Thai investors have been flocking to Vietnam, the first step in theirplans to conquer the ASEAN market, according to VietNamNet Bridge .
Thai SCG has set up 17 subsidiaries in Vietnamwhich have the total investment capital of hundreds of millions ofdollars. It is expected that Vina Kraft Paper, one of the subsidiaries,will complete the 250 million THB plan on expanding its paper plant insouthern Binh Duong province, raising the production capacity from22,000 tonnes to 250,000 tonnes per annum.
SCG does notconceal its plan to continue exploiting other regional markets. In2012, together with Vietnam , Indonesia was also the targetedmarket for SCG to expand its business to take full advantage of theavailable materials and low labor force there.
However,SCG does not intend to set up new businesses in Vietnam. Thecurrent gloomy real estate market, the high inventories of houses andbuilding materials in Vietnam have prompted it to take a shortcut toenter the market.
Through SCG Building Materials, SCGspent 7.2 billion THB purchasing 85 percent of stakes of Prime Group,the Vietnamese biggest tile manufacturer which can provide 75 millionsquare metres of products, or 33 percent of the output in Vietnam.
Also in 2012, SCG, through its subsidiaries, bought 23 percent and 20percent of Tien Phong and Binh Minh Plastics Companies. The deals wereworth 1.3 billion THB in total.
In the chemicalsmanufacturing sector, SCG, together with Qatari and a Vietnamesepartner, received the license for a chemical complex worth 4.5 billionUSD in the southern province of Ba Ria – Vung Tau.
Analysts believe that these are not the final deals of SCG in Vietnam, and the big guy is still seeking opportunities to buy Vietnamesesmall and medium enterprises operating in the fields that SCG isdeveloping.
Not only SCG, but other big Thai groups have expressed their satisfaction about their business performance in Vietnam
The Nation in late 2012 quoted Deputy President of CP Vietnam CorpSooksan Jiumjaiswanglert as saying that though foreign investors areeyeing Myanmar , CP still considers Vietnam an important marketthanks to its high growth rate, from which CP will make further stepstowards the other regional markets of Laos , Cambodia and China .
CP Group has announced that in 2013-2015, it will spend 50 billion THB to expand business in emerging markets.
Setting foot in Vietnam in 1993 with the animal feed manufacturingfactory in Dong Nai province, CP Vietnam is now leading the animal feedmarket.-VNA
Thai SCG has set up 17 subsidiaries in Vietnamwhich have the total investment capital of hundreds of millions ofdollars. It is expected that Vina Kraft Paper, one of the subsidiaries,will complete the 250 million THB plan on expanding its paper plant insouthern Binh Duong province, raising the production capacity from22,000 tonnes to 250,000 tonnes per annum.
SCG does notconceal its plan to continue exploiting other regional markets. In2012, together with Vietnam , Indonesia was also the targetedmarket for SCG to expand its business to take full advantage of theavailable materials and low labor force there.
However,SCG does not intend to set up new businesses in Vietnam. Thecurrent gloomy real estate market, the high inventories of houses andbuilding materials in Vietnam have prompted it to take a shortcut toenter the market.
Through SCG Building Materials, SCGspent 7.2 billion THB purchasing 85 percent of stakes of Prime Group,the Vietnamese biggest tile manufacturer which can provide 75 millionsquare metres of products, or 33 percent of the output in Vietnam.
Also in 2012, SCG, through its subsidiaries, bought 23 percent and 20percent of Tien Phong and Binh Minh Plastics Companies. The deals wereworth 1.3 billion THB in total.
In the chemicalsmanufacturing sector, SCG, together with Qatari and a Vietnamesepartner, received the license for a chemical complex worth 4.5 billionUSD in the southern province of Ba Ria – Vung Tau.
Analysts believe that these are not the final deals of SCG in Vietnam, and the big guy is still seeking opportunities to buy Vietnamesesmall and medium enterprises operating in the fields that SCG isdeveloping.
Not only SCG, but other big Thai groups have expressed their satisfaction about their business performance in Vietnam
The Nation in late 2012 quoted Deputy President of CP Vietnam CorpSooksan Jiumjaiswanglert as saying that though foreign investors areeyeing Myanmar , CP still considers Vietnam an important marketthanks to its high growth rate, from which CP will make further stepstowards the other regional markets of Laos , Cambodia and China .
CP Group has announced that in 2013-2015, it will spend 50 billion THB to expand business in emerging markets.
Setting foot in Vietnam in 1993 with the animal feed manufacturingfactory in Dong Nai province, CP Vietnam is now leading the animal feedmarket.-VNA
