Vietnamplus

Mergers and acquisitions (M&A) in the technology sector have been witnessing a rebound in recent years as tech giants have employed M&A to expand their ecosystems.

After seeing positive results in the first half of 2022, mergers and acquisition (M&A) activities in Vietnam are forecast to slow down in the second half as investors become more conservative about several macro trends impacting the country’s economy, according to an analysis of M&A data by Ernst & Young (EY).

Vietnam has rolled out the red carpet for foreign investors, including those from ASEAN member states, to land investment in the field of advanced medical equipment, said Counselor Nguyen Manh Hung at the Vietnamese Embassy in Germany.

Challenges related to network security, customer trust and an inadequate legal framework are road blocks to the digital transformation of Vietnamese banks, experts told a recent conference in HCM City.

Start-ups in Vietnam have invested around 129 million USD in the field of fintech, according to Varun Mittal, Ernst & Young (EY) ASEAN fintech leader.

In light of recent widely reported cases of banking fraud related to automatic teller machine (ATM) transactions, the State Bank of Vietnam (SBV) has advised the public to remain calm and adhere to banks’ regulations, while urging the banks to plug security holes.

In a recent article, New York-based media firm Bloomberg has cited IMF outlook that Southeast Asia, including Vietnam, is taking over as the region’s growth leader.