VN Dealbook: Saint Gobain ups stake in Vinh Tuong, Siam Cement increases investment for Vietnam-based JV

VN Dealbook: Saint Gobain ups stake in Vinh Tuong, Siam Cement increases investment for Vietnam-based JV

Visual from Vinh Tuong's website

The Vietnamese market continues to attract attention from overseas investors. Saint Gobain, a French construction materials firm, said it plans to increase its holding in the Ho Chi Minh City-based ceiling and partition producer Vinh Tuong Industrial Corporation to a controlling stake of 57 per cent. Meanwhile, Thai Siam Cement Group has also decided to invest more in its Vietnam-based joint venture with Japan’s Rengo Co Ltd.

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