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...]

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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


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


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


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


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


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


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...]


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...]

Semen Gresik acquires 70 per cent stake in Thang Long

HA NOI (VNS)— Indonesian cement producer Semen Gresik has bought a 70 per cent stake in Thang Long Cement fromthe Ha Noi General Export-Import Joint Stock Company (Geleximco). The deal will raise the charter capital of Thang Long Cement from VND1.570 trillion (US$74.7 million) to VND4.2 trillion ($200 million). The cement producer, which has a total production capacity of 2.3 million tonnes per year, is based near the deep-sea port of Cai Lan in the northeastern province of Quang Ninh.=VNS … [Read more...]

Projects get cement shoes


Continuing economic uncertainties have pushed cement plants into a corner. The Halong cement project, developed by Song Da Group's Ha Long Cement JSC, reported initial investment capital of VND4 trillion ($190.4 million). … [Read more...]

Local firm boosts cement export to Cambodia


Van Nam Mai Anh Tai from Thang Long Cement told the Daily last Saturday that the grinding station has exported around 5,000 tons and some 2,000 tons of cement to Cambodia and Indonesia every month respectively since the year’s beginning. … [Read more...]

“Continued macroeconomic stability will require that sound macroeconomic policies be followed in 2014,” Mr. Sanjay Kalra

(CPV) -On the occasion of Lunar New Year's Day 2014, the Year of Horse, reporter of the Communist Party of Viet Nam Online Newspaper interviewed Mr. Sanjay Kalra, IMF Resident Representative for Viet Nam, on the prospect of Viet Nam's economy and Viet Nam - IMF relations in the past 20 years. Here is the full-text of the interview: Reporter: The IMF has forecast that the world economy will continue to face many difficulties by 2014. Thereby, Vietnam's GDP growth in 2014 will slip from 6.4% to … [Read more...]

Communist newswire offered in Chinese

HA NOI (VNS) — The Communist Review newswire launched a Chinese-language version in Ha Noi yesterday so that Chinese speakers can understand Viet Nam's guidelines and policies. The site, at will cover breaking news in politics, Party building, socio-economics, culture and world issues, especially national construction and defence. It also aims to strengthen mutual understanding between the two Parties, States and peoples, thus boosting the traditional friendship and … [Read more...]

About 29 people in Vietnam get HIV every day

An average of 29 people contracted HIV every day in the first five months of this year, announced a meeting yesterday in Ha Noi. Bac Ninh, Gia Lai, Lai Chau and Nghe An saw more HIV infections than last year.

About 29 people in Vietnam get HIV every day Speaking at the meeting, Deputy Prime Minister Nguyen Xuan Phuc, who is also chairman of the Vietnam National Committee for HIV/AIDS, Drugs and Prostitution Prevention and Control, said that Viet Nam faced a challenge due to reduced international financial support, which heightened the risk of infection for previously low-risk individuals. He encouraged social organisations to continue contributing to the fight against HIV/AIDS. Viet Nam has … [Read more...]

One policeman dead, two injured in shooting

DONG NAI (VNS)- A shooting at Suoi Tre traffic police station yesterday in southern Dong Nai Province left one policeman dead and two seriously injured, according to a report on the VOV (Voice of Viet Nam) Online Newspaper. Major Tran Van Son, deputy director of the police station, was hit twice in the abdomen and died two hours later at the provincial Long Khanh General Hospital. Two of the injured, Senior Lieutenant Doan Thanh Phu and Captain Ngo Van Vinh received treatment at the … [Read more...]

Mobile phone exports to hit $20b

The Ministry of Industry and Trade forecasts that the export of mobile phones and their spare parts may exceed US$20 billion this year.— Photo baohaiquan

HA NOI (Biz Hub)— The Ministry of Industry and Trade forecasts that the export of mobile phones and their spare parts may exceed US$20 billion this year, according to the Communist Party of Viet Nam online newspaper. In the first four months of this year, mobile phone exports reached $5.97 billion, a year-on-year rise of 97.26 per cent. This enabled telephone exports to overtake garments and textiles as the largest export commodity. In 2011, mobile phone and component exports soared to $6.8 … [Read more...]


Restructuring of State-run firms faces challenges Restructuring of a number of State-owned enterprises has been delayed due to problems of redundant workers, collecting past-due debts and writing down losses, said deputy head of the Government Office and vice chairman of the Steering Committee on Business Renovation and Development, Pham Viet Muon. Muon told a meeting held here Wednesday by the Government Office and the World Bank that the process of equitising State-owned enterprises (SOEs) … [Read more...]

WTO membership boosts economy


HCM CITY — Viet Nam has made great strides in all aspects of its economy in the five years since it became a member of the World Trade Organisation, experts told a conference in HCM City last week. More than 200 economists, policy makers, and business executives attended the conference titled "Five years after joining WTO - integration and development of Vietnamese enterprises" organised by the Communist Party of Viet Nam online newspaper and Industry and Trade newspaper. After the country … [Read more...]