unbanked and underbanked in the country, a Tuesday workshop heard.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7