Tag Archive for ‘M&A’

FDI to Vietnam is mostly from Asia, with South Korea ranked first

The great advantages of Vietnam’s business environment and its membership in FTAs and the AEC have helped to attract many investors from Asia. The Ministry of Planning & Investment (MPI) report said that in the first eight months of the year, foreign investors pledged to invest $23.36 billion in Vietnam, an increase of 45 percent […]

Securities Companies In Vietnam Trying to Brave Storm

Up to 56 out of over 100 securities companies in Vietnam reported losses in the third quarter of 2012. Securities brokerage houses suffered a combined net loss of VND212 billion but the earnings reached VND1,100 billion in the first nine months. Many have to restructure to survive in the raging storm. Total revenues of 100 securities companies grossed VND2,107 billion in the third quarter, totaling VND7,864 billion in the three quarters. They suffered from a combined loss of VND212 billion in the third quarter but still earned VND1,100 billion of profits in the January – September period…

M&A: Which Are Big Fish And Little Fish In Vietnam?

In recent years, the slang term “big fish eats little fish” is commonly used among the Vietnamese business community and media. The big fish mostly referred to are foreign companies while the little fish denotes a domestic enterprise. However, that is not everything. In that seemingly unequal battle for market share, there are still Vietnamese […]

Some notable M&A deals between Japanese and Vietnamese firms

* DIAIF Fund announced its purchase of 25 percent stake in Nutifood. * Daio Paper Corporation (Daio) and BridgeHead Investment Fund (under Development Bank of Japan) hold 48 percent stake in Saigon Paper JSC. * Unicharm Group acquired 95 percent stake in Diana. * Japan-based Sojitz Group bought 51 percent shares of Huong Thuy Production Service and Trading Joint Stock Co, a large food retailer in Vietnam. The company has a transport network nationwide with 12 transit facilities, specializing in providing food and drinks for about 40,000 stores. * Veglia Laboratories Co together with another Japanese partner acquired 20 percent stake in Viet Esco Co, an…

Vietnam’s Bank Chief To Be Queried Over Irresponsible Comment

Nguyen Van Binh, governor of the State Bank of Vietnam, has received 361 requests from National Assembly delegates to make a formal explanation on Tuesday over a statement he made last week. With such number of requests, Binh is the Government member having received the most questions after stating “as the governor of the State Bank of Vietnam, I could not promise anything about the handling of non-performing loans (NPL), or bad debt,” in a National Assembly (NA) meeting…

Chucking out Disqualified Stocks in Vietnam

The Hochiminh Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX) are lackluster as the prolonged downward spiral is yet to end soon…

Some more Vietnam banks to undergo restructuring

VietNamNet Bridge – More commercial banks have got the go-ahead from the State Bank of Vietnam on their restructure plan. The central bank has frankly said that it has put the banks into the list of banks to be restructured because the said banks have weak liquidity. The State Bank of Vietnam (SBV) confirmed at the press briefing late last week that GP Bank, Navibank, Trust Bank and Western Bank would be added into the list of the banks to undergo the restructuring from now until the end of 2012. The reports released by the banks show that their bad…

Restructuring of some Vietnam banks likely to be taken up within this year

Restructuring plan for ailing banks from now till the end of this year is gradually revealed. At a press conference late last week, representatives of the State Bank of Vietnam (SBV) officially confirmed that Global Petroleum Commercial Joint Stock Bank (GP.Bank), Nam Viet Commercial Joint Stock Bank (Navibank), Great Trust Commercial JS Bank (TrustBank) and Western Commercial Joint Stock Bank (Western Bank) are in the list of weak banks that have to restructure from now until the end of 2012. The central bank said that these banks have to reorganize because of their weak liquidity position. Although according to the…

HP.ITA Corporation Engages Auditors to Perform Financial Audits to Go Public in the U.S. Stock Market

HP.ITA Corporation. a Nevada corporation founded in 2004, announced today that the Company has engaged PLS CPA, an independent San Diego-based PCAOB-registered auditing firm, to perform the audit of the Company’s financial statements. HP.ITA Corporation (fka Provimex, Inc.), a Nevada corporation founded in 2004, announced today that the Company has engaged PLS CPA, an independent […]

Insider Reveals Info Behind Sacombank Acquisition

Around six months after the successful acquisition deal of Sacombank, Eximbank’s Chairman Le Hung Dung, representing the group of major shareholders involved in the M&A deal, shared some interesting backstage information about the deal with Dau Tu Chung Khoan newspaper. Tuoitrenews provides the English translation of his Vietnamese interview: Early in 2012, the Vietnam Export-Import […]