At the press conference (Photo: baodautu.vn) Hanoi (VNA) – The Vietnam M&A forum 2019, an annual event ofmergers and acquisitions for domestic and foreign enterprises, will return inits 11th edition at GEM Conference Centre in Ho Chi Minh City on August 6.
The event has been co-organised byVietnam Investment Review (VIR) and AVM Vietnam since 2009 under thesponsorship of the Ministry of Planning and Investment.
At a press conference held in Hanoi on July 23, Deputy Minister of Planning andInvestment Vo Thanh Thong said Vietnam is promoting M&A activities intandem with privatisation of state-owned enterprises in various sectors liketransportation, infrastructure, food, agriculture, telecommunications, trade,service, tourism, and construction.
Themed “Going for breakthrough”, this year event looks to evaluate, analyse andseek solutions to improving legal frameworks for M&A activities, ensuringsound development of the M&A market while reducing negative impacts of theM&A deals.
The forum will serve as a bridge to connect domestic and foreign investors aswell as create favourable conditions for foreign capital to run into thecountry, Thong stressed.
Main activities at the Vietnam M&A Forum2019 include a seminar on M&A, award ceremony for best M&A deals,intensive training course on M&A, and special issuance “Overview ofVietnam’s M&A market 2019”.
After a decade of strong growth with thousands of M&A transactions worthnearly 50 billion USD, the M&A market has entered a new era with variousopportunities.
Value of M&A deals in 2018 totalled 7.64 billion USD, or 74.9 percent of2017. In the first half of 2019, M&A transactions were worth 1.9 billionUSD, accounting for 53 percent of the amount recorded in the same time lastyear.
Remarkable transactions were in consumer finance, retail sale, seafood,logistics and education.
Unlike 2017 that Vietnam lured a huge amount of capital from Thailand throughM&A, the year 2018 saw the dominant presence of investors from Singapore,Hong Kong (China), the Republic of Korea and Japan. Particularly, theKorean-based SK Group’s M&A deal with Vingroup, worth billions of USdollars, made up 25.64 percent of the total M&A value from July 2018 toJuly 2019.
Experts said M&A value can reach 6.7 billion USD in 2019, or 88.16 percentof the figure in the previous year. - VNA
VNA
