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A rise in both the number and the value of mergers and acquisitions (M&As) in Vietnam last year and early this year have signaled that M&As are booming in the country. According to auditing firm Pricewater House Coopers (PwC)’s statistics, there were 295 M&As worth a combined 1,138 million USD in the country last year, up 77 percent over the previous year. In the first quarter of this year, the market was more ebullient with larger acquisitions: the Vietnam Industrial and Commercial Bank (Vietinbank) sold 10 percent and 15 percent of its statutory capital to the International Finance Corporation (IFC) and Canada ’s Nova Scotia Bank respectively, and VNPT Global sold 10 percent of its shares to the Singapore Technologies Telemedia (ST Telemedia). Notably, the Hung Vuong Fishery Joint Stock Company (HVG) offered to buy 3.75 million shares of the An Giang Fishery Import-Export Joint Stock Company (AGF) in a bid to raise its share in AGF to 51 … [Read more...] about M&A boom building up steam in Vietnam

Economist Nguyễn Mại quoted the BMI Research in 2018 saying Việt Nam 's pharmaceutical market size reached $5.9 billion, up 11.5 per cent over the previous year, becoming the second largest pharmaceutical market in Southeast Asia, staying in the group of 17 countries with the highest pharmaceutical industry growth rate in the world. … [Read more...] about Vietnamese, Indian pharmaceutical enterprises have great opportunities in Viet Nam

HÀ NỘI — Pháp Vân-Cầu Giẽ BOT (build-operate-transfer) Joint Stock Company has sent a proposal to the National Assembly’s Economic Committee to broaden the Pháp Vân-Cầu Giẽ Expressway from the current six lanes to eight or 10 lanes. … [Read more...] about Proposal to broaden Pháp Vân-Cầu Giẽ Expressway

According to Deputy Minister of Agriculture and Rural Development Phùng Đức Tiến, procedures needed to export bird’s nests to China are almost completed. Việt Nam expects to ship the first batch of this product to China in the first quarter of 2021, the world’s largest bird’s nest consumption market. … [Read more...] about Bird’s nest exports set to soar

The company basically completed all of its targets in 2020. It operated the Dung Quất Oil Refinery in a safe and stable manner, with average operational capacity at 105 per cent and total output at about 5.95 million tonnes, surpassing the target by 7 per cent. … [Read more...] about BSR posts after-tax profit of more than $54m in Q4 2020