The year of 2013 is very special year for the relations between Vietnam and Indonesia

(CPV) -On the occasion of Lunar New Year's Day, the Year of Horse, reporter of the Communist Party of Viet Nam Online Newspaper interviewed Mr. Mayerfas, Indonesian Ambassador in Viet Nam, on the cooperation between Viet Nam and Indonesia and his opinion about Tet Festival in Viet Nam. Here is the full-text of the interview: Reporter:The cooperation between Vietnam and Indonesia is assessed as having good results. Could you please give us some details about these results, … [Read more...]

Bonanza year for local cement exports

Firms have exported cement to make up for slack domestic demandPhoto: Le Toan

Vietnam exported 13 million tonnes of cement and clinker by mid-December, a 65 per cent jump against the same period last year, with nearly 1.1 million tonnes per month sold abroad, according to Ministry of Construction estimates. At the current pace, Vietnam's cement exports this year are expected to reach a record 14 million tonnes, far exceeding the set target of 10.2 million tonnes. Thang Long Cement, based in the northern province of Quang Ninh, shipped 30,000 tonnes of bulk cement … [Read more...]

Vietnam to see big M&A activity in the next few years

The privatisation of Vietnam Airlines is a big opportunity for investors This information was given as a press release from the Vietnam M&A Forum held in Hanoi on July 16.

Vietnam will see big Merger and Acquisition (M&A) cases in the 2013-2017 period with the participation of privatised state-owned enterprises and foreign partners. M&A cases will continue focusing on industry, consumer consumption, finance, banking and real estate. Many investors have paid attention to the privatisation of Vietnam Airlines as well as the restructuring of MobiFone and VinaPhone. According to several experts, the Vietnamese M&A market could reach the value of around … [Read more...]

Thang Long Cement cements reputation

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Thang Long Cement has just completed exporting the second 10,500 tonne bulk shipment of cement to the Indonesian market. Thang Long Cement is one of the few manufacturers in Vietnam that can directly load bulk cement on to specialised vessels via a belt conveyor system. Thang Long Cement finished its strategy restructure last December by announcing the formal share acquisition of 70 per cent by PT. Semen Indonesia. The Indonesian shareholder hopes to raise Thang Long Cement's registered … [Read more...]

Thang Long Cement launches the new product

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Thang Long Cement Joint Stock Company has just introduced the new of product named "Cement PC50 - trademark Thang Long" produced by its plant in Quang Ninh province. The product Cement PC50 (OPC) - trademark Thang Long is the research and development finding of top-ranked engineer working at Thang Long Cement plant under the engineer supported by PT. Semen Indonesia - the core shareholder of Thang Long cement. The product "Cement PC50 - trademark Thang Long" is manufactured specially for the … [Read more...]

Domestic building material companies swallowed up by foreign groups

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VietNamNet Bridge - The frozen real estate market has put big difficulties on the domestic building material industry, but has brought the golden opportunities to foreign groups to take over domestic companies. A lot of M&A deals made The deal of Indonesian Sement Gresik buying back 70 percent of Thang Long Cement stakes from Geleximco, worth $230 million, has caused a shock to the public. The deal, wrapped up in late 2012, was the first deal carried out outside Indonesia by Sement … [Read more...]

More valuable Vietnamese brands fall to foreigners

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VietNamNet Bridge - There's a common thing in nearly all of the merger and acquisition (M&A) deals made recently--that the foreign partners target the leading companies in key business fields, striving to increase their ownership ratios there to penetrate more deeply into the large market with 80 million consumers. Vietnamese businesses are worth investments Most of the share transfer deals reportedly occurred with the enterprises in Vietnam's key industries, while most of the M&A … [Read more...]

Strategic investors manage to stay ahead of the curve

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Strategic foreign investors played a leading role in Vietnam's business arena last year as they hunted valued partnerships that leverage their business expertise. According to statistics compiled by VIR, in 2012's first 10 months, the total net foreign indirect investment (FII) inflows to Vietnam hit $1.3 billion. The figure was derived from indirect investment in the stock market or outside, including mergers and acquisitions (M&A) deals and foreign bonds. From November 1 to December … [Read more...]

Feet not in cement

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Indonesia's biggest cement producer PT Semen Gresik Tbk has acquired Geleximco's 70 per cent stake in Thang Long Cement. Although the two parties did not reveal the deal's value, but the Jakarta Post reported that Semen Gresik acquired a majority stake in Vietnam's Thang Long Cement for $157 million, in a move to expand the company's capacity for serving the region's growing demands. With the participation of Semen Gresik, Thang Long Cement's financial capacity will be increased with … [Read more...]

BUSINESS IN BRIEF 24/12

Logistics key to competitiveness With its export-driven economy, Viet Nam should prioritise investment in trade logistics to improve competitiveness, economists have suggested. Speaking at a consultative workshop on trade promotion, value creation and competitiveness on Wednesday, the World Bank economist Pham Minh Duc said it predicted the country's export volume would triple by 2020. However, poor commercial infrastructure and logistics services cost Viet Nam in terms of of time, money and … [Read more...]