VietNamNet Bridge - The stable economic development in Vietnam, a large market with high potential, and the political conflicts with North Korea and China are attracting South Korean investment to Vietnam.Analysts reported a string of M&A deals made by South Korean investors just in the third quarter of the year alone. CJ Express, a subsidiary of CJ Group, plans to spend $125 million to acquire a 51 percent stake in two maritime shipping and logistics service companies.Gemadept, the large Vietnamese shipping and logistics firm, and Hoa Sen Group have announced the divestment of all of their stake in Hoa Sen – Gemadept Port. Both of them declined to reveal the name of the buyer, but sources said it is a South Korean conglomerate.Tae Kwang, a large partner of Nike, reportedly intended to buy a 51 percent stake of Gemadept from a Gemadept shareholder – the Vietnam Investment Group. However, the deal failed as the two sides could not reach any agreement on the transfer … [Read more...] about South Korean investors heading for Vietnam
Investors
State company shares remain unappealing to some investors
VietNamNet Bridge - Except Sabeco and Vinamilk shares, the other divestments by the state have not succeeded as expected. SCIC plans to disinvest from many enterprisesThe divestments of Vinamilk and Sabeco shares in the last two months of 2017 brought satisfactory results. SCIC (State Capital Investment Corporation) sold 3.33 percent of Vinamilk shares, collecting VND9 trillion, or VND2 trillion higher than initially expected.Meanwhile, MOIT (Ministry of Industry and Trade) auctioned 53.59 percent of Sabeco shares, collecting $5 billion.The auction of Idico shares organized was also ‘hot’ with 40 foreign institutional investors registering to attend. 55 million shares were sold, bringing VND1.324 trillion, of which 74.8 percent was acquired by foreign investors.However, other share auctions were not as successful because of the indifference of investors.A number of SOEs queued up for their IPOs in the last days of 2017 and early 2018, though investors did not show … [Read more...] about State company shares remain unappealing to some investors
IPhone addiction may be a virtue, not a vice for investors: analysis
Apple Inc investors are shrugging off concerns raised by two shareholders about kids getting hooked on iPhones, saying that for now a little addiction might not be a bad thing for profits. Hedge fund JANA Partners LLC and the California State Teachers' Retirement System (CalSTRS) pension fund said on Saturday that iPhone overuse could be hurting children's developing brains, an issue that may harm the company's long-term market value. But some investors said the habit-forming nature of gadgets and social media are one reason why companies like Apple, Google parent Alphabet Inc and Facebook Inc added $630 billion to their market value in 2017. "We invest in things that are addictive," said Apple shareholder Ross Gerber, chief executive of Gerber Kawasaki Wealth and Investment Management. He also owns stock in coffee retailer Starbucks Corp, casino-runner MGM Resorts International and alcohol-maker Constellation Brands Inc. "Addictive things are very profitable," Gerber added. Still, the … [Read more...] about IPhone addiction may be a virtue, not a vice for investors: analysis
Dung Quat Oil Refinery IPO attracts foreign investors
VietNamNet Bridge - Seventeen investment funds have shown interest in Dung Quat’s IPO, expected to take place by the end of the year. Besides investment funds, the list of investors gunning for a Dung Quat stake includes the world’s leading conglomerates in the oil & gas sector, including Repsol (Spain), Gazprom (Russia) and Petrolimex, where the Japanese JX Nippon Oil & Energy is a strategic shareholder.The oil refinery, which holds one-third of the petroleum market share in Vietnam, plans to sell 4-6 percent of its stake.The shares will be offered at the starting price of VND14,600 per share. If successful, Dung Quat would have capitalization value of $2.1 billion, while the State would collect $83.6 million from the deal. … [Read more...] about Dung Quat Oil Refinery IPO attracts foreign investors
Investors to be keen on securities sector in 2018
Updated at Monday, 08 Jan 2018, 05:54 The Hanoitimes - Experts said that the securities market is likely to be the most attractive investment channel for investors in the Vietnamese economy in 2018. They attribute this to the Government’s efforts to improve trading conditions, upcoming sales of large-cap State-owned enterprises and undervalued shares. The securities market has witnessed strong growth since the beginning of 2017, surpassing analysts’ expectations, and promises to break its old peak of 1,075 points made in November 2007. The benchmark VN Index on the HCM Stock Exchange has gained nearly 51 percent since the end of 2016 and the minor HNX Index on the Hanoi Stock Exchange has grown 48.7 percent in the same period. Trading liquidity rose with an average value of 5 trillion VND (222.2 million USD) in each session, an increase of 63 percent year-on-year; and market capitalisation increased to 155 billion USD, equal to 74.6 percent of the … [Read more...] about Investors to be keen on securities sector in 2018
Vinalines to sell 30% shares to strategic investors
The Hanoitimes - The Ministry of Transport has submitted to the government the equitization plan for Vietnam National Shipping Lines (Vinalines), for which the government currently holds 65% of the chartered capital. According to this plan, the Ministry of Transport decided to divest state fund from Vinalines in parallel with issuing stakes to increase chartered capital. Specifically, Vinalines will increase its chartered capital to 14 trillion VND or 616 million USD (equivalent to 1.4 billion shares with 10,000 VND per share) after completing the equitization process, in which the government owns 904.5 million shares, equivalent to 65% of the company’s chartered capital. Vinalines will sell 30% of its chartered capital to strategic investors. In addition to the preferred shares sold to employees (0.13% of chartered capital), Vinalines will sell 30% of its chartered capital to strategic investors. The remaining shares of 67.3 million shares, equivalent to 4.84% of … [Read more...] about Vinalines to sell 30% shares to strategic investors
Ho Chi Minh City working group to assist investors
Chairman of the HCM City People’s Committee, Nguyen Thanh Phong (standing), will head a working group to assist investors (Photo thanhnien.vn)The group will deal with investment projects coming within the jurisdiction of the city administration, studying investment proposals, ensuring projects can begin, and coming up with solutions to problems.It will be led by the chairman of the city People’s Committee, Nguyen Thanh Phong, and the members will include the chairpersons of several departments such as planning and investment, construction and finance.As for projects that come under the authority of the city People’s Council or the Government -- such as nuclear power plants -- the group will petition the People’s Committee to seek approval.The city plans to introduce more policies to aid the industrial sector, work with business groups to identify businesses’ needs and allow businesses to have a say when investing in infrastructure./. … [Read more...] about Ho Chi Minh City working group to assist investors
Hanoi`s real estate projects attracst foreign investors
The Hanoitimes - Foreign investors are eyeing real estate projects in the northern region, particularly Hanoi, as they see the region’s potential, heard a conference held by the Commercial Real Estate Services (CBRE) Vietnam Company on January 4. In 2017, Vietnam remained an attractive destination for foreign investors with total FDI capital registered in the country hitting a record high of 35.88 billion USD, up 44.4 percent against last year. Real estate ranked third in terms of FDI attraction, accounting for 8.5 percent of the total registered capital. According to CBRE, since 2017, many foreign investors have paid special attention to Hanoi’s property market. They have joined hands with several big domestic investors to carry out projects, for example, Sumitomo Group’s deal in the northern side of the Red River which is expected to be a hot spot for real estate. The Japanese group decided to participate in Vietnam’s real estate market through … [Read more...] about Hanoi`s real estate projects attracst foreign investors
Hanoi nominates two railway investors
VietNamNet Bridge – The Ha Noi People’s Committee has submitted a report to Prime Minister Nguyen Xuan Phuc asking him to allow the Vingroup and T&T Group to compile investment dossiers on three of 10 urban railway projects planned from now until 2025.In July, 2017, the committee announced a list of seven investors that have registered to implement urban railway projects in the capital city.However, only Vingroup and T&T Group have submitted detailed implementation proposals.Vingroup plans to invest in two routes, No 5, from Van Cao to Hoa Lac (38.4km) and No 2 from Tran Hung Dao Street to Thuong Dinh (5.9km).Meanwhile, the T&T Group has proposed that it takes charge of the No 4 route connecting Me Linh, Sai Dong and Lien Ha (54km).All projects are to be implemented under the Build and Transfer (BT) investment model.The two companies have guaranteed to raise capital for pre-feasibility studies, and to voluntarily hand over all records and research reports to the … [Read more...] about Hanoi nominates two railway investors
Hà Nội nominates two railway investors
In July, 2017, the committee announced a list of seven investors that have registered to implement urban railway projects in the capital city.However, only Vingroup and T&T Group have submitted detailed implementation proposals.Vingroup plans to invest in two routes, No 5, from Văn Cao to Hòa Lạc (38.4km) and No 2 from Trần Hưng Đạo Street to Thượng Đình (5.9km).Meanwhile, the T&T Group has proposed that it takes charge of the No 4 route connecting Mê Linh, Sài Đồng and Liên Hà (54km).All projects are to be implemented under the Build and Transfer (BT) investment model.The two companies have guaranteed to raise capital for pre-feasibility studies, and to voluntarily hand over all records and research reports to the People’s Committee and other investors in case they are not chosen as the main investors.If chosen as the main investors, Vingroup and T&T Group will … [Read more...] about Hà Nội nominates two railway investors