Professor Nguyen Mai, chairman of the Vietnam Association for Foreign-invested Enterprises Mergers and acquisitions (M&A) have become an important method for attracting foreign direct investment (FDI). A new project often takes time for surveying, selecting sectors and professions, making pre-feasibility studies, and conducting many types of procedures before being officially implemented. Conversely, an M&A-based project often takes less time and costs, because the foreign partner only needs to collect sufficient information about the domestic partner, then meet and negotiate via consultants and brokers before reaching final decisions. After that the foreign partner can officially purchase the stake in the business and if the stake is large enough, they can partake in managing the firm. From 1988 to 2010, M&A was conducted among Vietnamese companies, because the scale of their business was not big enough for international investors, who were mostly transnational … [Read more...] about Harnessing a new stage of investment
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Incentive policies required for development of innovative urban areas
In his view, neighboring nations are strongly blooming thanks to their effective mechanism – policy system and their focus on science and technology with a good relationship among the government – businesses – scientists. Mr. Quoc defined an innovative urban area as a place where there are many famous multi-national corporations with trading breakthroughs, or there exist many discoveries from universities and scientific research organizations, or there are even a number of startup businesses with innovative ideas. New York, London, and Paris have been called innovative cities for hundreds of years, he said. Recently, many smaller cities in Europe and America have also become experts in high technology such as Austin City of the USA, the ‘Silicon Hills’ with giant hi-tech corporations like Dell, IBM, Amazon and Facebook; Stockholm City of Sweden, the ‘Unicorn Factory’ of the whole Europe with billion-USD-worth companies like Spotify, King Game; … [Read more...] about Incentive policies required for development of innovative urban areas