The number and value of mergers-and-acquisitions (M&A) deals in Vietnam is poised to grow strongly in the coming years although there remain many problems to be solved to rev up this investment channel, heard the Vietnam M&A Forum 2017 in HCMC last week.
The Hanoi Stock Exchange (HNX) said the legal, regulatory and procedural frameworks which ensure the operation of derivatives was issued. However, supervision frameworks for those derivatives have not been approved yet.
An increase in regional minimum wage for 2018 has yet to be finalized due to disagreements over the margin of increase.
The Northern Power Corporation (EVN NPC) has reported that in the first five months of this year, the firm supplied 21.4 billion kWh of commercial electricity, a rise of 12.47% YoY and reaching 37.14% of its yearly target.
Vietnam has been named among the Top 6 most-attractive retail markets in the world this year by AT Kearney in its Global Retail Development Index (GRDI), following India, China, Malaysia, Turkey, and the United Arab Emirates (UAE).
Vietnam’s construction major Song Da Corporation will dispose 49% of government ownership via an IPO no later than 2019, with a 30% stake to be sold to strategic investors. The company will raise its charter capital to VND4.5 trillion (USD197.4 million) by 2019, and the local Transportation Ministry will hold 51% of that capital, as per an approval document signed on June 7.
The Vietnam National Textile and Garment Group (Vinatex) has projected this year’s textile and garment exports would grow 10%, or by US$3 billion, against 2016.
Ho Chi Minh City will create favourable conditions for Hong Kong enterprises to invest in the city, particularly in urban infrastructure and transport, affirmed Tran Vinh Tuyen, Vice Chairman of the municipal People’s Committee.
Many central provinces have recently cancelled a slew of small hydropower projects due to long delays and concerns about adverse environmental impacts and deforestation.
The Ministry of Industry and Trade will put up for auction the quota for importing 89,500 tons of sugar this year, and at least VND140 billion (about USD6.15 million) could be raised if the bid for this year’s quota is the same as that last year.
The Prime Minister (“PM”) Nguyen Xuan Phuc has approved a plan to borrow and service debt this year.
Credit growth in the first four months of the year rose to a six-year high of 4.89% against 3% a year ago, the Prime Minister (“PM”) Nguyen Xuan Phuc told the monthly government meeting on May 4.
Vietnam’s exports of wood and wooden products in the first quarter of this year hit US$1.78 billion, a year-on-year increase of 17.1%, the General Department of Vietnam Customs reported.
Viet Nam and Iran have maintained close diplomatic relations, however, trade relations are not commensurate with the potential of the two countries, said the chairman of the Viet Nam Chamber of Commerce and Industry, Vu Tien Loc, at the Iran-Viet Nam Business Forum held in Ha Noi on Thursday.
The sale of ANZ’s retail business in Vietnam follows the announcement in October 2016 of the sale of ANZ’s retail and wealth business in five Asian countries to Singapore’s DBS