Existing shareholders

The remainder of 2019 will be key for Vietnam to avail of longer-term investment possibilities, Photo: Le Toan Warrick Cleine, chairman and CEO of KPMG Vietnam, told VIR that they have seen tremendous ­confidence in Vietnam from large ­investors, especially from the likes of Japan, South Korea, and Singapore. The trend has expanded from the ­acquisition of 100 per cent or control of Vietnamese companies, such as the Sabeco deal from Thailand, to minority or strategic investments in large Vietnamese companies. These are often institutional investors, and their decisions reflect confidence in Vietnam’s overall macroeconomic and geopolitical state, and the management teams and business models of the specific companies. “Provided the global economy remains strong and Vietnam ­maintains its reform orientation, there is no reason investors will not continue to have the confidence to invest in Vietnam,” Cleine stressed. KPMG in particular expects to … [Read more...] about Investors step up M&A movements

Two ships of Japan Maritime Self-Defence Force (JMSDF), Bungo and Takashima carrying 180 officers and sailors are led by Colonel Ikubo Seiji of the Japanese Navy’s Minesweeper Division III. During the stay in Da Nang, the Captains of the ships and the delegation team will meet leaders of the People’s Committee of Da Nang City and the high commands of Military Zone 5 and Naval Zone 3 as well as the municipal famous destinations. The visit is part of the Japan’s Free and Open Indo-Pacific Strategy, aiming at enhancing the existing bilateral relations between the naval forces of the two countries and sharing experiences in minesweeping activities. The large-sized boat JS Bungo which has a load capacity of approximately 5,000 tons is 141 meters long and 22 meters wide. JS Takashima having 570-ton loading capacity is a small-sized vessel is 57 meters long and 9.8 meters wide Chief of Staff of the Japanese Maritime Self Defence Force (MSDF) Admiral Yamamura Hiroshi who is … [Read more...] about Japanese navy minesweepers arrive in Da Nang city

After revision, Vietnam’s GDP grew an average of 25.4% annually in the 2010 – 2017 period, in which 2011 recorded the highest growth rate of 27.3%. Vietnam’s GDP in 2017 is estimated at VND6,294 trillion (US$272.77 billion) after revision, representing an increase of VND1,300 trillion (US$56.34 billion) against the previous figure of VND5,006 trillion (US$216.95 billion), according to the General Statistics Office (GSO). This would result in revised GDP per capita of US$2,985, higher than the preceding number of US$2,343, stated the GSO in a statement announcing the result of GDP revision in the 2010 – 2017 period held Friday. As a result, Vietnam’s GDP grew an average of 25.4% annually in 2010 – 2017, in which 2011 recorded the highest growth rate of 27.3% and 2015 grew the lowest rate of 23.8%. Among economic sectors, services posted the highest growth rates after revision with an additional increase of VND316 – 615 trillion (US$13.68 … [Read more...] about Vietnam 2017 GDP expands US$56 billion after revision

RoK Minister of Foreign Affairs Kang Kyung-wha  (Photo: EPA/VNA) Sydney (VNA) – Australia and the Republic of Korea (RoK) expressed their grave concern over recent developments in the East Sea, and affirmed the importance to maintain and promote peace and stability in the waters, at the fourth Australia – RoK Foreign and Defence Ministers Meeting in Sydney. In a joint statement announced on December 12, Australian Minister for Foreign Affairs Marise Payne and Minister for Defence Linda Reynolds, and their Korean counterparts Kang Kyung-wha and Jeong Kyeong-doo emphasised the significance of upholding freedom of navigation and overflight, and the need for states to resolve disputes peacefully in accordance with international law, including the 1982 UN Convention on the Law of the Sea (UNCLOS). The ministers acknowledged ongoing discussions on a Code of Conduct (COC) in the East Sea, and called for a COC to be consistent with international law, including UNCLOS, … [Read more...] about Australia, RoK voice concern over East Sea dispute

A Hong Kong Airlines passenger plane taxies on the tarmac at Hong Kong Airport in Hong Kong, China (Photo: Reuters) Singapore (VNA) – Singapore state investor Temasek Holdings has showed interest in buying Chinese conglomerate HNA’s Hong Kong-based carriers, namely Hong Kong Airlines and Hong Kong Express Airways. Last week, Temasek, the majority shareholder in Singapore Airlines Ltd, and HNA, an aviation-to-financial services conglomerate, agreed to explore business partnerships in aviation and logistics. HNA is looking to raise funds for the Hong Kong airlines and Temasek is a potential investor. A stake in Hong Kong airlines is expected to help Temasek get an aviation foothold closer to mainland China. Corrine Png, the chief executive of Crucial Perspective, a transport research firm, estimated that Hong Kong Airlines would be valued at about 1.1 billion USD and HK Express at some 300 million USD. Hong Kong Airlines has 37 mostly wide-body jets with 24 more on … [Read more...] about Singapore’s Temasek mull stakes in Hong Kong’s airlines