Hanoi (VNA) – The annual merge and acquisition forum(M&A Vietnam Forum) in 2022 will be held in Ho Chi Minh City on November23, according to the organising board.
The event, to be organised by Vietnam Investment Review withthe sponsorship of the Ministry of Planning and Investment, will be themed "Ignitingnew opportunities".
Addressing a press briefing to provide information about theevent, Le Trong Minh, Editor-in-Chief of Vietnam Investment Review, said thatthe Vietnamese economy has recovered strongly after the COVID-19 pandemic and shownstrong resilience against impacts from the outside.
The domestic business community’s development needs in thenew context require a strong injection not only in terms of capital but alsonew technological know-how and modern management skills, Minh said, adding thatit’s time for M&A activities to prove the prominence in helping businessescomplete their growth target.
Nguyen Cong Ai, Deputy General Director of KPMG Vietnam, cited statistics from GlobalData showing that in the third quarter of 2022 sawa drop of 48% in the value of M&A deals. He stressed that the globalM&A market is likely to experience a crisis next year.
In Vietnam, in the first 10 months of this year, 5.7 billionUSD was poured into M&A deals, down 35.3% year on year. Singapore was theleading country in cross-border transactions with about 1.2 billion USD,followed by the US (570 million USD) and the Republic of Korea (370 millionUSD), he added.
However, PE Fund and Venture Capital still saw strong growthin the first months of this year despite uncertainties in the capital marketand bad debt. In particular, Vietnam's innovation startup ecosystem in 2022 isforecast to draw about 2 billion USD.
The above signs show that the M&A market in Vietnam is likelyto remain bustle, especially in the context tightened domestic capital and manybusinesses are forced to restructure, sell assets and call for investment dueto financial pressure.
The M&A Vietnam Forum, expecting the participation ofmore than 500 delegates, will focus on M&A opportunities amid the fluctuatingmarket, and the building of new values.
On the sidelines of the event, a number of activities willbe held to provide chances for business to meet and seek partnership./.
The event, to be organised by Vietnam Investment Review withthe sponsorship of the Ministry of Planning and Investment, will be themed "Ignitingnew opportunities".
Addressing a press briefing to provide information about theevent, Le Trong Minh, Editor-in-Chief of Vietnam Investment Review, said thatthe Vietnamese economy has recovered strongly after the COVID-19 pandemic and shownstrong resilience against impacts from the outside.
The domestic business community’s development needs in thenew context require a strong injection not only in terms of capital but alsonew technological know-how and modern management skills, Minh said, adding thatit’s time for M&A activities to prove the prominence in helping businessescomplete their growth target.
Nguyen Cong Ai, Deputy General Director of KPMG Vietnam, cited statistics from GlobalData showing that in the third quarter of 2022 sawa drop of 48% in the value of M&A deals. He stressed that the globalM&A market is likely to experience a crisis next year.
In Vietnam, in the first 10 months of this year, 5.7 billionUSD was poured into M&A deals, down 35.3% year on year. Singapore was theleading country in cross-border transactions with about 1.2 billion USD,followed by the US (570 million USD) and the Republic of Korea (370 millionUSD), he added.
However, PE Fund and Venture Capital still saw strong growthin the first months of this year despite uncertainties in the capital marketand bad debt. In particular, Vietnam's innovation startup ecosystem in 2022 isforecast to draw about 2 billion USD.
The above signs show that the M&A market in Vietnam is likelyto remain bustle, especially in the context tightened domestic capital and manybusinesses are forced to restructure, sell assets and call for investment dueto financial pressure.
The M&A Vietnam Forum, expecting the participation ofmore than 500 delegates, will focus on M&A opportunities amid the fluctuatingmarket, and the building of new values.
On the sidelines of the event, a number of activities willbe held to provide chances for business to meet and seek partnership./.
VNA