Representatives of RECOF Vietnam and Global M&A Partners at the press conference before Global M&A Partners Conference held in HCM City on November 13. (Photo Courtesy of RECOF Vietnam)The event, organsied by M&A consulting company RECOF Vietnam,was a forum meant to showcase opportunities and facilitate investment in Vietnam.
It featured presentations, discussions and networking sessions forparticipants to gain insights into the country’s investment landscape,regulatory frameworks and emerging sectors.
Investors had the opportunity to engage in discussions withindustry experts, government officials and prominent business leaders.
Ivan Alver, Co-chairman of Global M&A Partners, said Vietnamis a fast growing market in which investors from around the world want toexpand market share.
He attributed the interest to the country’s “Stable politicalsystem together with a large labour force.”
The country also has a significant population size,impressive economic growth and a burgeoning middle-class consumer base.
Over the years, the country has attracted investments from variousAsian countries like Japan, Korea, Singapore, Thailand and China, but there hasbeen a noticeable absence of investments from Europe and North/South America.
The country’s inflation has passed its peak and is showing clearsigns of decline.
Domestic demand remains substantial with revenues from retailgoods and services rising by 9.4% year-on-year in thefirst 10 months of 2023.
Interest rates have reduced, exchange rates have stabilised andforeign reserves have risen.
Speaking at the conference, Tran Thi Hai Yen, Director of theInvestment Promotion Centre’s southern office, said Vietnam is an attractiveinvestment destination thanks to “stable political and social conditions, highand steady economic growth, competitive productions costs, abundant labourresources and “golden” demographics, promising market, internationalintegration, open policies and competitive incentives, and strategic geographicposition.”
According to RECOF, fields that attract M&A deals in thecountry include fast moving consumer goods, retail, food processing, logisticsand infrastructure; and fintech.
"We are excited to host the GMAP Conference and provide aplatform for international investors to explore the untapped potential of Vietnam,"Sam Yoshida, CEO of RECOF Vietnam, said.
"Through this conference, we aim to foster strongerpartnerships and encourage a diverse range of investments from our esteemedGMAP M&A professionals, ultimately contributing to the growth anddevelopment of Vietnam's economy."
RECOF Vietnam, a subsidiary of Japan’s RECOF Group, has been inthe Vietnamese market for over 12 years.
It is a prominent M&A consulting company that specialises infacilitating cross-border transactions./.
VNA
