Việt Nam’s real estate, tech and retail conglomerate Vingroup JSC (Vingroup) yesterday signed a billion dollar deal with the Republic of Korea’s SK Group.
South Korean conglomerate SK Group plans to purchase US$1 billion worth of stocks in Việt Nam’s real estate-retail-tech giant Vingroup, according to Bloomberg.
Việt Nam’s benchmark VN-Index bounced back on Friday after a three-day decline, driven by solid performance of Vingroup and its subsidiaries.
The Singaporean fund Ardolis Investment Pte Ltd has raised its ownership in the consumer staple firm Masan Group Corporation to 5.67 per cent with more than 65.9 million shares from the previous 4.47 per cent.
Steel producer Hoa Sen Group reported that it shipped 17,000 tonnes of steel sheets to the US worth US$14 million on Thursday.