VN companies wary of listing overseas (11-07-2008) HA NOI — Vietnamese firms have long nursed a desire to list on overseas bourses, but they are becoming increasingly wary of doing so. Since the middle of last year, three giant corporations including Viet Nam Dairy Products (Vinamilk), Saigon Securities Inc (SSI) and the Corporation for Financing and Promoting Technology (FPT) seemed poised for listings abroad. But none of the corporations have announced further details on the listings, except for Vinamilk who recently confirmed that all procedures for their listing were completed. Vinamilk, which is now waiting for a reply from the Singapore Stock Exchange, previously planned to sell 5 per cent of its shares through the Singapore Stock Exchange. But worrying developments in both domestic and overseas markets is making many Vietnamese corporations reconsider plans to list overseas. A Vinamilk representative, who wanted to be anonymous, said he was worried about the increasing … [Read more...] about VN companies wary of listing overseas
HAVANA — A conference on trade, investment and exchange between Cuban and Vietnamese businesses was held in Havana last Friday under the framework of the 29th Havana International Fair (FIHAV). The event, organised by the Thai Binh Investment Trading Corporation and the Vietnamese embassy, aimed to introduce trade potential and promote economic and investment co-operation between Viet Nam and Cuba. Speaking at the event, Vietnamese Ambassador Vu Chi Cong said that despite the US embargo against Cuba and the geographical distance between the two countries, Viet Nam had maintained and developed a multifaceted relationship with Cuba, making it Cuba's second biggest trade partner in Asia. Cong said the conference offered an opportunity for the two countries' businesses to devise measures and action plans to promote bilateral trade exchange and business cooperation. Director of the Cuban Centre for Promoting Foreign Trade and Investment (CEPEC) Raisa Costa Blanco said Cuban … [Read more...] about Cuban, VN companies look to boost trade
VietNamNet Bridge - Of the Forbes' list of 200 best companies in Asia with revenues under $1 billion in 2013, there are 10 businesses from Vietnam, up by two from 2012. The list was released by Forbes Asia in Singapore on August 1 shows that China (including Hong Kong) continues to lead with 63 businesses. Taiwan also has up to 26 firms, ranked second. Meanwhile, Japan has 17 companies compared with 4 or less in the previous years. "The results also suggest positive outlook for recovery of the Japanese economy," said Forbes Asia editor Tim Ferguson. Forbes Asia's editors, drawing on databases of 15,000 stock-traded companies in Asia-Pacific with revenues between $5 million and $1 billion, winnowed the choice to 873 that satisfied the following criteria: five-year average return on equity and pretax margin greater than 10%, positive sales and earnings per share growth for both the most recent fiscal one and three-year periods, debt less than 75% of shareholders' equity, and a … [Read more...] about 10 VN companies in Asia’s 200 best companies with sales under $1bil.
VN companies earn higher credit ranking (17-09-2008) HA NOI — A total of 117 of 293 listed companies in Viet Nam scored the highest possible ranking for creditworthiness last year, by the Credit Information Centre and leading global credit-rating corporation Dun&Bradstreet. The findings were released in a report yesterday, marking an increase of 23.16 per cent over 2006. This means that as predicted two weeks ago, 40 per cent (39.93 per cent to be exact) of listed Vietnamese companies are rated at the highest level. And about 80 of the 117 highest-rated firms were from HCM City Stock Exchange. In addition, 170 stock-market companies were classified as having a "good creditworthiness level" somewhere between triple "A" and triple "B." The remainder scored average levels. "We aim to provide investors with adequate information on listed firms through the ratings, although they are not perfect," said Dao Quang Thong, Deputy Director of CIC. "Our local stock exchanges are based on … [Read more...] about VN companies earn higher credit ranking
Experts at the merger and acquisition forum held recently in HCM City discussed reasons behind the failure as well as success of M&A (Merger and Acquisitions) deals. Two of those experts speak about the situation. Christopher Kummer, president of Institute of Mergers, Acquisitions and Alliances (Austria) Why do M&A transactions fail so often? The reasons are manifold; the proposed critical success factors for M&As are as numerous as the consultants, managers and academics in the field. The fact that change is happening all the time, in addition to the interdependency of factors, can add complexity to the mix and cause significant problems. This is far from being well understood; otherwise, the success rate of M&As would have improved drastically as a result of defining these success factors. In addition, the reasons for M&A failures are not clear. We see that the impediments of unrealistic expectations, over-confidence, promoters and external advice, distrust and … [Read more...] about VN companies master mergers, acquisitions