Thai firms targeting cement companies after entering supermarket, home appliance marketsVietNamNet Bridge - Sanan Angubolkul, Chair of the Thailand-Vietnam Business Association, has called Vietnam the ‘darling of the world’, meaning that it has become quite attractive to foreign investors. With the Thai presence in the cement industry, Vietnamese cement manufacturers will meet difficulties, especially oversupply. The buyer that acquired a 65 percent of stake in LagargeHolcim Vietnam from the Swiss owner was Siam City Cement Public Co (SCCC), a conglomerate from Thailand. Two of its advantages are high quality and fast shipping.Experts have warned that with the Thai presence in the cement industry, Vietnamese cement manufacturers will meet difficulties, especially oversupply.Economists commented that Thais have been taking rapid-fire steps towards the 90 million consumer market.Before cement, Thai jumped into the lucrative retail market. Big C and Metro Cash & Carry, two large retail markets, fell into Thai hands.Thai Minister of Foreign Affairs Don Pramudwinai predicted that Thailand would be among the top 10 foreign investors in Vietnam.Cafebiz

Source: VietNamNet News August 27, 2016 06:56 UTC