The second ASEAN Competition Conference (ACC) to be held in Vietnam this week will discuss experience and regulations in merger and acquisition (M&A) activity in the region.
“The 2nd ASEAN Competition Conference on Merger and Acquisition – impacts on ASEAN” is hosted by Vietnam Competition Authority on September 13-14 at the Caravelle hotel in HCMC. The first conference was held in Indonesia in 2011.
Bach Van Mung, director general of the authority, said the conference would mainly discuss legal issues, and international experiences in both management and implementation of M&A, to avoid aggressive and illegal acquisitions.
The conference is among various initiatives to foster competition in ASEAN. Therefore, it is designed as an open forum where representatives from both public and private sectors will bring up their concerns about M&A and its surrounding issues.
At the same time, participants from ASEAN member states will also briefly present regulations on M&A in their own jurisdictions, case studies and the challenges they are facing.
In addition to the public sector, this conference invites attendance from the private sector, including investment funds, multinational corporations, consulting law firms not only from ASEAN but also from developed counterpart countries.
According to a statement of the organizer, the total value of cross-border M&A deals in ASEAN in the first half of this year amounted to US$26.2 billion, higher than the US$23.2 billion recorded in all of 2011.
The Saigon Times Daily