Lotte E&C to create a hallmark in Vietnam’s high-end residential segment
InvestmentLotte E&C, a member of South Korean giant Lotte Group, has recently entered a strategic partnership with Ho Chi Minh City-based major developer Novaland for high-end project development.
S. Korea SK Group chips US$1 billion buying Vingroup shares
InvestmentSouth Korean SK Group starts to expand its presence in Southeast Asia and purchase Vingroup’s 154.3 million shares through private placement and others 51.4 million shares from Vingroup’s retail arm VinCommerce, totaled VND23.3 trillion, roughly US$1 billion. Deal to come under a strategic partnership signed on May 16.
