Le Thanh Trung, deputy general director of HDBank, receives the award for being the “Company with the best M&A Strategy of the Decade (2009-18) at the Viet Nam M&A Forum this week. – Photo Courtesy of HDBank. The HCM City Development Joint Stock Commercial Bank won two awards at the Viet Nam M&A Forum for being the “Company with the best Mergers and Acquisitions (M&A) Strategy of the Decade (2009-18) and making the “Outstanding IPO in 2017-18” in HCM City on August 8. It was the only bank among the nominees for the best M&A strategy of the decade. The jury hailed HDBank’s two eye-popping M&A deals in 2013: its acquisition of DaiABank and Société Générale Viet Finance, a French consumer finance company now renamed HD Saison Finance Co., Ltd. The two deals also came in for praise from financial and banking experts for their both deployment methods and strong growth potential post-merger. After the merger the … [Read more...] about HDBank walks away with best MA strategy of the decade award
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Companies in Vietnam have experienced fierce competition over the last few years, both qualitative and quantitative. Many have been forced to close down while others are still in business but struggling to move forward. The question is how to make a brand not only sustainable but also grow in value in the context of fierce global competition and rapid digitalization. There are many approaches to answering this question. Here I note the three key driving forces for brands: digital transformation, globalization, and brand leadership. In my observation, these forces help grow a company’s brand value if implemented successfully. Customer-centric digital transformation Unlike in the past, customers now have many brand choices for a particular product in Vietnam. Let’s take bakery goods for example. Customers would have previously mentioned Kinh Do in the south or Hai Ha in the north, but today they may name a long list of bakery brands: Top Cake, Tous Les Jours, ABC, … [Read more...] about How best to maintain brand value?
Vietnamese businesses should actively seek information and grasp the development and investment strategies of banks to win bids for projects financed by the World Bank (WB) and Asian Development Bank (ADB). — Photo VGP Vietnamese businesses should actively seek information and grasp the development and investment strategies of banks to win bids for projects financed by the World Bank (WB) and Asian Development Bank (ADB), said representatives of the two banks on Thursday. The information was released in Ha Noi at the workshop entitled “Winning Contracts in the Asian Development Bank and the World Bank Financed Projects” co-hosted by the two banks and the Viet Nam Chamber of Commerce and Industry (VCCI). Achim Fock, Portfolio & Operations Manager in the World Bank office in Viet Nam, said the workshop aimed to share information for Vietnamese enterprises to gain access to WB and ADB financed projects. It also updated regulations on bidding and methods to prepare … [Read more...] about Vietnamese firms urged to work to win WB, ADB bids
The FBI's investigation of bribery and corruption at FIFA includes scrutiny of how soccer's governing body awarded World Cup hosting rights to Russia and Qatar, a U.S. law enforcement official said. Russia and Qatar have denied wrongdoing in the conduct of their bids for the 2018 and 2022 tournaments, which were not the subject of charges announced by U.S. prosecutors a week ago against FIFA officials that stunned world soccer. The U.S. law enforcement official, who spoke to Reuters on condition of anonymity, said the review of the bids would be part of a probe that goes beyond the indictments. Among issues the FBI is examining is the stewardship of FIFA by longtime president Sepp Blatter, who unexpectedly announced on Tuesday he was resigning shortly before it emerged that he too was under investigation by U.S. law enforcement. Authorities said last week that they were investigating a case of $150 million paid in bribes over two decades while Swiss prosecutors announced their … [Read more...] about FBI extends FIFA scrutiny to World Cup host bids of Russia, Qatar
(VOVworld) - One of Vietnam's most needed reforms is to create a legal framework for non-state economic sectors to invest in infrastructure construction, economic development, and public services. That was a statement made by Bui Quang Vinh, Minister of Planning and Investment, on the TV show "People ask, ministers answer". Vinh said that all foreign enterprises licensed to do business in Vietnam have to obey Vietnamese law and operate like domestic enterprises. As a result, Vietnam does not distinguish the foreign direct investment (FDI) sector from the domestic economic sector. Vinh said the problem is how domestic enterprises can develop and gain achievements like the FDI sector. He said: "The government should resolve basic difficulties for Vietnamese businesses. It's necessary to quickly buy or and sell enterprises' debts in order to help them outline their best development strategies. Bad debts should be written off. Private businesses should be given access to national … [Read more...] about Vietnamese businesses need methodological development strategy