Foreign investors

The last few years globally have greatly affected economic and investment activities. How do you assess the market in Vietnam for mergers and acquisitions (M&A) in recent times? Nguyen Cong Ai, senior partner at KPMG in Vietnam The scale of the M&A market is slowing down in terms of the number and value of deals. In 2021, there were more than 700 deals, but in the 10 months of 2022, the number was only about 350. The average value of a deal also decreased from $31 million to about $15 million. There were plenty of billion-dollar deals last year, but the highest value of a deal this year was around $500 million. According to data from KPMG, so far in 2022, the total value of M&A deals reached $5.7 billion, down 35.3 per cent on-year. Singapore is the leading country with about $1.2 billion in cross-border transactions, followed by the United States at $570 million and South Korea with $370 million. Similar to 2021, transactions continued to be led by … [Read more...] about Environment strong for ready-money investors

President Nguyen Xuan Phuc with delegates at the event (Photo: VNA) Bangkok (VNA) – Vietnam advocates switching from attracting FDI to cooperating with foreign investors in the spirit of equality for mutual benefits and development, with priority given to hi-tech and eco-friendly projects, said President Nguyen Xuan Phuc at a high-level seminar with the US-APEC Business Alliance for Competitive SMEs in Bangkok on November 17. President Nguyen Xuan Phuc at the event (Photo: VNA) These include maintaining socio-political and macroeconomic stability; removing economic bottlenecks related to legal institutions, infrastructure and human resources; develop supply chains, reduce transaction costs, especially logistics and administrative costs; and building an environment with stable policies, transparency and accountability. VNA … [Read more...] about Vietnam advocates cooperating with foreign investors: President

Illustrative image (Photo: VNA) Da Nang (VNA) – The second phase of the Hoa Cam Industrial Park (IP) in the central city of Da Nang has attracted great interest from investors, according to head of the Da Nang Hi-tech Park and Industrial Zones Authority (Da Nang HPIZA) Pham Truong Son. foreign investor s have expressed interested in the infrastructure building project, which officially called for investment from August 20. ip al People's Committee is doing procedures to seek the Prime Minister's in-principle approval for the second phase of the Hoa Ninh IP project, which will cover an area of 400ha in Hoa Vang district Da Nang HPIZA, the six industrial zones and hi-tech parks earn an annual revenue of 2.5 billion USD, of which more than 1 billion USD comes from exports, contributing 25% of the city's budget./. VNA … [Read more...] about IP project in Da Nang attractive to investors

According to VIB 's leaders, if the annual general shareholders' meeting (AGM) approves the content, the FOL can be adjusted by up to 30 per cent. The proposal also contains the content allowing the Board of Directors (BOD) to decide the details of any work related to the maximum percentage of shares owned by foreign investors, which must be less than or equal to 30 per cent of VIB's charter capital. The list of shareholders will be closed on November. As one of the top retail banks in Vietnam, with the highest retail ratio of over 90 per cent in the industry, VIB is serving more than four million individual customers and maintaining a large and diversified structure of 20,000 shareholders. Among them, Commonwealth Bank of Australia (CBA) is the largest foreign shareholder, holding about 20 per cent of the bank since 2010. CBA is one of the largest banks in the world, with a market capitalisation of $122 billion. CBA is also rated as one of the safest and strongest banks, with a … [Read more...] about VIB likely to increase its foreign ownership limit to 30 per cent

Doan Nhat Minh-Senior associate VILAF Foreign exchange restriction is one of the measures used to stabilise the foreign currency market, helping enhance the convertibility of VND, especially in the context of international integration. On the issuance of the 2005 Ordinance on Foreign Exchange, the Standing Committee of the National Assembly has stipulated that: “Within the territory of Vietnam, any transaction, payment, listing, or advertisement by the residents, non-residents shall not be performed in foreign exchange, except for transactions with credit institutions, payments made through an intermediary including collection under the authorisation, entrustment, agency and other necessary cases which are permitted by the prime minister.” After a period of time, the ordinance gradually showed its loopholes when the acts of the transaction, payment, listing, and advertisement failed to cover cases where the use of foreign exchange should have been restricted. In its written … [Read more...] about Status of foreign currencies in sale or purchase of shares

Illustrative photo In 2021, despite strong net selling by foreign investors, the domestic capital inflow was still favorable and even a factor for the spectacular growth of the stock market. The current most ominous signs are related to capital flow not withdrawing, even though the stock prices have dropped very low. Liquidity exhausted Liquidity is still the focus as the market has continued to shrink since May. The main reasons can be attributed to a few enterprises' mistakes in securities and corporate bond issuances. Besides this, the pressure of tight monetary policy from global and Vietnamese central banks was also affected. Along with this is the impending maturity date of corporate bonds from previous issuances accompanied by risk aversions, which has put pressure on investors and has had an impact on financial institutions and stock issuers. This situation has collectively led to liquidity blockage in the capital market, which has had a strong impact on the stock … [Read more...] about Stock market in turmoil as investors withdraw

The Van Don-Mong Cai Expressway which opened in September will help create  favourable conditions for investors to come to Quang Ninh Province. — VNA/VNS Photo Huy Hung The northern province of Quang Ninh has been attracting significant foreign direct investment (FDI) thanks to effective solutions in removing difficulties for businesses and investors. Endless efforts to improve the investment climate has led to the region becoming an attractive destination for many foreign investors. Competitive advantages Quang Ninh has a politically and economically strategic position with unique potential and competitive advantages when it comes to attracting foreign direct investment, being the only municipality of Viet Nam with both a land and maritime border with China, including three border gates. In recent years, Quang Ninh has focused on developing its transport infrastructure, particularly its transport connections to highways, airports, and sea ports. To date, the province has … [Read more...] about Quang Ninh boasts advantages for foreign investment attraction

Draft amended laws on land, housing, and real estate business are being further studied and discussed at the fourth session of the 15th National Assembly. However, the current laws include conflicts over the land use rights and ownership of property when it comes to foreign individuals. Nguyen Van Dinh, an expert in land law, said that the three pieces of legislation are incompatible in terms of non-nationals wanting to own land or property in this country. “The Law on Housing recognises foreigners as having the right to own houses, but the Law on Land does not recognise that their rights in terms of actually using the land,” Dinh said. In the proposal to develop an amended Law on Housing, which is expected to be passed at the same time as the revised Law on Land, the Ministry of Construction is hoping to solve several major groups of policies, Dinh said. Regarding the policy on house ownership, the proposal is to continue the policy of encouraging and creating favourable … [Read more...] about Law revisions necessary to clarify foreign property rights

Vietnam is one of Southeast Asia’s premier emerging markets and a global property hotspot. Despite unprecedented global events, Vietnam has been resilient, with GDP growth in 2022 forecast at 7.5 per cent. The country outranks most in terms of global growth. Matthew Powell - Director, Savills Hanoi A good economic performance and updated land laws have supported demand and interest from foreign buyers who want to own property in Vietnam. The involvement of reputable international developers in Vietnam has encouraged foreign interest because it provides increased confidence and security for buyers. International buyers prefer Grade A or high-end properties that meet their quality and service requirements. Often, these projects come from reputable developers with strong track records. Foreign buyers also like projects with good rental yields or opportunities for capital gains. While there is foreign interest, international buyers are limited to the number of units they … [Read more...] about Clarity crucial for residential property sale to foreigners

Meeting French Minister Catherine Colonna, Bui Thanh Son said since the upgrade of bilateral ties to strategic partnership nearly a decade ago, Vietnam and France have seen their ties growing in various areas. Hailing the developments of bilateral cultural-education and health cooperation over the past years, he thanked the French Government and people for their valuable support for Vietnam during COVID-19 pandemic. He suggested the two countries discuss and effectively adopt measures to deepen their effective collaboration post pandemic, facilitate all-level visits, especially during next year when the two countries celebrate the 50th anniversary of diplomatic ties and the 10th anniversary of strategic partnership. Describing economic cooperation as an important pillar of bilateral strategic partnership, Bui Thanh Son proposed France soon approve the E.U.-Vietnam Investment Protection Agreement (EVIPA) to fully tap the two countries’ potential. The Foreign Minister spoke … [Read more...] about Foreign Minister holds bilateral meetings in Bangkok