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Brian Spence There has been plenty of mergers and acquisitions (M&A) action in Việt Nam in recent months and, so far, momentum does not appear to be fading – notwithstanding its relatively small size in comparison with more developed markets. Việt Nam has recently become one of the favoured destinations for M&A for foreign investors, particularly those from Japan, Korea and Singapore. Key sectors of interest include real estate, food and beverages, retail, and to a lesser extent, manufacturing. M&A activity is not, however, confined to foreign investment. A report by the annual Việt Nam M&A Forum shows that 17.72 per cent of the total value of M&A deals in H1 2019 involved Vietnamese buyers. The corresponding figure of the previous year was 8.2 per cent. Such a rise shows Vietnamese investors are and would be “more active” acquirers, though foreign investors will continue to lead the market. Here are 10 ways in which a vendor … [Read more...] about 10 ways to get M&A deals across the line
Mid size accounting firms list
Changes expected to lay ahead for real estate firms
2019 is viewed as another good year for the middle-end property sector thanks to reasonable prices. Duong Duc Hien, Savills director of residential sales for North and Central Vietnam, said that 2018 saw many changes occur within the housing market in comparison to previous years. The mid-end sector of the market enjoyed a strong performance, with Hanoi topping the list of providers. The villa, row-house, and shophouse sectors also made good progress, buoyed by the increasing demand for residence and investment opportunities from customers. Meanwhile, the first half of 2018 witnessed a massive yet short-term trend of land investment in the northern province of Bac Ninh and other coastal localities, including Nha Trang, Phu Quoc, Quang Ninh, and Danang. However, these trends quickly settled down. As for resort projects, only a few were added to the total supply in 2018. This is largely due to interest in condotels, a “newcomer” in the market, cooling off in … [Read more...] about Changes expected to lay ahead for real estate firms
BUSINESS NEWS IN BRIEF 16/12
Mexico to face fierce competition from Vietnam: Mexican economists Mexican economists have shared the view that once the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect, Mexico will have to face fierce competition from Vietnam in many sectors, such as garments and textiles, leather and footwear, and electronic equipment. Arnulfo Gomez, a foreign trade expert, said Vietnam has successfully implemented a commercial strategy that helps improve the quality and competitiveness of its products on the international market by reducing spending on materials and applying technology in production. With such advantages, Vietnam has more capacity than Mexico to utilise opportunities generated by the CPTPP, he said. The experts suggested that the Mexican Government set forth new measures to raise the competitiveness of domestic businesses, thus avoiding adverse impacts from the deal. Statistics of the Mexican Ministry of … [Read more...] about BUSINESS NEWS IN BRIEF 16/12
Viettel Global lists 2.2 billion shares on UpCOM
By listing more than 2.2 billion shares on the Unlisted Public Companies Market (UpCOM), Viettel Global has become the listed mobile information services company with the most international markets. Viettel Global started trading on the UpCOM on September 25 September 25, 2018 was the first day of trading for the shares of Viettel Global Investment Joint Stock Company (Viettel Global) on the UpCOM. With the reference price of VND15,000 per share, the company was worth nearly $1.5 billion. Viettel Global is the mobile information service firm which has the most markets among the firms listed on the UpCOM. Although Viettel Global is running business in 10 international markets at present, there are only nine markets included in its consolidated business results, including Cambodia, Laos, Haiti, Myanmar, Burundi, Mozambique, Tanzania, Cameroon, and East Timor. In particular, Peru is the market where Viettel Global achieved the highest revenue and profit this time, … [Read more...] about Viettel Global lists 2.2 billion shares on UpCOM
Annual awards recognise listed firms for corporate governance, success
The Viet Nam Listed Company Awards (VLCA) kicked off its 2018 season in HCM City on Tuesday. The awards, given jointly by the HCM City Stock Exchange (HOSE), the Ha Noi Stock Exchange (HNX) and Viet Nam Investment Review magazine, and sponsored by Dragon Capital Group, are an extension of the Viet Nam Annual Awards (ARA), an event that has accompanied the growth of Viet Nam’s stock market and listed companies for a decade now. Besides the annual reporting awards and the sustainability reporting awards, this year’s contest will also conduct an in-depth review of corporate governance standards at listed companies. The aim of the review is to encourage listed firms to adopt international standards of governance and promote sustainability. A corporate governance set of standards developed by the VLCA’s organising committee is based on the standards of Organisation for Economic Co-operation and Development (OECD) countries, with adjustments made to suit the local … [Read more...] about Annual awards recognise listed firms for corporate governance, success