Thailand business mergers triple in 2024
Mergers surged to THB590 billion ($17.2 billion), almost triple the value recorded in 2023, with transport, medical and insurance sectors leading the growth, the Trade Competition Commission of Thailand (TCCT) reported on Wednesday.
Trade Competition Commission of Thailand (TCCT). Photo courtesy of Nation Thailand.
The TCCT said the transport and logistics sector accounted for the highest merger value at THB180 billion in 2024, followed by the medical sector (THB120 billion), and the insurance sector (THB 88 billion).
TCCT secretary-general Wissanu Wongsinsirikul attributed this growth to intense competition driving business expansion and projected further increases in merger activity.
Wissanu added that the TCCT has established rules to ensure that mergers benefit all business operators and protect the economy and consumers. The commission retains the authority to inspect all mergers to safeguard fair competition in Thailand’s economic system.
- Read More
Novaland bonds can be converted to shares at three times market price
Bondholders of a $300 million international bond package of Vietnam’s real estate developer Novaland must pay more than triple the market price to convert their bonds to shares.
Finance - Thu, January 2, 2025 | 6:26 pm GMT+7
Vietnam offers up to 50% of initial investment costs for semiconductor and AI R&D projects
Vietnam’s Investment Support Fund will offer up to 50% of initial investment costs for semiconductors and artificial intelligence (AI) investors with research & development (R&D) projects.
Industries - Thu, January 2, 2025 | 5:56 pm GMT+7
Vietnam's Bac Ninh province receives $1.67 bln FDI
Vietnam’s northern province of Bac Ninh granted 18 investment registration certificates totaling $1.8 billion on Thursday, including $1.67 billion of foreign direct investment.
Industries - Thu, January 2, 2025 | 4:07 pm GMT+7
Thai IP developer NHA okayed to build $41 mln industrial park in central Vietnam
The Vietnamese government has granted in-principle approval to WHA, Thailand's leading industrial park (IP) developer, to build a 183.4-hectare industrial zone in the central province of Nghe An.
Industrial real estate - Thu, January 2, 2025 | 3:20 pm GMT+7
Vietnam's new order growth in Dec slows to three-month low: S&P
The final month of 2024 saw a loss of momentum in the Vietnamese manufacturing sector, as growth of production and new orders slowed, while firms scaled back employment and inventories, according to S&P Global.
Economy - Thu, January 2, 2025 | 2:28 pm GMT+7
Vietnam to prioritize waste-to-energy projects in adjusted power development plan VIII
Vietnam’s Ministry of Industry and Trade has announced plans to maximize support for waste-to-energy project proposals submitted by local governments.
Infrastructure - Thu, January 2, 2025 | 12:37 pm GMT+7
Vietnam stock market likely to move sideways in H1/2025: expert
Vietnam’s stock market is expected to face challenges in the first half of 2025 after achieving growth for the second consecutive year in 2024, says Tran Hoang Son, director of Market Strategy at VPBank Securities JSC.
Finance - Thu, January 2, 2025 | 9:58 am GMT+7
Vietnam economy overcomes challenges, thrives in 2024: HSBC economist
Vietnam’s economy has successfully navigated challenges and achieved significant growth in 2024, thanks to strong economic fundamentals and government support for key domestic sectors, says Yun Liu, ASEAN market economist at HSBC.
Economy - Thu, January 2, 2025 | 8:48 am GMT+7
Singapore’s Sembcorp to acquire 49 MW hydropower asset in Vietnam in H1/2025
Singapore’s giant Sembcorp Industries is set to complete the acquisition of a 49 MW hydroelectric asset in Vietnam in the first half of 2025, the firm said in a Wednesday statement.
Energy - Thu, January 2, 2025 | 8:00 am GMT+7
Top 10 highlights of Vietnam’s 2024 stock market landscape
Foreign investors net sold to the tune of nearly VND90 trillion ($3.53 billion) in 2024, four times the amount seen in 2023. This is one of the highlights of the Vietnamese stock market landscape in 2024.
Finance - Wed, January 1, 2025 | 10:09 pm GMT+7
Durian, rice record export breakthroughs in 2024
Durian, rice, coffee, and forestry products made strong impressions in terms of exports in 2024, driven by a strategic approach to production, market expansion, and record price hikes.
Economy - Wed, January 1, 2025 | 4:13 pm GMT+7
Da Lat town vegetable hotpot warms hearts of the foodies
Da Lat has long been renowned across the nation as a paradise of flowers and organic vegetables, particularly for its vegetable hotpot, a quintessential cuisine carrying a richness of fresh flavours. It looks as good as it tastes.
Travel - Wed, January 1, 2025 | 4:01 pm GMT+7
Vietnam to amend power development plan VIII
Vietnam’s Ministry of Industry and Trade is drafting amendments to the Power Development Plan VIII (PDP VIII) for submission to the Prime Minister by February 28.
Energy - Wed, January 1, 2025 | 3:05 pm GMT+7
Vietnam poised for success in global exports: StanChart exec
Vietnam is well-positioned to capture an increasing share of the global manufacturing and export market, bolstered by its strong integration into international trade through numerous FTAs, says Nguyen Thuy Hanh, Standard Chartered Vietnam’s CEO.
Economy - Wed, January 1, 2025 | 11:18 am GMT+7
Three culinary destinations in Vietnam's top hotels honored by Travel + Leisure
The prestigious US travel magazine Travel + Leisure has announced its list of best restaurants and bars in Vietnam winning the Tastemakers 2024 Awards, three of which are located in top regional hotels.
Travel - Wed, January 1, 2025 | 11:03 am GMT+7
Vietnam retail sector leads earnings growth in Q4: broker
The total earnings across all sectors in Vietnam are expected to rise by 20% year-on-year in Q4/2024, with retail projected to lead the growth, forecasts local securities firm Agriseco.
Companies - Wed, January 1, 2025 | 10:02 am GMT+7
