Vietnam’s merger and acquisition (M&A) market has seen significant growth over the past decade with a total of 4,353 deals valued at $48.8 billion done. Last year there was the biggest M&A deal ever when Thaibev Group bought 53.59 percent of the country’s largest brewery Sabeco through its subsidiary. This interest is expected to spread to other booming sectors like energy and infrastructure, education, pharmaceuticals, and telecoms in the near future aided by the constant efforts by the government to ease the restrictions on foreign investment in several sectors. In practice, M&A transactions involve guidance from consultants with various kinds of expertise until the deal is closed. The performance of legal due diligence (DD) in conjunction with financial and business DD is the first step in a deal as a pre-contractual investigation before proceeding with any further negotiations between the relevant parties. In M&A transactions, legal DD serves to collate … [Read more...] about Legal due diligence vital for business acquisitions in Vietnam
Unsecured new business loans
BUSINESS NEWS IN BRIEF 6/9
SSI upgrades stock board and order services for Web Trading SSI Web Trading, an online trading service from Saigon Securities, has upgraded its online stock board and updated two more conditional orders for derivative trading. The two new orders, namely OCO and Bull & Bear, are the two most useful orders in derivative trading. With this upgrade, all market data displayed on the board and order screen will be updated consecutively and immediately, helping investors track stock prices and follow transactions quickly and accurately. In June, SSI also upgraded its Web Trading by adding four more types of conditional orders. The continuous upgrades to the platform demonstrates SSI’s efforts in providing diversified, efficient trading tools for profit maximisation and risk prevention for clients when practicing derivative trading. With two new conditional orders, OCO and Bull & Bear, SSI has six types of conditional orders, including Up, Down, Trance Up, … [Read more...] about BUSINESS NEWS IN BRIEF 6/9
BUSINESS NEWS IN BRIEF 15/8
Over VND96 trillion of G-bonds mobilised The State Treasury of Viet Nam has raised a total of VND96.251 trillion (US$4.13 billion) via auctions of Government bonds at the Ha Noi Stock Exchange (HNX) since the beginning of the year. At an auction this week, the State Treasury mobilised VND3.95 trillion from five-year and seven-year bonds worth VND500 billion each and 10-year bonds and 15-year bonds worth VND2 trillion each. The interest rate of bonds increased slightly. Bonds with 10-year maturity raised VND1.55 trillion with an annual interest rate of 4.53 per cent, up 0.03 percentage points from the previous auction on August 1. A sub-session auction of 10-year bonds drew VND600 billion with the yearly interest rate of 4.53 percent. Those with a 15-year term attracted VND1.2 trillion with an annual interest rate of 4.81 per cent, up 0.03 percentage points in comparison with the rate of the previous auction on July 25, 2018. As much as VND600 million was mobilised … [Read more...] about BUSINESS NEWS IN BRIEF 15/8
SHB Finance inaugurates new headquarters and new unsecured loan
SHB Finance has just launched its new unsecured cash loan to match consumer demand in the five cities and provinces of Hanoi, Ho Chi Minh City, Binh Duong, An Giang, and Kien Giang after a period of trial and perfecting the system. The inauguration ceremony of SHB Finance's new headquarters SHB Finance has inaugurated its new headquarters on August 9, 2018 at the Gelex building, 52 Le Dai Hanh Street, Hai Ba Trung District, Hanoi. At the inauguration ceremony, Do Quang Hien, chairman of Saigon-Hanoi Commercial Joint Stock Bank (SHB), stated: “Launching SHB Finance has marked a new development stage for the consumer finance market. SHB Finance will provide the fastest, most modern, and most convenient services based on modern technology.” Do Quang Hien, chairman of SHB “SHB has a large number of customers, including strategic partners, including big corporations with a large staff. The strengths of SHB are a system of diversified businesses along … [Read more...] about SHB Finance inaugurates new headquarters and new unsecured loan
GoBear appoints new CEO
GoBear has appointed Adrian Chng to succeed Andre Hesselink as its new CEO as of July 16. The appointment will see Adrian lead the management team with Ivonne Bojoh, Frank Stevenaar, and Marnix Zwart as GoBear continues to build on its successes and rapidly scale the business into new products and markets. Adrian Chng, GoBear’s new CEO Adrian Chng is one of Asia’s foremost FinTech startup entrepreneurs, co-founding two FinTechn startups so far and sitting on the board of many others. Most recently, Adrian was CEO of Fintonia, a merchant bank he founded in 2015 that invests in FinTech companies in the ASEAN and Hong Kong. In addition, he co-founded Credolab and AsiaKredit in 2016 and 2017, respectively, driven by the strong commitment to helping customers and the community thrive and creating employment for people. Adrian is also well-known for leading Asian jobs portal JobsDB.com, a key achievement of which was the AUD1 billion ($738.4 million) merger with … [Read more...] about GoBear appoints new CEO