Official: 30 per cent-50 per cent of Vietnam Cos Will Be Merged
Between 30 per cent and 50 per cent of Vietnamese companies will likely be merged or acquired in the next five-ten years, a senior official of the Ministry of Industry and Trade said.
Deputy Minister of Industry and Trade Nguyen Bich Dat told a seminar on M&A activities recently that last year Vietnam reported 40 M&A deals worth US$350 million due to the economic slowdown, lower than 90 deals valued at US$1.7 billion in 2007.
The number of M&A deals has been rising recently, officials of legal companies noted.
Vietnam still lacks a legal framework for this field, Dominic Scriven, CEO of Dragon Capital said.
Notably, Quantas bought an additional 18 per cent stake to raise its holding in Jetstar Pacific to 49 per cent, and Sovico paid US$16 million to own Furama hotel. (MOIT)
Vietnamese
