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Spire and YCG hold seminar on partnering Vietnamese firms


On 15 March, Spire and Yamada Consulting Group (YCG) jointly organized a breakfast seminar in Singapore for Japanese speakers, to share insights on Mergers & Acquisition (M&A) deals in Vietnam and investment trends for market entry. An English language seminar on the same theme was held the next day. The speakers were Leon Perera, Chief Executive Officer of Spire Research and Consulting, Eiji Asano, incoming Director for YCG Vietnam and Hafidz Omar, Senior Manager at Spire Research and Consulting.

The speakers discussed the impact of growing Foreign Direct Investment (FDI) as well as the keen interest in Mergers & Acquisitions (M&A) in Vietnam.

Vietnam’s economy racked up a USD15 billion positive trade balance from 2015 with manufacturing, metals and textiles as the top export industries. Most of Vietnam’s FDI came from Asian countries like the Republic of Korea, China and Singapore.

The speakers discussed pull factors for investors, like competitive labour costs, improving infrastructure and the government’s growing reputation for good macro-economic policy. However, obstacles such as an inadequate legal system, language barriers, complicated tax procedures and limited sources of raw materials remain as impediments.

Nonetheless, 69.5% of Japanese enterprises globally were keen on investing in Vietnam.

The quantity and quality of Vietnamese companies that can be partners to international investors is growing. Larger Vietnamese firms have invested in over 63 countries abroad, with Laos as the largest destination.

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