Vo Quang Ha, deputy chair of the Handicraft and Wood Industry Association of Dong Nai, said foreign investors, especially China, have contacted local garment and textile and wood enterprises to negotiate capital contributions and share purchases. Under normal conditions, foreign investment together with the transfer of new technologies helps Vietnamese businesses increase their competitiveness. However, these days, foreign investors are targeting domestic businesses because of their low-priced stocks. Other countries in the world are also concerned about foreign investors taking advantage of plunging stocks and the volatile market conditions induced by the Covid-19 pandemic to acquire firms at low prices. … [Read more...] about Experts urge caution on M&A exploiting low share prices
U s electric vehicle 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
"These disinvestments were calculated in most of foreign investors' long-term strategies and were for profit booking when the stock market surged to a historic peak of 1,200 points," a senior market analyst told Viet Nam News on the condition of anonymity. … [Read more...] about Vietnamese companies thrive despite divestment of foreign shareholders
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