Coca-Cola's announcement that it will enter the dairy sector will increase pressure on Vietnamese producers. IDP’s hope to join the group of companies leading the dairy market has faded as it is continuously facing big losses. The latest report of the dairy producer showed that the company took a loss of VND43.8 billion in 2018. The figure was even higher, VND298 billion, in 2017. To date, its accumulative loss has reached 700 billion. According to VinaCapital, by mid-2018, the value of its investment in IDP had dropped to $25 million, a sharp fall from $35 million three years ago. Tran Bao Minh, general director of IDP, admitted that it was very difficult to compete with big rivals. Mai Lan Vietnam dairy producers prosper in CPTPP era Vietnam-made dairy products, which have certain advantages in the home market, continue to be prosperous. Vietnam's dairy producers vow to make bigger investments It is expected that the average dairy product demand of … [Read more...] about Vietnamese dairy producers face big problems
Market year to date
M&A Vietnam Forum 2019 – “Going for breakthrough”
Vietnam M&A Forum 2019 will be held at GEM Convention Center, Ho Chi Minh City on Tuesday, August 6, 2019 This morning (July 23, 2019) in Hanoi, the Organising Board of the Vietnam M&A Forum 2019, under the auspices of the Ministry of Planning and Investment (MPI), held a press conference announcing the forum's 2019 edition. After a decade of strong growth with thousands of transactions and a total transaction value of nearly $50 billion, the Vietnamese M&A market entered a new era with many new opportunities. Total M&A deal value in 2018 reached $7.64 billion, equaling 74.9 per cent compared to 2017. However, without Sabeco’s record deal, the pulling factor in 2017, the deal value in 2018 increased by 41.4 per cent. In the first six months of 2019, the total value of announced M&A deals in Vietnam only reached $1.9 billion (equal to 53 per cent of the same period in 2018, which had the value of $3.55 billion). According to statistics from the MPI's Foreign … [Read more...] about M&A Vietnam Forum 2019 – “Going for breakthrough”
10 Vietnamese start-ups with highest investment in 2019
This year continues to witness a wave of investments into Vietnamese start-ups, with millions of dollars of money announced. This is the list of 10 start-ups with highest investment based on public investment information, site ndh.vn reported. Some start-ups are believed to have successfully raised capital from US$75 million to $300 million, but specific amounts were not disclosed. 1 Sendo E-commerce platform Sendo of Sen Đỏ Technology JSC completed a $61 million Series C funding round. Besides previous investors, this round of fundraising has the participation of two new investors, Indonesian EV Growth and Thai Kasikornbank. Last year, Sendo successfully mobilised $51 million in Series B round. Trần Hải Linh, Sendo director general, said the company would use the new funding to expand its services, invest in AI technology and machine learning. 2 Lozi Lozi secured an eight-digit funding (in US dollars) led by South Korean investment firm … [Read more...] about 10 Vietnamese start-ups with highest investment in 2019