
Several foreign firms have recently acquired stakes in Vietnamese food processing enterprises, showing the local food industry’s increasing attractiveness. CJ Cheil Jedang (CJ) of the Republic of Korea (RoK) purchased 71.6 percent of shares of the Cau Tre Export Goods Processing JSC (Cau Tre) – a prestigious food processor in Vietnam. Previously, it also bought Minh…

Siam Cement Public Co. Ltd. (SCG) subsidiary Vina SCG Chemicals Co. Ltd. (VSCG) has entered a share purchase agreement with Qatar Petroleum International Ltd. (QPI) to acquire all of subsidiary QPI Vietnam Ltd.’s (QPIV) 25% equity stake in Long Son Petrochemical Co. Ltd.’s (LSP) long-delayed project to build Vietnam’s first petrochemical complex on Long Son…

PetroVietnam Oil Corporation (PV Oil), a member of national oil and gas group PetroVietnam, will sell a 40 per cent share in the second quarter of 2017. PV Oil’s main operation is the retail distribution of petroleum with the second largest market share in Vietnam (22-25 per cent), only behind Vietnam National Petroleum Group (Petrolimex),…