Business

Japanese investors seek M&A partners in Vietnam

Major Japanese enterprises are looking to buy Vietnamese IT firms through merger and acquisition (M&A) deals to expand production and business in the Southeast Asian country, reported Dau tu (Investment) newspaper.
Japanese investors seek M&A partners in Vietnam ảnh 1Workers at an industrial park in Vietnam's northern province of Bac Ninh (Photo: VNA)

Hanoi (VNA) – Major Japaneseenterprises are looking to buy Vietnamese IT firms through merger andacquisition (M&A) deals to expand production and business in the SoutheastAsian country, reported Dau tu (Investment) newspaper.

Besides IT businesses, Japanese investors arealso interested in other fields such as hotel, industrial park, clean energy,renewable energy, seafood processing, and pharmaceutical production.

Particularly, amidst the COVID-19 pandemic, theJapanese government will provide financial support for businesses to diversifysupply chains in Vietnam.

Under a scheme in which the Japanese governmentwill fund production shifting to ASEAN countries, 15 Japanese firms haveregistered to move to Vietnam.

They belong to a list of 30 Japanese enterprisesthat will be paid to move factories to Southeast Asian nations like Vietnam,the Philippines, Thailand and Laos.

According to the Japan External Trade Organization(JETRO), 1,400 out of 3,500 Japanese businesses surveyed in 2019 said they wantto expand production in Vietnam in the next three years./.
VNA
#IT firms #merger and acquisition (M&A) deals #expand production #Southeast Asia #COVID-19 #ASEAN #JETRO #Vietnamplus #Vietnam News Agency Japan Vietnam
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