Thai investors have been flocking to Vietnam, the first step in its plant to conquer the ASEAN market.
Thai SCG has set up 17 subsidiaries in SCG does not conceal its plan to continue exploiting other regional markets. In 2012, together with However, SCG does not intend to set up new businesses in Through SCG Building Materials, SCG spent baht7.2 billion to buy 85 percent of stakes of Prime Group, the Vietnamese biggest tile manufacturer which can provide 75 million square meters of products, or 33 percent of the output in Also in 2012, SCG, through its subsidiaries, bought 23 percent and 20 percent of Tien Phong and Binh Minh Plastics Companies. The deals were worth baht1.3 billion. In the chemicals manufacturing sector, SCG, together with Qatari and a Vietnamese partner, received the license for the chemical complex worth $4.5 billion in the southern Analysts believe that these are not the final deals of SCG in Vietnam, and the big guy are still seeking the opportunities to buy Vietnamese small and medium enterprises operating in the fields that SCG is developing. Local newspapers recalled a statement of SCG made three years ago that SCG would invest some $9 billion in Not only SCG, but other big Thai groups have expressed their satisfaction about their business performance in The Nation in late 2012 quoted Deputy President of CP Vietnam Corp Sooksan Jiumjaiswanglert as saying that though foreign investors are eyeing CP Group has announced that in 2013-2015, it would spend baht50 billion to expand business in emerging markets. Setting foot in The CP’s ambition to scale up its business in Don T, the Thai businessman, said the outstanding feature of Thai investment is that the investors don’t spend money in too many different business fields, while they would only focus on their forte sectors. Distribution is one of the sectors. “Thai goods have more reasonable prices than the European products, while they are more favored by Vietnamese than Chinese goods. This is the reason which prompts Thai to open distribution chains in Mongkol Banthrarungroj, Vice President of Thai Corp International said it plans to set up a retail center in DNSG |
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