Prosper foreign investor

Corporate Foreign investors reject Mon Hue founder’s statement By Dung Nguyen Monday,  Nov 18, 2019,12:02 (GMT+7) Foreign investors reject Mon Hue founder’s statementBy Dung Nguyen A Mon Hue restaurant. Foreign investors have rejected the Mon Hue founder’s claims that they had taken over the chain - PHOTO: TPO HCMC - Foreign investors in Mon Hue, a chain of up to 80 restaurants across the country, have rejected the claims of Huy Nhat, founder and chairman of the chain, that they had taken over the chain. Nhat has reportedly failed to pay debts to suppliers and shuttered many restaurants. On November 14, Nhat told the local media that he had not defaulted on his debts and accused investors of taking over the chain. He said he had been striving to regain control over the chain through a lawsuit in a Hong Kong court since May. According to Nhat, investors wanted to secure an additional position on Huy … [Read more...] about Foreign investors reject Mon Hue founder’s statement

Investors salivate as overseas bond issue draws near (18-08-2007) HA NOI — Foreign investors are expressing enthusiasm for an upcoming US$1 billion Government bond issue by Viet Nam to be carried out on the overseas market next month, under a plan ratified by the Prime Minister Nguyen Tan Dung in June. "This bond issuance is indeed attractive and I know that demand from offshore investors is very high," said a senior foreign bank executive, who requested anonymity in a phone interview yesterday. "Actually, we are eager to buy them. The success of the Government bond issue in 2005 was very impressive." The bonds will have 15- or 20-year maturities and includes Government debentures and Government-backed corporate bonds. The issues will be carried out and underwritten with the co-operation of Citibank and Deutsche Bank. "The 2007 issue is expected to go smoothly as we have already learnt very precious experience from the first successful issue in October 2005, when we raised $750 … [Read more...] about Investors salivate as overseas bond issue draws near

The decision was approved at the PVFCCo’s annual shareholder meeting in the southern province of Ba Ria – Vung Tau on April 26, following the State-owned Vietnam Oil and Gas Group (PetroVietnam)’s plan to reduce its stake in the PVFCCo to less than 51% by 2020. PetroVietnam, or PVN, are working to equitise several subsidiaries and divest from a dozen of others at the same time, said Dinh Van Son from the group’s Members’ Council. The next phase will be to seek strategic investors for these companies to enable them to successfully restructure; therefore, PVN will closely coordinate with the PVFCCo and its shareholders to fast-track the divestment, he noted. By the end of 2017, PVN owned 59.58% of shares in PVFCCo while foreign investors held a combined 20.44%. The firm’s shareholders agreed to remove the limit of foreign ownership to encourage strategic investors to step in. To implement the decision, the PVFCCo will have to withdraw from 3 sectors … [Read more...] about Limit scrapped for foreign ownership in PVFCCo

An officer of the market management force examines products at a company in Hanoi (Photo: VNA) Hanoi (VNA) – The market management force of Vietnam is committed to strictly handling violations of intellectual property (IP) rights so as to create an optimal environment for foreign investors, including those from the Republic of Korea (RoK), an official of the Ministry of Industry and Trade (MoIT) has said. The remark was made by Deputy Director of the MoIT’s Market Management Department Tran Hung at a workshop on raising awareness of IP rights in Ho Chi Minh City on May 10.  The event, co-held by the Market Management Department and the Korea Trade-Investment Promotion Agency (KOTRA), aimed to enhance IP cooperation between Vietnam and the RoK and discuss solutions to fight counterfeits. Hung said implementing IP rights is increasingly important to the socio-economic development of a country, especially amidst the integration into a free trade market. Vietnam has … [Read more...] about Vietnam pledges to strictly handle violations of IP rights

The Ministry of Industry and Trade has recently consulted relevant counterparts and agencies about replacing Vietnam Oil and Gas Group (PVN), the investor of the Long Phu III thermal power project, with a Chinese investor. Earlier, the ministry had suggested the Government approve the transfer of the Quynh Lap 1 thermal power project, with the Vietnam Coal and Mineral Industries Group (Vinacomin) as the investor since 2009, to the joint venture of Geleximco-Hong Kong United Investors Holding. Several other thermal power projects, such as Quynh Lap 2, Quang Trach 1, Quang Trach 2 and Haiphong 3, have also received investment proposals from foreign investors.  Inevitable trend The main reason for the proposal to change investors of thermal power projects in particular and possibly a number of projects in other sectors in general is the difficulties in capital arrangement facing investors, who are generally State-owned enterprises (SOEs) and groups like PVN and Vinacomin. In reality, … [Read more...] about An inevitable trend