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City to hold mergers, acquisitions seminar
The gioi & Viet Nam newspaper and two Government agencies will organise an international seminar on mergers and acquisitions in HCM City on July 13-14.
On its agenda would be several vital issues like the legality of M & A, international experience in the M & A field, and market prospects for M & A, organisers said.
"This will be another opportunity to assert Viet Nam as a market economy and continue to fully integrate into the world economy," Vu Son Thuy, the newspaper’s editor-in-chief, told the media.
Attending the seminar will be public officials, businesses and international organisations as well as executives from investment funds, transnational groups, law agencies and consulting companies from several countries.
Discussions will focus on M & A in four main areas – distribution, finance, property, and information technology and telecommunication.
Though still new to Viet Nam – just 112 mergers worth US$1.8 billion took place in 2007, with the biggest deal valued at $248 million — M & A has big potential for development in the country.
Pricewaterhouse Coopers has said Asian financial institutions, especially large funds and banks, are planning to tap into the best ever opportunities brought about by the current financial crisis to dominate the M & A scope in Asia.
Business communities in countries like China, Japan, South Korea, Malaysia, the Philippines, Australia and Viet Nam anticipate M & A operations to thrive in the next couple of years.
Viet Nam and Indonesia would emerge as the two most favoured venues for M & A hunters in Asia, said Sam Koh-Weng, an executive of Pricewaterhouse Coopers in Singapore.
The seminar’s Government backers are the Ministry of Planning and Investment’ Foreign Investment Agency and the Ministry of Foreign Affairs’ Competition Management Department.
vietnamnews
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