HCM City hosts conference on M&A opportunities in Vietnam

Its stable political system, large workforce and high purchasing power make Vietnam an ideal destination for investors seeking M&A opportunities, the Global M&A Partners Conference heard in Ho Chi Minh City on November 13.
HCM City hosts conference on M&A opportunities in Vietnam ảnh 1Representatives of RECOF Vietnam and Global M&A Partners at the press conference before Global M&A Partners Conference held in HCM City on November 13. (Photo Courtesy of RECOF Vietnam)
HCM City (VNS/VNA) - Its stable political system,large workforce and high purchasing power make Vietnam an ideal destination forinvestors seeking M&A opportunities, the Global M&APartners Conference heard in Ho Chi Minh City on November 13.

The event, organsied by M&A consulting company RECOF Vietnam,was a forum meant to showcase opportunities and facilitate investment in Vietnam.

It featured presentations, discussions and networking sessions forparticipants to gain insights into the country’s investment landscape,regulatory frameworks and emerging sectors.

Investors had the opportunity to engage in discussions withindustry experts, government officials and prominent business leaders.

Ivan Alver, Co-chairman of Global M&A Partners, said Vietnamis a fast growing market in which investors from around the world want toexpand market share.

He attributed the interest to the country’s “Stable politicalsystem together with a large labour force.”

The country also has a significant population size,impressive economic growth and a burgeoning middle-class consumer base.

Over the years, the country has attracted investments from variousAsian countries like Japan, Korea, Singapore, Thailand and China, but there hasbeen a noticeable absence of investments from Europe and North/South America.

The country’s inflation has passed its peak and is showing clearsigns of decline.

Domestic demand remains substantial with revenues from retailgoods and services rising by 9.4% year-on-year in thefirst 10 months of 2023.

Interest rates have reduced, exchange rates have stabilised andforeign reserves have risen.

Speaking at the conference, Tran Thi Hai Yen, Director of theInvestment Promotion Centre’s southern office, said Vietnam is an attractiveinvestment destination thanks to “stable political and social conditions, highand steady economic growth, competitive productions costs, abundant labourresources and “golden” demographics, promising market, internationalintegration, open policies and competitive incentives, and strategic geographicposition.”

According to RECOF, fields that attract M&A deals in thecountry include fast moving consumer goods, retail, food processing, logisticsand infrastructure; and fintech.

"We are excited to host the GMAP Conference and provide aplatform for international investors to explore the untapped potential of Vietnam,"Sam Yoshida, CEO of RECOF Vietnam, said.

"Through this conference, we aim to foster strongerpartnerships and encourage a diverse range of investments from our esteemedGMAP M&A professionals, ultimately contributing to the growth anddevelopment of Vietnam's economy."

RECOF Vietnam, a subsidiary of Japan’s RECOF Group, has been inthe Vietnamese market for over 12 years.

It is a prominent M&A consulting company that specialises infacilitating cross-border transactions./.
VNA

See more

A vessel docks at Hai Phong Port ready to be loaded with containers. (Photo: VNA/VNS)

Vietnam's port firms thrive in 2024

According to the Vietnam Maritime Administration, the total cargo volume through the nation's port system reached approximately 864.4 million tonnes, up 14% year-on-year. Container throughput was estimated at 29.9 million TEUs, reflecting a 21% rise.

THACO Chairman Tran Ba Duong (Photo: VNA)

THACO targets sales of over 100,000 vehicles in 2025

In 2025, THACO will continue to expand the scale of investment in all six key production and business sectors including automotive, agriculture, mechanical engineering and supporting industries, investment - construction, trade – services, and logistics.

Nearly 1 million workers of more than 12,600 businesses with trade trade unions in Ho Chi Minh City have returned to work following the nine-day Lunar New Year (Tet) holiday. (Photo: VNA)

HCM City: Nearly 1 million workers back to work after Tet holiday

Nearly 1 million workers of more than 12,600 businesses with trade trade unions in Ho Chi Minh City have returned to work following the nine-day Lunar New Year (Tet) holiday, reaching 85.33% of their total workforce, according to the municipal Labour Federation.