Korean conglomerate SK Group said it will make a strategic investment in VinCommerce, Vietnam’s largest retailer, to tap into the fast-growing e-commerce segment in the Southeast Asian market, reported Yonhap News Agency.
M&A set for a bustling second half
M&A deal-making will probably increase at a steady pace in the second half of 2020, led by the upcoming mega deal of Vietnam’s leading brewer Sabeco.
Local businesses in foreign bid risk
While the ongoing pandemic is taking a severe human and economic toll worldwide, deal-making activity in Vietnam is likely to maintain momentum as corporate leaders are being asked to make strategic decisions for hunting capital.
Cash-strapped local businesses hunting for foreign M&A deals
The coronavirus crisis is expected to create mergers and acquisitions opportunities for foreign dealmakers in the coming months as cash-starved Vietnamese companies seek funding to overcome their difficulties.
S.Korea’s SK Group sets up US$860-million investment fund in Vietnam
Both SK Group and South Korea’s National Pension Service (NPS) would contribute US$430 million to the fund.
What's behind Masan-Vingroup merger?
Vingroup is now able to focus on its core businesses while Masan found its last piece of a puzzle to build an empire of consumer retail.
Korean firms pour millions into Vietnam
KorCham, the association of South Korean enterprises in Vietnam, estimates that about three South Korean businesses are inaugurated each day in Vietnam.
SK Group announces $30 mln investment for Vietnam’s innovation centre
SK Group, the third largest conglomerate in the Republic of Korea, on June 9 announced its plan to fund 30 million USD for Vietnam’s National Innovation Centre (NIC).