Good co-operation between both partners is crucial after an M&A deal is finalized, Photo: Le Toan Getting down to work Two weeks ago, Thai Beverage finally took a dominant role in the board of Vietnam’s leading brewer Sabeco. The Thai investor, which forked out almost $5 billion for 53.59 per cent of Sabeco’s outstanding shares last December, vowed to restructure its Vietnamese investee following the merger. In a series of sweeping actions, ThaiBev replaced Sabeco’s CEO, scrapped the company’s foreign ownership limit, abandoned Sabeco’s inspectorate committee, and set up an internal auditing team. Major goals include improving Sabeco’s business efficiency, cutting costs, and overhauling its matrix of 36 subsidiaries and affiliates. There are also plans to collaborate with ThaiBev and export Sabeco’s products. Sabeco chairman Koh Pong Tiong stressed that the Thai investor would keep the heritage Saigon Beer brand. “The key … [Read more...] about Post M&A period a challenge for all
Post acquisition integration plan checklist
(VOVworld) - Greek Prime Minister Antonis Samaras presented an ambitious new national growth plan on Tuesday which will restore the Greek economy after a 4-year debt crisis. The "Greece 2021" program envisages a new development model which will generate 69 billion US dollars in tax revenues and 770,000 jobs in 7 years' time. The plan focuses on Greece's strengths - ship building, agriculture, energy, pharmaceuticals, technology, and services. Greece is currently giving priority to reforms to reduce bureaucracy, deregulate the market, strengthen the banking sector, and boost small and medium-sized enterprises. … [Read more...] about Greece unveils post-crisis development plan
The Government has commenced a national program to prepare an action plan to help ministries, industries and localities to take advantage of opportunities and overcome challenges after the Viet Nam's accession to the World Trade Organization. The National Committee for International Economic Cooperation on Monday began a series of conferences nationwide on the country's WTO commitments. The first conference, held in Ha Noi, pronounced in detail all commitments in goods and services. Deputy Prime Minister Pham Gia Khiem stressed that by joining the WTO, Viet Nam has had opportunities to expand its goods and service markets, but challenges include facing more fierce competition and adverse impacts on the society like a likely higher unemployment rate. WTO membership improves Viet Nam's position in the international arena, he added. The series of conferences aim to help sectors, cities and provinces adjust investment targets and business plans against global competition. The … [Read more...] about Gov’t Prepares for post-WTO Action Plan
The Vietnamese Government is working out an action plan to help ministries, industries and localities grasp opportunities and tackle challenges in post-WTO ear, Deputy PM Pham Gia Khiem said. Opening a conference on Vietnam's World Trade Organization (WTO) commitments in Hanoi on Monday, Khiem stressed that by joining the WTO, Vietnam had opportunities to expand markets for its goods and services, promote socio-economic renewal, and attracting foreign investment and technology which would help sharpen the country's competitive edge. … [Read more...] about Government to devise post-WTO action plan
"After joining the World Trade Organization (WTO), Vietnam will have to remove agricultural subsidies and comply with WTO rules that are being applied by other members. The important thing is how to clarify the form of subsidy that can or can't be applied," said Deputy Minister of Trade Luong Van Tu Which the subsidies are considered illegal? The Ministry of Trade recently submitted to the National Assembly (NA)'s External Relations Committee a brief report on the results of Vietnam's WTO entry negotiations. It says that Vietnam is committed to no subsidies for export agricultural products, as from joining the WTO. However, the country still maintains the right to enjoy some WTO regulations exclusively designed for developing countries in this field. For subsidies to be removed as required by the WTO, Vietnam will try to keep a level of less than 10 percent of output value while persisting with the protection of other subsidy levels of approximately VND4,000 billion/ year. In the next … [Read more...] about What kind of subsidies can farmers get in the post WTO integration period?