M&A deals increase five folds in value in 2012

(VOV) -The total value of all Vietnamese mergers and acquisitions(M&As) increased five-fold to nearly US$5 billion in 2012 said Deputy Minister of Planning and Investment Dang Huy Dong at the August 8 (M&A) Forum in Ho Chi Minh City.

Vietnam is currently implementing a sustainable economic restructuring programme to improve efficiency and competitiveness. M&A activities are not channels for investment but also important contributions to promoting broader investment, business, and banking system reforms, he added.

KPMG Vietnam Director General John Ditty believes more transactions will be completed this year thanks to the Government’s strong commitment to overcoming the difficulties encountered in 2012.

Despite Vietnam’s macroeconomic concerns, M&A activities are still rising rising, he said.

Vinaland Limited CEO David Blackhall said ASEAN investors are interested in pursuing M&As with Vietnamese businessesbecause of the latter’s undervaluing.

He pointed out the real estate sector is anticipating a large amount of foreign investment in 2014.

Japanese RECOF Corporation CEO Masataka “Sam” Yoshida highlighted some key features encouraging Japanese companies to invest in Vietnam, including the stability of the two countries’ bilateral relationship, market growth, and Vietnam’s position as a gateway to the Greater Mekong Subregion.

The M&A Vietnam Forum, jointly hosted by the Vietnam Investment Review and the AVM Vietnam Company, welcomed 350 leaders, representatives, and experts from both foreign and domestic economic groups and consultancies.