HCM City (VNA) - Many Vietnamese businesses conducted successful mergers and acquisitions (M&As) in 2019 and 2020 but the market was still led by foreign investors, the Vietnam M&A Forum in HCM City on November 24 heard. Outstanding M&A deals since 2019 include those between KEB Hana Bank and BIDV, VinaCapital and the Thu Cuc Hospital, Masan Consumer and VinCommerce & VinEco, the Stark Corporation and Thipha Cables & Dovina, FWWD and VCLI, and Vinamilk and GTN. Most deals between June 2019 and October 2020 were in the real estate, finance and banking, industry, and retail sectors, with major M&As also seen in logistics, agriculture, pharmaceuticals and healthcare, and construction. M&As by Vietnamese enterprises accounted for one-third of the total value during the period. Foreign investors, however, especially those from Japan, the Republic of Korea, Thailand, and Singapore, still dominate the local M&A market. For example, 19 deals between … [Read more...] about Foreign investors still dominate Vietnam’s M&A market
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Hanoi (VNA) – High logistics costs have become a major barrier for businesses and reduced the competitiveness of the national economy, Prime Minister Nguyen Xuan Phuc said at a national conference in Hanoi on April 16 to seek ways to reduce logistic expenses and improve transport connectivity. The asynchronous investment and poor connectivity result in high production costs, he said, adding that this is a challenge of many localities, especially those in the Mekong Delta region. PM Phuc said over the past time, ministries and relevant agencies from central to local levels have exerted efforts to improve logistic services. However, the expenses for logistic services remain high, leading to weak economic competitiveness, he added. “We should find the best solutions to reducing logistic costs for businesses,” the PM said, stressing the need to work out effective measures to improve transport connectivity among ports, railway stations and airports. The government … [Read more...] about PM Nguyen Xuan Phuc: High logistic costs place burden on businesses
Hanoi (VNA) - The Masan Tungsten Company Ltd., a wholly-owned subsidiary of the Masan Resources Corporation (MSR), has completed the legal steps to acquire the tungsten business of Germany’s H.C. Starck Group GmbH, according to the corporation. The transaction is a strategic step in executing MSR’s vision of becoming a leading global vertically-integrated high-tech industrial materials platform. This will enable the company to generate strong and consistent cash flows across price cycles and expand its addressable market by 3.5 times, from 1.3 billion USD to 4.6 billion USD. MSR expects to become a leading midstream tungsten products supplier across critical industries such as mechanical engineering and tool making, mining, automotive, energy, aviation, and chemicals. The transaction aims to create a global high-tech industrial company of scale in Vietnam and, more importantly, enhance the country’s competitive edge in the global tungsten market by owning a … [Read more...] about Masan Resources completes acquisition of German firm’s tungsten business
From the beginning of Vinarice's establishment, Vinaseed chose the FSSC22000 management systems to follow, invested in modern facilities and applied Japanese technologies. Only less than eight months into operation, Vinarice has received FSSC22000 certification after a strict and rigorous assessment process. … [Read more...] about VinaSeed’s rice products conquer international market
In 2017, a year after the completion of Phase 3 of the Hoa Phat Hai Duong steel and iron production complex, the steelmaker’s market share rose to 22.2 percent, becoming the largest supplier for the first time. … [Read more...] about Steelmaker Hoa Phat increases market share to 32 pct.