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MIST Tourism, Hospitality, and Travel Tech Program opens for applications

MIST Tourism, Hospitality, and Travel Tech Program opens for applications

Destination Mekong and the Mekong Business Initiative (MBI) announced their 2018 Mekong Innovative Startups in Tourism (MIST) business support programs are now open for applications.

Vingroup attains nearly US$11 million in revenue a day in 2017

Vingroup’s total consolidated net revenue in 2017 was recorded at over VND90.3 trillion (US$3.98 billion) or otherwise equivalent to nearly US$11 million attained per day, up 56.8 per cent compared to 2016.

Mekong Enterprise Fund II completes final divestment in Mobile World with a 57x return

Mekong Enterprise Fund II (MEF II) managed by Mekong Capital has divested 100 per cent of its investment in Mobile World Investment Corporation (Mobile World) resulting in a gross return of 57 times after the 10.5-year investment period.

Savills Vietnam launches industrial services

January 2018 sees the official launch of Savills Industrial Services, the latest specialist line in Savills unmatched property offering.

Vinfast purchases intellectual property rights from BMW for car production

VinFast Manufacturing and Trading Co., Ltd, Vingroup’s subsidiary entered the US$5 million contract of two sedan and SUV car models with Pininfarina while announcing plans to buy intellectual property rights from BMW to develop the designs.

Binh Son Refining and Petrochemical’s IPO obtains over US$245 million

Domestic and foreign investors have paid an average price of VND23,000 (US$1.01) per share, 56 per cent higher than the initial price of VND14,600 (US$0.64) offered in the auction.

China’s largest retailer invests in Tiki to add Vietnam to its growing Southeast Asia presence

JD.com, China’s largest retailer, announced it has gained another foothold in Southeast Asia with its strategic investment in Tiki, Vietnam’s leading B2C e-commerce platform.

HSBC lands top honours in Euromoney Trade Finance Survey 2018

Apart from being named the best bank for trade finance in Vietnam, HSBC also earns the top spot in global trade finance bank rankings.

Mitsubishi Motors to invest US$250 million in second factory in Vietnam

Mitsubishi Motors is searching for a suitable location to build its second automobile factory in Vietnam with the expected investment capital of US$250 million.

PV Oil draws eight strategic investors for its upcoming IPO

According to PetroVietnam Oil Corporation (PV Oil), to the date, there have been eight investors including six foreign investors and two local investors registering to purchase PV Oil’s shares via IPO on January 25, 2017.

Mobile World to spend additional US$1.8 million to "swallow up" Tran Anh

Mobile World Investment Corporation (stock code: MWG) is planning ahead to purchase all the remaining shares of minority shareholders to raise its control in Tran Anh Digital World JSC (stock code: TAG) to 100 per cent.