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Hanoi (VNA) - The closed-end VinaCapital Vietnam Opportunity Fund (VOF) has spent 45 million USD to purchase shares of Binh Son Refining and Petrochemical Company (BSR) and PetroVietnam Power Corporation (PV Power) at their initial public offerings (IPO). The investment fund said, in its latest report published on February 13 before the Lunar New Year (Tet) holiday, that its winning price for BSR “was a discount of 4 percent, compared to the average winning price of 23,000 VND per share for the equitisation.” Thus, VOF was able to purchase about 10 percent of the available shares offered at the BSR IPO on January 17 for nearly 25 million USD. BSR sold 242 million shares at the IPO, earning some 244.5 million USD for the State. Meanwhile, VOF spent 20 million USD to purchase PV Power shares at the company’s IPO, which was held on January 31. The IPO brought in revenues of some 311 million USD for the State, after PV Power offloaded its entire 468 million shares. … [Read more...] about VinaCapital buys BSR and PV Power shares for 45 million USD

This time around, the situation seems different. Many tour operators say the accommodation price hike is acceptable given that Tet is a peak time of tourism. The highest rises so far have been 15-20%, but on average, the difference is only several percent. … [Read more...] about Tet tour options in HCM City

We can see the explosion of technology 4.0 and favourable conditions for e-commerce are rapidly changing Vietnamese consumer trends. In order to keep the Vietnamese retail market growing, in my opinion, retailers need to effectively combine online and offline sales and develop convenient delivery services. At MM Mega Market, we have predicted this new trend of Vietnamese consumption, and there will be many innovations starting this year. — VNS … [Read more...] about MM Mega Market seeks to become best retailer in VN

As in previous years, the theatre also selected historical plays like Tiếng Trống Mê Linh (The Voice of Mê Linh Drum) during the season staged by renowned artists like Võ Minh Luân and Tú Sương, offered an interesting feast for cải lương lovers.    … [Read more...] about Theatres put on array of dramatic performances during Tết

In addition to textiles, footwear, furniture, electronics, and agricultural and fishery products, Vietnam will have opportunities to attract investment to the retail sector, tourism, entertainment, education, health care, support industry, and logistics services, Loc said. Phan Duc Hieu, Deputy Director of the Central Institute for Economic Management (CIEM), affirmed that the Government has made great efforts to improve the business environment. … [Read more...] about Vietnam among top destinations for investment