Vietnam has become an attractive destination for foreign investors in recent years thanks to the fast-growing economy and investment encouragement policies. A number of major deals were made in the first half of 2020. For example, Thai-listed Super Energy Corporation Public Company Limited decided to pump up to US$456.7 million into four solar power plants in the southeastern province of Binh Phuoc, while the Siam Cement Group (SCG), a cement manufacturer and a Thai industrial group, announced the decision to buy Bien Hoa Packaging’s shares worth more than US$19 million. … [Read more...] about Experts urge caution on M&A exploiting low share prices
Grocers market share
The main products it planned to focus on would be edible oil, ice cream and snacks in the mid- and high-priced categories, which offer high margins. … [Read more...] about KIDO Group has reported growth of nearly 48 per cent in net profit to VND418 billion (US$18.2 million) for 2020.
Proprietary investment saw revenue of VND9 billion and profit before tax of VND514 billion, an increase of 20 per cent and 30 per cent. In the final quarter the company increased its holdings in TCB, VPB, MBB, and IJC, and reduced its position in SCR and DIG. … [Read more...] about Viet Capital Securities revenues, profits up sharply
Dr Su Ngoc Khuong, director of Savills Viet Nam, said while 2020 was a year of challenges due to the pandemic the property market not only proved resilient but even achieved high growth in some segments like industrial property. … [Read more...] about More efforts needed to realise VN’s huge cloud computing potential: analysts
Oil and gas group also suffered, such as Vietnam National Petroleum Group (PLX), down 3 per cent, Binh Son Refining and Petrochemical (BSR) falling 5.6 per cent, PetroVietnam Oil Corporation (OIL), dropping 6.3 per cent, PetroVietnam Drilling & Well Service Corporation (PVD), losing 6.6 per cent, PetroVietnam Technical Services Corporation (PVS), down 7.9 per cent, PetroVietnam Construction Corporation (PVC), down 9.6 per cent, PetroVietnam Coating Corporation (PVB), declining 10.4 per cent. … [Read more...] about Experts warn of correction in trading this week