Japanese companies look for expansion in Vietnam
Japanese firms are eyeing mergers & acquisitions across Vietnam. Deals with Vietnamese firms rose 80%, placing the country fifth in Asia, above Malaysia (17th) and Thailand (12th), Vietnamnet reports.
"Japan's decreasing domestic demand based on population decline is not a short-term phenomenon, as so many companies are eager to expand to areas where population and economic growth can be expected," says Onji Yoshimitsu, CEO of Japan's RECOF Corporation. And this is why Japanese companies have been highly interested in doing Mergers & Aquisition deals in Asia, particularly Vietnam, looking at the country as both a growth market and production base.
Of the 12 countries considered possible investment destinations through M&A - Brasil, Russia, India, China, Vietnam, Indonesia, South Africa, Argentina, Malaysia, Thailand and Singapore - Vietnam ranking third with more than 30%, behind only China over 60% and India over 40%.
The top deals in terms of value were the investments of US $544 million by Mizuho Corporate Bank in Vietcombank, $338 million by Sumitomo Mitsui Banking Corp in the Vietnam Export Bank, and $125 million in Interflour Vietnam, a food company.
To comment, login here
Or register to be able to comment.