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Though mentioned in the Enterprise Law in 1999, M&A became more popular in Vietnam only two years ago. M&A activities occurred in almost all fields, particularly in the financial-banking sector. Director of the Foreign Investment Department Phan Huu Thang forecasts the M&A trend would further expand as enterprises are inclined to making alliance for co-existence and development amidst the high competition as a result of international integration
Vietnam ranks fifth in a list of Asia’s best investment destinations for foreign firms, according to a survey conducted by financial advisory firm Ernst & Young and the Japan External Trade Organization.
In May, Vietnam formally presented to the United States a request to be designated as a beneficiary developing country under the U.S. Generalized System of Preferences program. The request is currently being reviewed in the Office of the U.S. Trade Representative, which chairs the GSP Subcommittee.
The government leader made the call during online dialogues from his office in Hanoi on June 10 with leaders of Binh Thuan province, Central Highlands Kon Tum province, Bac Lieu province and Can Tho city in the Mekong delta, and the southern-tip Ca Mau province.
“The current economic difficulties are just temporary. Only speculators are leaving Vietnam at this moment, while investors are staying here to continue their business,” said Deputy Prime Minister Hoang Trung Hai at 'Doing Business in Vietnam' held in Hanoi on June 5.
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