key from unit 6 to unit 10 ESP

Sample of End of Term Test for ESP

Multiple Choice (5points)1. A card which guarantees payment for goods and services purchased by the cardholder, who pays

back the bank or finance company at a later date.A. A statement B. A cash card C. A debit card D. A credit card

2. A plastic card issued to bank customers for use in cash dispensers.A. A statement B. A cash card C. A debit card D. A credit card

3. An arrangement by which a customer can withdraw more from a bank account than has been deposited in it, up to an agreed limit; interest on the debt is calculated daily.A. A sight draft B. A time draft C. An overdraft D. A banker’s draft

4. The cost of borrowing money, usually expressed as a percentage of the amount borrowed. A. Interest rate B. A collateral C. mortgage D. Inflation rate

5. Anything that acts as a security or guarantee for a loanA. Collateral B. Mortgage C. Warranty D. Guarantee

6. With the open account method of payment, payment is madeA. before the goods are shipped C. after the goods have arrivedB. when there is no contract involved D. when the exporter doesn’t trust the buyer.

7. If a letter of credit is confirmed, ……………… takes responsibility for payment.A. the importer’s bank B. the importer C. the exporter D. the exporter’s bank

8. The payment method needs complete trust between the exporter and the importer.A. Bill for collection B. Letter of credit C. Advance payment D. Open account

9. With this method of payment, banks play a passive role. All banks have to do is to follow the instructions of the buyer and the seller and get a collection fees in return.A. Documentary credit B. Open account C. Bill for collection D. Advance payment

10. With this method of payment, banks play an active role. Banks are responsible for paying for the exporter in case the importer fails to do so.A. Documentary credit B. Open account C. Bill for collection D. Advance payment

11. This method of payment creates cash flow problems and increases risk for the buyer.A. Documentary credit B. Open account C. Bill for collection D. Advance payment

12. What do we call goods that go from one country to another?A. exports B. imports C. visible exports and imports D. invisible exports and imports

13. What do we call the difference between a country’s imports and exports?A. the balance of trade B. the balance of payments C. the surplus D. the deficit

14. What do we call the difference between all the money paid out and received by a country?A. the balance of trade B. the balance of payments C. deficit D. surplus

15. The situation in which a country has no foreign tradeA. Surplus B. deficit C. autarky D. deficits

16. The term used to describe attempts to restrict imports into the country:A. tax B. quota C. protectionism D. tariff

17. International trade develops because certain countries are able to produce some goods more efficiently than other countries. They exchange these goods in order to satisfy their needs and wants.A. Countries import the goods which they produce efficiently.B. Countries probably export the goods which are not efficiently produced.

C. Countries probably exchange goods which they produce efficiently for goods which other countries produce efficiently.

D. Efficient exchange results from international trade.

18. A document that shows details of goods being transported; it entitles the receiver to collect the goods on arrival.

A. An invoice B. A bill of exchange C. A bill of lading. D. A draft19. A bank that issues a letter of credit (i.e. the importer’s bank)

A. Collecting bank B. Issuing bank C. Confirming bank D. Advising bank20. A country can accrue wealth if it exports more than it imports.

A. This country has a balance of trade deficit.B. Demand for this country’s currency will fall.C. This country receives money from countries which import its products.D. All of these above.

Topics for essay writing (5points)1. What are the advantages and disadvantages of international trade?2. What are the advantages of international trade to businesses?3. Globalization makes rich countries richer and poor countries poorer. Do you agree?4. Why is letter of credit the commonest method of payment in international trade?5. What are the advantages and disadvantages of letter of credit?6. What are the advantages and disadvantages of open account method of payment?7. How do banks facilitate the workings of modern life?8. What are roles of banks in international trade?

Key to Unit 6- ESP2Vocabulary

2. Vocabulary: Match up these words and expressions with the definitions below1. trade in goods- K2. trade in services (banking, insurance, tourism, and so on)-H3. direct exchanges of goods, without the use of money-L4. the difference between what a country receives and pays

for its exports and imports of goods-G5. the difference between a country’s total earnings from

exports and its total expenditure on imports-D6. the (impossible) situation in which a country is completely

self –sufficient and has no foreign trade -A7. a positive balance of trade or payments -F8. a negative balance of trade or payments- B9. selling goods abroad at (or below) cost price- E10. imposing trade barriers in order to restrict imports-M11. taxes charged on imports-I (tariffs)12. quantitative limits on the import of particular products or

A. autarky

B. deficit

C. quotas

D. balance of payments

E. dumping

F. surplus

G. balance of trade

H. invisible imports and exports

I. tariffs

K. visible trade (GB) or

commodities-C (quotas) merchandise trade (US)

L. barter or counter-trade

M. protectionism

Reading1. Because it can be shown that if all countries specialize in the goods or services in which they are

most productive (in which they have an absolute or a comparative advantage), they will all raise their income.

2. In order to protect jobs and what they consider to be strategic industries.3. Because they wanted to industrialize (and protect their infant industries), rather than merely

produce raw materials, whose price could easily fall.4. For fear of being excluded by large trading blocks, and because they have seen the exported led

growth of the East Asia ‘Tiger’ economies.

Possible questions1. What can give a country an absolute or comparative advantage in goods and services over other

producers?2. Why does the theory of comparative advantage seem inadequate to explain international trade?3. What is an ‘infant industry’?4. What is the advantage of tariffs for the government?5. What is the advantage of quotas over tariffs?

Exercises:

Exercise 1

1 nations; 2 commodities; 3 balance of trade; 4 balance of payment; 5 barter or counter trade; 6 protectionism; 7 factors of production’ 8 climate; 9 division of labor; 10 economies of scale; 11 tariffs; 12 quotas.

Exercise 2

These answers are not definitive; learners may think of other logical ways of linking the words.1. Economists recommend free trade in the commodities in which countries have either an absolute

or comparative advantage. This is the opposite of importing barriers.2. Visible trade is goods, invisible trade is services, counter-trade is the exchange of goods or

services without the use of money. Autarky is the absence of foreign trade.3. A trade balance can either be in surplus or in deficit; there is no direct relation with dumping4. Banking, insurance and tourism are all services (invisible trade); merchandise means goods

(visible trade).5. Quotas and tariffs are forms of protectionism, the contrary of the theory of comparative

advantage.6. Norms and quotas are non tariff barriers; taxes are a tariff.7. Tariff barriers are often imposed to protect infant industries being developed as a means of import

substitution. There is no relation here with barter.8. Many Third World countries have to reschedule or rollover their foreign debt. There is no direct

relation here in trade.9. To protect, subsidize, and to find substitutes for imports are the contrary of liberalizing trade.

Exercise 31. Trade2. Components3. Container ships4. Tariffs

Exercise 4

A. 1. I2. F3. E4. D

B.1. True2. False3. Not given4. True5. Not given

Key Unit 7 BankingVocabulary

Match up the terms with the definitions:

7 Cash card 3 cash dispenser or ATM 2 credit card 8 home banking

4 Loan 6 mortgage 1 overdraft 5 standing order or direct debit

9 Current account or checking account

10 Deposit account or time or notice account

1 an agreement by which a customer can withdraw more form a bank account

2 a card which guarantees payment for goods and services purchased by the cardholder, who pays back the bank or finance company at a later date

3 a computerized machine that allows bank customers to withdraw money, check their balance and so on

4 a fixed sum of money on which interest is paid, lent for a fixed period, and usually for a specific purpose

5 an instruction to a bank to pay fixed sums of money to certain people or organization at stated times

6 a loan, usually to buy property, which serves as a security for the loan

7 a plastic card issued to bank customers for use in cash dispensers

8 doing banking transactions by telephone or from one’s own personal computer

9 one that generally pays little or no interest, but allows the holder to withdraw his or her cash without any restrictions

10 one that pays interest, but usually cannot be used for paying cheques or checks, and on which notice is often required to withdraw money

Discussion

1. Which of the banking facilities do you use?2. What services do commercial banks offer in your country?3. What changes have there been in personal banking recently?4. What future changes do you foresee in the future?

The banking industry

Reading

Read the text below and write short headings for each paragraph

Types of bank

1...Commercial banking.........................................

Commercial or retail banks are businesses that trade in money. They receive and hold deposits, pay money according to customer’s instructions, lend money, offer investment advice, exchange foreign currencies, and so on. They make a profit from the difference (known as a spread or a margin) between the interest rates they pay to lenders or depositors and those they charge to borrowers. Banks also create credit, because the money they lend, from their deposits, is generally spent (either on goods or services, or to settle debts), and in this way transferred to another bank account – often by way of a bank transfer or a cheque (check) rather than the use of notes and coins - from where it can be lent to another borrower, and so on. When lending money, bankers have to find a balance between yield and risk, and between liquidity and different maturities.

2...Investment banking..........................................

Investment banks, often called merchant banks in Britain, raise funds for industry on the various financial markets, finance international trade, issue and underwrite securities, deal with takeover and mergers, and issue government bonds. They also generally offer stock broking and portfolio management services to rich corporate and individual client. Investment banks make their profits from the fees and commissions they charge for their services.

3.....Universal banking..........................................

In some European countries (notably Germany, Switzerland and Austria) there have always been universal banks combining deposit and loan banking with share and bond dealing and investment services, but for much of the 20th century, American legislation enforced a strict separation between commercial and investment banks. The Glass-Steagall Act, passed during the Depression in 1934, prevented commercial banks from underwriting securities. This act was repealed in 1999. The Japanese equivalent was abolished the previous year, and the banking industry in Britain was also deregulated in 1990s, and financial conglomerates now combine the services previously offered by banks, stockbrokers, and insurance companies.

4....Interest rates...........................................

A country’s minimum interest rate is usually fixed by the central bank. This is the discount rate, at which the central bank makes secured loans to commercial banks. Banks lend to blue chip borrowers (very safe large companies) at the base rate or the prime rate; all other borrowers pay more, depending on their credit standing (or credit rating, or credit worthiness): the lender’s estimation of their present and future solvency. Borrowers can usually get a lower interest rate if the loan is secured or guaranteed by some kind of asset, known as collateral.

5....Eurocurrencies.............................................

In most financial centers, there are also branches of lots of foreign banks, largely dong Eurocurrency business, A Eurocurrency is any currency held outside its country of origin. The first significant Eurocurrency market was for US dollars in Europe, but the name is now used for foreign currencies held anywhere in the world (e.g. yen in the US, euros in Japan). Since the US$ is the world’s most important trading currency – and because the US for the many years had a huge trade deficit – there is a market of many billions of Eurodollars, including the oil-exporting countries’ ‘petrodollars’. Although a central bank can determine the minimum lending rate for its national currency it has no control over foreign currencies. Furthermore, banks are not obliged to deposit any of their Eurocurrency assets at 0% interest with the central bank, which means that they can usually offer better rates to borrowers and depositors than in the home country.

Reading comprehension tasks1. Summarize the text2. Find the words or expressions in the text which mean the following

A to place money in a bank; or money placed in a bank depositB the money used in countries other than one’s own foreign currenciesC How much money a loan pays, expressed as a percentage yieldD available cash and how easily other assets can be turn into cash liquidityE the date when a loan becomes repayable maturityF to guarantee to buys all the new shares that a company issues if they can not be sold to the public underwriteG when a company buys or acquires another one takeoverH when a company combines with another one mergerI buying and selling stocks or shares for clients stock-brokingJ taking care of all a client’s investments portfolio managementK the ending or relaxing of legal restrictions deregulationL a group of companies, operating in different fields that have joined together conglomerateM a company considered to be without risk blue chipN ability to pay liabilities when they become due solvencyO anything that acts as a security or guarantee for a loan collateral

3. Match up the verbs and nouns below to make common collocations

ChargeDo ExchangeIssueMake

AdviceBondsBusinessCurrenciesDeposits

OfferPayRaiseReceiveUnderwrite

FundsInterestLoansProfitsSecurity issues

Do business exchange currencies issue bonds make loan make profitsoffer advice offer loans make loans make profit raise funds receive

deposits pay interest underwrite securities issues

Exercises

Exercise 1

This exercise defines the most important kinds of bank. Fill in the blank the name of each type of bank:

(1).Central banks............................................ supervise the banking system; fix the minimum interest rate; issue bank notes, control the money supply; influence exchange rates; and act as lender of last resort.

(2).Commercial banks............................................ are businesses that trade in money. They receive and hold deposits in current account and saving accounts, pay money according to customer’s instructions, lend money, and offer investment advice, foreign exchange facilities and so on. In some countries such as England these banks have branches in all major towns, in other countries there are smaller regional banks. Under American law, for example, banks can operate in only one state. Some countries have banks that were originally confined to a single industry, e.g. the Credit Agricole in France, but these now usually have a far wider customer base.

In some European countries, notably Germany, Austria, and Switzerland, there are (3)universal banks....... which combine deposit and loan banking with share and bond dealing, investment advice, etc. yet even universal banks usually from a subsidiary, known as a (4)…finance house...., to lend money – at several per cent over the base lending rate – for hire purchase or installment credit, that is, loans to consumers that are repaid in regular, equal monthly amounts.

In Britain, the USA and Japan, however, there is, or used to be, a strict separation between commercial banks and banks that do stock-broking or bond dealing. Thus in Britain, (5)…merchant banks.... specialized in raising funds for industry on the various financial markets, financing international trade, issuing and underwriting securities, dealing with takeovers and mergers, issuing government bonds, and so on. They also offer stock-broking and portfolio management services to rich corporate and individual clients. (6)…investment banks … in the USA are similar, but they can only act as intermediaries offering advisory services, and do not offer loans themselves.

Yet despite the Glass-Steagall Act in the USA, and Article 65, imposed by the Americans in Japan in 1945, which enforce this separation, the distinction between commercial and merchant or investment banks has become less clear in recent years. Deregulations in the US and Britain is leading to the creation of “financial supermarkets” – conglomerates combining the services previously offered by stockbrokers, banks, insurance companies, etc.

In Britain there are also (7)….building societies... that provide mortgages, i.e. they lend money to home-buyers on the security of house and flats, and attract savers by paying higher interest than the banks. The saving and loan associations in the United States served a similar function, until most of them went spectacular bankrupt at the end of the 1980s.

There are also (8) supranational banks... such as the World Bank or the European Bank for Reconstruction and Development, which are generally concerned with economic development.

Exercise 2

Complete the text using these words:

4 accounts

8 current account

3 lend

13 overdraft

20 return

12 bank loan

14 debt

19 liabilities

6 salary

7 transfer

10 cheque

16 depositors

18 liquidity

15 spread

5 wages

2 customers’

1 deposits

17 optimize

11 standing order

9 withdraw

Commercial banks are businesses that trade in money. They receive and hold (1)..........deposits...................., pay money according to (2).............................. instructions, (3).............................. money etc.

There are still many people in Britain who do not have bank (4)............................... Traditionally, factory workers were paid (5).............................. in cash on Fridays. Non-manual workers, however, usually receive a monthly (6).............................. in the form of cheque or a (7).............................. paid directly into their bank account.

A (8).............................. usually pays little or no interest, but allows the holder to (9).............................. his or her cash with no restrictions. Deposit accounts pay interest. They do not usually provide (10).............................. facilities, and notice is often required to withdraw money. (11).............................. and direct debits are ways of paying regular bills at regular intervals.

Banks offer both loans and overdrafts. A (12).............................. is a fixed sum of money, lent for a fixed period, on which interest is paid, bank usually require some form of security or guarantee before lending. An (13).............................. is an arrangement by which a customers can overdraw an account, i.e. run up a debt to an agreed limit; interest on the (14).............................. is calculated daily.

Banks make a profit from the (15).............................. or differential between the interest rates they pay on deposits and those they charge on loans. They are also able to lend more money than they receive in deposits because (16).............................. rarely withdraw all their money at the same time. In order to (17).............................. the return on their assets (loans), bankers have to find a balance between yield and risk, and (18).............................. and different maturities, and to match these with their (19).............................. (deposits). The maturity of a loan is how long it will last; the yield of the loan is its annual (20).............................. – how much money it pays – expressed as a percentage.

Exercise 3

Match the words with the correct definitions:

1 dispenser j

2 teller i (US –k)

3 cashier k

4 withdrawal g

5 balance a

6 deposit d

7 cheque e

8 credit b

9 debit h

10 cash f

11 statement c

A The remaining amount of money in an account

B Money paid into a bank

C A record of the financial transactions of a person or business

D An amount of money in an account

E Note to a bank asking it to pay money from your account to a named person or business

F Money in the form of bank notes and coins

G An amount of money deducted from an account

H The removal of money from an account

I A machine or person who count out money

J A container designed to give out money in regulated amounts

K A clerk who pays out and receive cash at a bank

Match the verbs with the correct explainations:

1 honor h

2 present g

3 draw b

4 clear a

5 cross f

6 reconcile c

7 adjust d

8 circulate e

A pass the cheque through the clearing system

B write a cheque

C make two account agree

D change an account

E move around the country

F draw two lines down the middle of a cheque

G show and ask for payment

H pay

Exercise 4

Put the correct prepositions to complete each sentence:1. A cheque is simply an order to your bank to pay money ..........from/ out of............. your

account .........to.............. someone else.2. A customer can pay .......by................ cheque .........for.............. goods and services3. With a bank card, the customer’s bank guarantees payment .........up to.............. a limit,

say $5004. When an account holder pays a cheque ........into............... her bank, the bank credits the

amount of the cheque ...........to............ her account and sends the cheque to be presented ..............to......... the drawer’s bank.

5. In Britain the clearing system is operated .........by.............. the Clearing House in London.

6. The Clearing House adds up the total each bank owes to each other bank and reconciles the difference ........in............... the bank’s accounts ..........with............. the Bank of England.

7. This process, from the time when the payee pays the cheque ........into............... her bank until the cheque is debited ............to........... the drawer’s bank account, takes three days.

Unit 8 Financing Foreign Trade

Reading 1

Reading tasks

A Understanding main points

Read the above text about payment methods for exporters and write the four methods in the correct

positions according to their risks for the exporter.

B Understanding details

Mark these statements T (true) or F (false) according to the information in the text. Find the part of the

text that gives the correct information.

Open account

1. The importer pays for the goods after receiving the documents. T

2. There is no contract involved. F

3. The exporter must be able to trust the buyer. T

Documentary credit

4. If a letter of credit is issued, the importer’s bank agrees to pay for the goods without conditions. F

5. If a letter of credit is confirmed, the exporter’s bank takes responsibility for payment. T

Bills for collection

6. Commercial documents and the document of title are always enclosed with a bill of exchange. F

7. Importers may not accept the bill of exchange until the goods arrive. T

8. Exporters can keep control of goods by sending bills of lading through the banking system. T

Least secure

Most secure

Payment method: 1. …………….open account...…………...2. ……………Bills for collection.……….3. …………Documentary Credit….…….4. ……………Advance Payment ….…….

9. Exporters reduce risk if documents are released against acceptance of the bill rather than

payment. F

Advance payment

10. This means that the importer has to pay before any goods are dispatched. T

C Information search

Match the risks (a-g) with the payment methods.

1. b c d f

2. a g

3. b c d e f

4. f

Vocabulary Tasks

A Key terms

Match these terms with their definitions. Example: 1 b

B Word search

Find a word or phrase in the text that has a similar meaning.

1. promise or guarantee given to or by a bank (para 2)

undertaking…………………..

2. load of goods sent to a customer (para 7)

consignment……………………

3. person or company that acts as a middleman in a transaction (para 9)

intermediary……………………

4. date when a bill of exchange is due for payment (para 9)

maturity………………………

C Complete the sentence

1. f2. j3. g4. a5. e6. c7. d8. h9. i

Use an appropriate form of the words in the box to complete the sentences which describe the

procedure for documentary collection.

1. The first step the exporter takes is to ask his bank to ….draw….. a bill of exchange on

the overseas buyer.

2. The exporter’s bank ……forwards…………. the bill of exchange, together with the

commercial documents, to the importer’s bank.

3. At the same time, the exporter……dispatches……………. the goods.

4. The exporter must take care to ………present………….the correct documents to the

bank.

5. When the importer……..accepts……….the bill of exchange, the bank will……

release………….the documents of title to the goods.

6. If the importer……dishonors……………..the bill, the exporter may have to find an

alternative buyer or ship the goods back again.

7. In some parts of the world, banks may be slow to ………remit……….payment to the

exporter’s bank.

Reading 2: How a letter of credit works

1 Read about the first four steps in a transaction involving a letter of credit, and number

the steps 1 to 4, using the diagram below to help you.

The advising bank authenticates the letter of credit and sends the beneficiary (the seller)

the details. The seller examines the details of the letter of credit to make sure that he or

she can meet all the conditions. If necessary, he or she contacts the buyer and asks for

amendments to be made. 4

The applicant (the buyer) completes a contract with the seller. 1

The issuing bank (the buyer’s bank) approves the application and sends the letter of credit

details to the seller’s bank (the advising bank). 3

The buyer fills in a letter of credit application form and sends it to his or her bank for

approval. 2

Draw accept dishonor release remit forward dispatch present

2 Now read about the next six steps, and number them 5 to 10 using the diagram below.

If the documents are in order, the advising bank sends them to the issuing bank for

payment or acceptance. If the details are not correct, the advising bank tells the seller and

waits for corrected documents or further instructions. 7

The advising/confirming bank pays the seller and notifies him or her that the payment has

been made. 10

The issuing bank advises the advising (or confirming) bank that the payment has been

made. 9

The issuing bank (the buyer’s bank) examines the documents from the advising bank. If

they are in order, the bank releases the documents to the buyer, pays the money promised

or agrees to pay it in the future, and advises the buyer about the payment. (If the details

are not correct, the issuing bank contacts the buyer for authorization to pay or accept the

documents.) The buyer collects the goods. 8

The seller presents the documents to his or her bankers (the advising bank). The advising

bank examines these documents against the details of the letter of credit and the

International Chamber of Commerce rules. 6

When the seller (beneficiary) is satisfied with the conditions of the letter of credit, he or

she ships the goods. 5

KEY Unit 9: Accounting and Financial Statements

Exercise 1:1. Own/owe2. Depreciation/written off/amortization3. Receivable/payable4. Inventory5. Accrued6. Leverage

Exercise 2:1. variable costs2. direct costs3. fixed costs4. indirect costs5. operating costs6. capital expenditure7. marginal costs

Exercise 3:1. Preparation of Accounts: ledger, trial balance, invoices2. Profit and Loss Account: cost of goods sold, EBITDA, operating expenses3. Balance Sheet: accounts payable, shareholders’ equity, current assets

Exercise 4:1. T2. F3. T4. T5. F6. F7. T

8. F9. T10. F

Unit 10 Merger & Acquisition

Reading comprehension: 1. Understanding details:

1. – D 2. – E 3. – B 4. – A 5. – C

2. Understanding details: 1. Diversify 2. Market share 3. Economies of scale 4. Advising fee 5. Customers 6. Optimum 7. Synergy 8. Corporate raiders and Private equity companies 9. A conglomerate 10. Asset – tripping

More exercises

Exercise 1:

a. 17% b. Destroying/ Negative c. Overconfidence of overcoming cultural barriers and over-optimism about the prospect for the

enlarged group. d. - John Thorp

- John Thorp - James Montier

e. - Kelly - Thorp

f. Most merges end up in failure (83%)g. They think its link with Chrysler would allow it to sell more Mercedes in the US. h. The management quit their jobs/ Overconfident financial targets not met steady decline in

share price i. Less justifiable j. Btw 2 similar businesses that can produce ongoing cost efficiency rather than one-off savings.

Exercise 2:

1. Tie-up/ Nuptials/ Mutual protection/ altar/ Breathing space

2. Cost efficiency// share price// job cuts// stock market// investment strategy// financial target// share options// takeover bid

Theo ước tính của Avalue Vietnam - một tổ chức cung cấp dịch vụ tư vấn trong các lĩnh vực định giá, tư vấn tài chính, tư vấn quản trị và đầu tư, trong năm 2009, số thương vụ mua bán - sáp nhập (M&A) tại Việt Nam ước tính đạt 287 và giá trị giao dịch đạt 1,09 tỷ USD. Số thương vụ tuy tăng 71% so với năm 2008, nhưng giá trị thương vụ thì lại giảm nhẹ.

Về triển vọng 2010, số thương vụ M&A sẽ tiếp tục gia tăng mạnh mẽ; giá trị giao dịch sẽ tăng ổn định. Có một số động thái cho thấy sẽ xuất hiện một số thương vụ có quy mô lớn.

Dưới đây là 10 giao dịch M&A tiêu biểu nhất năm qua tại Việt Nam, theo báo cáo nghiên cứu của Avalue Vietnam về hoạt động M&A tại Việt Nam năm 2009 và những triển vọng trong năm 2010, công bố cuối tháng 1 vừa qua.

1. Viettel – Vinaconex

 Tiếp sau việc trở thành đối tác chiến lược của Ngân hàng Quân đội (MB), Viettel tiếp tục hiện diện qua thương vụ Vinaconex vào thời điểm đáy của thị trường chứng khoán. Vào tháng 2, Viettel đã hoàn tất việc mua 35 triệu cổ phần của Vinaconex.

Sau giao dịch mua bán này, Viettel đã nắm giữ 18.9% cổ phần của Vinaconex và có ý định mua thêm cổ phần nữa của Vinaconex. Năm 2009, Viettel và Vinaconex cũng đã hoàn tất việc thành lập Công ty Cổ phần Tài chính Vinaconex - Viettel.

Không chỉ thực hiện chiến lược mua lại trong nước, Viettel là doanh nghiệp viễn thông đầu tiên của Việt nam đầu tư ra nước ngoài với việc đầu tư vào thị trường Campuchia. Viettel cũng đang hướng đến việc tham gia mua lại hoặc góp vốn vào các mạng di động ở thị trường các nước thuộc châu Á, châu Phi và Mỹ La tinh.

 2. HSBC - Bảo Việt

Tháng 11/2009, Bộ Tài chính cũng đã đồng ý để HSBC tăng sở hữu thêm 8% cổ phần, nâng tổng tỷ lệ sở hữu lên 18% tại Tập đoàn Bảo Việt. Tổng giá trị của hợp đồng này là 1,88 nghìn tỷ đồng (khoảng 105,3 triệu USD).

Ông Lê Quang Bình, Chủ tịch Hội đồng Quản trị Bảo Việt cho biết, việc nâng tỷ lệ sở hữu của HSBC sẽ củng cố vị thế của Bảo Việt cũng như nâng cao tiềm lực của DN này. Sự kiện này cũng minh chứng cho cam kết của HSBC với vai trò cổ đông chiến lược quan trọng nhất của Bảo Việt.

3. Hà Tiên 1 - Hà Tiên 2

 Phương án sáp nhập Công ty Cổ phần Xi măng Hà Tiên 1 và Công ty Cổ phần Xi măng Hà Tiên 2 được thông qua tại Đại hội cổ đông bất thường ngày 29/12/2009, với sự đồng thuận từ 144 cổ đông Công ty Cổ phần Xi măng Hà Tiên 1.  Đây là giao dịch hợp nhất giữa hai doanh nghiệp có quy mô lớn nhất trên thị trường chứng khoán Việt Nam cho đến nay.

Sau khi sáp nhập, Hà Tiên trở thành doanh nghiệp xi măng lớn nhất Việt Nam niêm yết trên sàn HSX với mức vốn hóa gần 2.800 tỉ đồng.  

4. Motul – Vilube

Tập đoàn Dầu nhớt Motul, một công ty sản xuất và phân phối dầu nhớt của Pháp đã mua 70% cổ phần còn lại mà nó chưa nắm giữ tại Công ty Cổ Phần Hóa Chất và Dầu Nhờn (Vilube). Công ty Dầu Nhờn Motul đã mua 30% cổ phần của Vilube vào tháng 12/2006.

Tập đoàn Motul thông báo sẽ đầu tư vào việc nâng cấp công nghệ sản xuất tại nhà máy Vilube hiện nay ở Hiệp Phước (Tp.HCM), với mục tiêu biến nơi này thành cơ sở sản xuất chính của Motul để cung cấp hàng cho khu vực châu Á -Thái Bình Dương.

5. Lotte và Coralis

 Thương vụ chuyển nhượng dự án nhà ở cao cấp, văn phòng, khách sạn 5 sao Hanoi City Complex do tập đoàn lớn thứ 5 Hàn Quốc Lotte mua lại từ tập đoàn Deawoo. Dự án được tái khởi động vào ngày 22/10 vừa qua sau hơn 4 tháng dừng.

Nằm tại vị trí “đắc địa” đường Liễu Giai, quận Ba Đình, Hà Nội, với vốn đầu tư lên đến 400 triệu USD, cao 65 tầng, dự án này được đánh giá là tòa nhà cao thứ hai tại Việt Nam sau Keangnam.

6. Eland - Thành Công

Trong một giao dịch vào tháng 5, Công ty Eland Asia Holdings Pte Ltd (Eland) của Singapore, một công ty thuộc EL International Ltd của Hàn Quốc, đã mua 30% cổ phần, tương đương 10.365 triệu cổ phiếu phổ thông mới của Công ty Thương mại Đầu tư May mặc Thành Công (Công ty Thành Công), một công ty sản xuất các sản phẩm dệt may tại Tp.HCM với 10.000 đồng/cổ phiếu, tổng giá trị là 103,65 tỷ đồng (5,9 triệu Đô la Mỹ).

Eland cũng thông báo dự định sẽ tăng cổ phần  lên thành 40.36% với tổng giá trị cổ phiếu mua thêm được ước tính là 3,4 triệu Đô la Mỹ.

7. Pomina - Thép Việt

Pomina phát hành riêng lẻ 80 triệu cổ phiếu cho cổ đông hiện hữu của Thép Việt để hoán đổi lấy toàn bộ cổ phiếu Thép Việt. Tỷ lệ thực hiện là 1:1, tức cổ đông sở hữu 1 cổ phiếu TTV sẽ được đổi 1 cổ phiếu Pomina.

Sau khi hoàn tất đợt phát hành, cổ đông của TTV sẽ chuyển thành cổ đông của Pomina, có đầy đủ quyền và nghĩa vụ như những cổ đông hiện hữu của Pomina.

Sau đợt phát hành này, vốn điều lệ của Pomina sẽ tăng từ 820 tỷ lên 1.720 tỷ đồng.

8. Sab Miller - Công ty liên doanh bia với Vinamilk

 BV (SA), một đơn vị do SABMiller PLC sở hữu toàn bộ, đã mua 50% cổ phần trong Công ty Liên doanh SABMiller Việt Nam, một công ty sản xuất bia, từ đối tác liên doanh là Công ty Cổ Phần Sữa Việt Nam (Vinamilk).

SABMiller cho rằng việc mua lại cổ phần này sẽ cho phép công ty mở rộng hoạt động kinh doanh và phát triển thị trường bia Việt Nam và cũng gia tăng sự hiện diện của công ty tại khu vực Châu Á.

9. ICP - Thuận Phát

 Công ty International Consumer Products (ICP) đã chính thức trở thành chủ sở hữu chính của Công ty Cổ phần Thực phẩm Thuận Phát sau khi chiếm giữ 51% cổ phần của công ty này.

Công ty Cổ phần Thuận Phát được thành lập cách đây 27 năm, chuyên sản xuất các loại nước mắm, chất gia vị cay và các loại dưa chua bán tại thị trường trong nước và xuất khẩu. Giao dịch này giúp ICP mở rông hoạt động kinh doanh trong ngành thực phẩm và thức uống. Công ty Thuận Phát sẽ có thể tận dụng lợi thế về hệ thống phân phối to lớn của ICP để gia tăng thị phần.

Ngoài ra, ICP sẽ hỗ trợ cho Công ty Thuận Phát phát triển một hệ thống quản trị hiện đại, cải thiện các kỹ năng bán hàng và tiếp thị chuyên nghiệp và củng cố tăng cường nguồn nhân lực có trình độ cao.

10. BIDV - PIB Campuchia

Một thương vụ khá thú vị liên quan đến đầu tư ra nước ngoài trong lĩnh vực ngân hàng. Đó là vào tháng 7/2009, BIDV cho biết đã hoàn tất việc thành lập Công ty Cổ phần Đầu tư và phát triển IDCC 100% vốn Việt Nam với vốn điều lệ 100 triệu USD, do BIDV và Công ty Phương Nam góp vốn. IDCC đã ký hợp đồng chuyển nhượng, chính thức mua lại Ngân hàng Đầu tư Thịnh vượng PIB (một ngân hàng tư nhân của Campuchia), cơ cấu và đổi tên thành Ngân hàng Đầu tư và Phát triển Campuchia (BIDC).

Theo kế hoạch, đến năm 2012, BIDC sẽ có tổng tài sản 303 triệu USD, tổng nguồn vốn huy động 216 triệu USD, cho vay đạt 210 triệu USD.