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Update news Lotte
VietNamNet Bridge – Vietnamese goods have been exported to many countries, but they still find it easy to enter overseas supermarkets.
Vietnam's advertising wakes up to a changing industry; Electricity market on the horizon in Vietnam; Lotte trade centre put into use in Binh Duong; Credit institutions asked to deal with bad debts
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.
The merger and acquisition (M&A) deals Lotte concluded recently shows its ambitious investment plan in Vietnam.