Jardines Matheson Group looking to join SOE divestment in Vietnam

Tuan Minh

Mar 13, 2018 / 11:26 AM

Deputy Prime Minister Vuong Dinh Hue hosted the reception for Henry Keswich, Chairman of the UK’s Jardines Matheson Group, in Hanoi on March 12.

Jardines Matheson Group holds 10% of the charter capital of Vinamilk

The UK’s Jardines Matheson Group is a multi-sectoral and multi-national group which has been present in Vietnam for over 20 years. It holds 10% of the charter capital of Vinamilk, 25% of the capital of Truong Hai Auto Corporation, and 23% of Refrigeration Electrical Engineering Corporation (REE).

During his reception, Deputy Prime Minister Vuong Dinh Hue stated that the Vietnamese Government will work to ensure macroeconomic stability and create a favorable business environment in conformity with international standards and practices.

He asked the British group to pay attention to developing fields like milk products, automobile, machinery, construction, real estate, and finance and insurance, and expand presence in State-owned enterprise (SOE) and credit institution restructuring in Vietnam.

Expanding investment in Vietnam will benefit Jardines Matheson as the country is a member of more than 10 free trade agreements, he affirmed.

Henry Keswich expressed interest in the equitisation and divestment of Vietnamese SOEs, hoping to participate in this field.

He pledged to help Vietnam develop its capital market with high-level services in the time to come.

Henry Keswich said that with the policies of the Vietnamese Government, Jardines Matheson will be confident to increase investment in Vietnam and is looking forward to helping Vietnam develop capital markets with high-level services in the coming time.

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