Strategic partnerships have become a popular option for businesses, especially in the volatile circumstances of the growing domestic stock market and growing globalisation.
The most notable agreement is a partnership between PetroVietnam and Lilama in the energy, cement, engineering manufacturing, shipbuilding, transport, real estate, finance and banking sectors. PetroVietnam and Lilama are also considering the possibility of trading shares and sharing investment capital to become founding shareholders.
The Hua Na hydroelectric project is one result of their agreement. The company, with chartered capital of VND1.2tril, was established to own the hydropower plant.
PetroVietnam has already signed a comprehensive agreement with Vietnam Airlines to start an air taxi joint stock company, while Lilama has inked a construction and banking services agreement with Military Bank.
Two State-run groups, Bao Viet and VNPT, recently signed a strategic co-operative agreement where by the former will be responsible for insuring property, equipment, human resource and other VNPT assets, while the latter will become the post and telecom service provider to Bao Viet.
In the distribution sector, the four biggest Vietnamese retailers, Ha Noi Trade Corporation (Hapro), Sai Gon Trade Corporation (Satra); Sai Gon Co-op and Phu Thai Group, have decided to join forces to set up Viet Nam Distribution Association Network (VDA), which is hoped will become the leading distribution and logistics group in Vietnam and will pre-empt and compete effectively with large foreign distributors.
Under its WTO commitments, Vietnam will open its distribution market in 2009. Meanwhile, giant distribution groups are already present in Vietnam, including Metro, Big C and Parkson. In the future Lotte Shopping, Carefour and Wal-mart are expected.
With an investment capital of VND1.5tril ($93.75mil) in the first period of investment (March 2007-October 2008) and VND3-6tril ($187.5-375mil) in the second (November 2008-October 2011), VDA will focus on the development of modern trade centres, supermarkets and hypermarkets, which are planned to control a majority share of the distribution market.
During its debut ceremony, VDA signed three strategic co-operative agreements with Viet Nam National Shipping Lines (Vinalines), Viet Nam Association of Seafood Exporters and Producers (VSAP) and Bank for Investment and Development of Viet Nam (BIDV).
Intel Vietnam has inked a MoU on co-operation with Electricity of Viet Nam (EVN) Group to implement IT solutions in the sector and so strengthen its competitiveness.
However the record to ink strategic agreements must go to Hanaka group joint stock company based in Bac Ninh Province, which has become strategic partners with 10 local and foreign companies such as Japanese Sumitomo, Korean Golden Bridge, Vietcombank and Bach Dang Shipyard.
Source: VNE
Showing posts with label Lilama. Show all posts
Showing posts with label Lilama. Show all posts
Wednesday, June 20, 2007
Friday, June 15, 2007
Lilama rolls out bond issuance
The Viet Nam Construction and Machinery Installation Corporation (Lilama) issued 1,000 billion VND in bonds through the Deutsche Bank AG and the Habubank Securities Company.
Lilama said that the bond issuance would be used to raise capital for its Vung Ang 1 Thermoelectricity Power Project.
The ten-year bonds will be released in book-entry form and bear an annual interest rate of 9.2%.
Source: VNA
Lilama said that the bond issuance would be used to raise capital for its Vung Ang 1 Thermoelectricity Power Project.
The ten-year bonds will be released in book-entry form and bear an annual interest rate of 9.2%.
Source: VNA
Friday, May 25, 2007
Petrovietnam and Lilama to build hydroelectric power plant
Two State-owned giants, PetroVietnam and Lilama, will join forces to build the Hua Na hydroelectric facility in the central province of Nghe An, under an agreement signed on May 24.
Hua Na Hydropower Co Ltd will complete the joint venture, which will be formed with total capital of 1.2 trillion VND (75 million USD). PetroViet nam and Lilama shall each hold 14%, with addition stakes held by Military Bank, Sai Gon Securities Incorporation, Sai Gon Commercial Bank, Lilama 10 and Financial Investment and Consulting Co.
The combined facility and reservoir, covering a total area of 20.6sq.km, will be built at a cost of 4.3 trillion VND (270.8 million USD). Construction of the 180MW plant is expected to start in the first quarter of next year, with the plant to go on line in the first quarter of 2011.
Apart from the power project, the new joint venture will outfit other power plant and mining facilities and expand into real estate development.
The Do Luong Cement Plant is one project on the drawing board.
PetroVietnam and Lilama have also agreed to form a stronger strategic partnership. Lilama will become a supplier to Petro Vietnam construction projects, while PetroVietnam will provide financing and insurance services for the projects in which Lilama is a primary investor.
Source: VNA
Hua Na Hydropower Co Ltd will complete the joint venture, which will be formed with total capital of 1.2 trillion VND (75 million USD). PetroViet nam and Lilama shall each hold 14%, with addition stakes held by Military Bank, Sai Gon Securities Incorporation, Sai Gon Commercial Bank, Lilama 10 and Financial Investment and Consulting Co.
The combined facility and reservoir, covering a total area of 20.6sq.km, will be built at a cost of 4.3 trillion VND (270.8 million USD). Construction of the 180MW plant is expected to start in the first quarter of next year, with the plant to go on line in the first quarter of 2011.
Apart from the power project, the new joint venture will outfit other power plant and mining facilities and expand into real estate development.
The Do Luong Cement Plant is one project on the drawing board.
PetroVietnam and Lilama have also agreed to form a stronger strategic partnership. Lilama will become a supplier to Petro Vietnam construction projects, while PetroVietnam will provide financing and insurance services for the projects in which Lilama is a primary investor.
Source: VNA
Tuesday, May 22, 2007
What is the truth of the “dinosaur” Lilama Land?
Investors, who rushed to buy shares of Lilama Land recently, have been shocked as Lilama Corporation has denied the cooperation with Hanoi Land and responsibility for any share transactions on the black market before the date of Lilama Land establishment.
In mid April 2007, local newspapers all reported a breaking news about the cooperation of Lilama Corporation, a well known machinery installation corporation, and the Hanoi Real Estate Joint Stock Company (Hanoi Land). The cooperation between the two giants in their fields is hoped to create the No 1 real estate group in Vietnam, which is capable to compete with the world’s biggest groups.
Le Trung Kien, Chairman of Hanoi Land said in interviews given to the press that right at the establishment, the new entity would undertake 10 big investment projects, including one worth $1bil. Mr Kien stated that Lilama Land will only target huge projects capitalized at several hundred million dollars or higher.
The information has, immediately, stirred up the market. Members of Vietstock forum, a securities website, called Lilama Land the ‘dinosaur’ in the field of real estate development, meaning that it would be a giant in the field. They thought that the offered VND18-20,000/share were considered ‘soft’ prices (just 1.8-2 times higher than the face value).
When asked what he expected when buying Lilama Land’s shares, an investor said that he hoped to gain the profit of 200-300% by the end of this year.
The problem lied in the fact that the ‘right to buy shares’ they got in the deals were just the written papers which showed the volume of shares they owned. They were told that the shareholders’ books will only be given in one or two months.
Investors have been exceedingly astonished as they could not find out where the headquarters of Hanoi Land as. A member named “khong_ban_lo’ on Vietstock wrote on May 11 that when he came to Lilama headquarter at No 124 Minh Khai street in Hanoi to ask about the procedures to buy Lilama Land’s shares, he was told that there has been no official announcement about the selling of Lilama Land’s shares.
A staff from Lilama gave him the card of Le Trung Kien, saying that this was the Chairman of Hanoi Land. When he came to No 302 Lac Trung, provided on the card, he found out that it was the branch of chemical and fertilizer company (PVFCCo). He called Mr Kien at the given cellphone number, but no one answered the phone.
He then checked at www.hapi.gov.vn, the website run by the Hanoi Planning and Investment Development and found out that Hanoi Land has another chairman, a Mr Nhon, and it is located somewhere in Thanh Cong residential quarter.
Lilama Vietnam has made a report to the Ministry of Construction and A17 Agency under the Ministry of Public Security on the sale of the right to buy Lilama Land’s shares.
In fact, Lilama, in its strategy to become a multi-funtional economic group, is planning to set up several new joint stock companies, including Lilama Land.
Lilama has heard that in the last several months, several institutions and individuals have invited investors to make capital contributions to Lilama Land. However, in fact, only on May 17, Lilama’s management board made the decision on setting up Lilama Land, the founding shareholders of which include Lilama, Vinataba (tobacco), Habeco (brewery), VNCC (construction consultancy), Tan Long (real estate), and Duc Giang Garment Co.
The list of the shareholders did not contain Hanoi Land. Lilama has announced that it would not take responsibility for any transactions relating to Lilama Land’s shares conducted before the official establishment of Lilama Land.
Source: VNE
In mid April 2007, local newspapers all reported a breaking news about the cooperation of Lilama Corporation, a well known machinery installation corporation, and the Hanoi Real Estate Joint Stock Company (Hanoi Land). The cooperation between the two giants in their fields is hoped to create the No 1 real estate group in Vietnam, which is capable to compete with the world’s biggest groups.
Le Trung Kien, Chairman of Hanoi Land said in interviews given to the press that right at the establishment, the new entity would undertake 10 big investment projects, including one worth $1bil. Mr Kien stated that Lilama Land will only target huge projects capitalized at several hundred million dollars or higher.
The information has, immediately, stirred up the market. Members of Vietstock forum, a securities website, called Lilama Land the ‘dinosaur’ in the field of real estate development, meaning that it would be a giant in the field. They thought that the offered VND18-20,000/share were considered ‘soft’ prices (just 1.8-2 times higher than the face value).
When asked what he expected when buying Lilama Land’s shares, an investor said that he hoped to gain the profit of 200-300% by the end of this year.
The problem lied in the fact that the ‘right to buy shares’ they got in the deals were just the written papers which showed the volume of shares they owned. They were told that the shareholders’ books will only be given in one or two months.
Investors have been exceedingly astonished as they could not find out where the headquarters of Hanoi Land as. A member named “khong_ban_lo’ on Vietstock wrote on May 11 that when he came to Lilama headquarter at No 124 Minh Khai street in Hanoi to ask about the procedures to buy Lilama Land’s shares, he was told that there has been no official announcement about the selling of Lilama Land’s shares.
A staff from Lilama gave him the card of Le Trung Kien, saying that this was the Chairman of Hanoi Land. When he came to No 302 Lac Trung, provided on the card, he found out that it was the branch of chemical and fertilizer company (PVFCCo). He called Mr Kien at the given cellphone number, but no one answered the phone.
He then checked at www.hapi.gov.vn, the website run by the Hanoi Planning and Investment Development and found out that Hanoi Land has another chairman, a Mr Nhon, and it is located somewhere in Thanh Cong residential quarter.
Lilama Vietnam has made a report to the Ministry of Construction and A17 Agency under the Ministry of Public Security on the sale of the right to buy Lilama Land’s shares.
In fact, Lilama, in its strategy to become a multi-funtional economic group, is planning to set up several new joint stock companies, including Lilama Land.
Lilama has heard that in the last several months, several institutions and individuals have invited investors to make capital contributions to Lilama Land. However, in fact, only on May 17, Lilama’s management board made the decision on setting up Lilama Land, the founding shareholders of which include Lilama, Vinataba (tobacco), Habeco (brewery), VNCC (construction consultancy), Tan Long (real estate), and Duc Giang Garment Co.
The list of the shareholders did not contain Hanoi Land. Lilama has announced that it would not take responsibility for any transactions relating to Lilama Land’s shares conducted before the official establishment of Lilama Land.
Source: VNE
Subscribe to:
Posts (Atom)
