Brian Spence There has been plenty of mergers and acquisitions (M&A) action in Việt Nam in recent months and, so far, momentum does not appear to be fading – notwithstanding its relatively small size in comparison with more developed markets. Việt Nam has recently become one of the favoured destinations for M&A for foreign investors, particularly those from Japan, Korea and Singapore. Key sectors of interest include real estate, food and beverages, retail, and to a lesser extent, manufacturing. M&A activity is not, however, confined to foreign investment. A report by the annual Việt Nam M&A Forum shows that 17.72 per cent of the total value of M&A deals in H1 2019 involved Vietnamese buyers. The corresponding figure of the previous year was 8.2 per cent. Such a rise shows Vietnamese investors are and would be “more active” acquirers, though foreign investors will continue to lead the market. Here are 10 ways in which a vendor … [Read more...] about 10 ways to get M&A deals across the line
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Mekong delta promotes Agritourism with farmer participation The travel industry in the Mekong delta has lately taken off with more holiday-makers, increased revenue and more farmer participation. Dong Thap province at the heart of the Mekong Delta is one of provinces with most farmer participating in agri-tourism. Nguyen Be Tu, owner of Tu ca Linh a 3-hectare agritourism farm in Tam Nong District said in these days, many holiday-makers phoned to experience flood season in Dong Thap Muoi when they can enjoy fishing linh fish and other species of animals. Before, Tu family just work on paddy fields and lotus field. After he was sent to visit agritourism farm models in other places, he decided to invest in 3 hectare lotus field into homestay tourism farm. Visitors can live in thatched houses next to lotus fields to breath fresh air and enjoy nature and landscape. Visitors can drain ditches for fish, pick up vegetables and live with kind inhabitants. Owner Tu engaged in agritourism for … [Read more...] about BUSINESS NEWS IN BRIEF 14/10
Vinatex completes 65% of yearly revenue target Viet Nam National Textile and Garment Group (Vinatex) has completed 65 per cent of the yearly target set for total revenues with its eight-month result (excluding VAT) reaching over VND31.45 trillion (US$1.34 billion). This figure also represented a rise of 7 per cent against the same period last year, the textile group reported in a filing to the Ministry of Planning and Investment. In August alone, it earned VND4.48 trillion in revenue, down 5 per cent year-on-year, of which turnover of the parent company and subsidiaries with its holdings of over 50 per cent capital reached almost VND1.74 trillion. Revenues from other affiliate companies in which the group holds less than 50 per cent capital reached a combined VND2.74 trillion. Vinatex attributed the growth in total revenues to increases in sales of fibre products (96,051 tonnes, up 9.5 per cent year-on-year), fabric of all kinds (100.7 million m3, up 18.6 per cent) … [Read more...] about BUSINESS NEWS IN BRIEF 1/9
Companies in Vietnam have experienced fierce competition over the last few years, both qualitative and quantitative. Many have been forced to close down while others are still in business but struggling to move forward. The question is how to make a brand not only sustainable but also grow in value in the context of fierce global competition and rapid digitalization. There are many approaches to answering this question. Here I note the three key driving forces for brands: digital transformation, globalization, and brand leadership. In my observation, these forces help grow a company’s brand value if implemented successfully. Customer-centric digital transformation Unlike in the past, customers now have many brand choices for a particular product in Vietnam. Let’s take bakery goods for example. Customers would have previously mentioned Kinh Do in the south or Hai Ha in the north, but today they may name a long list of bakery brands: Top Cake, Tous Les Jours, ABC, … [Read more...] about How best to maintain brand value?
VietNamNet Bridge – The National Authority of Tourism has chosen 2018 as a Tourism Year themed Ha Long – Quang Ninh with Ha Long Bay as a heritage, wonder of the world and a friendly destination. Le Huong of Viet Nam News talks to Pham Ngoc Thuy, director of Quang Ninh Tourism Department on the local tourism achievements and preparation for the tourism year. Quang Ninh Province possesses great potential in tourism, with stunning destinations like the world heritage site Ha Long Bay. VNA/VNS Photo Could you detail Quang Ninh’s achievements in tourism and some problems in the field? Last year, the local tourism sector gained encouraging results. The total number of tourist arrivals reached some 9.87 million, an 18 per cent increase from the previous year. Among them, foreign tourists numbered 4.28 million, a 23 per cent increase from the previous year. Total income from tourism was nearly VND17.9 trillion (US$784.2 million), a 30 per cent increase from the … [Read more...] about Quang Ninh to make tourism key economic sector: director