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Update news Bibica
VietNamNet Bridge - Many Vietnamese tycoons have won battles with foreign businesses, successfully preventing foreigners’ hostile takeover attempts.
VietNamNet Bridge - Though the growth of the sweets market has slowed down, it is still attracting investors.
VietNamNet Bridge - Vietnamese investors develop their businesses well in the beginning stages of growth, but have difficulty after expansion, analysts say.
VietNamNet Bridge - In many ‘duels’, it is not the foreign giants with powerful financial capability and experience, but rather the Vietnamese conglomerateswho are the winners.
Twenty areas in HCM City have seen rapid subsidence, while the other 40 sites are subsiding at a slower rate, according to the HCM City Department of Natural Resources and the Environment.
There is no debt trading market in Vietnam which is professional and large enough for businesses to trade debts. Debts have been either lying still, thus causing big losses to involved parties, or have been transferred around.
VietNamNet Bridge - More and more listed companies have asked for permission to give larger room to foreign investors in their businesses, a move which is expected to lead to a new price increase wave.
VietNamNet Bridge - The continued sharp fall in the oil price has caused investors to hesitate starting the oil refinery projects they promised. Sources said some investors may give up the projects.
VietNamNet Bridge - Pham Chi Lan, a renowned economist, talked before the business community on February 24 about how the Vietnam 2035 report was prepared.
VietNamNet Bridge - Non-state universities are concerned that they will not find students once the new enrollment policy is applied. It allows schools to apply many different methods to enroll students, and has no floor mark for junior colleges.
VietNamNet Bridge - The machine uses acetylene and plasma to cut metals via computer numerical control (CNC). This is a product created by a creative business owner in Tien Giang Province.
VietNamNet Bridge - The market share of Vietnamese sweets manufacturers is getting smaller.
VietNamNet Bridge - Archcafe’s success story of penetrating convenience stores shows that innovation in the beverage market can bring great success.
VietNamNet Bridge - As Kinh Do has sold its sweets manufacturing division to the US firm Mondelez, Vietnam has no company that can compete with foreign manufacturers in the sweets market.
Lotte Confectionery Co., Ltd. (Lotte) is now the main shareholder of Bibica Corporation (BBC) after its main counterweight SSI sold its entire holding.
VietNamNet Bridge – The marriage between local confectionery producer Bibica and Korea’s Lotte Confectionery Co. Ltd. turned from bad to worse as Bibica on last Wednesday raised its voice to reject information announced by its partner.
Vietnamese businesses, which are thirsty for capital, want to call for foreign capital to improve the business situation. However, they fear that they may become the aiming points of the foreign companies’ hostile takeover plans.
Truong Phu Chien, General Director of Bibica, a sweets manufacturer, has officially admitted that Bibica made a right move when signing the cooperation contract with Lotte which has exposed its attempt to swallow Bibica.