10 salient investment and business events in 2013

8/11/2020 12:00:00 AM

1. The ground breaking of the 400-mil-USD project in Myanmar of Hoang Anh Gia Lai Group

In June 2013, Hoang Anh Gia Lai Group established a “giant” project, Hoang Anh Gia Lai Myanmar Center, at Yangon ancient capital (Myanmar). At first, this project had the total investment capital of USD 300 mil but later it was amended to be up to USD 440 mil (about VND 9,000 bil). This project was expected to be finished in 2016.

 Till now, this has been the project with the biggest and the most monumental size of Hoang Anh Gia Lai in the realty field. Hoang Anh Gia Lai is the biggest Vietnamese investor in Myanmar and also the biggest foreign investor in the fields of hotel and tourism in this country.

2. TH True Milk opened the biggest-sized factory in Asean

On July 9th 2013, at Nghia Dan district, Nghe An province, Nguyen Tan Dung Prime Minister and the Prime Minister of Laos Thongsing Thamavong officially cut the opening band of TH fresh milk Factory with the largest size in Asean. The Factory was in the Project of cultivating milch cows and processing milk by great industrial size of TH Group.

This was the greatest private investment project in agricultural field in Vietnam with the total investment capital up to USD 1.2 bil. After two years building, the Factory was officially launched into operation the production process system phase 1 with the capacity of 200,000 tons per year.

3. Sai Gon Paper took the position of foreign shareholder

Since August 2013, Sai Gon Paper Corporation (SGP) has been back into the hands of domestic shareholders, when Mr Mai Huu Tin completely took the place of Daio Paper Corporation (Japanese shareholder) in this company, owning 42.3% the shares (about VND 416 bil on registered capital). Mr Cao Tien Vi along with the two investment funds of Bridgehead and BVIM and the rest investors owned 57.7% the registered capital.

In comparison with other M&A business transactions in Vietnam, this was considered to be the first rare “upriver” business transaction of paper filed in the time of post-merge, when there was foreign investor that gave back their position to domestic shareholder after a good time of co-operation.


  Mr Mai Huu Tin completely took the place of Daio Paper Corporation in Sai Gon Paper Corporation


4. Vietjet Air bought 92 airplanes

On September 25th 2013, French Prime Minister Jean Marc Ayrault and Vietnamese Prime Minister Nguyen Tan Dung witnessed the contract-signing ceremony of buying 92 airplanes and hiring more 8 Airbus 320 airplanes with the total value of USD 9.1 bil of VietJetAir and Airbus.

VietJetAir is now exploiting 8 Airbus airplanes to 14 places in Vietnam and Thailand international flights. The above action of VietJetAir surprised the business world not only by the “giant” size of this contract but also the tremendous speed of development of this Company, because with the domestic function, the operation of a group of hundreds of airplanes is never a simple matter.

 VietJetAir surprised the business world by the contract of buying 92 airplanes from Airbus 

5. PhinDeli formed

In September 2013, Pham Dinh Nguyen Major changed the name of Buford town (Wyoming State – America) to Phindeli to develop the Vietnamese coffee brand in America. Earlier In April 2012, Mr Nguyen made a storm for the press in Vietnam and in the world by buying Buford town with the price of USD 900,000. Mr Nguyen is also CEO of PhinDeli Coffee Company.

Aswering reporters of Bao dau tu, Mr Nguyen explained this decision by 3 reasons. First, only coffee could link Vietnamese culture in America well when America was looked at as the country that consumed most coffee in the world. Second, there were more than 3 mil Vietnamese origin people living in America – this was a great chance to develop business. Third, with the two product groups of super clean and high quality to aim at many different tastes as well as price segments, PhinDeli was growing fast in Vietnam.

6. The ground breaking of Nghi Son Oil Filter Factory

On October 23rd 2013, at Nghi Son Economic Park (Tinh Gia district, Thanh Hoa province), the Conjugate Project of Nghi Son Oil Filter opened. This was the second old filter project after Dung Quat Oil Filter Factory but it had the biggest size ever in Vietnam with the total investment rate of USD 9 bil.

Investors of the project included PetroVietnam (PVN), Kuwait Petroleum International (KPI/KPE), Idemitsu Kosan Company (IKC) and Mitsui Chemicals Incorporated (MCI). In expectation, the project would launch into business operation in the middle of 2017. Along with Dung Quat Oil Filter Factory, this project would ensure to supply 2/3 the needs of oil product inside the nation.

7. Vingroup was worth to be the best developer

On November 22nd, Vingroup won double at the Award Ceremony of “Realty in Asean 2012” organized in Singapore. With the two important awards of “Best Developer” and “Best Villa Developer”, Vingroup asserted the pioneer position in high-grade realty market in Vietnam and the region.

That event closed a successful year of Vingroup with many big projects. In June 2013, Vingroup transferred Vincom Center A – the Combination of business and hotel center in HCMC, with the total business value of USD 470 mil. Also in 2013, Vingroup opened 2 “super cities” named Royal City and Times City in Hanoi.

8. Masan expanded the reach of hands

On November 29th 2013, Masan Group declared to establish Masan Consumer Holdings (MCH). MCH was considered to be the stepping-stone to expand the reach of their hands in fields related to consumption. MCH includes 2 “pillars” of Masan Consumer and Masan Consumer Ventures (MCV). Masan Consumer focuses on key business lines of food and beverage.

Along with this change of strategy were the matters of re-allocating and expanding high-grade human resources. In which Mr Madhur Maini would change to take responsibility in MCH in the role of Chairman of the Board. Mr Nguyen Dang Quang would temporarily take the position of CEO of Masan Group along with three Vice CEOs – Mr Nguyen Thieu Nam (old), Mr Michael Hung Nguyen and Mr Truong Cong Thang (new). The Board of Directors of Masan Group was also added a new human, Mr Dominic Price, former CEO of JP Morgan Bank in Indochina and Myanmar.

9. Vinamilk spent USD 7 mil to acquire Driftwood Dairy

On December 9th 2013, Vinamilk declared to receive the foreign investment certificate by spending USD 7 mil to buy back 70% shares of Driftwood Dairy Company in California State, America.

Earlier, on September 10th, Vinamilk Factory with the total investment capital of VND 2,400 bil was launched into operation. Located in the area of 20 hectares in My Phuoc 2 Industrial Park, Binh Duong province, the Factory, with the capacity of over 400 mil liters of milk per year in phase 1 and over 800 mil liters per year in phase 2, is now being noted to be one of the most modern specially-producing-fresh-milk factories in the world.

10. Samsung was the top exporter

According to the General Department of Statistic, in the first 11 months of the year, the exportation turnover of the group of mobile phones and spare parts was up to USD 20.2 bil, contributed tremendously for the exportation development of the entire country. Among these, the biggest contribution belonged to the Factory producing mobile phones of Samsung Electronics Vietnam (SEV) in Bac Ninh province.

SEV told us, chances were high that, SEV’s exportation turnover might reach USD 23.5 bil this year, much higher than the expectation of USD 16.5 bil planned late last year. This was just the contribution of SEV Bac Ninh alone. According to the project, on quarter 1/2014, when Samsung Electronics Vietnam Thai Nguyen launches into operation, the exportation turnover of this product will continuously increase drastically.

According to

Translator: TM (

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