Three foreign banks led by Japan's Bank of Tokyo-Mitsubishi UFJ will provide a $100 million syndicated loan to VietinBank, the largest of Vietnam's banks part-owned by private companies, the Vietnamese bank said on Thursday.
U.S. crude settled up 32 cents at $56.71 per barrel on Thursday on news that a tribal group made up of former Al Qaeda militants took control of a major southern oil terminal in Yemen after military forces protecting it withdrew from the site.
While cement demand continues to be weak in 2012 and 2013, capacity increased rather quickly. In 2012, total sector capacity was 68.5mn tons while total consumption was just 45.2mn tons, equivalent to 67% capacity.
Plastic packaging is an intersection sector between two industries, Plastics and Packaging. Plastics packaging sector can be broadly categorized into (i) Flexible packaging i.e. mostly for food sector; (ii) Plastic containers & Closures which are mostly for beverage sector; and (iii) Rigid packaging.
Foreign investors and players continued making the acquisition of Vietnamese companies. Japanese investors are still the most active but they had a smooth shift to small and medium companies who are good at their niche markets.
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