Thailand among top 10 investors in Vietnam
The new face from
As of October 31, Ton Poh Thai Fund had net assets of about $135 million. Last year, the profitability ratio of this fund reached 25% and 20% on average during the past 10 years.
Ton Poh currently owns 2.5 million shares of Cotec Construction JSC (5.79%); 1.2 million shares of Kien Giang - Superdong Speedboat JSC (5.02%) and 11.37 million shares of Hoang Huy Services Investment JSC (4.88% of capital).
The number of shares held by Ton Poh is not large, but the fund has potential and is expected to continue disbursing capital on
Thai businessman Chatikavanij established this fund in 2005, expecting to capture investment opportunities following the 1997-1998 financial crisis in
If Ton Poh is getting "acquainted" with investment in
In the retail sector, Berli Jucker of Thaibev, which is owned by the second richest man in Thailand, billionaire Charoen Sirivadhanabhakdi, now takes a controlling share in Vietnamese firm Thai An, thereby controlling 99% stake in Phu Thai Group.
BJC Thailand has bought Metro Vietnam while Central Group through Power Buy bought 49% shares of NTK, the owner of Nguyen Kim Trading Company, a big name in electronic product distribution in
In the food industry, Thaibev has obtained ownership of Fraser & Neave (F & N) - the largest drink group in
In the industrial sector,
In the field of logistics, Kan Air of Thailand is now part of a joint venture with Vietjet Air of
This joint venture was licensed in late 2014 and began operating on March 29, 2015. Thai Vietjet will operate domestic flights in
Later this year, the ASEAN Economic Community (AEC) will be formally established. AEC will become a single market. Accordingly, goods, services, investment, capital and skilled labor will flow freely between countries in the bloc. Thai capital flow into