As written on Saigon Times Online released on September, 2016, with the growth of nearly 10% per year, pack industry of Vietnam is considered to be attractive to overseas enterprises. Spoken by Mr. Nguyen Van Dong – President of Vietnam Pack & Print Association in the 16th International exhibition of pack & print industry, he supposed that big M&A events in which foreign enterprises and investors bought considerable volume of shares or even take over Vietnamese pack companies. The well-known example for recent M&A event was that TC Company under SCG Group (Thailand) captured 80% shares of Tin Thanh Packing Joint Stock Company (Batico) at $ 44 million dollars. Mr.Dong said that foreign enterprises considered Vietnam ‘s pack industry not to be stagnant, while Vietnam reports have shown a perspective of strong development of domestic production which serves consumer goods market and export markets of Vietnam. This will lead to a huge demand for packs, and the overseas investors had recognized this prospective picture of Vietnam ‘s pack industry already. “10% of growth rate is extremely wonderful for overseas groups, so more M&A events in pack industry will occur in the near future." Why Vietnamese companies accepted to sell out their shares or their companies? The reason here is that local enterprises are not confident to integrate. Some Vietnamese enterprises said that competition will extremely intensive while foreign companies will bring their modern technology and more effective management system, which will make many local companies incapable of competing in local market. However, some local enterprises still exist and expand thanks to cooperation opportunities with foreign investors, which share experience and integrate together. For the situation of Tan Tao bonded warehouse, what was written above is completely true when a huge volume of plastic resin and raw plastic materials was imported from Hong Kong, China,…to bonded warehouse which helps them to store goods and distribute to their local customers conveniently in and outside Tan Tao industrial park. How about your opinions about articles? Did you have any plans to penetrate into Vietnam market? ITATRANS CORP is willing to back you up with our high-grade bonded warehousing services and transportation. Do not hesitate to contact us! -Mr. An Pham- |
Tan Tao Bonded WarehouseTel: (84) 28 3750 7074 / 75
Hotline: (84) 906 89 11 88 Contact: Mr. An Pham Time of posts
April 2017
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