Mpi

Mergers and acquisitions (M&A) have become an effective capital mobilisation channel, he added, helping to diversify investment sources for the Vietnamese economy, accelerate economic restructuring and the renewal of the growth model, and bring variety to the types of business ownership. M&A has become the shortest way for foreign companies to penetrate and enlarge their footprint in the Vietnamese market, with high efficiency and reasonable costs. The Vietnamese M&A market has reported robust growth with thousands of transactions worth nearly $50 billion over the past decade. … [Read more...] about A constellation of benevolent factors for M&A activity

Vietnam Venture Summit 2020 plays a key role in motivating innovative enterprises, finding solutions and opportunities for Vietnam's innovation ecosystem to integrate into the global market. The summit creates opportunities to bridge investors with startups and innovators who have unique and potential ideas. Through the summit, with the support of ministries, departments, sectors, domestic, and foreign experts, Vietnamese innovation enterprises will find directions and reach success in the time to come. … [Read more...] about $815 million ready for Vietnamese startup projects

Therefore, it suggested setting up more binding sanctions and restricting the ‘rights’ of the businesses to which taxation agencies issue notices about the fact that taxpayers don’t operate at registered addresses and must have to fulfill tax duties. … [Read more...] about Bogus companies make real profits, causing headaches for watchdog agency

However, big banks are also suffering from NPLs. For example, SHB reported a pre-tax profit of more than VND3 trillion ($130.43 million), representing a yearly increase of 47 per cent but risk provisions soared by 66 per cent on-year to almost VND2.37 trillion ($103 million). Half of the full-year risk provision was made in the fourth quarter of 2019. SHB is among the six domestic lenders with the highest amount of sour loans, at 1.8 per cent of its total assets. … [Read more...] about Specialist loans to jack up SME growth

E-commerce, online media, and food delivery adoption and usage have surged this year, while transport and online travel have suffered significant challenges. Ultimately, the net effect is that the internet sector will remain resilient at $100 billion GMV by year-end 2020, and is poised to grow to over $300 billion GMV by 2025, a clear indication that momentum has not been derailed by the year’s challenging environment. The crisis will also boost digital financial services, as consumers and small- and medium-sized enterprises become more receptive to online transactions. … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES NOVEMBER 17