Companies

Central Retail spends over $111mln for full ownership at Nguyen Kim

Central Retail, an arm of Thai giant Central Group raised ownership at electronic retailer Nguyen Kim to 100% from 49% for over $111 million through an indirect subsidiary.

Military Bank to sell 211 million shares via private placement

Military Commercial Joint Stock Bank (HoSE: MBB) plans to sell 211 million shares via private placement for local and foreign investors.

Three Vietnamese entrepreneurs found $6.3 billion USC Interco JSC

The newly-born company which shocked the business community for its huge registered capital was said to have been founded by three Vietnamese and has head-quarter in Hanoi’s Hoai Duc district.

Finance giant worth over $6.3 billion founded amid coronavirus crisis

An unidentified financial firm with registered capital of VND144 trillion, equivalent to chartered capital of Vietnam’s four largest banks combined, was established in January, according to Ministry of Planning and Investment.

Vietnamese tea maker’s vice CEO holds 21.6% stakes at Yeah1 ...

Tran Uyen Phuong, vice CEO of Tan Hiep Phat Beverage Group, known as THP, spent $12.5 million to own 21.6% stake at Vietnamese digital media giant Yeah1, according to exchange filing.

ACV expects 2020 profit down by nearly $249 million due to virus fear

The Airports Corporation of Vietnam (ACV) expects profit this year will reach $73.4 million, a decrease of nealry $249 million compared to the year’s forecast, due to the effect of the COVID-19.

Mobile World reports Jan profit growth of 22% to $23m amid virus ...

Mobile World Investment (HoSE: MWG) reported $22.9 million post-tax profit from $520 million revenue in January, a growth of 21% over the same period last year, company said in a report.

Singapore-based Affirma Capital injects $34mln in recruitment platform Sieu ...

Singapore-based private equity firm Affirma Capital has agreed to invest $34 million in Vietnam’s online recruiter Sieu Viet Group.

Vinamilk gets license to export sweetened condensed milk to China

Vinamilk has been granted license to export sweetened condensed milk and other condensed milk in China, according to information from Ministry of Industry and Trade.

Masan spends nearly $24 million to acquire 52% stake in Net Detergent

Vietnamese conglomerate Masan’s wholly-owned subsidiary - Masan HPC has acquired 52% of the shares in Net Detergent at an average price of VND48,000 ($1.99) per share, company said in a statement.

Singapore’s GIC-led consortium no longer shareholder of Vinmart, Vinmart + chains' ...

Credit Suisse AG and Ardolis Investment, representing the Singapore Government's investment fund - GIC no longer holds stakes at VCM Trade and Services Development JSC.

Sabeco’s parent company says overseas beer sales drop due to Vietnam market ...

Thaibev, which indirectly holds 53.59% stake at Vietnam's biggest beer producer Sabeco, reported first quarter beer revenue from overseas market dropped 12% due to the slowdown in Vietnam’s beer business.

Bamboo Air Plans $5 Billion Order of Boeing’s Giant New Jets: ...

Vietnam's Bamboo Airways plans to spend $5 billion to buy 12 Boeing Co. 777X jumbo jets in the second quarter.

Two Vietnamese banks to be allowed selling up to 49% stakes to EU ...

Two Vietnam’s undisclosed banks will be allowed to sell up to 49% stakes to investors from the EU under commitments in the EU-Vietnam Free Trade Agreement.

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Companies

Japan’s AEON Group prepares $2 billion for Vietnam business expansion

Vietnam’s THACO to manufacture “Made in Vietnam” motorbikes

Korea Investment Management raises ownership in Military Bank to 1.3%