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Update news hostile takeover
Vietnamese enterprises, hit hard by Covid-19, may be the ‘aiming points’ of foreign ‘sharks’ attempting to swallow up enterprises at low costs.
Instead of following procedures to become nvestors, foreign enterprises are preferring to ‘take a shortcut’ by taking over Vietnamese businesses, which allows them to penetrate the market more quickly.
VietNamNet Bridge - More corporations are buying shares in enterprises in the same business fields in an effort to become the dominant players in the market.
Vietnamese businesses, which are thirsty for capital, want to call for foreign capital to improve the business situation. However, they fear that they may become the aiming points of the foreign companies’ hostile takeover plans.