VietNamNet Bridge – Some real estate developers have decided to invest in agriculture, usually considered a risky and unprofitable business field. This is seen as a positive sign by some, but others see the trend as worrisome. The 2013 finance report of Hoang Anh Gia Lai showed that sugar projects brought VND840 billion in turnover just after the first year of implementation. The group has a vast sugar cane growing area of up to 10,000 hectares and a sugarcane pressing plant with the capacity of 7,000 tons of sugarcane per day. Duc Long Gia Lai, the group well known for its real estate and hydropower plant projects, has surprised the public with the announcement that agriculture production will be one of its main business fields. Duc Long Gia Lai has set up a subsidiary, Duc Long Gia Lai Agriculture, with the chartered capital of VND360 billion, which would develop projects to grow maize, sugarcane and rubber. Thu Duc House is reportedly boosting forestry exports to … [Read more...] about Real-estate companies rush to invest in agriculture: a good sign or worrying trend?
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PV Gas plans to invest in gas projects abroad Van Nam By Van Nam - The Saigon Times Daily HCMC – PetroVietnam Gas Corporation (PV Gas) has unveiled a plan to invest in gas projects overseas in 2020 to ensure that Vietnam could get 5-10 billion cubic meters of gas a year from 2025 to meet domestic demand. The overseas gas projects are part of a development plan of PV Gas until 2025 with a vision toward 2035. The energy firm aims to become the fourth biggest in Southeast Asia in 2025 in terms of gas output and join a list of strong gas corporations in Asia with total assets of VND128 trillion (US$5.71 billion) compared to the current VND53 trillion (US$2.37 billion). Regarding gas exploration, PV Gas said it will invest in both domestic and foreign gas projects to boost gas supply for the domestic market. The company targets total gas output of nearly 60 billion cubic meters in the 2016-2020 period and 300 billion cubic meters in the 2016-2035 period. PV Gas aims to increase … [Read more...] about PV Gas plans to invest in gas projects abroad
VietNamNet Bridge - Private equity funds (PE) in Asia plan to invest billions of US dollars in Vietnamese companies, creating fierce competition between these funds. VOF of VinaCapital and its Japanese partner - Daiwa PI Partners - funneled $45 million into the international dairy product company (IDP), which owns Ba Vi milk brand. For Peter Sorensen, CEO of ABB Vietnam Consulting JSC, 2015 was an exciting year of Vietnam on mergers & acquisition (M&A) activities, as well as the busiest year of ABB since its formation. However, he expects that the number and value of M&A deals will grow strongly in the coming time. As an active consultant in the field of M&A, ABB has recognized the great interest of foreign investors in the fields of retail, distribution, FMCG, agriculture and financial services. Thailand, Japan and South Korea are the countries with the greatest demand in these sectors. In 2016, the active participation of PEs for M&A activities impressed Peter … [Read more...] about The billion USD race to invest in Vietnamese firms
Hanoi Times – The year 2008 is a good chance for foreign investors to launch business activities in Vietnam despite potential risks, said a senior executive from the BIDV-Vietnam Partners Investment Management Joint Venture Company (BVIM). BVIM General Director Bradley Lalonde delivered the message at a seminar opened in Ho Chi Minh City on April 8, pointing out positive changes in the country’s economic structure, more open investment policies and strong development of financial institutions as clear evidences. The executive forecast that some 2,000 firms will list shares on Vietnam’s stock market and its capital is likely to increase to US$ 200 billion within the next five years. However, Lalonde said, BVIM and other investors, particularly newcomers are keeping an eye on the government’s move to control inflation, manage the capital market and ensure stability of the investment policies. These are factors that have decisive impacts on … [Read more...] about 2008 – a good chance to invest in Vietnam
Although the Vietnamese government has announced that its investment firm SCIC plans to invest in Korean giant Samsung Electronics, SCIC says that the move will be difficult and is far from being done. The government office on February 15 announced that Deputy Prime Minister Hoang Trung Hai said that “the State Capital Investment Corporation (SCIC) in the coming time will work with Samsung to contribute capital, acquire shares or invest in the Korean firm.” But a representative from SCIC told news website thoibaokinhtesaigon that if Samsung – now the biggest foreign investor in Vietnam -- and SCIC cooperate, it would be Samsung and its subsidiaries that will buy shares in companies managed by SCIC or from which SCIC wants to divest. It would be very difficult for SCIC to acquire Samsung shares or invest in Samsung, he said. In its announcement, the government asked the Ministry of Planning and Investment to cooperate with other ministries and departments to choose … [Read more...] about Vietnam’s plan to invest in Samsung at a standstill