REGIONAL: Company News Analysis

May 2003
Asia Monitor: South East Asia Monitor Volume 1;May2003, Vol. 14 Issue 5, p5
Country Report
Country Report
This article overviews banking, electronics and automobiles sectors of Thailand and electronics industry in Vietnam as of May 2003. The Australia New Zealand Banking Group has announced it is in talks to acquire a stake of up to 20% in the Thai Military Bank.Merrill Lynch Phatra Securities, a joint venture between US investment bank Merrill Lynch and the Thai Farmers Bank, is hoping to double its profits in 2003, following a disappointing fall in income to THB110mn in 2002 from THB172mn in 2001. Japan's Matsushita Electric Industrial Co. Ltd. plans to invest JPY2bn in a Vietnamese subsidiary, which will produce and sell washing machines, refrigerators and other consumer electronics. The unit's output will be both for domestic consumption and export. The unit will be set up in September 2003. This will be the company's second plant in Vietnam. The U.S. carmaker Ford Corp. has chosen to export its Everest sports utility vehicle from its Thailand-based plant.


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