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PetroVietnam Power Corporation (PV Power) acquired VND6.99 trillion ($307.8 million) from selling 468.37 million shares, equalling 20 per cent of its charter capital, via its initial public offering (IPO) organised this morning.
In first month of 2018, Vietnam lured in $899.4 million in foreign direct investment (FDI) capital, down 36.8 per cent compared to the same period last year.
This afternoon, the organisation board of Stevie Awards in collaboration with the Enterprise Development Agency under the Ministry of Planning and Investment organised the launching ceremony of Asia-Pacific Stevie Awards 2018 in Hanoi, marking the first launch in Vietnam.
As Vietnam’s productivity is one of the lowest in Asia, the “Made in Vietnam” lean management model is considered an effective solution to the country’s productivity issues in the Industry 4.0 era. Nguyen Dang Minh, chairman of the Advisory Board of GKM Lean Institute (GKM Vietnam Co., Ltd.), talked about the creation of the “Made in Vietnam” lean management model and plans for the future.
Binh Son Refining and Petrochemical Co., Ltd. (BSR) reported a successful initial public offering (IPO) with a complete take-up of the offered shares and the record selling price of VND14.8 million ($651.69) apiece, according to information published on the Ho Chi Minh City Stock Exchange.
The entire VND110 trillion ($4.9 billion) that Vietnam Beverage Co., Ltd. spent buying 343.6 million shares of Saigon Beer, Alcohol and Beverage Corporation (Sabeco), equivalent to 53.58 per cent, came from loans.
Despite the fact that Song Da Corporation’s initial public offering (IPO) was considered a large-scale deal, only 790,900 shares, equalling 0.36 per cent of the offered 219.68 million shares, were sold at the auction organised this morning, according to information published by the Hanoi Stock Exchange.
In 2017, Vietnam saw soaring foreign investment capital inflows totalling at $35.6 billion, up 44.2 per cent compared to 2016. Phan Huu Thang, former director of the Ministry of Planning and Investment's Foreign Investment Agency, deputy chairman of the Vietnam Association of Foreign Invested Enterprises, told VIR about the spotlight review of 2017 as well as the motivation and recommended the strategies in attracting foreign investment capital in 2018.
Foreign investors are offered a maximum of 296.46 million shares in Becamex IDC Corporation (Becamex IDC) at the second auction which is expected to be held on January 3, 2018.
Vietnam saw soaring foreign investment capital as well as disbursement in 2017, with a 44.4 per cent on-year increase in registered capital and 10.8 per cent in disbursed capital.