The southern metropolis Ho Chi Minh City needs to develop policy mechanisms and legal frameworks and improve its business climate, infrastructure and human resources to recover the economy, experts say.
The Chan May – Lang Co Economic Zone in the central province of Thua Thien – Hue, which boasts comprehensive infrastructure and an open investment environment, is hoped to attract new investment flows following the COVID-19 pandemic.
The State Capital Investment Corporation (SCIC) has targeted disbursing investment of 13-16 trillion VND (561-690 million USD) annually to focus capital on key industries and sectors to promote economic growth.
Teakwang Industrial Co (Taekwang Ind) of the Republic of Korea (RoK) said it wants to become a strategic investor of PetroVietnam Power Corporation (PV Power).
The State-run Vietnam Southern Food Corporation (Vinafood II) raised nearly 1.16 trillion VND (51.1 million USD) from selling 22.97 percent of its stakes at an initial public offering (IPO) on March 14.
State-owned banks are finding it more difficult to increase charter capital, especially when they still have to pay dividends instead of keeping the money for this purpose.
The Vietnam Urban and Industrial Zone Development Investment Corporation (IDICO) has released the list of criteria that institutional investors must satisfy to become a strategic partner of the firm.
The PM has given the green light to the equitisation plan for Song Da Corporation in the form of selling parts of state-owned capital and issuing shares to increase charter capital to 4.5 trillion VND.
The Airports Corporation of Vietnam (ACV) plans to sell some 166 million shares to French airport authority Aéroports de Paris (ADP), which is set to become a strategic investor.
Domestic and foreign companies are vying to invest in the Airports Corporation of Vietnam (ACV), a State-owned company of the Ministry of Transport managing 25 airports across Vietnam.
The national flag carrier Vietnam Airlines plans to complete its final negotiations with a potential strategic investor this month, General Director Pham Ngoc Minh told a recent conference.
The SCIC targets to become a government strategic investor with total assets of 22.5 billion USD by 2020, as heard at a ceremony marking its 10th founding anniversary in Hanoi on October 19.
MobiFone Corporation, the second largest mobile operator in Vietnam, is poised to sell its stakes in two banks as part of its ongoing equitisation plans.
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