Thai investors quietly acquires properties in Vietnam

Covid-19 cannot deter Thai investors from implementing their plans to acquire Vietnam’s businesses.

Siam Cement Group (SCG), which operates in three major business fields including cement-building materials, petrochemistry and packaging, has stated it would join forces with Japanese Rengo to acquire Vietnamese Bien Hoa Packaging company.

Thai investors quietly acquires properties in Vietnam



This is a long lasting enterprise manufacturing carton and offset packaging for food and beverage companies with a capacity of about 100,000 tons per year. It reported revenue of VND1.7 trillion in 2019.

In Vietnam, packaging paper accounts for nearly 50 percent of total paper consumption. According to the Vietnam Pulp and Paper Association (VPPA), the demand for packaging paper would see a relatively high growth rate of 14-18 percent per annum in the next 5-10 hears.

Under the development strategy of the industry, the packaging paper output would reach 6 million tons by 2025, or twice as much as 2019.

Under the development strategy of the industry, the packaging paper output would reach 6 million tons by 2025, or twice as much as 2019.

 

Siam Cement, one of the biggest packaging suppliers in Southeast Asia, believes that the acquisition of Bien Hoa will help it compete well with other rivals such as Kraft Vina and Lee & Man.

Another noteworthy deal made by Thai investors was the acquisition of Thinh Phat Cable JSC and Dong Viet Plastics Color Metal JSC. Stark Corporation PCK spent the record high amount of $240 million to take over the two enterprises at the same time.

Established in 1987 with the factory located in Long An province, Thinh Phat JSC is well known thanks to the cable supplier of the national 500 KV, 220 KV and 110 KV electricity transmission networks and the power line undergrounding programs in large cities, energy projects in rural areas funded by WB and ADB.

Meanwhile, Dong Viet focuses on making copper and aluminum wire and bars and processing PVC and XLPE products. It is a subsidiary of Thinh Phat Group.

With the M&A deal, Stark Corporation would have the opportunity to access Thinh Phat’s large existing custom and participate in the nation’s key infrastructure projects, such as Long Thanh Airport, smart cities, highways and subways under execution in many provinces and cities.

As an energy thirsty country, Vietnam has been eyed by many Thai investors. Super Energy Corporation has spent $457 million to buy four solar power projects in Vietnam. These are the projects belonging to the Loc Ninh energy center developed by the Electricity of Vietnam (EVN) with the total installation capacity of 750 MW.

In the retail industry, Central Group has stated it will spend $500 million more to expand the retail network in Vietnam, turning the market into an important link of the Central Group’s link, which is expected to make up 25 percent of the group’s total revenue in the next five years.

Kim Chi 

Vietnam vows to 'catch' new FDI flow

Vietnam vows to 'catch' new FDI flow

Gaining great achievements in the fight against Covid-19 with membership in many FTAs, Vietnam can attract FDI but it is not the only country competing for projects.

ThaiBev denies rumors on stake sale of Vietnam’s No.1 brewer Sabeco

ThaiBev denies rumors on stake sale of Vietnam’s No.1 brewer Sabeco

ThaiBev affirms that Vietnam “continues to be one of ThaiBev’s core markets."

 
 

Other News

.
IFC helps boost green credit in Vietnam
IFC helps boost green credit in Vietnam
BUSINESSicon  14/07/2021 

The International Finance Corporation (IFC) has provided a 100 million USD long-term loan for the Orient Commercial Joint Stock Bank (OCB) to increase the private sector’s contributions to green and sustainable growth in Vietnam.

Businesses in HCM City, Long An suspend operations to prevent spread of COVID-19
Businesses in HCM City, Long An suspend operations to prevent spread of COVID-19
BUSINESSicon  13/07/2021 

Authorities in HCM City and Long An Province have suspended operations of a number of businesses so that epidemic prevention measures can be carried out.

Shares nosedive on panic sell-off
Shares nosedive on panic sell-off
BUSINESSicon  13/07/2021 

Vietnamese shares plunged on Monday as panic selling flooded the market, following surging COVID-19 cases, reinforcing fears of further economic pain from restrictions induced by the virus.

Vietnam is second-fastest growing stock market with multi-billion dollar records: report
Vietnam is second-fastest growing stock market with multi-billion dollar records: report
BUSINESSicon  13/07/2021 

The State Securities Commission (SSC) has reported that Vietnam was the second-fastest growing stock market in the first half of the year, despite the fourth Covid-19 outbreak.

Vietnam Airlines resumes several international routes as of mid-July
Vietnam Airlines resumes several international routes as of mid-July
BUSINESSicon  12/07/2021 

Vietnam Airlines announced on July 12 that it will reopen international routes from the country to a number of destinations in Asia, Europe, and Australia between July and October.

Banks make huge profits, hope interest rate reductions are far off
Banks make huge profits, hope interest rate reductions are far off
FEATUREicon  13/07/2021 

Banks have reported huge profits for Q2 and H1 due to high credit growth rates and lending interest rates, while capital mobilization cost has been low.

GDP still grows in midst of tribulations among the poor, businesses
GDP still grows in midst of tribulations among the poor, businesses
FEATUREicon  13/07/2021 

Do GDP calculations take into account the fact that a taxi driver gets poorer by 10 times more as he has to spend VND100,000 on nCoV testing a day, and informal workers have no access to cheap meals in HCM City?

Coal conundrum ahead forces Vietnam to rethink priorities
Coal conundrum ahead forces Vietnam to rethink priorities
BUSINESSicon  12/07/2021 

While the pressure on the environment and issues like climate change are increasing, it remains difficult for Vietnamese companies and the government to turn away from fossil fuels completely.

Debt under control thanks to prudent and effective actions
Debt under control thanks to prudent and effective actions
BUSINESSicon  12/07/2021 

Effective usage of the state budget has helped Vietnam succeed in bringing public debt under control since 2016, ensuring national financial security.

VIETNAM BUSINESS NEWS JULY 13
VIETNAM BUSINESS NEWS JULY 13
BUSINESSicon  13/07/2021 

Khanh Hoa proposes developing Van Phong-Nha Trang expy project

Vietnam spends nearly $2 billion importing meat
Vietnam spends nearly $2 billion importing meat
BUSINESSicon  12/07/2021 

Vietnam's total import turnover of livestock products in the first six months of 2021 is estimated at US$1.82 billion, a year-on-year increase of 8.9 per cent.

VIETNAM BUSINESS NEWS JULY 12
VIETNAM BUSINESS NEWS JULY 12
BUSINESSicon  12/07/2021 

Remittances to HCM City rise by 22.34% in first half of 2021

Businesses adapt to the pandemic, offer workers temporary housing
Businesses adapt to the pandemic, offer workers temporary housing
BUSINESSicon  12/07/2021 

Many businesses and manufacturers are finding ways to adapt to the COVID-19 pandemic, maintaining operations and keeping workers safe.

Bac Lieu prioritises renewable energy
Bac Lieu prioritises renewable energy
BUSINESSicon  11/07/2021 

The Mekong Delta province of Bac Lieu has chosen renewable energy as one of its top priorities, aiming to restructure the economy towards green growth and sustainable development.

Vietnam - top destinations for ASEAN companies looking for growth opportunities
Vietnam - top destinations for ASEAN companies looking for growth opportunities
BUSINESSicon  11/07/2021 

The country continues to offer appealing business and investment opportunities given its strong fundamentals.

Vietnam FTA portal to be upgarded
Vietnam FTA portal to be upgarded
BUSINESSicon  11/07/2021 

The Vietnam Free Trade Agreement Portal (FTAP) with people and businesses at the center of its service is aimed at improving the quality and efficiency of Vietnam's FTAs implementation.

Online investment apps offering choice and clarity
Online investment apps offering choice and clarity
BUSINESSicon  11/07/2021 

The stupendous surge of retail investors across the globe has prompted digitally-led investment applications and online platforms to develop, as they look to automatically optimise their passive indexed portfolios.

E-commerce platforms to be connected with tax agencies from next year
E-commerce platforms to be connected with tax agencies from next year
BUSINESSicon  10/07/2021 

E-commerce platforms must be electronically connected with tax management agencies from the beginning of next year, not from next month, as the tax watchdog aims to better collect taxes from sellers operating on the platforms.

Hoa Phat to boost digital transformation through strategic collaboration with CMC Corporation
Hoa Phat to boost digital transformation through strategic collaboration with CMC Corporation
BUSINESSicon  12/07/2021 

Hoa Phat Group has chosen CMC Corporation as a strategic consulting partner to help accelerate its digital transformation journey in the next 5 years.

Technology comes to aid of HCM City small retailers amid COVID challenges
Technology comes to aid of HCM City small retailers amid COVID challenges
BUSINESSicon  10/07/2021 

Within a few hours of offering to sell vegetables online, Thanh Truc sold out her stocks and had to refuse orders.

 
 
 
Leave your comment on an article

OR QUICK LOGIN