The improved business performance of Vietnamese banks and a Government regulation to require local banks to meet stricter capital regulations as part of Basel II standards is spelling the start of a wave of foreign investment into the country’s finance and banking sector in 2019, experts said.
Deputy Prime Minister Vuong Dinh Hue has requested fixing land use plans before equitisation, given that many State-owned enterprises (SOEs) are focused on land value instead of investing in their core areas.
Despite the current increasing foreign investment inflows, merged and acquired banks will consider selling stakes to foreign investors after completing the restructuring to up the attractiveness of sales, bank officials said.
Prime Minister Nguyen Xuan Phuc introduced to Canadian businesses the dynamic Vietnamese economy with improved investment and business environment and abundant opportunities for foreign investors.
The PetroVietnam Oil Corporation (PVOIL), an subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), has selected four investors who are qualified to become strategic shareholders of the firm.
The Vietnam Oil and Gas Group (PetroVietnam) plans to reduce its ownership of PetroVietnam Gas Joint Stock Company (PV Gas) from the current 97 percent to 65 percent.
Eight investors have registered to become strategic shareholders of the Vietnam Oil Corporation (PV Oil) as of January 10, PV Oil CEO Cao Hoai Duong confirmed on the sidelines of the corporation’s roadshow.
Binh Son Refining and Petrochemical Co Ltd (BSR), the operator of Dung Quat Refinery, will conduct Vietnam’s biggest-ever initial public offering (IPO) on January 17 next year.
Vietnam wants Japanese and Osaka firms to expand operations in the country, especially in farm produce processing and consumption, support industry, health care and technological transfer, said the PM
Clear, transparent and efficient policies are needed to encourage more foreign investors to jump into the Vietnamese securities market if it is to reach its considerable potential.
Representatives from Spanish energy company Repsol have met with leaders of the Binh Son Refinery and Petrochemical Co Ltd (BSR) to seek opportunities to invest in the Dung Quat Refinery.
The Central Institute for Economic Management released a report on October 30 on the actuality of strategic shareholders’ involvement in SoEs equitisation process.
PetroVietnam Oil Corporation (PV Oil) may double the amount of shares offered as part of its initial public offering (IPO), which is scheduled in the fourth quarter of this year.
The Vietnam National Petroleum Group signed an agreement with the Binh Son Refinery and Petrochemical Co Ltd (BSR) on cooperation in boosting sales of petrol products produced by Dung Quat Refinery.
The State Securities Commission of Vietnam (SSC) terminated the operations of 28 securities companies, approved the dissolution of 5 companies, merged 8 companies in the first half of this year.
Vietnam will lift restrictions in areas including services, telecommunications, financing and banking among others, and facilitate foreign investors’ engagement, said Prime Minister Nguyen Xuan Phuc.
The National Citizen Joint Stock Commercial Bank has set to raise total value of its asset to 4.18 billion USD in 2017, up nearly 40 percent from last year, heard a shareholders meeting on April 27.
Investment firm Sovico Holdings is in talks with the Binh Son Refining and Petrochemical Company (BSR Co Ltd) on exploiting opportunities arising out of the latter’s equitisation process.
The Vietnam National Petroleum Group (Petrolimex) will list its shares coded PLX on the Ho Chi Minh Stock Exchange (HOSE) some time between April 18 and 21.
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