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Tag Archives: Report

Foxconn to buy Microsoft’s Vietnam phone plant for $22 mln: report

Taiwanese electronics manufacturer Foxconn will acquire Microsoft Mobile Vietnam to produce feature phones and smartphones in the Southeast Asian country, news website Deal Street Asia reported on Friday. The VND492.4 billion (US$ 22 million) consideration will be payable within seven business days of the closing date of the transaction, the ...

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Vietnam demands $159 million tax on Big C deal: report

More than a month after France’s Casino Group completed the US$ 1.04 billion sale of supermarket chain Big C Vietnam to Thailand’s Central Group, the Vietnamese tax authority has reportedly grown impatient with the late tax payment on the record deal. In a recent letter to the companies, the General ...

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Taiwan’s Formosa delays plant opening in Vietnam: report

Formosa Plastics Group has decided to postpone the launch of its steel mill in Vietnam with no new opening schedule, Taipei Times reported Thursday. The newspaper quoted Formosa Ha Tinh Steel Corp’s Vice President Chang Fu-ning as saying that the No. 1 furnace of the steel complex, which is located ...

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Bangkok Bank targets 18 percent growth in Vietnam: report

Bangkok Bank, Thailand’s largest lender by assets, has more than tripled its registered capital in Vietnam as it targets an ambitious loan growth of 18 percent this year. Tharabodee Serng-Adichaiwit, general manager of the Vietnam branch, said in a Bangkok Post report that the bank is positive Vietnam’s economic growth ...

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