By Nguyen Thi Bich Ngoc
Saigon Pho Palace currently operates a chain of restaurants that cater to wedding banquets and convention events and plans to build 35 more such restaurants by 2025.
State-owned Gtel, which operates the Gmobile brand, is currently undergoing a restructuring exercise.
MUFG owns 19.73 percent of the Vietnamese lender, according to Refinitiv data.
The Vietnam solar projects are part of AC Energy’s overall goal of expanding beyond the Philippines and growing its presence in Southeast Asian markets.
The foreign ownership is still capped at 30 per cent in the banking industry, and Vietinbank, Vietnam’s third largest lender, is already close to that limit.
VinFast has secured a 12-year credit facility for as much as $950 million to help buy machinery and equipment from German suppliers.
The issue is guaranteed by Credit Guarantee and Investment Facility (CGIF), a trust fund of Asian Development Bank.
Vingroup retail unit had earlier acquired Vinatexmart, Oceanmart and Maximark to consolidate its presence.
VinaCapital Ventures chose the holding company model over a fund model because it did not want an exit deadline looming over its investments. The structure also helps it pursue other models of strategic financing such as joint ventures and co-investments with conglomerates.
GIC played a part in Vietnam’s top three equity offerings ever, all of which were completed in the past year.