Deputy Prime Minister Vuong Dinh Hue Setting the scene At last week’s Vietnam M&A Forum 2018 in Ho Chi Minh City, Deputy Prime Minister Vuong Dinh Hue confirmed that the Vietnamese government is working diligently to provide a healthy, transparent, and conducive investment environment, the goal of which is to stimulate the development of the Vietnamese mergers and acquisitions (M&A) market both in quantity and quality, growing in line with economic development orientations. “M&A is becoming an attractive channel of investment as well as an important part of Vietnam’s economic restructuring, boosting the efficiency and competitiveness of the economy and businesses in the country,” said DPM Hue in his opening speech at the forum, which gathered more than 500 senior leaders from government agencies, organisations, leading businesses, and investment funds from both Vietnam and overseas. The deputy prime minister added that government agencies will … [Read more...] about Government steps boost M&A deals
Initial public offerings
Vietcombank sell-down sends national airline crashing
Vietcombank divested over $9 million from the share sale at the national airline Over the time period of January 25-February 8, the commercial bank was reported to conduct the stock transaction which subsequently downsized the bank’s proportion of shareholding at the national airline from the initial volume of 22.4 million shares to 14.8 million shares, commensurate with a reduction in the bank’s shareholding from 1.83 per cent to 1.21 per cent. As opined by the stock market’s analysts along the whole duration of the share deal, the commercial bank’s decision to divest such a hefty amount of stock at Vietnam Airlines was pondered as a “smart move” as the airline’s stock was regarded as an overweight on the domestic bourse with an unprecedented surging price of the ticker at VND70,000 ($3.07) per share. Briefly after the sale, the airline’s stock price plunged below VND50,000 ($2.2), a drop of roughly 30 per cent. The bottom of the … [Read more...] about Vietcombank sell-down sends national airline crashing
Vietnam’s M&A market declines in 2018
Vietnam’s M&A market is forecast is expected to touch $6.5-$6.9 billion in 2018 (Photo: baodautu.vn) Hanoi (VNS/VNA) – Vietnam’s M&A market is forecast to reach 6.5-6.9 billion USD in 2018, which is lower than the 2017’s record of 10.2 billion USD. “We expect the M&A value in 2018 to decline from 2017, as this year may not have as big deal as Sabeco,” said Dang Xuan Minh, AVM Vietnam’s CEO. Vietnam’s merger and acquisition (M&A) market hit over the 10-billion-dollar landmark for the first time last year and is at the turning point to reach a new era of opportunities in the next decade. M&A value continued to rise 55 percent year-on-year to reach 3.55 billion USD in the first six months of this year. “One year ago, even very optimistic forecasts hardly envisaged the M&A boom in 2017 which thrust Vietnam’s M&A value to 10.2 billion USD, a growth of 175 percent over 2016. This is a record number, … [Read more...] about Vietnam’s M&A market declines in 2018
Hong Kong Design Centre Presents REFINED TOUCH: CROSSOVER BETWEEN DESIGN & CRAFT, Third DESIGN SPECTRUM Exhibition
Featuring 13 Designers from Hong Kong and Abroad ; Showcasing the Possibilities when Craftsmanship is Integrated into Everyday Design HONG KONG, CHINA - Media OutReach - 11 December 2019 - Design Spectrum, the new design initiative organised by Hong Kong Design Centre (HKDC) with sponsorship from Create Hong Kong (CreateHK) of the Government of the Hong Kong Special Administrative Region (HKSAR Government), is showcasing Asian design philosophy in four thematic exhibitions at 7 Mallory Street, a Grade II Historic Building in Wan Chai. As we approach the halfway point of the four-part programme, for the third exhibition, Refined Touch: Crossover Between Design and Craft, different designers and artisans from Hong Kong and abroad have been invited to showcase their creations with origins in both design and craft, encouraging visitors to rethink the relationship between the two. Design Spectrum will also offer a series of workshops where design and … [Read more...] about Hong Kong Design Centre Presents REFINED TOUCH: CROSSOVER BETWEEN DESIGN & CRAFT, Third DESIGN SPECTRUM Exhibition