Quantcast
Latest Stories

Pangilinan eyes investments in Vietnam

3-day mission seeks ventures in toll road, water

By

Manny Pangilinan. INQUIRER file photo

Businessman Manuel V. Pangilinan is on a three-day business mission to Vietnam to scout for investment opportunities, particularly on toll road and water services.

Inquirer sources said Pangilinan flew to Ho Chi Minh with a high-powered team to join a big group of Filipino businessmen looking for expansion opportunities in the Southeast Asian neighbor.

Apart from toll road and water services, sources close to Pangilinan said the Filipino chief executive of First Pacific Co. Ltd. was also looking for opportunities in mining, hospitals, power, media, food and agribusiness in Vietnam.

Pangilinan met with the Philippine Business Group Vietnam (PBGV) on Tuesday to discuss investment opportunities in a forum co-organized by First Metro Investment Corp., the sources said.  PBGV is a business association that serves as a voice of Philippine businesses in Vietnam.

Joining Pangilinan in the three-day Vietnam trip that ended Wednesday were Metro Pacific Investments Corp. president Jose Ma. Lim, MPIC chief finance officer David Nicol, Philippine Long Distance Telephone Co. vice president Rafael Bejar, Metro Pacific Tollways Corp. president Ramon Fernandez, Manila North Tollways Corp. president Rodrigo Franco, Maynilad Water Services president Victorico Vargas and Maynilad senior vice president Patrick Gregorio.

As part of his itinerary, Pangilinan met over dinner Le Hoang Quan, chair of the Ho Chi Minh City people’s committee, which acts as the executive arm of the provincial government.

Pangilinan was expected to relay First Pacific’s investment philosophy and market presence in the region. The sources said the growing demand for basic services in Vietnam prompted First Pacific to look closely at developing infrastructure partnerships there, particularly in toll roads and water services.

According to the PBGV website, the first Philippine company to set up shop in Vietnam was Unilab in 1990. Among PBGV member companies are United Pharma (Vietnam) Inc., San Miguel Brewery Vietnam Inc., San Miguel Phu Tho Packaging Co. Ltd., San Miguel Yamamura Haiphone Glass Co. Ltd., Univeral Robina Corp., San Miguel (Vietnam) Co., Jollibee Foods Corp., Jollibee Foods Corp., Splash International and Century Food group.

The Ayala group has also entered the Vietnamese market with the acquisition of a significant minority interest in a leading infrastructure company and a bulk water supply company both based in Ho Chi Minh City. Ayala Corp. and subsidiary Manila Water Co. earlier announced a deal to buy a 10-percent stake in Ho Chi Minh City Infrastructure Investment Joint Stock Co. (CII) and a 49-percent stake in Kenh Dong Water Supply Joint Stock Co. (Kenh Dong). In addition to water infrastructure, CII holds toll road concession agreements such as the 15.7-kilometer expansion of the existing Ha Noi Highway which connects the northeastern part of Ho Chi Minh City to Bien Hoa, an industrial center located in the southern part of Vietnam.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , Investments , Manuel V. Pangilinan , Vietnam

  • robrano

    Pangilinan should better eye a safe and fasttelephone and Internet service and stick to the core business instead of 25 additional businesses.
    A PLDT phone and DSL connection at 1 Medabit speed (which usually is extreme slower) costs  about 28 Euro, a 16 Megabit connection with nationwide phone and handy flatrate costs in Europe about 20 Euro.

  • kapitanvic1

    The Philippines should boycott Manny Pangilinan’s first Pacific anyway it is owned by an Indonesian. Investigate what happened to the Philex shares now owned by First Pacific.



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • What Went Before: Malacañang allies alleged involvement in pork scam
  • Timeline: Napoles tell-all
  • 12 senators on Napoles ‘pork’ list, says Lacson
  • Napoles surgery in Makati hospital successful
  • Save the queen? Aide takes fall for Enrile, Gigi Reyes
  • Sports

  • Mixers trim Aces; Painters repulse Bolts
  • Donaire junks Garcia as coach, taps father
  • ’Bye Ginebra: No heavy heart this time
  • UAAP board tackles new rules
  • Baguio climb to decide Le Tour de Filipinas
  • Lifestyle

  • The best flavors of summer in one bite, and more
  • Homemade yogurt, bread blended with pizza, even ramen
  • Visiting chefs from Denmark get creative with ‘ube,’ ‘ buko,’ ‘calamansi,’ mangoes
  • Salted baked potatoes
  • A first in a mall: Authentic Greek yogurt–made fresh in front of diners
  • Entertainment

  • Return of ‘Ibong Adarna’
  • Practical Phytos plans his future
  • In love … with acting
  • From prison to the peak of success
  • ‘Asedillo’ location thrives
  • Business

  • This time, BIR goes after florists
  • Philippine Airlines to stop shipment of shark fins
  • PH banks not ready for Asean integration
  • Stocks down on profit-taking
  • Banks allowed to use ‘cloud’
  • Technology

  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Viber releases new design for iPhone, comes to Blackberry 10 for the first time
  • Engineers create a world of difference
  • Bam Aquino becomes Master Splinter’s son after Wiki hack
  • Mark Caguioa lambasts Ginebra teammates on Twitter
  • Opinion

  • Editorial cartoon, April 24, 2014
  • Talking to Janet
  • Respite
  • Bucket list
  • JPII in 1981: walking a tightrope
  • Global Nation

  • PH seeks ‘clearer assurance’ from US
  • China and rivals sign naval pact to ease maritime tensions
  • What Went Before: Manila bus hostage crisis
  • Obama arrives in Tokyo, first stop of 4-nation tour
  • Believe it or not: Filipinos love US more than Yanks
  • Marketplace