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Digital transformation and the future of Vietnamese enterprises

Digital transformation and the future of Vietnamese enterprises
Chia sẻ |
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24/07/2021

09:01
GMT+7
Digital transformation has a failure rate of 70% but without digital transformation, failure is 100%.
Performing digital transformation has probably been the most difficult decision for Mr. Nguyen Doan Thang, 77, and CEO of Rang Dong, a large joint stock company. Thang said if Rang Dong maintains the old model, its annual growth rate will be about 5-10% per year. Only with digital transformation can the company obtain a two-digit growth rate. In fact, Rang Dong has recorded a high growth rate thanks to digital transformation, with over 40% in the first quarter of 2021. ....

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Long-term development commitments realised through strategic M&A moves

Long-term development commitments realised through strategic M&A moves
10:35 | 18/01/2021
Long-term development commitments realised through strategic M&A moves
The Vietnamese merger and acquisition (M&A) market has suffered a plunge since the beginning of 2020 as investors took a more cautious tack while restrictions and quarantine measures hindered the evaluation and decision-making of M&A deals.
Such transactions in Vietnam were estimated at $3.5 billion during 2020, accounting for 48.6 per cent compared to the previous year, but it is believed the market will recover this year when its size may return to previous levels of around $5 billion.
Beside other traditionally big investors to Vietnam including those from Singapore, Japan, and South Korea, Thai corporates have showcased great confidence in Vietnam in the midst of the global health crisis. ....

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Thai conglomerate acquires Vietnam's Bien Hoa Packaging | Tuoi Tre News

Tuesday, December 15, 2020, 15:14 GMT+7
This undated supplied photo is pictured inside a factory of Bien Hoa Packaging in Vietnam.
TCG Solutions Pte, a subsidiary of Thailand s conglomerate Siam Cement Group (SCG), has announced its plan to purchase over 12 million shares, or a 94.11 percent stake, of Bien Hoa Packaging (Sovi).
The transaction is set to take place from December 16 to 31.
Given the current market price of VND81,500 (US$3.5) per Sovi share, TCG is expected to spend more than VND978 billion (US$42.23 million) on the deal.
Earlier, Sovi paved the way for the acqusition by raising its foreign ownership limit to 100 percent in July. ....

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