HANOI, 16th November, 2023 (WAM) -- An influx of new capital from European and US firms into Vietnam has become noticeable, with the local mergers and acquisitions (M&A) market expected to maintain its attractiveness despite its relatively modest scale.
According to the Vietnam News Agency (VNA), the assessment was heard at the first Global M&A Partners (GMAP) conference held in Vietnam earlier this week.
Global M&A Partners is a partnership of independent corporate finance advisory firms operating in 50 countries and regions across the Americas, Europe, and the Asia-Pacific.
Ivan Alver, Co-chairman of GMAP, said he believes that Vietnam's strengths lie in its stable political environment, abundant and skilled labour force, and competitive labour costs. As a result, multinationals are choosing the Southeast Asian country as a destination to implement their supply chain diversification strategies.
In addition to the prospect of becoming a manufacturing hub in the region, Vietnam also promises to be a consumer market with an increasing middle-class population. European and American investors will have to invest more to penetrate this market, said Alver.