LU PHI NGA - NGUYEN QUOC HUY (Lac Hong University)
Võ Tấn Phong (Đại học Lạc Hồng, Đồng Nai)
TRAN MAI DONG (University of Economics Ho Chi Minh City)
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Nearly 102,300 new enterprises were established in nine months of this year, a new record so far, with a total registered capital of over 1.29 trillion VND (56.08 million USD), reported the General Statistics Office.
The merger and acquisition (M&A) scene in Vietnam has become increasingly active with more domestic firms setting up ties with global partners so their brands can reach global customers and develop domestically.
Politburo member and permanent member of the Party Central Committee's Secretariat Tran Quoc Vuong has asked for more efforts to make made-in-Vietnam products dominate the domestic market and gain a firm foothold overseas.
Vietnam has become a favoured destination for merger and acquisition (M&A) deals for foreign investors, particularly those from the Republic of Korea (RoK), China's Hong Kong, Singapore and Japan as the Asian multinationals see the benefits of having presence in one of the region's fastest-growing economies.