Digiworld, a top mobile phone distributor, has got involved in market expansion services and will compete with tough rivals like DKSH, MESA, or Phu Thai.
2017 is a less active year in the mergers and acquisitions (M&A) market than in 2016, but it also leaves a special hallmark on a series of large transactions involving the equitization of state owned enterprises.
The Division of Competition and Consumer Protection (under Ministry of Industry and Trade) has just announced its approval of Mobile World JSC (Mobile World)’s acquisition of Tran Anh Digital World JSC (Tran Anh) despite some concerns it would reduce the number of competitors in the retail market for IT products.
The Minister of Industry and Trade Tran Tuan Anh has requested the Market Surveillance Agency to coordinate with the Consumer Protection Division under the Vietnam Competition Authority to investigate, review and clarify the information on Khaisilk Corp (Khaisilk)’s silk scarf, which was labeled both "KHAISILK - Made in Vietnam" and “Made in China".
The acquisition of Techcombank's finance company allows Lotte Card to enter the booming consumer finance market in Vietnam.
Viet Nam's consumer credit boom has brought about huge profits but has also forced lenders to write off trillions dong of debt.
