The information that Norwegian SN Power Company intends to buy big amounts of stakes of hydropower plants in Vietnam has caught the special attention from the public. This is believed to activate the hydropower merger and acquisition (M&A) market. Nguyen Thanh Tan, Chief Representative of SN Power Holding Singapore Ltd in Hanoi, a subsidiary of Norwegian Power Group managed by the Norwegian government, said on Dau tu that the company wants to buy big amounts of stakes of state owned and private run hydropower plants in Vietnam. If the affairs succeed, this would make a precedent in the hydropower industry in terms of the mode of ownership. According to Tan, SN Power plans to buy a lot of stakes of hydropower plants in Vietnam. It is also considering the amount of capital for the investment in Vietnam. Though the big hydropower projects in Vietnam have had their investors already, Tan believes that there are still many attractive projects which have high feasibility that foreign … [Read more...] about Foreign investor eyeing hydropower projects in Vietnam
Foreign investors
Beverage sector attracts foreign investors
The Vietnam’s beverage sector continues to attract foreign investors despite the slowdown in investment on the back of the global financial crisis, according to the website www.companiesandmarkets.com In the latest report on food and drink in Vietnam on March 5, the website which provides information on market research, said that Vietnam’s beer market is growing in line with its rapid economic development. Despite fierce competition, foreign investors continue to expand investment in Vietnam because it is considered to be one the world’s highest growth potential beer markets fuelled by economic expansion and a growing tourism sector. The report said that brewers already in the market will continue to ramp up investment to secure a strong foothold when competition is set to increase as the market continues to open up to foreign investors. … [Read more...] about Beverage sector attracts foreign investors
Foreign investors now hesitant to inject their money in Vietnam’s stock market
Foreign investment funds believe that the Vietnamese stock market still won’t be able to attract foreign capital in the time to come, since investors have worry about the macro economy. Kevin Snowball from PXP Asset Management said that the Vietnamese economy is now gloomy with high interest rates and high inflation. The moves taken by the government so far this year have helped settle some problems: the dong/dollar exchange rate has become more stable, while the consumer price index (CPI) increases have been slowing down. However, economists still believe that the inflation rate of the whole year 2011 would be 18 percent or higher. The Vietnamese stock market now reflects all the difficulties of the national economy, as the securities liquidity always stays lows, while the indexes have been improved just a little. All these factors have made foreign investors become more hesitant to pour money into Vietnamese stocks. Director of Standard Chartered Bank, in charge of … [Read more...] about Foreign investors now hesitant to inject their money in Vietnam’s stock market
Foreign investors now targeting middle class apartment projects
Trying every possible method to arrange capital for real estate projects in Vietnam, foreign investors have changed the way of approaching the market. Nguyen Khanh Duy, Marketing Director of Vietnam City Garden Company, the owner of City Garden project in HCM City, said that foreign investors nowadays not try to obtain as many investment licenses as possible, but they more pay attention to the locations of the projects, the demand of the market and sale capability of the projects. Some “well-known guys” in the real estate sector have decided to put off their projects in the Vietnamese real estate market to gather strength to develop the projects in their home markets. French EEM Group, for example, which owns the resort chains bearing the Victoria brand, have sold all of its five hotels in Vietnam to restructure its investment portfolio. The same thing has also been done by JSM Indochina which has transferred Peninsula project. Park Hee Hong, Business Development … [Read more...] about Foreign investors now targeting middle class apartment projects
Foreign investors pay $8.5 to hire one hectare of forest land
Reviewing the project to plant 5 million hectares of forest (1998-2010), the National Assembly’s Committee for Science, Technology and Environment--pointed out eight shortcomings, including leasing forest land to foreign investors at dirty prices. People worried about forest plantations scheme run by foreigners Taiwanese investor willing to give back “sensitive” forest land It was reported that by 2010 the national forest coverage had increased to nearly 40 percent from 32 percent since the program was implemented in 1998. It significantly improved the ecological environment and created material growing areas for the wood processing sector. Notably, the program helped generate employment and increase incomes for local people, especially those living in ethnic-inhabited regions. More than 1.2 million households, of whom 38 percent were poor, took part in the program. However, Phung Quoc Hien, Chairman of the NA Committee for Finance and Budget, said that the … [Read more...] about Foreign investors pay $8.5 to hire one hectare of forest land