Two beverage companies controlled by Thai business magnate Charoen Sirivadhanabhakdi have registered to buy 78.38 million shares, or 5.4 percent of the dairy firm Vinamilk.
Hanoi (VNA)🐲 - Two beverage companies controlledby Thai business magnate Charoen Sirivadhanabhakdi have registered to buy 78.38million shares, or 5.4 percent of the dairy firm Vinamilk.
Vinamilk is the largest stock by market capitalisation in Vietnam,valued at 8.6 billion USD as on December 8. The Singapore-based F&N Dairy Investment Pte. Ltd. and F&NBEV Manufacturing Pte. Ltd. are subsidiaries of Fraser &Neave Ltd., whoseCEO Lee Meng Tat is a member of Vinamilk’s management board. Each company is picking up 39.19 million shares, or 2.7 percent ofVinamilk’s shares, according to the HCM Stock Exchange (HOSE). This is maximumvolume of shares each investor is allowed to buy in the forthcoming December 12auction. Trading will be conducted based on competitive auctions,negotiated trade and put-through trade, from December 12, 2016, to January10, 2017. F&N Dairy Investment is currently Vinamilk’s largest foreignshareholder, with an ownership of 10.95 percent. The group has been investingin Vinamilk since 2005 and its holding of Vinamilk shares is now worth around 1billion USD. The State Capital Investment Corporation (SCIC) holds theGovernment’s 45 percent stake in Vinamilk and foreign investors have for longbeen interested in the dairy firm thanks to its strong prospects and expansionplans. Starting December 12, SCIC will put 130.6 million shares ofVinamilk on sale, which amounts to 9 percent of Vinamilk’s charter capital, at 144,000VND per share (6.32 USD). If the transactions are successful, the two companies will spendat least 11.3 trillion VND to own the stakes, raising Fraser &Neave’s totalholdings from 10.95 percent to 16.35 percent. Last year, the Thai billionaire Charoen bought Vietnam’ssupermarket chain Metro Cash & Carry. — VNA
The State Capital Investment Corporation has selected a group of consultants led by Morgan Stanley Asia Limited for the sale of 9% of charter capital of Vinamilk.
Vinamilk has recently partnered with Topmost Enterprise Co., Ltd of Thailand, aiming to expand the distribution of its dairy products in the country – a market worth 60 bln baht (over 1.7 bln USD)
The State Capital Investment Corporation (SCIC) announced its final price for 9 percent of shares in the Vietnam Dairy Products Joint Stock Company (Vinamilk) at 144,000 VND per share (6.32 USD).
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
Illustrative photo (Photo: vir.com.vn) 
