Merger and acquisition activities in Vietnam's banking sector are expected to grow in the years to come despite certain regulatory barriers hindering foreign investors.
Vietnam has become a favoured destination for merger and acquisition (M&A) deals for foreign investors, particularly those from the Republic of Korea (RoK), China’s Hong Kong, Singapore and Japan as the Asian multinationals see the benefits of having presence in one of the region’s fastest-growing economies.
The German Machine Tool Builders’ Association (VDW) and the German Chamber of Commerce and Industry (GIC) held a seminar in Ho Chi Minh City on May 14 to discuss Germany’s new inventions in machine tool manufacturing.
Last August, Prime Minister Nguyen Xuan Phuc issued Decision No.986/QD-TTg on the Development Strategy of the Banking Sector.
The charter capital of the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has risen by 3 percent to 37.1 trillion VND (1.6 billion USD) after its recent sale of more shares to two strategic investors - the Singaporean investment fund GIC Private Limited (GIC) and Japan’s Mizuho Bank.
Foreign investors cannot take their eyes off the Vietnamese real estate market, one of the most dynamic emerging markets globally, according to an article by regional managing director, Southeast Asia, CBRE Vikram Kohli on www.bussinesstimes.com.sg.
GIC Pte, Singapore’s sovereign wealth fund, has made huge investments in large Vietnamese firms such as VinHomes, Vietjet, Techcombank and Masan.
The Vietnamese real estate sector has been attracting a large proportion of international investment inflows over the past years and the country is expected to remain one of the world’s most attractive markets for foreign developers in the years to come.
Vietnam’s (B1 stable) credit profile is supported by its robust economic growth and diversified economy, according to Moody’s Investors Service.
Vietnam always welcomes Singaporean investors and believes in their success in doing business in the country, President Tran Dai Quang told the Singapore-Vietnam business forum in Singapore on August 29.
Singapore's sovereign wealth fund GIC is set to acquire a 7.73% stake on a fully enlarged basis in Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Vietcombank announced on August 29.
German enterprises are demonstrating their confidence in Vietnam, thanks to the country’s improved investment climate and participation in free trade agreements.
Singapore's government has acquired more than 27.6 million shares in Vietnam's consumer giant Masan Group Corporation to boost its stake to 5.08% from the original 1.38%.
(VOV) - A delegation of German businessmen arrived in Vietnam on October 12 for a visit to assess the country’s investment environment, according to Vietnam’s Foreign Ministry.
(VOV) - The German Industry and Commerce (GIC) in Vietnam has unveiled in a press release that a contingent of representatives from 10 businesses will visit Hanoi and Ho Chi Minh City on October 12-16 to explore trade and investment opportunities.
A Memorandum of Understanding (MoU) to promote links between Vietnamese localities and German businesses has been signed in Ho Chi Minh City.
(VOV) - German newspaper "The Mirror" recently ran an article praising the Vietnamese investment environment as well as its open policies for foreign businesses.
(VOV) - The German Industry and Commerce Vietnam (GIC) has announced that the Asia-Pacific Conference of German businesses (APK) 2014 will be held in Ho Chi Minh City from November 21-22 next year.
(VOV) - The Government of Germany is committed to providing US$20 million for its technical and financial cooperation program with Vietnam.