Thailand says can help Vietnam to finance $605b infrastructure investment

[Nike]

Singapore has SGD1 trillion worth of reserves to invest but I doubt the Singapore government will invest much of it in infrastructure spending in the region. That's because we are focused on investments returns to maximize our purchasing power in the long run and infrastructure spending usually don't generate investment returns; they generate economic returns in the surrounding area which our investments would not be able to capture.

However we can contribute to ASEAN by sharing our know-how and setting up an ecosystem for funding of infrastructures, which is much more effective and sustainable. Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime.


Read more at https://www.channelnewsasia.com/new...forts-to-attract-private-capital-for-10107022

Singapore to play a key role in Asia's infrastructure development

https://www.businesstimes.com.sg/as...-key-role-in-asias-infrastructure-development

Let the Chinese and Japan playing the parts to invest infrastructure building in the region as they already being an expert in this kind of business and their geopolitical Interest is further boon for them to do so. Singapore should do what they are capable off, like investing in industrial estates and banking sector.

so Thailand's 10B would be the second largest in ASEAN region.? sure , investing in infra is always a good choice. i thought indo will also raise its budget to new height around 10B.

Not really needed to playing the catch up in military expenditure race actually. We are already better managed and accounted than before, so we will spent the sums more wisely.

 

[somsak]

https://e.vnexpress.net/news/busine...bors-urged-to-lean-less-on-china-3759872.html

Thailand proposes to set up a Mekong investment fund in an effort to undermine China AIIB and other Chinese banks.

Smart Siamese

@somsak

We're broke, bro

 

[Viet]

We're broke, bro

Oh fck what happened? Thailand is Vietnam’s greatest hope.

sure. bro. no doubt all mekong countries will benefit from it.
but i doubt Thailand alone can afford such large amount of money. it's only possible when other asia gaints team up with us.
BTW u should make a thread like "Jakarta , the other side u dont know" featuring wonderful Vietnam cities skylines.
i just saw HCMC and Hanoi skyline in other forum and it's really amazing..!!

There are just few skyscrapers here and there. Some will troll on us saying we brag if creating thread about Viet buildings.

 

[rambro]

In usd, thai do not have that kind of money.
Even if they did why would they blow it on a foreign country and not on their on infra?

 

[somsak]

Thailand government is expected to get 2.55 trillion BAHT this year, but plan to use 3 trillion BAHT. What makes up for the deficit? Loan money. That's why I said we are broke.

 

[Brainsucker]

so Thailand's 10B would be the second largest in ASEAN region.? sure , investing in infra is always a good choice. i thought indo will also raise its budget to new height around 10B.

Indonesia needs is different to Thailand needs. Our territory has more water than Thailand. So we need more ships and aircraft than Thailand. And you know that Navy and Airforce bleed your money more than Army. That's why 8B is so little for our military spending.

 

[Kiss_of_the_Dragon]

https://e.vnexpress.net/news/busine...bors-urged-to-lean-less-on-china-3759872.html

Thailand proposes to set up a Mekong investment fund in an effort to undermine China AIIB and other Chinese banks.

Smart Siamese

@somsak

Most likely they will undermine Vietnam effort of influencing Laos and Cambodia, of course we will be delight to see Thailand than Vietnam to be dominant in this region...and we will support Thailand initiative

 

[Viet]

Thailand government is expected to get 2.55 trillion BAHT this year, but plan to use 3 trillion BAHT. What makes up for the deficit? Loan money. That's why I said we are broke.

Not a problem. The world lives on loans. Look at Japan! Large part of the government budget is financed by new debts. The trick lies in the ability to make the world to believe to Japan economy and to Japan currency the Yen.

If Thailand wants to become the group leader of Indochina, you should follow the Japanese by expanding fiscal policy.

 

[Viva_Viet]

We're broke, bro

There r many Thai billionaires investing in VN now
------------
hai billionaires pour more money into Vietnam
VietNamNet Bridge - The huge assets worth $40 billion owned by three Thai billionaires will become larger thanks to the market of 90 million Vietnamese.

From left: Dhanin Chearavanont, Tos Chirathivat and Charoen Sirivadhanabhakdi


While football fans know the trio strikers B-B-C of Real Madrid Club and M-S-N of Barcelona, who have been ruling the roost on European football grounds, businesses know the three Thai billionaires C-S-C who have been expanding their business in Vietnam.

These are the three richest families in Thailand: Chearavanont (CP Group), Sirivadhanabhakdi (TCC Holdings) and Chirathivat (Central Group). The total asset value of the three businessmen is estimated at $40 billion.

With the investments the three richest have made in Vietnam, analysts believe that they would earn no less than $4 billion from the market.

The Thai names are difficult for Vietnamese to remember, but they have become quite familiar. Two of the three have spent $1.7 billion within a short time to take over two leading retail chains in Vietnam – Big C and Metro.

The third one, Dhanin Chearavanont, has been making direct investment in Vietnam over the last 20 years. He is the owner of CP Vietnam, the biggest agricultural company.

After cementing its firm position in the animal feed market, CP Vietnam has been expanding its animal husbandry and processing products from meat, fish and poultry.

CP Vietnam reported revenue of $2.1 billion in 2015, which was nearly double the revenue of both Big C and Metro.

The trio C-S-C, after a long period of investment, now has in their hands an extremely valuable investment portfolio, which includes Metro, Big C, CP Vietnam, Nguyen Kim and Phu Thai Group with total revenue of $4 billion, or 2 percent of Vietnam’s GDP.

Analysts said they were sure that theThai billionaires are still eyeing more Vietnamese conglomerates.

Charoen Sirivadhanabhakdi, through his subsidiary F&N in Singapore, now holds an 11 percent of stake of Vinamilk, the Vietnamese leading dairy producer, worth $800 million.

Once the State Capital Investment Corporation (SCIC) divests from Vinamilk as planned, F&N would be one of the most likely candidates to buy more Vinamilk shares.

The huge assets worth $40 billion owned by three Thai billionaires will become larger thanks to the market of 90 million Vietnamese.
The analysts commented that the presence of C-S-C in Vietnam shows strong investment by Thais in Vietnam, not just separate investment deals.

Some months ago, Santi Bhirombhakdi, Thailand's seventh richest billionaire, poured $650 million out of the committed capital of $1.1 billion into Masan Consumer Holdings.

As such, though Thai still do not hold a controlling stake, they have made heavy investments in two Vietnamese leading consumer goods manufacturers – Masan and Vinamilk.

Thailand's fourth richest billionaire Chalerm Yoovidhya is also well known in Vietnam as the owner of the company that makes Red Bull, an energy drink.

http://english.vietnamnet.vn/fms/business/156132/thai-billionaires-pour-more-money-into-vietnam.html

 

[somsak]

There r many Thai billionaires investing in VN now
------------
hai billionaires pour more money into Vietnam
VietNamNet Bridge - The huge assets worth $40 billion owned by three Thai billionaires will become larger thanks to the market of 90 million Vietnamese.

From left: Dhanin Chearavanont, Tos Chirathivat and Charoen Sirivadhanabhakdi


While football fans know the trio strikers B-B-C of Real Madrid Club and M-S-N of Barcelona, who have been ruling the roost on European football grounds, businesses know the three Thai billionaires C-S-C who have been expanding their business in Vietnam.

These are the three richest families in Thailand: Chearavanont (CP Group), Sirivadhanabhakdi (TCC Holdings) and Chirathivat (Central Group). The total asset value of the three businessmen is estimated at $40 billion.

With the investments the three richest have made in Vietnam, analysts believe that they would earn no less than $4 billion from the market.

The Thai names are difficult for Vietnamese to remember, but they have become quite familiar. Two of the three have spent $1.7 billion within a short time to take over two leading retail chains in Vietnam – Big C and Metro.

The third one, Dhanin Chearavanont, has been making direct investment in Vietnam over the last 20 years. He is the owner of CP Vietnam, the biggest agricultural company.

After cementing its firm position in the animal feed market, CP Vietnam has been expanding its animal husbandry and processing products from meat, fish and poultry.

CP Vietnam reported revenue of $2.1 billion in 2015, which was nearly double the revenue of both Big C and Metro.

The trio C-S-C, after a long period of investment, now has in their hands an extremely valuable investment portfolio, which includes Metro, Big C, CP Vietnam, Nguyen Kim and Phu Thai Group with total revenue of $4 billion, or 2 percent of Vietnam’s GDP.

Analysts said they were sure that theThai billionaires are still eyeing more Vietnamese conglomerates.

Charoen Sirivadhanabhakdi, through his subsidiary F&N in Singapore, now holds an 11 percent of stake of Vinamilk, the Vietnamese leading dairy producer, worth $800 million.

Once the State Capital Investment Corporation (SCIC) divests from Vinamilk as planned, F&N would be one of the most likely candidates to buy more Vinamilk shares.

The huge assets worth $40 billion owned by three Thai billionaires will become larger thanks to the market of 90 million Vietnamese.
The analysts commented that the presence of C-S-C in Vietnam shows strong investment by Thais in Vietnam, not just separate investment deals.

Some months ago, Santi Bhirombhakdi, Thailand's seventh richest billionaire, poured $650 million out of the committed capital of $1.1 billion into Masan Consumer Holdings.

As such, though Thai still do not hold a controlling stake, they have made heavy investments in two Vietnamese leading consumer goods manufacturers – Masan and Vinamilk.

Thailand's fourth richest billionaire Chalerm Yoovidhya is also well known in Vietnam as the owner of the company that makes Red Bull, an energy drink.

http://english.vietnamnet.vn/fms/business/156132/thai-billionaires-pour-more-money-into-vietnam.html

Vietnamese would have had their own super ultra rich people. Had they continue capitalism, and Huo population in Saigon, after she fell in to Hanoi's.