World Economy

Vietnam M&As to Hit $6b

Vietnam M&As to Hit $6bVietnam M&As to Hit $6b

Foreign retailers are flooding into Vietnam as consumer spending is set to grow 47% in the next four years, VNA reported. The number of announced mergers and acquisitions over the past five years is valued at $18 billion, according to the Ministry of Investment and Planning. M&A deals in 2015 increased 40% from 2014 with total value of $4.3 billion, according to data released by the Institute of Mergers, Acquisitions and Alliances. Vietnamese mergers and acquisitions, after having reached the value of $3.2 billion in the first seven months of this year, are expected to hit $6 billion for the whole year, beating last year’s record.