Foreign market entry modes

Many hotels are for sale, especially in the main centres of Ho Chi Minh City, Hanoi, and Danang, photo Le Toan The detrimental impact of the pandemic has brought many hotels on the verge of a financial crisis, and more Vietnamese hoteliers are now seeking foreign investors to sell their assets in the wake of current COVID-19 outbreaks. Vietnam has been an alluring investment destination for hotel investments to both local and foreign investors. The interest to participate in hotel mergers and acquisitions (M&A) is very high, and most international hotel investment groups and funds have been looking at Vietnam. “They see both the short- and long-term potential of the country for hospitality and real estate. In several cases, investors are willing to accept a period of negative cash flow while waiting for recovery,” said Mauro Gasparotti, director of Savills Hotels APAC. However, Gasparotti added, the main obstacle for M&A was never the lack of investment demand but … [Read more...] about Hoteliers fight to exit pandemic quandary

Animal feed producers have been troubled by “unnecessary and costly” conformity regulations From July 1, enterprises must complete procedures for conformity declaration for entire types of animal feed and supplements on an annual basis. In a meeting organised by the Ministry of Agriculture and Rural Development’s (MARD) Livestock Production Department (LPD) on July 12, with the participation of Deputy Minister of Agriculture and Rural Development Nguyen Hoang Hiep, representatives of many producers and associations raised their voices to propose abolishing the regulation. Nguyen Van Tue, deputy general director of Dabaco Group, told VIR that the requirement on conformity declaration is unnecessary because animal feed producers already comply with the regulations in terms of facilities, workforce, and research and development during the operation process. “Besides that, producers register quality standards for every product and they have to be in charge of the products.” In … [Read more...] about Animal feed producers find fault in ruling

In the past two years, CIMB Viet Nam has continuously increased its charter capital, showing its commitment to long-term development in the country. Photo courtesy of the bank The State Bank of Viet Nam on Thursday approved the chartered capital increase of the wholly foreign invested CIMB Viet Nam Bank from the current VND3.47 trillion (US$150.5 million) to VND3.69 trillion ($160.1 million). Accordingly, the central bank promulgated Decision No 1241/QD-NHNN amending the charter capital of the bank’s licence. In the past two years, CIMB Viet Nam has continuously increased its charter capital, showing its commitment to long-term development in the country. Thomson Fam Siew Kat, CEO of CIMB Viet Nam, said: “CIMB considers Viet Nam as one of the most dynamic finance and banking markets in Asia and also one of our priorities. The charter capital increase would help us expand our investment, focusing on providing Vietnamese customers with modern finance and banking products as … [Read more...] about CIMB Viet Nam approved to increase charter capital to US$160.1 million