Minh Phu Seafood conducted a private placement of 35 per cent of the stake for a whopping $155 million, Photo: Le Toan According to statistics by the M&A Research Team at AVM Vietnam, the value of mergers and acquisitions (M&A) deals in the first six months of 2019 reached $1.9 billion. For the entirety of 2018, Vietnam recorded $7.64 billion of M&A transactions, up 41.4 per cent from 2017. Last year, due to global conflicts and trade slowdown, most of the ASEAN countries witnessed a decline in M&A transactions, in contrast to the situation in Vietnam. In fact, the combined value of all M&A deals in the country was the second-highest in the region last year, behind Thailand. However, as typical of a frontier market, the value of each transaction in Vietnam remains smaller than the regional average, standing at $5 million. Small- and medium-sized deals took up 90 per cent of all M&A exchanges in the country, and bigger transactions at $10 million and … [Read more...] about The dynamics of Vietnam’s M&A market
What should a marketing plan look like
Viet Nam News By Du An “Last night, a snake crept onto Lâm’s bed,” someone started. “Oh my god. She felt something slippery, threw off her blanket, then jumped up and down. She was very lucky. If that snake had bitten her, we would have been at her funeral today.” Another said, “Where is that snake now? Its meat will be great for a feast.” “There’s nothing left. It was smashed to powder.” “Who smashed it?” “Who else but Lâm? There isn’t anybody else under her blanket.” “Biên might have come back home at midnight, who knows.” “We know. Mường Song is as small as a palm of hand, we know everybody who comes and goes…” The snake in this conversation at the three-way crossroads sounded even more real than the actual snake and Lâm. Some stood while others sat, and everybody gossiped enthusiastically. As the conversation was running out of … [Read more...] about A snake crept inside
Minister, Chairman of the Government Office Mai Tiến Dũng. — VNA/VNS Photo Dương GiangViet Nam News The reform of administrative procedures must be a "non-stop resolve", that’s the message from Minister, Chairman of the Government Office Mai Tiến Dũng who spoke to Vietnam News Agency about challenges facing administrative reforms over the past three years. Working side by side with the Prime Minister in various activities, have you ever felt overloaded and been under pressure? It’s lie to say no hard work, no pressure. But it’s important to stay devoted and loyal. The whole Government Office staff thoroughly grasps such thoughts to be open, willing to learn, listen, and to be determined to follow the Prime Minister’s guiding ideology that the Government should transform from administrative management to serving, which means the Government must be proactive in all works. Human beings play the most significant role in … [Read more...] about Admin reform must be a continuous resolve
Vanessa Lou, director of Actuarial Services in Southeast Asia, EY Singapore IN THE SIMPLEST WAY, HOW WOULD YOU DESCRIBE IFRS 17? IFRS is the core of auditing and accounting. It has completely changed the face of this area – a change so big that it requires alterations in all other aspects to be able to respond to the continual evolution of the accounting profession. Those aspects include strategy, product categories, people, system, and processing. This also means that IFRS significantly changes the way insurance companies operate. However, we should also see this as an opportunity to restructure product categories, strategy and business operations in general. A new business strategy will bring in new gains for such companies. WILL DRASTIC CHANGES ALSO BRING IN LOTS OF SUBSTANTIAL CHALLENGES? This is true. IFRS 17 introduces new requirements which would bring unique challenges in implementation for insurance companies, such as CSM calculation, level of aggregation, the … [Read more...] about Implementing IFRS 17 a step to polish framework
A co-working space in Ha Noi. The proliferation of co-working space in the country has been viewed as helpful to the fast-growing start-up scene. — VNS Photo Bao Hoa Banking on solid economic growth, a young population and strong internet coverage, Viet Nam has been making efforts to become a start-up nation. The country has set its sights on having one million active businesses by 2020, and at the core of this community will be 5,000 innovative start-ups at the forefront of technology, ushering the country’s labour-intensive growth into the new age of digitisation and out of the middle-income trap. The Government started getting serious about the issue in 2016 – marking the year as the national start-up year and putting in place the Prime Minister’s ‘National Programme for Supporting an Innovative Startup Ecosystem through 2025’, or Project 844. According to FPT Insight, a start-up ecosystem involves several stakeholders, including the Government, … [Read more...] about VN’s start-ups have ambitious plans, but is red tape holding back development?