Vietcombank to pull out of BNP Paribas insurance joint venture

Vietnam’s Military Commercial JSC (MBBank) is seeking to sell a 7.5 percent stake to one or more foreign investors this year.

Two major Singapore firms have repeatedly been trying to increase their stakes in Vietnamese dairy giant Vinamilk.

Truong Hai Auto Corporation (Thaco) is planning to acquire a 7.86 percent stake in rubber and fruit producer Agrico.

Japan’s J Trust has expressed interest in acquiring a stake in Vietnam Construction Bank, one of three weakest state-owned banks in the country.

South Korean conglomerate SK Group plans to acquire a $1 billion stake in Vietnam’s largest private  conglomerate Vingroup, Bloomberg reported.

The Asia Commercial Bank (ACB) has registered to divest its 10 percent stake in the Thuy Ta ice cream company.

Malaysia-based Berjaya Group has sold its 75 percent stake in the five-star InterContinental Hanoi Westlake hotel to Hanoi Hotel Tourism Development Company JSC.

Singapore-based Keppel Corp will sell 70 percent stake in a waterfront township project to a Vietnamese investor for $100 million.

Vietcombank, Vietnam’s largest bank by market cap, has received permission from the securities watchdog to sell a 3 percent stake to foreign investors.

Vietnam’s second-largest oil retailer, PV Oil, is seeking multiple buyers, instead of a single strategic investor, for a 44.72 percent stake.

Vietnamese food and agriculture firm PAN Group Jsc has sold a 10 percent stake to Japan’s Sojitz at a price of VND61,000 ($2.61).

Vietnam’s agriculture company PAN Group has sought shareholder approval to offer 14.86 million shares to Sojitz Group.

Buyer is a newly-established real estate investment firm.