An agreement to this effect was signed between the VCCI Vice Chairman, Hoang Van Dung, and the Managing Director of Daiwa, Yuichi Akai, in Hanoi on April 28.

They will focus on equitisation, mergers and acquisitions (M&A), corporate restructuring, improvement of financial management and business administration capacity and measures to develop businesses and attract investment.

Speaking at the signing ceremony, VCCI Vice Chairman Dung said that the global economic recession has helped businesses see their strengths and weaknesses so they will be able to seize any opportunities arising from the economic recovery and map out future sustainable development plans.

Therefore, businesses should speed up restructuring and upgrading at different levels, he said, adding that the VCCI-Daiwa agreement will help them fulfil these objectives.

According to Akai, Daiwa is strong at M&A, corporate restructuring and improving financial management and business administration so Vietnamese businesses should link up with Daiwa’s companies in this field.

In the future, Daiwa will come up with new methods to develop its partnership with the VCCI and help Vietnamese businesses catch up with the global market, he said, adding that Daiwa is committed to long-term cooperation with Vietnam.

In addition to sharing information and experiences, Daiwa will act as a conduit for Japanese investment in Vietnam.