AROUND ASIA: VIETNAM
Date: 11 Jan 2016 Source: Bangkok Post-ASIA FOCUS
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Foreign businesses are set to capitalise on Vietnam's privatisation drive and buy into assets such as Vinamilk and Mobifone to gain exposure to its fast-growing economy, boosting M&A deals that hit a record US$4 billion in 2015. Investors are encouraged by a turnaround for Vietnam's $186-billion economy last year, which as recently as 2011 was fighting inflation of 20% and a banking sector saddled with bad debt. "With strong momentum in the Vietnamese economy and Vietnamese companies continuing to grow in scale, the opportunity for foreign companies to engage in sizeable transactions and partnerships has become increasingly attractive," said Rehan Anwer, head of frontier markets at Credit Suisse.