Ex-officials of PVOil put into temporary detention Society

Ex-officials of PVOil put into temporary detention

The Ministry of Public Security has officially launched an investigation into the alleged abuse of position and power to appropriate assets at the State-run PetroVietnam Oil Corporation (PVOil) and OceanBank, along with two former PVOil officials.
Vietnam - a magnet for M&A deals Business

Vietnam - a magnet for M&A deals

Vietnam has become a favoured destination for merger and acquisition (M&A) deals for foreign investors, particularly those from the Republic of Korea (RoK), China’s Hong Kong, Singapore and Japan as the Asian multinationals see the benefits of having presence in one of the region’s fastest-growing economies.
UPCoM looks to boost investor confidence Business

UPCoM looks to boost investor confidence

The Unlisted Public Company Market (UPCoM) has gained less attention compared to the Ho Chi Minh and Hanoi stock exchanges in the past few months, but there are some names expected to boost investor confidence.
Doubts remain over EVN’s sub-unit IPOs Business

Doubts remain over EVN’s sub-unit IPOs

The failure of the Power Generation Corporation 3 (Genco 3) to sell its stake through initial public offering (IPO) has raised concerns about the upcoming IPOs of the two other similar companies – Genco 1 and Genco 2 – at the end of this year.
PetroVietnam to continue with large-scale divestment  Business

PetroVietnam to continue with large-scale divestment

The State-owned Vietnam Oil and Gas Group (PetroVietnam or PVN) has drafted a plan for a comprehensive restructuring until 2025, under which it will continue with large-scale divestment from all of its member corporations and companies.