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
![Card image cap](/uploads/news/bn-01.jpg)
VIETNAM INTENSIFIES E-COMMERCE TAX SCRUTINY
The department plans to offer guidance for and hold direct dialogues with e-commerce taxpayers to ensure compliance. Efforts will also include updating the e-commerce database, conducting risk analysis, and leveraging artificial intelligence (AI) to manage data and issue alerts.
![Card image cap](/uploads/news/Security.jpg)
2025 PIVOTAL FOR STOCK MARKET UPGRADE EFFORT
The Ministry of Finance (MoF) is expected to soon publish the entire content of the draft circular amending and supplementing four circulars on transactions, registration, depository, and clearing, as well as operations of securities companies and information disclosure. This move, along with feedback and explanations, aims to meet the criteria for upgrading Vietnam’s stock market.
![Card image cap](/uploads/news/eco2.jpg)
FOOTWEAR EXPORTS SEEN REACHING US$27 BILLION THIS YEAR
This optimistic forecast reflects the industry’s efforts to expand and diversify its markets. Lefaso indicated that Vietnam’s footwear sector will concentrate on traditional markets like the U.S. and the European Union, alongside markets with free trade agreements to maximize opportunities.
![Card image cap](/uploads/news/FDI.jpg)
FDI INFLOW INTO VIETNAM REACHES NEARLY 15.2 BILLION USD
Vietnam attracted nearly 15.2 billion USD in foreign direct investment (FDI) in the first six months of this year, a year-on-year increase of 13.1 per cent, according to the General Statistics Office.
![Card image cap](/uploads/news/Eco4.jpg)
GDP GROWTH REACHES 6.42 PC IN FIRST HALF
Vietnam's economy grew by 6.42 pc in the first six months of 2024, slightly lower than the figure of 6.58 pc in the same time of 2022 within the 2020-2024 period.
![Card image cap](/uploads/news/Eco3%20%281%29.jpg)
CAPITAL FLOWS STRONGLY INTO INDUSTRIAL REAL ESTATE
Industrial real estate has had easier access to bank credit since July, when the State Bank of Vietnam (SBV) reduced the credit risk coefficient for industrial real estate from 200 per cent to 160 per cent, encouraging commercial banks to lend to more projects in the segment.