Public investment

“It is necessary to have drastic measures to reform SOEs with efficiency,” VAFI said. VAFI said that the amended laws should include a new definition for SOEs – those with the State holding a controlling stake, listed on stock exchanges and operating in sectors requiring a controlling State stake. … [Read more...] about Amendmends to enterprise, investment laws must promote SOE efficiency

Accordingly, the loan for the project would come from the World Bank’s International Development Association (IDA) instead of the International Bank for Reconstruction and Development, helping cut the interest on the loan during the period of construction. … [Read more...] about Gov’t trims investment in BRT project in HCMC

"More importantly, in 2020, a year of impressive success, Vietnam has basically achieved the 'dual goals' of curbing the COVID-19 pandemic and maintaining macroeconomic stability along with social security," the deputy minister added. "The International Monetary Fund predicted that Vietnam is the sole country to maintain positive economic growth among the ASEAN-5 countries this year. Vietnam’s inflation was kept under control while the monetary market basically remained stable and the stock market posted positive developments. These important results are highly appreciated by the international community, reinforcing the position of Vietnam as an attractive and safe investment destination for foreign investors." … [Read more...] about A constellation of benevolent factors for M&A activity

However, there are some barriers for buyers to strike up deals with local firms, especially the high valuation. While sellers want to get high value, foreign investors expect pricing relative to market value. The high valuation hinders foreign investors in approaching the sellers and loses them opportunities to buy the companies. Therefore, sellers need to comprehend the investors’ viewpoints, and advisory firms can get involved to set a reasonable price and facilitate efficient negotiations. … [Read more...] about Experts pinpoint M&A opportunities in new normal

Economist Tran Dinh Thien, member of the Economic Advisory Team of Prime Minister Nguyen Xuan Phuc, made the remarks during a conference on transport infrastructure connection in the region. Comprising Ho Chi Minh City and the six provinces of Ba Ria-Vung Tau, Dong Nai, Binh Duong, Binh Phuoc, Tay Ninh, and Binh Thuan, the region covers 31,300sq.km and has a population of 19.6 million. Bordering the East Sea, the region is rich in resources and enjoys favourable climate conditions, making it the country’s most economically developed region. Thien said the Party has paid significant attention to the development of the southeastern region, especially HCM City, which has helped to maintain the region’s lead in national GDP shares (50.8 percent), State budget contributions, and other economic factors. However, its ‘driver of growth’ status is under threat as the GDP growth in 2016-18 reached 6.72 percent against the 9.08 percent growth of the Northern Key … [Read more...] about Better transport connectivity needed for southeastern region: experts