Vietnamese firms no longer mere targets in M&A deals: experts

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The E-mart megamarket in Go Vap District, HCMC. Vietnamese automaker THACO concludes negotiations to acquire a 100 percent stake in E-mart Vietnam Co in May 2021. Photo courtesy of E-mart Vietnam Co

 

Vietnamese companies are increasingly assertive in M&A deals, seeking to partner with foreign companies rather than becoming mere targets for acquisition.

 

"There was a time when we were worried that foreign companies might devour domestic ones, and we even considered drafting policies to prevent this," Phan Duc Hieu, standing member of the National Assembly’s Economic Committee, said.

 

"But that is no longer a concern," he told a recent forum.

 

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