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Update news sell

Uber is selling its South East Asia operations to rival Grab

 Uber is selling its South East Asia ride-share and food delivery businesses to regional rival Grab.

Facebook to sell portable headset for virtual reality

 Facebook Inc is launching a new virtual reality headset that does not require a separate computer to operate, allowing more mobile uses than the company’s existing Oculus Rift product, 

Billionaire George Soros sells Alibaba shares

 The fund owned by the influential billionaire George Soros has sold most of its shares in the Chinese online retail firm Alibaba.

Vietnam to sell 240,000 tons of rice to Malaysia

 VietNamNet Bridge – Domestic enterprises have won contracts to ship 240,000 tons of rice to Malaysia this year,

IDICO prepares to sell hydropower projects

VietNamNet Bridge – Infrastructure Development Investment Joint Stock Company under the Ministry of Construction is working on plans to transfer Dak Mi 4 and 4C hydropower plants to Dak Mi Hydropower Plant Joint Stock Company

HCMC sells bio-fuel E5 from Nov, Hanoi from Dec.

VietNamNet Bridge – Hanoi will officially sell bio-fuel E5 at 42 petrol stations from next month onwards, according to the municipal Department of Industry and Trade.

Westerners sell grilled hotdogs on Saigon city streets

 VietNamNet Bridge – Large numbers of Vietnamese are rapidly becoming huge fans of German style grilled hotdogs sold by Westerners, out of mini trucks or off of motorbikes, on the city streets of Saigon.

Foreign investors think it’s time to swallow local firms

 VietNamNet Bridge – Investors need to grab the opportunity to make investment decisions right now, in the “twilight.” The opportunity would slip out if it gets lighter, or the Vietnam’s national economy fully recovers.

Deputy PM: Gov't wants to sell unprofitable SOEs instantly

 VietNamNet Bridge – What should the State do – selling unprofitable state owned enterprises (SOEs) which cannot bring profits any more, or selling profitable SOEs which keep laying golden eggs?

Former FPT Group’s CEO sells most of his shares, earning $2.5 million

 VietNamNet Bridge - After resigning from a series of important positions in FPT Group, the former CEO Truong Dinh Anh has withdrawn his capital from FPT. Currently, Truong Dinh Anh is still a member of the FPT Board of Directors.

Vietnam considers selling a bank to foreigners

 VietNamNet Bridge – Eight out of the nine weak banks have finished the restructuring process, while the ninth one may be sold to foreign investors. There is no precedent for such a move in Vietnam.

Banks make less profit, change hands

VietNamNet Bridge – A lot of banks have bogged down in bad debts and poor liquidity. However, they are believed to have great potentials in the long run. Therefore, they still can attract big investors.

Businessmen’s personal data sold on Internet

 VietNamNet Bridge – The personal information of hundreds of thousands of businesses and businessmen has been offered for sale on Internet for just VND700,000.