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Update news BJC
Many merger & acquisition (M&A) deals in Vietnam’s retail market have included buyers from Thailand.
VietNamNet Bridge - The first warning about the ‘Thai goods threat’ was given two years ago when Thai groups took over a number of retail chains in Vietnam.
Dien May Xanh’s purchase of Tran Anh, expected to be completed soon, is expected to restructure the home appliance market, just as the Central Group takeover of Nguyen Kim did in 2015.
Thai products have been flooding the market, with Thai billionaires taking over a number of Vietnamese retail chains.
VietNamNet Bridge - The huge assets worth $40 billion owned by three Thai billionaires will become larger thanks to the market of 90 million Vietnamese.
Experts have calmed the public down amid the worry that Thai retailers would dislodge Vietnamese goods from supermarkets, saying Vietnamese goods can stay in supermarkets if the quality and prices are good.
VietNamNet Bridge - The business fields that Thais have poured money to in Vietnam – infrastructure, building materials, retail, consumer goods, food and automobiles – are all fields with great potential.
VietNamNet Bridge – Thai group Berli Jucker’s (BJC) efforts to acquire Metro Vietnam supermarket chain faced opposition from the minority shareholder groups because they fear the financial and legal risks.
The HCMC Department of Planning and Investment has not received a proposal from Metro Cash & Carry Vietnam for transferring its wholesale chain in the country to Thailand’s Berli Jucker Public Co. Ltd. though the news about this broke last August.
VietNamNet Bridge – Thai billionaire Charoen Sirivadhanabhakdi, the biggest shareholder of Berli Jucker Group, may not be able to buy Metro Cash & Carry Vietnam as planned because the group’s shareholders have opposed the deal.
VietNamNet Bridge – Vietnamese suppliers are worried about their future contracts with Metro Cash & Carry, which has been bought by the Thai company Berli Jucker.