RSM Vietnam was last week awarded The Most Notable M&A Advisory Firms in 2018-2019 by the Vietnam M&A Forum 2019 What are some of the hurdles that Vietnamese companies face when conducting mergers & acquisitions (M&A) with foreign investors, and why do they exist? Lam Le Cross-border M&A in Vietnam has only become robust in the past decade, especially the past five years. This means Vietnamese companies remain very new to this activity, and they can be ill-prepared when it comes to due diligence. This is a stark contrast to foreign buyers, who come from developed markets with a well-established procedure to do M&A. An international investor usually wants to carry out a thorough evaluation of their Vietnamese target in a lot of areas, from human resources, technology, and finance to taxes and legal matters. This process takes at least a few months, or even a few years to complete, depending on how well the seller prepares the information … [Read more...] about Concluding cross border M&A deals in a professional fashion
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The Hanoitimes - Over the past 10 years, M&A activities in Vietnam have been growing strongly and become an indispensable part of the investment – business ecosystem in Vietnam. M&A deals in Vietnam down 47% to US$1.9 billion in H1 Vietnam’s M&A deals reach record high of US$9.9 billion in 2018 South Korean banks target M&A in Vietnam’s banking sector Missed opportunities for Vietnam due to slow privatization pace Hanoi demands individual responsibility for delay in SOEs privatization Vietnam gov't urges faster SOE privatization Total value of mergers and acquisitions (M&A) deals in Vietnam in 2018 hit US$10.2 billion, marking a big jump from just US$1.1 billion 10 years ago, leading to an accumulated value of US$55 billion in the past decade, according to Vu Dai Thang, vice minister of Planning and Investment. Deputy Minister of Planning and Investment Vu Dai Thang at the forum. Source: VIR. Over the past 10 … [Read more...] about Vietnam sees US$55 billion in M&A deals made in a decade
The Hanoitimes - Vietnam has outpaced regional peers in attracting foreign investment over the last years. Rising costs in China drive up industrial property market in Vietnam Vietnam – middle power in Asia-Pacific Vietnam is a growing heavyweight in Asia thanks to competitive wages, growth in manufacturing and foreign investment. Pace of growth after GDP exceeds USD1,000 per capita. Source: IMA, JLL Research More foreign companies and investors focus on this bright spot in the context that uncertainties cloud the global economic outlook, according to a report by DBS Bank, a Singapore-based multinational banking and financial services corporation. The bank pointed out a number of factors that are fueling the country’s economic expansion. First of all, its economy grew by 7.1% in 2018, making it the fastest growing in ASEAN. Secondly, Vietnam ranks second-largest electronics exporter in ASEAN. In less than a decade, Vietnam has … [Read more...] about Why foreign investors call Vietnam a rising Asian star?
Private lender Asia Commercial Bank last Friday introduced a new interest schedule with an increase of 0.2-0.3 percentage points in rates on most deposit terms. It also offers rates proportional to the amount of deposit. Techcombank, another of the larger private banks, since January 21, has hiked rates by 0.2-0.3 percentage points for terms of up to 12 months. Earlier, in mid-December most private banks had upped rates by 0.1-0.7 percentage points, while state-run banks increased them by up to 0.5 percentage points. However, there are also a few banks that choose to ‘go against the current’ by lowering deposit rates on same products. For instance, BIDV, Vietnam's biggest lender by assets, has just lowered interest rates on its deposit rate schedule effective from January 22. BIDV’s 5-month savings is now 5.2 percent interest, down from its previously 5.5 percent which was its approved ceiling rate. Previously, at the end of December 2018, BIDV increased the … [Read more...] about Interest rate rises in the lead-up to biggest national holiday
Viet Nam News by Võ Thị Dung If you want to try some new and unusual accommodations while travelling, spending a night at a hostel made from discarded containers might the choice for you. Why Not Hostel is the first lodging facility of this kind in the central province of Quảng Bình, home to the world-famous natural heritage site Phong Nha Kẻ Bàng Cave. With unique design and decorations as well as an environmentally friendly atmosphere, the hostel has become a favourite choice of accommodation that has attracted an increasing number of visitors to this beautiful coastal province. While other hotels and hostels are built with concrete, the whole structure of Why Not Hostel, located in the centre of Đồng Hới City, is made of recycled old containers and other discarded materials. However, these recycled building materials still create comfortable and impressive accommodations, offering the visitors new and interesting experiences. … [Read more...] about Why not sleep in a container?