Want to be in the loop?
subscribe to
our notification
Business News
VIETNAM ATTRACTIVE TO U.S., EUROPEAN INVESTORS AS ECONOMIC ALLURE GROWS
Vietnam is seeing an uptick in investments from the U.S. and Europe, driven by its robust economic growth, skilled labor and reputation as a preferred destination amid the changing investment landscape.
Ivan Alver, co-founder of Global M&A Partners (GMAP), highlighted this trend on the sidelines of the GMAP conference organized on November 13 by RECOF Vietnam, an international M&A consulting firm. GMAP is a global alliance of 30 M&A firms covering 50 countries and territories across the Americas, Europe, and Asia Pacific.
Investors from the United Kingdom, the U.S., and Europe are increasingly interested in Vietnam given its stable political environment, skilled workforce, and lower labor costs. Alver emphasized the appeal of Vietnam’s demographics, economic growth, and expanding middle-income consumer base.
Economic challenges in Europe, including inflation, are prompting investors to diversify their portfolios. Frederic De Boer, co-founder of GMAP, noted strong interest in Vietnam, particularly in its manufacturing sector.
European companies, previously operating in China, are exploring the relocation of their production bases to Vietnam. Factors such as an abundant labor pool, business-friendly conditions, and positive preliminary assessments are driving this shift, aligning with the broader global trend of supply chain diversification.
Recognizing the untapped potential, RECOF Vietnam is hosting the GMAP Conference to facilitate cross-border deals and showcase investment opportunities, with the aim of enhancing communication between RECOF and its global partners.
Masataka Yoshida, CEO of RECOF Vietnam, said he remains optimistic about the M&A landscape in Vietnam despite a global economic slowdown. He added that the GMAP Conference, acting as a bridge for M&A professionals and investors, aims to tap into Vietnam’s dynamic market, providing valuable insights into regulatory frameworks and emerging sectors.
According to FiinGroup statistics, Vietnam’s M&A market reached nearly US$2.7 billion in the first half of 2023, up by a significant 54% against the same period last year. However, foreign direct investment (FDI) approvals in Vietnam during the first 10 months of 2023 soared by 14.7% to over US$25.7 billion, underscoring the country’s economic resilience in the face of global challenges.
Source: The Saigon Times
Related News
VIETNAM EYES 8% GDP GROWTH IN 2025
The State Bank of Vietnam (SBV) has been tasked with closely monitoring global and regional economic developments and adjusting monetary policies to align with shifts in major economies. The directive emphasizes reducing lending rates, managing deposit rates at commercial banks, and ensuring credit flows remain uninterrupted in early 2025.
GOVERNMENT MEMBER FOR 2021-2026 TERM
The 2021-2026 government term was recently consolidated after the 8th session of the 15th National Assembly. It consists of 27 members, including the Prime Minister, five Deputy Prime Ministers, and 21 ministers and heads of ministerial-level agencies.
EXCLUSIVE OFFER FOR HKBAV MEMBERS
Minimum order: 1 box (10 gift boxes per box; 6 gift bags per box)Free shipping on orders over 2 million VND (nationwide delivery across Vietnam)Volume discounts available for large orders
TOTAL FDI REGISTERED IN VIETNAM HITS 31.4 BILLION USD IN JANUARY-NOVEMBER
As of November 30, 2024, the total newly registered capital, adjusted capital, and capital contributions or share purchases by foreign investors in Vietnam reached nearly 31.4 billion USD, up 1% increase compared to the same period last year.
QUANG TRI TARGETS 6,000 MW WIND POWER CAPACITY BOOST
The central province of Quang Tri is seeking the Government’s approval to expand its wind power capacity by an additional 1,500-2,000 MW for onshore projects and 2,600-4,000 MW for offshore projects, according to the Vietnam News Agency.
TECH GIANTS BET BIG ON VIETNAM'S FUTURE
As global tech giants like NVIDIA and Google mark their strategic expansion in Vietnam, the country is embracing a technological transformation that could reshape its economic landscape and innovation ecosystem.