Vietnam Investment Review - VIR

Corporate

VNPT, Saigon Co.op ink deal
09:07 07/07/2015 VNPT, Saigon Co.op ink deal

The Viet Nam Post and Telecommunications Group (VNPT) and the Saigon Union of Trading Co-operatives (Saigon Co.op) have signed a comprehensive strategic cooperation agreement to provide more benefits to local consumers.

Investing

Vinatex receives green light for $400 million IP in Nam Dinh
14:39 06/07/2015 Vinatex receives green light for $400 million IP in Nam Dinh

The Nam Dinh Provincial People’s Committee has licensed the Vietnam Textile and Garment Group to initiate construction of the $400 million Rang Dong Industrial Park (IP), a large scale industrial park dedicated for textile and garment suppliers.

Tech

VN, S Korea seal cooperation pact in ICT
08:57 07/07/2015 VN, S Korea seal cooperation pact in ICT

Viet Nam's Minister of Information and Communications Nguyen Bac Son signed cooperative agreements with South Korea during his recent visit to the country, Vietnam News Agency reported.

Property

Questions raised on new property laws
08:52 07/07/2015 Questions raised on new property laws

Two long-awaited amended laws on housing and real estate, effective from July 1 and expected to have a significant impact on the property market, may not be as effective.

Money

PE firm KKR sells Masan shares
08:55 07/07/2015 PE firm KKR sells Masan shares

US private equity firm KKR & Co, formerly known as Kohlberg Kravis Roberts & Co LP, sold half of its holdings in Viet Nam's leading consumer goods company Masan Consumer.

Province

PM approves $1b Hai Phong ‘eco' complex
08:50 07/07/2015 PM approves $1b Hai Phong ‘eco' complex

Prime Minister Nguyen Tan Dung has approved the building of a US$1 billion "ecological" complex on Vu Yen Island in northern Hai Phong City.

Travel

Relaxing at Ma Rung Lu Quan
09:22 07/07/2015 Relaxing at Ma Rung Lu Quan

Hidden in the forest of Da Nghit Village in Lat Commune, Lac Duong District of Dalat City is an eco-tourism site that is new to many people. The site is called by an impressive name which arouses curiosity: “Ma Rung Lu Quan” (forest ghost inn).

Society

First steps to combat natural disasters
14:20 06/07/2015 First steps to combat natural disasters

At the third Disaster Preparedness Forum (DPF) held in Hanoi last week, Prudential Asia’s chairman Donald Kanak said: “We hope the new contents of the DPF initiative in Vietnam will foster active and substantial public-private dialogue and actions that will improve the resilience of communities and make disasters less devastating.”

Sports

US crush Japan 5-2 to win third Women's World Cup title
11:14 06/07/2015 US crush Japan 5-2 to win third Women's World Cup title

The United States have won the Women's World Cup after a resounding 5-2 win over defending champions Japan in the final in Vancouver.

Your Consultant

New foreign equity cap to spur market
08:00 06/07/2015 New foreign equity cap to spur market

Pursuant to a plan to upgrade Vietnam’s “frontier” market classification to “emerging” market classification at MSCI and increase the flow of foreign capital to the local stock markets, on June 26 the Vietnamese government issued  the landmark Decree No60/2015/ND-CP (Decree 60) to lift the 49 per cent foreign equity cap for public companies. Decree 60 is intended to add vitality to the Vietnam stock markets and boost the equitisation of state enterprises.