Bright prospects for Vietnam-RoK M&A deals
|
Kim Jaehong said over the past 25 years, Vietnam and the RoK had promoted economic cooperation in a wide range of fields and achieved positive results. Bilateral trade in the first three quarters of 2017 reached US$47.2 billion and is expected to exceed US$50 billion by the end of the year, more than double the value in 1992 when the two countries established diplomatic relations.
Currently, Vietnam takes the lead among ASEAN countries in attracting foreign direct investment (FDI) from the RoK. Korean businesses in Vietnam have generated jobs for about 700,000 Vietnamese workers. Korean FDI in Vietnam has reached US$55.8 billion, with Samsung being the major investor.
Regarding the potential of bilateral cooperation, Kim Jaehong said he expects the two countries will expand their cooperation through M&A deals in support industries, services and education.
According to Michael DC Choi, Deputy Director of the Korea M&A Center under KOTRA, Korean investors are negotiating M&A deals with 12 Vietnamese companies in the fields of food processing, pharmaceuticals and financial technology (fintech), and these negotiations are expected to be completed within six months.
This year, many M&A deals between Vietnam and the RoK have been announced, including the acquisition of banks and securities companies.
Dang Xuan Minh explained the increase in such deals as a result of recent easing of restrictions on foreign ownership, opening more opportunities for foreign investors to join M&A deals in a wide range of fields. Most Korean companies are interested in M&A in the fields of consumer goods and retail, while some are attracted by real estate. In the financial sector, microfinance and commercial banks are most attractive to them.
Dang Xuan Minh, co-founder and managing director of the Vietnam M&A Forum, said more than 500 M&A transactions with total value of US$5.8 billion were conducted in Vietnam last year, accounting for about five percent of the total number of M&A deals in Southeast Asia. The RoK ranked fourth among countries closing M&A deals with Vietnam.
According to KOTRA Hanoi, a growing number of Korean funds and businesses want to invest in small and medium enterprises via capital contributions and M&As. From 2000-2016, overseas investments by Korean businesses tripled. |
See also

Lao mission in Geneva joins Vietnamese counterparts on Lunar New Year festival
07:04 | 30/01/2023 Vietnam and ASEAN

Hong Kong pioneers a sustainable future for an 'Asian century'
06:01 | 23/01/2023 Cooperation

How can green trade with EU benefit Vietnam?
06:00 | 12/01/2023 Foreign trade

Strong partnership and cooperation moving forward
06:00 | 11/01/2023 Vietnam and EU

Rosy prospects for Vietnam-Argentina trade
06:00 | 04/01/2023 Vietnam and other regions

Expanded trade opportunities with US
06:00 | 31/12/2022 Vietnam and other regions
See more news

Efforts underway to boost trade with UK
06:00 | 29/12/2022 Vietnam and other regions

Potential remains for Vietnam’s exports to EU
10:49 | 28/12/2022 Vietnam and EU

FTAs boost Vietnam-Latin America trade
06:00 | 27/12/2022 Vietnam and other regions

Key milestones in Vietnam-Indonesia strategic partnership
13:09 | 24/12/2022 Infographic

EVFTA: Opportunities and challenges
06:00 | 19/12/2022 Vietnam and EU

Saskatchewan enhances cooperation with Vietnam
16:14 | 16/12/2022 Vietnam and other regions

Key timelines of ASEAN-EU diplomatic ties
13:00 | 14/12/2022 Vietnam and EU

Vietnam, Philippines boost economic cooperation
06:00 | 14/12/2022 Vietnam and other regions

Business awareness of EVFTA advantages grows
06:00 | 05/12/2022 Vietnam and EU

Vietnam, Cambodia create new impetus for relations
13:00 | 24/11/2022 Vietnam and other regions

Lao mission in Geneva joins Vietnamese counterparts on Lunar New Year festival
07:04 | 30/01/2023 Vietnam and ASEAN

Intertwined opportunities, challenges for Vietnam’s economy in 2023
07:00 | 30/01/2023 Economy

Tourism is back, big time
06:00 | 30/01/2023 Tourism

Việt Nam supports expansion of UN Security Council
06:00 | 30/01/2023 Policy

Trang A Chu’s unique homestay
06:00 | 29/01/2023 Entertainment
Multimedia

Norwegian Ambassador experiences Vietnamese Tet traditions
06:00 | 28/01/2023 Lifestyle

Fireworks soar across Vietnam ringing in Year of the Cat
13:07 | 22/01/2023 Photo

The cat in Vietnamese culture
13:00 | 22/01/2023 Lifestyle

Sa Dec Flower Village, an attractive destination in Tet
16:11 | 11/01/2023 Tourism

Da Nang tops Vietnam's tourism competitiveness rankings
15:37 | 11/01/2023 Longform

Việt Nam supports expansion of UN Security Council
06:00 | 30/01/2023 Policy

Prime Minister assigns tasks to Deputy Prime Ministers
07:00 | 17/01/2023 Policy

Taking advantage of growth opportunities: Party leader
09:18 | 04/01/2023 Policy

Financial mobilization for development of circular economy
17:02 | 03/01/2023 Policy

Binh Lieu mountain region powers up
06:00 | 28/01/2023 Province

Steel industry to gradually recover in 2023
15:48 | 27/01/2023 Industry

Quang Ninh ships first tonne of coal on first day of Lunar New Year
18:16 | 23/01/2023 Energy

Support industries vital for global integration
06:00 | 18/01/2023 Support industries

Viet Nam calls for more investment in green growth
16:52 | 22/01/2023 FDI

Hanoi attracts nearly US$1.7 billion in FDI in 2022
17:43 | 03/01/2023 Metropolis

FDI disbursement exceeds US$20 billion
06:00 | 01/01/2023 FDI

Screening proposed for improved foreign investment
06:00 | 21/12/2022 FDI

Positive 2023 securities market forecasts
06:00 | 20/01/2023 Stock Market

Banking sector stable, but challenges abound
06:00 | 16/01/2023 Finance-Banking

PM directive to ensure payment demands during Tet
17:55 | 03/01/2023 Finance-Banking

Green finance puts down roots in Vietnam
06:00 | 26/12/2022 Finance-Banking

Vietnam looks ahead to 2023 climate summit
06:00 | 25/12/2022 Environment

Preserving nature, facilitating business
06:00 | 10/12/2022 Environment

AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather
11:40 | 24/11/2022 Environment

JTI Vietnam commits to net zero greenhouse gas emissions
16:25 | 15/11/2022 Environment

Welcoming the year of digital data for Vietnam
16:57 | 22/01/2023 Digitalization

Vietnamese animation studio won legal case on copyright infridgement in Russia
11:14 | 11/01/2023 Startups

Top 10 ICT developments in 2022
06:00 | 11/01/2023 Information technology

First retrofitted Emirates A380 enters service
17:41 | 10/01/2023 Science - Technology

Prime Minister launches New Year tree planting festival
15:36 | 27/01/2023 Society

Party General Secretary extends greetings for Year of the Cat
12:19 | 22/01/2023 Metropolis

Strong recovery of capital's economy
06:00 | 17/01/2023 Metropolis

Animated morning at Nghi Thuy fishing port, Cua Lo Town
10:48 | 16/01/2023 Photo

Nestlé Vietnam and the journey to sustainable development
13:00 | 10/01/2023 Companies

VIMC embarks on strong recovery
06:00 | 10/01/2023 Companies

MM Mega Market launches a new modern Giá tốt business model
16:18 | 30/12/2022 Vietnamese Brands

PVCFC develops experts’ system
08:00 | 25/12/2022 Vietnamese Brands

Norwegian Ambassador experiences Vietnamese Tet traditions
06:00 | 28/01/2023 Lifestyle

Chau Ma brocade lives on
06:00 | 27/01/2023 Lifestyle

Bathing in coriander-filled water
13:00 | 25/01/2023 Culture

Gongs keep ringing in Central Highlands
06:00 | 25/01/2023 Lifestyle

Tourism is back, big time
06:00 | 30/01/2023 Tourism

Trang A Chu’s unique homestay
06:00 | 29/01/2023 Entertainment

Miss Tourism World contest promotes Vietnam
06:00 | 26/01/2023 Tourism

Sa Dec Flower Village, an attractive destination in Tet
16:11 | 11/01/2023 Tourism