Vietnam Airlines to launch IPO next month Business

Vietnam Airlines to launch IPO next month

The national flag carrier Vietnam Airlines is set for its initial public offering (IPO) of shares worth 1 trillion VND (47.6 million USD) in Ho Chi Minh City on November 14, pledging to use the generated funds to provide a modern fleet and impeccable service.

More banks set to take over finance companies

Analysts predict a new wave of commercial banks taking over finance companies following a new government decree, according to an article published on the English language news portal VietNamNet Bridge on August 6.

Kinh Do Corp eyes bigger market share

The leading domestic confectionery producer, Kinh Do Corporation (KDC), said it would expand production in new categories of noodles, coffee and edible oil in an aim to enlarge its market share.
Mai Linh taxi group plans share issue Business

Mai Linh taxi group plans share issue

Taxi operator Mai Linh Group is seeking to sell more than 60 million shares to strategic investors to raise capital, the group's chairman Ho Huy told investors in the annual shareholders' meeting on May 21.
Banks target growth in consumer lending Business

Banks target growth in consumer lending

Banks plan to explore mergers or acquisition of financial institutions, as well as the establishment of new financial companies, to ensure a healthier bottom line by offering more consumer loans.

Small banks undergo restructuring through M&A

Small banks merging into bigger banks is becoming a growing trend in Vietnam.The State Bank of Vietnam (SBV) said it wants to reduce the number of commercial banks by half after three years, according to an article published on the English language news website VietNamNet Bridge on April 16.

Sacombank shareholders greenlight merger

Sacombank shareholders has agreed to the bank's plan to merge with Southern Bank which will be implemented this year if the feasibility study is approved by the authority and shareholders.

Vietnam Public Bank to be established

The Vietnam Public Commercial Joint Stock Bank (PVcom Bank) will be established on the merger of the PetroVietnam Finance Joint Stock Corporation and the Western Commercial Joint Stock Bank.

Banks look to foreign funds

Many Vietnamese banks are seeking support from foreign partners, including Japanese investors, in a bid to boost their capital.

Vinamilk strives for world status

The Vietnam Dairy Products Joint Stock Company (Vinamilk) is striving to enter the world’s top 50 dairy producer list with annual revenues of 3 billion USD by 2017.

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.
BIDV set to launch IPO this month Business

BIDV set to launch IPO this month

The Bank for Investment and Development of Vietnam (BIDV) announced that it is planning to make its initial public offering (IPO) on Dec. 28.

Banks fumble over timing for listing

The developments of the stock market and the unsatisfactory national economic situation are making commercial banks think twice before deciding on the time for their listing although many listing plans have been approved at their shareholders’ meetings.

Share values rise, volume drops

Shares rose slightly on March 28 on both national stock exchanges, even as trading volumes and values dropped compared to the previous session on March 25.