Posts Tagged ‘ invest ’

TPG willing to invest $1 billion in Olympus 

January 14, 2012
TPG willing to invest $1 billion in Olympus 

A disassembled Olympus camera and its parts are seen in this illustrative photograph taken in Tokyo November 24, 2011. Private equity firm TPG Capital is willing to invest about $1 billion in Japan’s Olympus Corp in a joint deal with Sony Corp or another suitor circling the scandal-hit firm, a person familiar with TPG’s thinking [...]

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Just the start: analyst expects more bank mergers 

December 19, 2011
Just the start: analyst expects more bank mergers 

Vietnam needs to implement the restructure of both small and large banks in a drastic manner, an economist says. The central bank has approved the merger of three small banks – Ficombank, Saigon Commercial Bank, and Vietnam Tin Nghia Bank – that are mired in liquidity problems. The restructure of banks will continue for the [...]

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Poor infrastructure bane of Vietnamese tourism 

December 9, 2011
Poor infrastructure bane of Vietnamese tourism 

  There are many factors responsible for this, but the key reasons are: poor infrastructure, poor tourism promotion; and weak cooperation between travel agents and service providers. These combine to make tour prices in Vietnam less competitive than those in other countries, Nguyen Cong Hoan, vice director of travel agent Hanoi Redtour, told Thanh Nien [...]

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Citi acquires stake in Vietnamese securites firm 

July 3, 2011
Citi acquires stake in Vietnamese securites firm 

Citigroup has become one of the first foreign financial institutions to invest in a Vietnamese securities firm. Citigroup announced Friday that it has acquired a 9.9 percent stake in Vietnam’s Horizon Securities Corporation, becoming one of the first foreign financial institutions to invest in a local securities firm. The investment, subject to regulatory approval, will [...]

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Focus on ‘easy’ markets first 

June 19, 2011
Focus on ‘easy’ markets first 

  No need to curb investments abroad by Vietnamese firms A tuk-tuk rides past a large advertising poster featuring investment fields by Vietnam’s group Hoang Anh Gia Lai in the Laos capital Vientiane. Laos and Cambodia are two markets that are easy for Vietnamese firms to invest in, an expert says. As of February, Vietnamese [...]

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M&As point to growth

February 1, 2010
M&As point to growth

Overall merger and acquisition values and volumes appear to have returned to a growth path in 2009’s fourth quarter giving grounds for optimism for 2010, writes an advisory partner at PricewaterhouseCoopers Vietnam.  Major Vietnamese conglomerates are growingly removing smaller rivals through M&A deals.LookAtVietnam – A slow start, but a strong finish to the year. Overall [...]

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Electricity of Vietnam to invest record amount in 2010

January 9, 2010
Electricity of Vietnam to invest record amount in 2010

State-owned Electricity of Vietnam said it would invest a record VND58.5 trillion (US$3.16 billion) in power generation and transmission facilities this year, up 18 percent from last year. The power monopoly, also known as EVN, plans to use parts of the funds to start several new power plant projects, including ones in Lai Chau, Mong [...]

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Low income people may not benefit from preferential tax

December 3, 2009
Low income people may not benefit from preferential tax

Bui Dang Dung, a member of the NA Committee for Finance and Budget, spoke to Investment newspaper about why the NA had declined to vote on draft VAT . . . The main reason was because the Finance Ministry wants to reduce value added tax and corporate income tax for firms that invest in building [...]

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State budget collection call

December 1, 2009
State budget collection call

All provinces and sectors need to fulfil their State budget collection and spending tasks and should join efforts with the Ministry of Finance to strive for a 5-10% increase . . . A trading session at the Ha Noi Stock Exchange (HNX). The stock market is expected to develop into a long-term capital raising channel [...]

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Stocks, gold, real estate or dollars – what’s best for Vietnam’s investors?

November 30, 2009
Stocks, gold, real estate or dollars – what’s best for Vietnam’s investors?

Lao Dong was at a conference where various experts argued about where Vietnam’s groggy investors ought to put their money, if they still have any.  Stocks, gold, real estate or dollars – what’s best for Vietnam’s investors?All investments are risky The gyrations of the world gold market recently have helped many Vietnamese earn a fortune, but [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...