Local firm gets foreign investment Business

Local firm gets foreign investment

The world leading investment fund Warburg Pincus has signed a contract to spend 200 million USD acquiring 20 percent of stake of Vincom Retail, a subsidiary of Vingroup, one of Vietnam’s leading real estate groups.

US equity firm eyes VN opportunities

TPG Growth, a member of US private equity investment firm Texas Pacific Group, said it is looking for further investment opportunities in Vietnam, with the market poised for substantial growth.

Survey shows investors’ gloomy mood

Private-equity investors' negative sentiments about the next 12 months has risen about 100 percent over survey results in the second quarter, according to auditing and consulting firm Grant Thornton.

Merger, acquisition deals tipped to increase

Merger and acquisition activity is expected to further increase this year, following high-profile deals last year such as food products company Masan Consumer's acquisition of coffee processor Vinacafe Bien Hoa (VCF) and the merger of real estate developer Vincom (VIC) with resort operator Vinpearl.

Stock market holds onto Friday's gains

Shares were able to maintain last Friday's gains during the week’s first session on Dec. 19 on the HCM Stock Exchange, with the VN-Index adding another 0.4 percent before closing at 367.40 points.

Investors aware of Vietnam's long-term potential

International investors of four funds under the management of the VinaCapital Group recognise Vietnam 's long-term potential but are concerned about the country's struggle to contain inflation.

VinaCapital chairman Terry Mahony said: "In the short term, Vietnam still faces challenges including high inflation and interest rates, which cause pressure to investment funds."

PVI Holdings finds strategic partner

HDI-Gerling Industrie Versicherung AG, a member of German insurer Talanx Group, on Aug. 17 signed a deal to buy a 25 percent stake in Vietnamese insurer PVI Holdings (PVI).
Japan, US agencies to sponsor major projects Business

Japan, US agencies to sponsor major projects

The Japan International Cooperation Agency (JICA) and the US Agency for International Development (USAID) have agreed to jointly sponsor infrastructure development projects in Vietnam and other Southeast Asian Countries under the public-private partnership (PPP) model.

Bac Kan promotes agro-forestry investment

The People’s Committee of the northern Bac Kan province launched the Agro-Forestry Promotion and Investment Fund (APIF) at an investment promotion conference on June 29, aiming to encourage public-private partnership in the fields of agro-forestry and tourism.