International finance corporation ifc

A rise in both the number and the value of mergers and acquisitions (M&As) in Vietnam last year and early this year have signaled that M&As are booming in the country. According to auditing firm Pricewater House Coopers (PwC)’s statistics, there were 295 M&As worth a combined 1,138 million USD in the country last year, up 77 percent over the previous year. In the first quarter of this year, the market was more ebullient with larger acquisitions: the Vietnam Industrial and Commercial Bank (Vietinbank) sold 10 percent and 15 percent of its statutory capital to the International Finance Corporation (IFC) and Canada ’s Nova Scotia Bank respectively, and VNPT Global sold 10 percent of its shares to the Singapore Technologies Telemedia (ST Telemedia). Notably, the Hung Vuong Fishery Joint Stock Company (HVG) offered to buy 3.75 million shares of the An Giang Fishery Import-Export Joint Stock Company (AGF) in a bid to raise its share in AGF to 51 … [Read more...] about M&A boom building up steam in Vietnam

Hanoi, (VNA) – Prime Minister Nguyen Xuan Phuc and his Australian counterpart Scott Morrison had a telephone talk on January 21 to discuss bilateral relations as well as regional and international issues of shared concern. The Australian PM congratulated Vietnam on outstanding achievements the country gained in 2020 to become a rare model in COVID-19 pandemic control and socio-economic development amid the worst global economic depression in decades. He said he believes that the upcoming 13th National Congress of the Communist Party of Vietnam (CPV) will be a success. He also congratulated Vietnam on fulfilling the role of ASEAN Chair in 2020 with the successful signing of the Regional Comprehensive Economic Partnership (RCEP). He thanked Vietnam for supporting turning the ASEAN-Australia Summit into an annual mechanism. PM Morrison said he hopes the Vietnam-Australia relations will be elevated to a strategic partnership in 2023 on the occasion of the 50th anniversary of the … [Read more...] about Vietnamese, Australian PM discuss bilateral ties in phone talks

According to the embassy, India was popularly known as the pharmacy of the world, earning its credibility as one of the largest manufacturers of generic drugs. It also said the Indian pharmaceutical sector supplies over 50 per cent of global demand for various vaccines, 40 per cent of generic demand in the US and 25 per cent of all medicine in the UK. Indian drugs are exported to more than 200 countries in the world, with the US being the key market. … [Read more...] about Vietnamese, Indian pharmaceutical enterprises have great opportunities in Viet Nam

Hanoi (VNS/VNA) - Experts have pointed out lots of opportunities for Vietnamese and Indian enterprises in the pharmaceutical industry in Vietnam. In an effort to promote trade and investment in the pharmaceutical sector, the Embassy of India, the International Investment Promotion Alliance, the Association of Foreign Invested Enterprises and the Vietnam Chamber of Commerce and Industry (VCCI) organised a seminar in Hanoi on January 21 to connect experts and enterprises from the two countries. According to the embassy, India was popularly known as the pharmacy of the world, earning its credibility as one of the largest manufacturers of generic drugs. It also said the Indian pharmaceutical sector supplies over 50 percent of global demand for various vaccines, 40 percent of generic demand in the US and 25 percent of all medicine in the UK. Indian drugs are exported to more than 200 countries in the world, with the US being the key market. Indian pharmaceutical exports, … [Read more...] about Vietnamese, Indian pharmaceutical firms have great opportunities in Vietnam