Power Construction JSC No 1 (PCC1) has sold nearly 11.5 million shares to the London-traded Vietnam Enterprise Investments Limited (VEIL) for nearly VNĐ380 billion (US$16.9 million).

Indochina Capital and Kajima Corporation officially debuted the Indochina Kajima Development (ICC-Kajima) yesterday, a joint effort to invest $1 billion in the Vietnamese real estate market in the next 10 years.

Private realty developer Truman Holdings Corporation Viet Nam announced a VND2 trillion (US$89.6 million) project named New City Project in northern Thá Binh Province on Wednesday.

Hà Nội will develop luxury hotels in the capital city’s prime locations in the next five years, as part of its efforts to promote tourism.

There remains room for Việt Nam and Brazil to foster bilateral co-operation, especially in agriculture, a business conference heard yesterday in Ha Noi.

Provinces and cities in the Southeastern region should enhance linkages to enable the region to capitalize on opportunities and overcome challenges from global integration, delegates said at a forum held in HCM City yesterday.

A seminar held in the capital yesterday by the Central Institute for Economic Management (CIEM) and Japan’s Mitsubishi Research Institute (MRI) reported the findings of a study on the slow growth of the Vietnamese parts supply industry.

Shares sank for a third day on the two national stock exchanges, driven by record foreign sells in the final reallocation trading day for Exchange-Traded Funds (ETFs).

Việt Nam may launch the first derivatives market in the first quarter of next year, officials said at a press briefing yesterday.