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ESG key to sustainable development

ESG key to sustainable development

Lots of business in private enterprises take actions to pursuing sustainable development, aiming at creating better corporate and society in a whole.

High debts leave Hoa Phat Group in heavy interest burden

Spending over VND9 trillion ($391.3 million) in the first half of the year on the construction of its Dung Quat Iron and Steel integrated complex through borrowings, Hoa Phat Group is paying an enormous amount of interest on its debts each day.

YOLA Education receives $10-million investment from Kaizen Private Equity

YOLA is Kaizen PE’s first investment in Vietnam.

Vinhomes reported promising half-year results, taking over Green City and Delta

Vinhomes has completed its acquisition of Delta JSC, a subsidiary of cosmetics and cleaning agents producer Daso Group, and Green City Development JSC, in July, to further reinforce its foothold in the real estate business.

German financial firm buys into TTCSugar

DEG has agreed to pour $28 million in exchange for a number of preferred stocks issued by Vietnam’s Thanh Thanh Cong Bien Hoa JSC (TTCSugar).

KOGAS and Energy Capital Vietnam to develop LNG regasification terminal in Vietnam

Korea Gas Corporation (KOGAS) and Energy Capital Vietnam (ECV) have agreed on a framework for the development of a privately-funded liquefied natural gas (LNG) regasification terminal, storage and gas supply system in Vietnam.

Cocoon Capital launches $22 million seed fund for Southeast Asia tech founders

The fund will be used to create thirty high-growth, enterprise tech startups in Southeast Asia. Hands-on mentoring will be provided across cities including Hanoi and Ho Chi Minh City.

Jollibee acquires The Coffee Bean & Tea Leaf for $350 million

Combined with Vietnam-based Highlands Coffee, the acquisition of Coffee Bean & Tea Leaf will enable Jollibee Foods Corp to become an important player in the large, fast growing and profitable coffee business.

Masan to list its meat business on local bourse this year

Masan Group is going to trade its MeatLife’s shares on the local stock exchange in 2019 and targeting at getting all of its subsidiaries on the board of stock by 2023 in a bid to maximise its shareholders’ benefits.

Vietstar Airlines granted consent for commercial operations

The Vietnam Civil Aviation Authority (CAAV) has granted an Aircraft Operator Certificate (AOC) to Vietstar Airlines to carry out commercial flights in the country.

Top Glove spending $25 million on first factory in Vietnam

The world’s largest rubber glove manufacturer Top Glove will open its first plant in Vietnam next year to cater to the rising demand for hygienic gloves.

Stock indexes
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