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Update news Thai businessmen
VietNamNet Bridge - The Gioi Di Dong (Mobile World), the largest mobile phone distribution chain, shut down its 22 shops at Big C Vietnam after the retailer fell into Thai hands. Cdiscount, an e-commerce website, will stop operation from December 31.
VietNamNet Bridge - Sanan Angubolkul, Chair of the Thailand-Vietnam Business Association, has called Vietnam the ‘darling of the world’, meaning that it has become quite attractive to foreign investors.
VietNamNet Bridge - The four Asian giants predicted to be able to change the face of some industries and economic branches in Vietnam include CJ Group (South Korea), Ayala (the Philippines), SCG (Thailand) and Central Group (Thailand).
VietNamNet Bridge - At least $5-6 billion is the budget Thai SCG plans to spend on merger & acquisition (M&A) deals in Vietnam from now to 2020.
Thai conglomerates are running a race to buy Big C supermarkets in Vietnam and Thailand from French Casino Guichard-Perrachon SA, according to the Ministry of Industry and Trade’s Commercial Division in Thailand.
VietNamNet Bridge - Thai businesses are believed to be the most active investors in Vietnam pouring capital into Vietnam to prepare for the ASEAN Economic Community (AEC), which takes effect in late 2015.