Thanks to trade liberalisation and an investment in human and physical capital, there has never been a better time to do business in Vietnam. In order to further support marketing communications activities, Ogilvy Vietnam has launched the Ogilvy Content Studio in the format of an immersive and interactive exhibition entitled “Expansion of the Content Universe” Vietnam is a highl-attractive target for foreign investment Vietnam has risen in the World Economic Forum’s Global Competitiveness Report and the World Bank’s Ease of Doing Business rankings. The Vietnamese government has also signed a number of bilateral and regional free trade agreements. This will stand the country’s economy in good stead, allowing it to tap into global lucrative consumer markets and bring in foreign investment. Previously centred around manufacturing, foreign direct investment (FDI) is now diversifying, most recently favouring the real estate … [Read more...] about Vietnam’s new brand building arena
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Property firms opt for bonds as bank loans dry up
Earlier, in August, Vingroup issued 84 million preference shares on a private offering basis to Hanwha Viet Nam Opportunity Private Fund 1 for over VND9.3 trillion ($400 million). — Photo Vingroup Last month, property developer Vingroup unveiled plans to sell 20 million non-convertible bonds at VND100,000 (US$4.39) each in two phases without any covered warrants or guaranteed assets. The total value of the issuance will be VND2 trillion ($87.8 million), and, according to Vingroup, it will help partly repay its bank loans and achieve its financial targets. Earlier, in August, Vingroup issued 84 million preference shares on a private offering basis to Hanwha Viet Nam Opportunity Private Fund 1 for over VND9.3 trillion ($400 million). A Vingroup spokesperson said the majority of the money raised from that issuance would be used for the company’s housing and social infrastructure projects. Also in August, a subsidiary of Vingroup, Vinhomes, issued 20 million three-year bonds … [Read more...] about Property firms opt for bonds as bank loans dry up
BUSINESS NEWS IN BRIEF 10/10
VinaCapital officially ends investment in poultry firm Ba Huan Ba Huan JSC, the country's leading pasteurized eggs and poultry meat producer, has decreased its charter capital from VND280 billion (US$12 million) to VND222 billion (US$9.53 million), effectively ending the involvement of VinaCapital, one of the two largest asset management firms in Vietnam, with the company. This results in an increase in the stake holding of domestic shareholders from 66.2% to 83.6%, of which Ba Huan's Director Pham Thi Huan owns 64%. In Feburary, VinaCapital`s flagship fund Vietnam Opportunity Fund (VOF) invested US$32.5 million to acquire a significant minority stake in Ba Huan. However, in early July, Ba Huan sought Prime Minister Nguyen Xuan Phuc's intervention in terminating its partnership with VinaCapital. The firm said there were differences between the English and Vietnamese versions of the agreement and the terms were not what the two parties had agreed initially. Among … [Read more...] about BUSINESS NEWS IN BRIEF 10/10
BUSINESS NEWS IN BRIEF 2/9
Agro-forestry-fishery exports generate 25.7 billion USD in 8 monthsThe agro-forestry-fishery sector raked in 3.13 billion USD from exports in August, raising the total value in the first eight months of this year to 25.7 billion USD, up 7.3 percent year-on-year. According to the Ministry of Agriculture and Rural Development, the best performers in the period included rice, fruit and vegetables, key forestry products and seafood. Exports to major markets like the Association of Southeast Asian Nations (ASEAN), the Republic of Korea (RoK), China, the US and Japan increased significantly over the past eight months. The country exported about 4.4 million tonnes of rice worth 2.2 million USD between January-August, up 6.8 percent in volume and 22.1 percent in value from the same period last year. In August alone, 441,000 tonnes valued at 209 million USD was shipped abroad. China remained Vietnam’s largest rice importer, making up 24.7 percent of the market … [Read more...] about BUSINESS NEWS IN BRIEF 2/9
BUSINESS NEWS IN BRIEF 3/8
JLL reports on real estate M&A in first half Vietnam’s real estate market continued to exhibit irresistible appeal among foreign investors in the first half of 2018 and continued to witness high-value merger and acquisition (M&A) transactions in a variety of sectors such as residential, commercial, and industrial, according to Ms. Khanh Nguyen, Associate Director, Capital Markets, Vietnam, at JLL. Joint ventures have become popular among foreign developers who have strong financial capacity and track record, with them joining forces with local developers who own land and have strong connections with the local community. Foreign investors are from many different countries, such as Japan, South Korea, and Singapore, and with an increasing number of groups from Mainland China. JLL observes that there is an increasing number of local investors who are actively seeking real estate deals alongside foreign investors. 2018 started off with the acquisition of Sun Wah office tower … [Read more...] about BUSINESS NEWS IN BRIEF 3/8