[Feb 4 - 10, 2019] Vietnam Weekly Industrial & Logistics Highlight
Becamex IDC plans to double its charter capital up to 20,000 billion VND
On February 19, Becamex IDC will collect shareholders’ opinions to approve the plan to increase the charter capital from over 10,125 million VND to 20,000 million VND, corresponding to a 97.5% increase compared to the initial charter capital.
M&A offers big gains for foreign investors in Vietnam’s market
Merger and acquisition (M&A) deals have helped many foreign investors enter the Vietnamese market rapidly to cash in on the potential outlet. Experts believe Vietnam’s process of economic integration and restructuring has accelerated SOE equitization as well as the development of private sector and foreign investment, which will open up more M&A opportunities in Vietnam in the time ahead.
Hanoi focuses on large-scale firms in FDI attraction strategy
Hanoi, the leading locality nationwide in FDI attraction in 2018, will focus on luring large-scale firms in the future, a move expected to also open up opportunities for small firms to invest in the city. The contributions of the FDI sector to the development of the city include the transfer of advanced technology in sectors such as telecommunications, electronics and industry.
Legal factors of M&A game in Vietnam
The amount of mergers and acquisitions (M&A) and investment activities in a market indicate many trends, in particular, reflecting confidence in the market. M&A activities in 2018 did not outpace 2017, which had two high-profile public company deals in the beverage sector.
Retailers on full-out offensive in e-commerce
Online purchasing has become the trend and enterprises who do not invest enough to ride the waves will be left behind. FPT Retail's statistics show that its website received more than 360 million visitors, an increase of 41.6 per cent compared to 2017, including 1.78 million direct interactions.
Apple to build $1bn data center in Vietnam: report
On the side-lines of the World Economic Forum Davos 2019 (WEF Davos 2019) in Switzerland, Prime Minister Nguyen Xuan Phuc met Tim Cook, Apple CEO, to congratulate on Apple’s success in Vietnam and encourage its plan to build a data centre in Vietnam.
Manpower demand in Vietnam set to rise as companies shift away from China
Recruitment demand, especially senior positions in consumer electronics and real estate, is expected to increase in Vietnam following the relocation and rising foreign direct investment (FDI), said Navigos Group, which operates two of the biggest job portals VietnamWorks and Navigos Search in Vietnam.
Trump Says He Will Meet Kim in Hanoi for Their Second Summit
President Donald Trump said he will hold his second summit with North Korean leader Kim Jong Un in the Vietnamese capital of Hanoi later this month. His tweet announcing the meeting was followed by another predicting that North Korea would become “a great economic powerhouse” thanks to Kim’s leadership.
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