Consensus include pressing plans to establish Thailand’s first collaborating consortium for net-zero innovation development. This seeks to pool know-how, technologies from international parties and is expected to roll on by the end of this year.
A consortium led by KKR that includes Temasek has completed the acquisition of an investment in Vinhomes Joint Stock Company, the leading integrated real estate developer in Vietnam.
The consortium led by the Singaporean sovereign wealth fund has collectively invested $500 million (VND11.6 trillion) for a minority stake in VCM Services and Trading Development JSC, a consumer retail arm of Vingroup.
A consortium of three South Korean investors including Shinhan Bank, CoreTrend Investment and ValueSystem will provide Hoang Huy $50 million to develop real estate projects in the northern port city of Haiphong.
Techcombank’s value could be listed up to $900 million, making it the largest IPO in the Vietnam stock market.
Warburg Pincus has recently reached a deal to invest about $370 million in Techcombank, marking the largest private equity deal in Vietnam so far.
Techcombank has announced that two separate legal entities managed by Warburg Pincus will invest over US$370 million into the Bank, subject to appropriate regulatory approvals.
The Ministry of Planning and Investment (MPI) urges investors to soon implement the construction of Vietnam - Singapore Industrial Park (VSIP) in Quang Tri province, which is expected to witness the involvement of three leading firms, namely Singaporean Sembcorp, Thai Amata and Japanese Sumitomo in this field.
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Vincom Retail, the largest shopping mall operator in Vietnam, is planning an initial public offering (IPO) worth about US$600 million, a move considered as a retail market provocation and the second largest share sale since 2007 in Vietnam.
