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VietNam Engine and Agricultural Machinery Corporation (VEAM)
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Introduction:
VEAM was founded on 1990 by Decision No.153 HÐBT
of the Council of Ministers of Vietnam and re-established by Decision
No.1119/QÐ-TCCBÐT dated October 27, 1995 of the Ministry of Heavy Industry.
VEAM has 15 subsidiaries including companies, factories and R & D
institutes with over 7000 employees in total. VEAM also are Vietnamese
partner of automobile and motorcycle Joint Venture companies in Vietnam.
- Vietnamese name: Tổng Công ty Máy Động lực và Máy nông nghiệp
- English name: VietNam Engine and Agricultural Machinery Corporation
- Transaction name: VEAM
- Head Office: 2 Trieu Quoc Dat Street, Hoan Kiem District, Hanoi.
- Tel.: 84-4-8250854, 9346052, 9346053, 9346054
- Fax: 84-4-8260695
- Email: veamcorp@hn.vnn.vn
- Chairman of BOM: Dr. Lam Chi Quang.
- General Director: Dr. Nguyen Thanh Giang.
Current
business activities:
VEAM's operations mainly on the field of manufacturing,
business, R & D of power products, agricultural machinery, tractor,
automobile, motorcycle, equipment for on land and water transportation
means and other equipment and mechanical products. The products meet the
domestic demand and to be exported to many countries in the world.
The
factories and division of VEAM:
- Song Cong Diesel Company (DISOCO)
- Machinery Spare Parts Company No. 1 (FUTU1)
- Tractor and Agricultural Machinery Company
- VIKYNO Company (VIKYNO)
- VINAPPRO Company (VINAPPRO)
- Tran Hung Dao Mechanical Company
- Machinery Spare Parts Company No. 2 (NAKYCO)
- Foundry Company No. 1 (FOUNDCO)
- Material Export-Import Company (MATEXIM)
- Pho Yen Mechanical Factory
- COLOA Mechanical Factory
- Precision Equipment Factory No. 1
- Research Institute of Agricultural Machinery (RIAM)
- Research Institute of Technology for Machinery
- Vinh Engineering Company
VEAM
as partner of joint ventures:
- Toyota Motor Vietnam Co.,Ltd
- Mekong Auto Corporation
- Ford Vietnam Ltd
- Vietnam Suzuki Corporation (Visuco)
- Honda Vietnam Company Ltd
- Kumba Co., Ltd
- Vina - Japan Engineering Limited
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KUO GROUP
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Introduction:
The Kuo Group is a privately owned Asia-based conglomerate with interests in oil trading, shipping, investments, property and various leisure related businesses.
The history of The Group dates back to the early 1940s when it began trading as a commodity company in Singapore, specializing in rubber, tin, timber, coffee and pepper.
The Group’s activities are managed and controlled by its headquarter in Singapore. It has branch offices in New York, London, Hong Kong, Vietnam and various other countries.
Current
business activities:
- Oil Trading & Related Businesses:
The core business of The Group is the trading of crude oil and refined oil products. To support this core business, related businesses such as the ownership of storage facilities and transportation means for oil products are also part of our activities.
- Property Development & Management:
Kuo Group has extensive involvement in the development and management of luxurious residential properties in the prime districts of Singapore. For example, Four Seasons Park, a premium residential condominium project in the Orchard Road area.
The Group also owns several commercial buildings, such as The Riverside, a commercial cum retail building located just next to the Singapore River, and Southpoint, an office tower in which The Group’s headquarter is located.
- Hotels & Resorts:
Through its subsidiary, Hotel Properties Limited, which is a publicly listed company on the Singapore Stock Exchange, The Groups owns numerous 5 star hotels in Asia as well as other part of the world.
| Singapore: |
Four Seasons Hotel; Hilton International; Le Meridien; Holiday Inn Atrium Hotel. |
| Malaysia: |
Concorde Hotel, Kuala Lumpur; Concorde Hotel, Shah Alam; The Lakehouse Hotel, Cameron Highlands; Casa Del Mar, Langkawi. |
| Indonesia: |
Four Seasons Resort, Bali; Hard Rock Café Resort, Bali. |
| Thailand: |
Le Meridien, Phuket. |
| Australia: |
Park Royal Hotel, Perth. |
| Maldives: |
Four Seasons Resort, Kuda Hurra. |
Besides ownership, The Group is also involved in the business of hotel management under the Concorde Resorts & Hotels Management Co.
- Leisure/F&B:
The Groups holds the franchise to Hard Rock Café in the Asia Pacific region and is currently operating the theme restaurants in Singapore, Hong Kong, China, Malaysia, Indonesia, Australia, Taiwan, Thailand and Korea.
Similarly, The Group also owns a stake in Planet Hollywood International Inc., and holds the exclusive franchise to operate its restaurants in the Asia Pacific region. It currently operates more than 10 Planet Hollywood restaurants in the region.
The Group also holds the franchise to Hagaan Daz, the premium ice cream, in various countries in the region, including Singapore and Hong Kong.
- Stock-broking & Securities:
The Group used to control Vicker Ballas, one of the premier stock-broking
companies in Singapore. It has since merged with DBS Securities, the
stock-broking subsidiary of DBS Bank. The Groups still holds a stake
in DBS Vickers.
Activities
in Vietnam:
Besides the investment in Toyota Motor Vietnam, The Group also invested in an asphalt storage and distribution terminal in Haiphong, together with Caltex.
Kuo Group recently signed a joint venture agreement with Petrolimex to set up an oil products storage terminal in Khanh Hoa Province. Operation should commence by 2006.
The Group has also been heavily involved in the trading of oil products in Vietnam, with a history of over 20 years.
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