Vietnam business visa application

Hanoi (VNA) - The Masan Tungsten Company Ltd., a wholly-owned subsidiary of the Masan Resources Corporation (MSR), has completed the legal steps to acquire the tungsten business of Germany’s H.C. Starck Group GmbH, according to the corporation. The transaction is a strategic step in executing MSR’s vision of becoming a leading global vertically-integrated high-tech industrial materials platform. This will enable the company to generate strong and consistent cash flows across price cycles and expand its addressable market by 3.5 times, from 1.3 billion USD to 4.6 billion USD. MSR expects to become a leading midstream tungsten products supplier across critical industries such as mechanical engineering and tool making, mining, automotive, energy, aviation, and chemicals. The transaction aims to create a global high-tech industrial company of scale in Vietnam and, more importantly, enhance the country’s competitive edge in the global tungsten market by owning a … [Read more...] about Masan Resources completes acquisition of German firm’s tungsten business

HCM City (VNA) - Many Vietnamese businesses conducted successful mergers and acquisitions (M&As) in 2019 and 2020 but the market was still led by foreign investors, the Vietnam M&A Forum in HCM City on November 24 heard. Outstanding M&A deals since 2019 include those between KEB Hana Bank and BIDV, VinaCapital and the Thu Cuc Hospital, Masan Consumer and VinCommerce & VinEco, the Stark Corporation and Thipha Cables & Dovina, FWWD and VCLI, and Vinamilk and GTN. Most deals between June 2019 and October 2020 were in the real estate, finance and banking, industry, and retail sectors, with major M&As also seen in logistics, agriculture, pharmaceuticals and healthcare, and construction. M&As by Vietnamese enterprises accounted for one-third of the total value during the period. Foreign investors, however, especially those from Japan, the Republic of Korea, Thailand, and Singapore, still dominate the local M&A market. For example, 19 deals between … [Read more...] about Foreign investors still dominate Vietnam’s M&A market

Hanoi (VNA) – The lists of the most reputable players in Vietnam’s logistics sector this year were released by the Vietnam Report JSC on November 24. The lists cover several sub-sectors, such as international forwarding, warehouse services, and third- and fourth-party logistics; freight transport; port operations; and rapid delivery and last-mile delivery. The top 10 businesses in international forwarding, warehouse services, and third- and fourth-party logistics are the Gemadept JSC, the Indo Tran Logistics Corporation, the DHL Global Forwarding (Vietnam) Corporation, the Transimex JSC, the Expeditors Vietnam Co. Ltd, the Schenker Vietnam Co. Ltd, the Kuehne Nagel Co. Ltd, the Bee Logistics JSC, the South Logistics JSC, and the Vinafreight JSC. The rankings were compiled based on companies’ financial capacity, as reflected in their financial reports; media reputation, as assessed by media coding methods that encode articles about companies on influential media … [Read more...] about Vietnam’s best logistics firms in 2020 announced

Hanoi (VNS/VNA) - Vietnam has been ranked second after the US on a list of the world's most active, dynamic and potential markets for merger and acquisition (M&A) deals this year. According to the latest M&A Investment Index compiled by research firm Euromonitor, Vietnam's standing had increased from last year. Vietnam was listed among a group of countries with positive M&A prospects together with China, the Philippines, Taiwan and Saudi Arabia. Euromonitor forecast that Vietnam would retain its position in the top 20 countries with the highest investment M&A index in 2021, surpassing China and Indonesia. According to the report, Vietnam was also in the top five markets with the fastest M&A growth performance in the world, behind Singapore, Ireland, the Philippines and Qatar. The driving force behind M&A deals in Vietnam and other countries in Southeast Asia was a result of foreign investments shifting from … [Read more...] about Vietnam ranks second on M&A potential list

“I think that Vietnam’s successful handling of the COVID-19 crisis has shown to many international buyers looking for places to produce or suppliers that Vietnam is really a place to do business,” he said on the sidelines of the Business Matchmaking Conference for Automotive, Electronics, Mechanical Industry 2020 in Hanoi on November 25. … [Read more...] about COVID-19 pandemic improves Vietnam’s chance to enter global supply chain: ILO expert