Japanese investors secure foothold in leading Vietnamese brands through M&A. They have poured billions of dollars to purchase stakes at Vietnamese businesses over the past decade. “M&A investments in Vietnam will be a trend for Japanese companies which will last for the years to come”, said the head of the Cross-border Division of RECOF. Visit Vietnam Insider’s homepage for more stories. After a decade of M&A, Japanese investors now own several leading brands in Vietnam, as of May 2021, Japan was the second-largest foreign investor in Vietnam with the total registered capital of $63 billion. Japanese investors have also been…
Author: Miley Selena
The southern province of Ba Ria-Vung Tau plans to build a new airport on Go Gang Island. Go Gang Airport, which covers an area of 248.5 hectares in Long Son Commune, has a total investment of VND9 trillion (USD391 million), including VND1.25 trillion for the site clearance. Visit Vietnam Insider’s Homepage for more stories. Go Gang Island was approved for airport construction by the government in 2019. The current Vung Tau Airport, covering 172 hectares in the city, is mostly used for helicopters serving logistics and oil and gas services. Located right in the centre of Vung Tau City, Vung…
The Ministry of Industry and Trade has officially decided to impose an anti-dumping and anti-subsidy tax of 47.64% on some sugar products imported from Thailand for five years. The move followed the Ministry of Industry and Trade’s ministry finishing an anti-dumping investigation that began last September. Visit Vietnam Insider’s Homepage for more stories. In February this year, the Ministry of Trade and Industry levied a temporary anti-dumping tax of 33.88% sugar products imported from Thailand. The investigation showed that subsidised sugar imports into Vietnam increased to 1.3 million tonnes in 2020, up 330.4% on-year. According to the Vietnam News Agency,…
Innovations that accelerate the evolution of sports have been present since the birth of competitive athletic events, becoming mainstream and a publicly viewed concept. Without the fans, sports are nothing, and the same can be said for the sports betting world. Legalized gambling has been a step in the right direction, but the days of placing a wager live-in-person at the sportsbook or casino are beginning to fade. Let us take a look at why mobile phones have revolutionized the world of sports betting. Firstly, the gambling sector owes technology a slice of the pie. Without the progressing technological industries,…
The Asia Insiders Magazine has named Global Business Services (GBS) LTD their “M&A Advisor of the Year” Vietnam 2021. It is the first time ever a merger and acquisition advisory firm in Vietnam has been recognized by The Asia Insiders for mergers and acquisitions work. “We’re excited to be recognized by Asia Insiders. This recognition is a testament to our work with really great clients on their middle-market transactions.” said Sophie Dao, Partner at GBS. “We are continuing to add talented transactions attorneys to our team to continue to serve our clients in Vietnam and across the region.” “With over…
Biden asks Putin about pipeline ransomware attacks Three-hour talks described as professional rather than friendly U.S., Russia to send their ambassadors back to their capitals First U.S.-Russian summit since Biden took office in January Even before US President Joe Biden met with Russian counterpart Vladimir Putin, expectations were low. Beyond some basic commitments on reinstating diplomats and agreeing to open “constructive” dialogue with the US on issues like cyber security and foreign policy, Putin gave no indication that the two leaders’ first face-to-face meeting on Wednesday had compelled a change of heart. No number of friendly words, it seems, will…
Foreign and local investors have poured billions of dollars into developing offshore wind farms.Thang Long Wind, a $11.9-billion, 3.4 GW offshore plant, is being built in the central province of Binh Thuan. Installation of floats will be completed in July to gather oceanographic data related to waves, wind and currents. La Gan, another offshore wind farm, a joint venture between Asia Petroleum Energy Corporation (Asia Petro), Novasia Energy Company and Danish fund management firm Copenhagen Infrastructure Partners (CIP), will have a capacity of 3.5 GW and cost $10.5 billion. Last month Danish multinational power company Orsted, which operates many wind…
A health worker in charge of collecting residents’ samples for COVID-19 testing in Ho Chi Minh City has tested positive for the novel coronavirus. The 33-year-old resides in Binh Chanh District and works at the medical center of Binh Tan District, a source close to Tuoi Tre (Youth) newspaper quoted local authorities on Tuesday evening. She had been admitted to the hospital for COVID-19 treatment in Cu Chi District earlier the same day. From June 2 to 14, the health worker was sent to COVID-19 hot spots in Binh Tan District at least 15 times to collect residents’ samples for…
An additional 176 more Covid-19 infections have been confirmed, raising the total number of patients in the country to 11,480, the Ministry of Health reported at noon on Wednesday. According to the ministry’s report, 174 of the newly-confirmed patients are locally-transmitted cases most of whom were detected in quarantine sites or areas under lockdown in some localities including 128 in Bac Giang, 35 in Ho Chi Minh City, eight in Bac Ninh, two in Ha Tinh, and one in Nghe An. The 128 cases in Bac Giang were recorded at some local industrial parks which have reported a large outbreak…
Along with upgrading railway routes, Vietnam has ambitious plans to develop a number of new ones during 2021-2030 to strengthen regional economic development. According to the draft planning on railway development until 2030 with a vision to 2050 submitted by the Vietnam Railways Administration to the Ministry of Transport (MoT), the market share of railway would be increased to 0.3 per cent in cargo transportation and 1.08 per cent in passenger transportation by 2030. Visit Vietnam Insider’s Homepage for more stories. Along the new developments, the draft proposes an investment of about VND47.3 trillion ($2.05 billion) for upgrading existing railway…