Private equity modeling

Kent Yang, founding managing partner of SLP Early this year, GLP announced the establishment of GLP Vietnam Development Partners I (GLP VDP I) with a total investment value of $1.1 billion. How will SLP activities be deployed in the Vietnamese market SLP is an industrial and logistic facility development and operation platform backed by GLP – one of the leading logistics infrastructure providers and operators – and three founding partners. Even though SLP is in a joint venture format, since its inception, it has been an extension of GLP in Southeast Asia and Vietnam. We closed the GLP VDP I fund earlier this year – in less than a year. For funds of this size, it's considered very fast. The ability to close this fund in such a short period is due to the fact that Vietnam is an extremely favourable market and our institutional investors trust GLP as a partner. With a size of $1.1 billion, we have raised one of the largest logistics development funds in Vietnam. Since the … [Read more...] about SLP aims to dominate Vietnam’s markets

SCG’s Q2/2022 operating results show continuous revenue growth despite energy costs’ effects on profits, maintaining robust financial standing. Roongrote Rangsiyopash, president and CEO at SCG disclosed, “Despite volatile situations with crisis upon crisis such as inflation, rising interest rates, increased energy and raw material costs, and climate change, SCG continues to adapt, resulting in strong overall business and financial performance. Innovative product and service developments are in full gear, especially eco-friendly items with SCG Green Choice labels and innovations to meet consumers’ demands for safety and convenience, catering to the tourism and service sector’s recovery as borders fully open." "Moreover, strategic investments are being prioritised, resulting in the delay of new projects that are non-urgent while still going through with quick-return projects and ones that are aligned with the company’s long-term growth plans. This includes the Long Son … [Read more...] about SCG accelerating strategies to address myriad of challenges

The national flag carrier remains optimistic about the recovery of the market from late 2022 and in 2023. Vietnam Airlines is taking steps to issue shares, scheduled for 2023-2024, in a bid to raise funds and improve the carrier's financial situation. The airline is still struggling with Covid-19 impacts. File photo As a State-owned entity, the airline would need approval from the Government for the issuance plan. The move was revealed in the national flag carrier’s document submitted to the Ho Chi Minh Stock Exchange on measures to halt its continual losses after its stock (HVN) was placed under supervision. In 2021, Vietnam Airlines issued shares worth VND7.9 trillion (US$337.6 million) to existing shareholders and raised its registered capital to over VND22.1 trillion ($945 million). Another plan is to issue shares to the public, and therefore the Government’s stake-holding in the airline. Amid severe impacts from the Covid-19 pandemic, Vietnam … [Read more...] about Vietnam Airlines plans share issuance to raise funds

McKinsey and Company on August 3 released the report “Can Vietnamese banks seize the green bond opportunity?”, which analyses the preconditions leading to the growth of green-bond markets and urges Vietnamese banks to take timely action to reap the rewards from this segment. New solutions in green finance are crucial because the climate transition is accelerating, Photo: Shutterstock The report indicates that the demand for financing of projects with environmental benefits in Vietnam has grown year by year, totalling more than $10 billion annually from 2018 to 2020 and $21 billion in 2021. This increase is forecasted to continue, based on market momentum, Vietnam’s latest draft of Power Development Plan VIII, and the country’s net-zero commitments. Finance-wise, McKinsey estimates that issuing bonds for environmental, social, and governance (ESG) projects may bring Vietnam’s financial institutions roughly $1.7 billion in revenue by 2025, with $1.5 billion coming from … [Read more...] about New finance instruments in play for climate future

The partnership will drive socio-economic development by benefitting more than 200,000 students and equip them with skills to thrive in an increasingly competitive global market. The United States on August 1 launched a five-year, US$14.2-million partnership with three leading Vietnamese universities to strengthen higher education in Vietnam. The funding, through US Agency for International Development (USAID), is part of the Partnership for Higher Education Reform announced by Vice President Kamala Harris during her visit to Hanoi in August 2021 will collaborate with universities, key government officials, and industry partners in Vietnam. Under the USAID-supported project, US partner Indiana University will work with Vietnam’s three largest universities including Vietnam National University-Ho Chi Minh (VNU-HCM), Vietnam National University-Hanoi (VNU-HN), and the University of Danang (UD) to improve their academic quality, enhance institutional governance, and enable … [Read more...] about US helps strengthen Vietnam’s higher education in US$14-million partnership

Thousands of apartments and land lots for the resettlement of residents in Hanoi and Ho Chi Minh City have been left deserted for years, causing huge waste. While many laborers are in dire need of accommodations, solutions to these abandoned resettlement apartments and the resettlement in the future to prevent similar cases are needed. Abandonment and untidiness According to the Hanoi Department of Construction, the capital city is now home to nearly 18,000 resettlement apartments. Most of them have been sold and allocated for projects. Only over 400 units remain unused. However, in reality, thousands of these apartments are presently empty. Some projects with hundreds of apartments each are complete but their wastewater treatment and fire prevention and control systems have yet to be approved. Most of these projects are now degrading and facing a shortage of facilities, such as playgrounds for children, sport facilities, and parks. More than 3,700 … [Read more...] about Thousands of resettlement apartments abandoned in Hanoi, Ho Chi Minh City