VietNamNet Bridge - While multinational conglomerates and large foreign investment funds are looking for opportunities to invest in large companies, other foreign investors are eyeing small and medium enterprises (SMEs). Vietnamese companies are attractive to foreign investorsKim Ja Jum, deputy CEO of Kiwoom, the securities company with the largest brokerage market share in South Korea, visited Hanoi in early November to attend a forum on Vietnam-South Korea economic cooperation. In the past, foreign investors only eyed large private companies or SOEs which were under equitization. But now, they also can see opportunities from SMEs. RELATED NEWS Vietnamese SMEs to invest strongly in e-commerce Cross-border e-commerce benefits Vietnamese SMEs Thanh Mai … [Read more...] about Vietnamese SMEs: new target for foreign investors
Foreign investors are offered a maximum of 296.46 million shares in Becamex IDC Corporation (Becamex IDC) at the second auction which is expected to be held on January 3, 2018. Becamex IDC's second auction will take place on January 3, 2018According to information published on the company website, Becamex IDC will offer these shares at the initial price of VND31,000 ($1.35) apiece, the same price as at the first auction.Earlier on December 1, Becamex IDC put 311.2 million shares, equalling 23.6 per cent of its charter capital, on sale at its initial public offering (IPO). As a result, 149 of 158 registered investors won in the bidding with the highest and lowest buying prices of VND40,000 ($1.76-1.35) and VND31,000 per share.After the bidding, Becamex IDC only acquired VND587.7 billion ($25.87 million) from selling 18.9 million shares or 6 per cent of the offered share volume.The reason behind so many shares being unmarketable was the corporation’s apathy in communications as … [Read more...] about Foreign investors offered 296.46 million remaining Becamex shares on January 3
The Vietnamese official made the statement during his meeting in Hanoi on Wednesday with Paul Greenwood, Vice President of Africa and Asia Pacific Business Development at Exxon Mobil Gas and Power Marketing. Hue added that Vietnam is pushing forward to improve its business climate and competitiveness to attract new foreign investors with technical and financial capacity to Vietnam. Greenwood said that the corporation will continue to cooperate with its Vietnamese partners. … [Read more...] about Deputy PM: Vietnam creates favorable conditions for foreign investors
The Vietnamese official made the statement during his meeting in Hanoi on December 20 with Paul Greenwood, Vice President of Africa and Asia Pacific Business Development at Exxon Mobil Gas and Power Marketing. He also thanked Exxon Mobil’s support for Vietnam to successfully host the APEC 2017 Economic Leaders’ Meetings. Vietnam is pushing forward with efforts to improve its business climate and competitiveness in order to attract new foreign investors with technical and financial capacity to the country, Hue voiced his hope that Exxon Mobil will continue to expand its investment in Vietnam. In reply, Greenwood affirmed that the corporation will continue to cooperate with Vietnamese partners in the coming time. … [Read more...] about Vietnam creates optimal conditions for foreign investors: Deputy PM Most Recent News
VietNamNet Bridge - Analysts have warned that strong brands may disappear once foreign investors buy into Vietnamese companies. MOIT has announced the sale of 343.66 million Sabeco shares The Ministry of Industry and Trade (MOIT) has announced the sale of 343.66 million Sabeco (Sai Gon Beer, Alcohol and Beverage Corporation) shares at the starting price of VND320,000 per share. The market value of the State’s 53.59 percent stake is estimated at VND87.4 trillion ($3.85 billion). With the share price described as ‘sky high’, the divestment deal worth VND11 trillion is reserved only for investors with powerful financial capability. With the share price described as ‘sky high’, the divestment deal worth VND11 trillion is reserved only for investors with powerful financial capability. Those making financial investments to seek profit won’t be interested in the deal because of the price. The investors interested in Sabeco shares aim … [Read more...] about What will foreign investors do with strong Vietnamese brands?