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Tag Archives: Vietnam&#039s

Japan’s Orix to invest in Vietnam's hydropower market: report

Japan’s leasing firm Orix will invest in Vietnam’s Bitexco Power in mid-September as it seeks to tap growing electricity demand in the Southeast Asian country, Nikkei Asian Review reported Thursday. The Japanese company will take an over 10 percent joint stake in Bitexco with Singapore’s United Overseas Bank in a ...

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Singapore's GIC to take 7.7 pct stake in Vietnam's Vietcombank

Singapore sovereign wealth GIC Pte Ltd said on Monday it will acquire a 7.73 percent stake in Vietcombank, Vietnam’s biggest lender by market capitalisation. GIC will purchase 305,810,895 new shares in Vietcombank as part of the deal, it said in a statement without disclosing the value of the transaction. Reuters ...

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Japan's Mitsubishi bets on Vietnam's real estate market

Mitsubishi Corporation has announced its partnership with Vietnam’s real estate conglomerate Bitexco in developing a middle-class housing project in Hanoi. The Japanese trading house will hold a stake of 45 percent in the joint-venture that will build 8,700 condominium units at an initial cost of 30 billion yen (US$ 286.41 ...

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Vietnam's top mobile retailer expands electronic chain

The Gioi Di Dong (Mobile World), Vietnam’s biggest retailer of mobile devices, plans to open another 286 electronics stores in an effort to double its market share to 30 percent next year, local media reported on Thursday. In the first six months, the company launched 33 new outlets, expanding its ...

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Vietnam's economy grows 5.52 percent in H1

Affected by a decline in agriculture, Vietnam’s economy expanded 5.52 percent in the first six months, compared to 6.28 percent recorded in the same period last year, according to new data. For the first time in many years, the agriculture sector shrank 0.18 percent in the first half, local media ...

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