Nationalist leader who wanted a reunited vietnam free of foreign occupation

Localisation favoured by overseas banks, Photo Shinhan Bank Vietnam Shinhan Bank last week expanded its footprint in Vietnam by opening three new branches in the country’s two most populous cities, solidifying its position as the largest foreign lender currently active in the Southeast Asian nation. The bank said it has established a new branch in Hanoi, in addition to two branches in Ho Chi Minh City. This brings the total number of the bank’s offices in Vietnam to 46. “The new branches help us to maintain the largest sales network in Vietnam among all foreign banks operating there,” the bank said. “We expect that such a network will build a friendlier brand image across Vietnam, and in that regard, we will strive to offer better services.” In May, Shinhan Financial Group announced an agreement, worth roughly $90 million, to acquire a 10 per cent stake in Vietnam’s e-commerce platform Tiki. Its two units, Shinhan Bank and Shinhan Card, purchased 7.44 and 2.56 per cent … [Read more...] about Localisation favoured by overseas banks

Nguyen Quang Hoa, director of Duong Vu Co., Ltd., is busy collecting rice from localities, and even from across the land border in Cambodia, to meet the orders of animal feed producers. Domestic rice is being used more, but companies do not want it to be a long-term answer. Photo: Le Toan “The average orders are 30,000 tonnes per month, and over 10,000 tonnes ordered by C.P. Vietnam. The order volume has recently increased due to the escalation in prices of corn and wheat,” Hoa said. Some orders of rice volume are much larger than those figures, and so the company is making efforts to meet the demand of producers, according to Hoa. Japfa Comfeed, GreenFeed Vietnam Corporation, and New Hope Vina Co., Ltd. are also buying rice closer to home in order to offset the shortage of imported materials. In the first six months of this year, Vietnam garnered nearly 8.5 million tonnes of materials for animal feed production, equalling $3.7 billion in value. These figures have … [Read more...] about Feed producers seek alternative sources to save on costs

In late July, PC1 Group JSC, a Vietnamese group operating in power construction, energy, and property, signed a contract to buy the entire stake in Singapore-based Nomura Asia Investment Vietnam (NAIV). M&A heating up in industrial real estate, illustration photo NAIV holds 70 per cent of charter capital at Nomura-Haiphong Industrial Zone Development Corporation, thus after the deal, PC1 will replace NAIV in operating Nomura-Haiphong Industrial Zone (NHIZ). This transaction is a part of PC1’s plan to develop industrial real estate to add to its funding strategy and gradually develop the group’s ecosystem. “Through merger and acquisition (M&A) transactions, PC1 will take advantage in terms of clean energy solutions to upgrade its partners’ existing IZs to eco-equivalents. We will also cooperate with partners to develop new eco-IZs to meet the demand of investors,” a PC1 representative said. For example, at NHIZ, PC1 plans to install clean energy solutions for … [Read more...] about M&A heating up in industrial real estate