Deal Street Asia

ADB to extend $150m loan to Vietnam for rural development

The Asian Development Bank (ADB) has approved a $150 million loan to support development in four of Vietnam’s northeastern provinces – Bac Kan, Cao Bang, Ha Giang, and Lang Son.[]The provinces of Bac Kan, Cao Bang, Ha Giang, and Lang Son have significant potential to ...

Antonia Timmerman

Thai refiner Bangchak’s solar unit IPO to raise up to $170m

BCPG Pcl, the solar power unit of Thai oil refiner Bangchak Petroleum Pcl, could raise up to $170 million from an initial public offering this month, the company said on September 6. BCPG is planning to sell 590 million shares, or a 29.6 percent stake, ...

Myanmar: Loi Hein to invest $23.5m; Airport project award by 2017

Myanmar’s beverage manufacturer, Loi Hein – in a joint venture with Japan’s Toyo Seikan Co Ltd – has set up steel cans production unit in the country. Meanwhile, the concession agreement for the Hanthawaddy International Airport project is expected to be signed in December 2016. Loi Hein ...

Vietnam: $705.8m outbound investment; funding opportunity from France

Foreign direct investment into Vietnam reached $14.3 billion in 2016. Meanwhile, Vietnamese startups are attracting investment and partnership from French investors. Vietnam’s outbound investments hit $705.8m Vietnamese companies pumped $705.8 million in 106 projects in foreign markets during the first eight months of this year, according ...

Vietnam dealbook: Malaysia’s Mitra Energy, Thai Union strike M&As

Malaysia’s Southeast Asia-focused oil and gas group Mitra Energy has reached a sales and purchase agreement with Japan’s Teikoku Oil to acquire a 30 per cent interest in Vietnam’s oilfields in the Nam Con Son basin. Meanwhile, Songkla Canning, a wholly-owned subsidiary of Thai Union ...

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