Local companies will have a strong hold on the mergers and acquisitions market this year as they continue to step up acquisitions, experts say. Hung Vuong Corp., a seafood processor in the Mekong Delta province of Tien Giang, recently announced a public offer to purchase 3.75 million shares of An Giang Fisheries Export Import JSC, or Agifish. The deal, expected to be completed by March 20, will increase... 

Experts at the Standard Chartered Bank expect the Vietnamese dong to depreciate further in the months ahead, trading at 20,600 by the end of the year, as the trade deficit remains vulnerable despite inflationary pressures. The State Bank of Vietnam (SBV) has kept its policy rate steady since the turn of the year but opted to devalue the dong by 3.4 percent against the US dollar on February 10, following... 

Bilateral trade between Vietnam and Singapore has increased by fivefold to more than SGD50 billion since the two countries signed a framework agreement to connect their economies in 2005. The figures were revealed at a conference held in the Central Highland resort of Da Lat on March 13 to review five years of implementing the Framework Agreement on Vietnam-Singapore Connectivity. The meeting was... 

The US Department of Commerce (DoC) has announced preliminary results from the fourth administrative review on Vietnamese warmwater shrimp imported to the country from February 1, 2008 through January 31, 2010, says the Vietnam Association of Seafood Exporters and Producers (VASEP). According to DoC, 29 Vietnamese businesses shrimp exporters enjoyed duty at 2.89 percent, says VASEP, adding that the... 

2010 is expected to bode well for Vietnam’s exports as the world economy is showing signs of recovery. However, businesses will have to face trade barriers, especially anti-dumping suits, set up by importing countries. Vietnam’s exports to major markets have not bounced back yet as the world economy is just beginning to recover. Many people think when the global crisis brought Vietnam’s exports... 

International hotel operator Accor announced on Wednesday it would double the number of rooms under its management in Vietnam by 2012. The operator has 13 hotels and 2,147 rooms in operation throughout Vietnam and the group has committed to more than 2,000 additional rooms via additional developments planned for the next two years. In late 2010, the operator anticipates the opening of the first Pullman...