AGS（AGS JOINT STOCK COMPANY）

Vietnam is among the emerging market having high transactional growth in merger and acquisition (M&A) activities, according to a latest report released by the Baker McKenzie law firm.  Stand-out markets for predicted high transactional growth in next five years include developed economies such as the Netherlands, the UK, Sweden, China, Hong Kong (China) and India, and emerging markets of Mexico, Egypt, and Vietnam, Singapore’s Business Times quoted the report as saying.  Globally, Baker McKenzie analysts predicted M&A deals to rise to 2.7 trillion USD in 2015 before accelerating to 3 trillion USD in 2016 and 3.4 trillion USD in 2017.  M&A activity relating to emerging markets will grow dramatically, rising…

A HCM City company has asked the Transport Ministry to approve a VND30 trillion (US$1.37 billion) project to build a expressway that will connect HCM City with a southern border province. The proposal was made by the Cuu Long Transport Infratructure Management Investment and Development in HCM City. The proposed expressway would link the city’s Thu Duc District with Moc Bai Border Gate in the southern Tay Ninh province that borders Cambodia. It will have 84.5 km in length and 15 metres wide for four lanes. The project is expected to be developed under the Build-Operate-Transfer (BOT) form in the two phases. About 55.5 km would be built in the…

Multi-industry conglomerate C.T Group will work with South Korea’s CJ Group to develop a large logistics network in Viet Nam. C.T Land, a subsidiary of the C.T Group, on Tuesday signed a memorandum of understanding with CJ GLS Co Ltd on co-operating with each other in exploiting existing logistics facilities and developing new ones. Existing facilities include workshops and warehouses in the southern province of Binh Duong, the northern province of Bac Ninh and the central city of Da Nang. The two companies said they would also consider the establishment of a joint-venture company to develop a large-scale logistics system in Viet Nam. The C.T Group has already completed building…

Japan’s Nojima Electronics has bought another 3.7 million shares of Tran Anh Digital World JSC (TAG), the Vietnam Securities Depository said. The buying of the shares, which belonged to Aureos Southeast Asia Fund and are equal to a 21 percent stake in TAG, has increased the total holding of the Japanese corporation to 30.92 percent, making it the largest foreign shareholder of TAG. TAG is one of the leading electronics firms in northern Vietnam, with a chain of 15 stores. It plans to open seven to nine more stores to serve the northern region. In the first quarter of this year, TAG earned 872.67 billion VND (40 million USD) in…

A Japanese delegation held a working session with Ho Chi Minh City authorities on June 10 to seek cooperation opportunities with the city on the construction of the main metro station and an underground commercial centre in front of the Ben Thanh market.  Kisaburo Ishii, Deputy Minister of Land, Transport Infrastructure and Tourism and leader of the delegation, told city authorities that the underground complex will be the cynosure marking the development of the city.  Despite the high cost, the project will bring a number of benefits and has high profit prospects, Ishii said, predicting it will take 10 to 11 years for investors to recover their investments.  A model…

HA NOI (VNS) — Following a nationwide inspection of housing development projects, the Ministry of Construction has decided to allow more than 3,100 of them to continue construction. Inspections revealed that some 460 projects must adjust their structures in line with their plans and market demand, while another 306 projects must halt their construction. The ministry said that failure in raising more capitals saw most of the projects being temporarily halted (vietnamnews.vn　2015年6月6日)

The Management Authority for Urban Railways (MAUR) and contractors on June 4 started to install precast viaducts of the elevated track of Metro Line No. 1, and plan to complete its construction by 2018. Metro Line No. 1 connects the downtown area of HCMC and Suoi Tien Park in District 9. Its 17.1-kilometer elevated section is designed to start from Shipyard in District 1 and end at Long Binh Depot in District 9. According to MAUR, constructors have used a mobile scaffolding system to install the precast segments based on the balanced cantilever method of bridge construction applied for the first time in Vietnam. As many as 4,536 U-shaped viaducts…

HCMC – Airports Corporation of Vietnam (ACV) plans to begin expanding the international terminal of Tan Son Nhat airport in HCMC later this month to raise its annual capacity from ten million to 13 million passengers. Le Manh Hung, general director of ACV, told the Daily on June 3 that contractors are making final preparations and that work on Terminal T2 could start in mid-June. The expansion project will be implemented in two phases. The terminal will be expanded towards the east in the first phase at a total cost of VND1.52 trillion (US$69.8 million). The second phase costing VND787 billion will commence at the western side of the terminal…

Most of industrial parks (IPs) and export processing zones (EPZs) in the city have built traffic, electricity and water infrastructures before calling on investors. They have tried to invite investors as much as possible to fully occupy the built zones and paid little heed to technology, resulting in products’ low-added value. A survey by the city Department of Science and Technology shows that only one percent of businesses at IPs and EPZs are at advanced technology level, four percent at rather good level and 51 percent at low level. According to Hepza, most foreign invested projects in the zones have done outwork using a lot of workers and creating low…

A credit package worth some VND20 trillion (US$952.38 million) will be released to support homebuyers interested in commercial and urban housing projects, reported Xay Dung, the Ministry of Construction’s e-paper. The ministry made the announcement in a document sent to the government office, whereby it approved the lending programme suggested by the State Bank of Viet Nam. The central bank will disburse the fund through commercial banks in which it has controlling stakes. They include Vietcombank, VietinBank and BIDV, along with Agribank and Viet Nam Development Bank. Deputy Minister of Construction Pham Hong Ha said the programme was aimed at boosting the real estate market while helping lending institutions speed…

VietNamNet Bridge – Foreign industrial zone developers are leading the way in the development of eco-industrial parks (EIZ) in Vietnam. VSIP Nghe An is expected to kick off this September, according to Nghe An provincial authorities. This will be an EIZ to cover an area of 1,400 hectares with investment capital of VND3 trillion in the first phase of the project. The license for the project is expected to be granted in July. This will be the seventh VSIP to be developed in Vietnam. A similar project, the eighth VSIP, would be developed in the central province of Binh Dinh. Like other VSIPs, the IZs developed by the joint venture…

Japan’s Sumitomo Corporation will build an industrial park in northern Vinh Phuc province, as said in a memorandum of understanding it signed with the provincial People’s Committee on May 29. The industrial park, named Thang Long 3, covers nearly 300 hectares in Binh Xuyen district and has an initially investment of 135 million USD. When operational, it is set to attract over 80 Japanese businesses manufacturing automobile and motorcycle components, high-tech and other products for support industries, providing 40,000 jobs for local residents. Chairman of the Vinh Phuc People’s Committee Phung Quang Hung said Sumitomo’s construction will create a prerequisite for the sustainable development and a breakthrough for local industrial…