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||14 January 2010
Vietnam: M&A defies global downturn
Vietnam still witnessed an increase in overall merger & acquisition (M&A) values and volumes last year despite the global financial downturn, VNBusinessNews.com quoted PricewaterhouseCoopers (Vietnam) as saying Tuesday.
The company, which provides industry-focused assurance, tax and advisory services, said Vietnam experienced a slow start but a strong finish to the year due to high growth in the fourth quarter, giving grounds for optimism for 2010.
According to Thomson Reuters and PricewaterhouseCoopers’ research, the total 2009 M&A deal value reached nearly $1.14 billion, an increase of 2 percent year-on-year, with the inbound M&A activity accounting for more than a half.
The total number of deals rose from 167 to 295, or a 77 percent rise year-on-year, with a significant increase in domestic M&A deals reaching 200 from 86 ones in 2008.
Every six months, PricewaterhouseCoopers issues a detailed review of M&A activity in Vietnam. The review considers the wider environment affecting the making of deals in the country, summarises details of the larger and more notable individual deals that have taken place and provides an outlook for the forthcoming months.
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