COMPANIES COME UP WITH BIG M&A PLANS FROM EARLY IN THE YEAR
One of the companies leading the charge is Vietnam Container Shipping JSC (Viconship), which will hold its annual shareholders’ meeting on March 10, earlier than usual to seek shareholders’s approval for its capital hike plan. It plans to issue 121 million shares to existing shareholders at the ratio of 1:1 to raise over VNĐ1.2 trillion and double charter capital to VNĐ2.25 trillion (US$95.3 million) to fund its ambitious M&A strategy.
VIETNAM TENDERS DAILY- FEBRUARY 24, 2023
1. Repairing materials supply
2. Grinding aid additives supply
3. Metering valve supply and installation
4. Surface cleaning materials supply
5. Equipment and materials supply
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BANK RACE IN ATTRACTING DEMAND DEPOSITS COOLS DOWN
The race to lure demand deposits, or current account savings account (CASA), among banks seems to be decelerating as it is more difficult for banks to attract the cheap capital source in the context of high interest rates on term savings.
GOVERNMENT LAUNCHES ACTION PLAN ON HANOI DEVELOPMENT
The city is expected to extensively and intensively integrate into the world, have high competitiveness compared to others in the region and the world, and boast a development level comparable to that of capital cities of developed countries in the region and the world.
THAI LARGEST RETAILER TO POUR OVER 1.4 BILLION USD IN VIETNAM
Central Retail Corporation (CRC), the largest retailer of Thailand, has announced its biggest investment in Vietnam at 50 billion THB (1.45 billion USD) in the 2023-2027 period to accelerate its market presence in the country.
VIET NAM CALLS FOR MORE INVESTMENT IN GREEN ECONOMY, DIGITAL ECONOMY AT WORLD GOVERNMENT SUMMIT
Deputy Foreign Minister Pham Quang Hieu suggested international partners and investment funds invest in areas of Viet Nam’s priorities such as green economy and digital economy.
BINH DUONG: THOUSANDS OF FACTORIES TO BE MOVED FROM RESIDENTIAL AREAS
About 2,900 businesses and factories in residential areas of the southern province of Binh Duong will be re-located into industrial zones and clusters in the locality from 2024-2030, according to a plan sketched out by the provincial People’s Committee.
RAFT OF DEALS TO BRIGHTEN UP FOREIGN FUNDING PICTURE
Minister of Industry and Trade Nguyen Hong Dien has also handed over a decision approving the investment policy for a project to build a combined gas turbine thermal power plant using liquefied natural gas, with a total investment of $2.1 billion in the south-central province of Ninh Thuan.
