{"id":6404,"date":"2020-11-09T09:31:40","date_gmt":"2020-11-09T02:31:40","guid":{"rendered":"https:\/\/fts.com.vn\/?p=6404"},"modified":"2025-11-12T11:17:44","modified_gmt":"2025-11-12T04:17:44","slug":"chuyen-gia-kinh-te-noi-gi-ve-co-hoi-ma-tai-viet-nam-hau-covid-19","status":"publish","type":"article","link":"https:\/\/fts.com.vn\/en\/article\/chuyen-gia-kinh-te-noi-gi-ve-co-hoi-ma-tai-viet-nam-hau-covid-19\/","title":{"rendered":"Chuy\u00ean gia kinh t\u1ebf n\u00f3i g\u00ec v\u1ec1 c\u01a1 h\u1ed9i M&A t\u1ea1i Vi\u1ec7t Nam h\u1eadu Covid-19?"},"content":{"rendered":"

Theo \u00f4ng Trent Davies – qu\u1ea3n l\u00fd c\u1ea5p cao c\u1ee7a C\u00f4ng ty T\u01b0 v\u1ea5n Dezan Shira & Associates, th\u1eddi gian v\u1eeba qua, ho\u1ea1t \u0111\u1ed9ng mua b\u00e1n, s\u00e1p nh\u1eadp (M&A) t\u1ea1i Vi\u1ec7t Nam \u0111\u00e3 ph\u00e1t tri\u1ec3n m\u1ea1nh m\u1ebd c\u1ea3 v\u1ec1 s\u1ed1 l\u01b0\u1ee3ng v\u00e0 gi\u00e1 tr\u1ecb th\u01b0\u01a1ng v\u1ee5.<\/strong><\/p>\n

\n
\n
\n
\n
\n
\n
\n

Th\u1ed1ng k\u00ea n\u0103m 2018, Vi\u1ec7t Nam c\u00f3 h\u01a1n 266 th\u01b0\u01a1ng v\u1ee5 M&A v\u1edbi gi\u00e1 tr\u1ecb l\u00ean \u0111\u1ebfn 7,5 t\u1ef7 USD. \u0110\u1ea7u t\u01b0 t\u1eeb b\u00ean ngo\u00e0i v\u00e0o chi\u1ebfm 56%, trong \u0111\u00f3 c\u00f3 m\u1ed9t s\u1ed1 th\u01b0\u01a1ng v\u1ee5 l\u1edbn nh\u01b0 \u0111\u1ea7u t\u01b0 v\u00e0o Sabeco v\u00e0 Vinhomes, 70% c\u00e1c th\u01b0\u01a1ng v\u1ee5 di\u1ec5n ra v\u1edbi doanh nghi\u1ec7p v\u1eeba v\u00e0 nh\u1ecf. Gi\u00e1 tr\u1ecb M&A t\u1ea1i Vi\u1ec7t Nam t\u0103ng 21% trong v\u00f2ng 10 n\u0103m, t\u1eeb n\u0103m 2008 \u0111\u1ebfn n\u0103m 2018.<\/p>\n

\"\"<\/p>\n

Th\u1eddi gian v\u1eeba qua, ho\u1ea1t \u0111\u1ed9ng mua b\u00e1n, s\u00e1p nh\u1eadp (M&A) t\u1ea1i Vi\u1ec7t Nam \u0111\u00e3 ph\u00e1t tri\u1ec3n m\u1ea1nh m\u1ebd c\u1ea3 v\u1ec1 s\u1ed1 l\u01b0\u1ee3ng v\u00e0 gi\u00e1 tr\u1ecb th\u01b0\u01a1ng v\u1ee5.<\/em><\/p>\n

M\u1eb7c d\u00f9 v\u1eady, \u00f4ng Trent Davies\u00a0<\/i>nh\u1ea5n m\u1ea1nh, th\u1ebf gi\u1edbi \u0111\u00e3 ph\u1ea3i ch\u1ee9ng ki\u1ebfn s\u1ef1 suy gi\u1ea3m ho\u1ea1t \u0111\u1ed9ng M&A d\u01b0\u1edbi t\u00e1c \u0111\u1ed9ng c\u1ee7a Covid-19. T\u1ea1i Vi\u1ec7t Nam, theo B\u1ed9 KH&\u0110T, gi\u00e1 tr\u1ecb g\u00f3p v\u1ed1n, mua c\u1ed5 ph\u1ea7n 9 th\u00e1ng \u0111\u1ea7u n\u0103m gi\u1ea3m 55,1% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m ngo\u00e1i. Tuy nhi\u00ean, nh\u1edd ki\u1ec3m so\u00e1t t\u1ed1t d\u1ecbch b\u1ec7nh, Vi\u1ec7t Nam \u0111\u00e3 \u0111\u00f3n nh\u1eadn l\u1ee3i th\u1ebf t\u1eeb s\u1ef1 \u0111a d\u1ea1ng h\u00f3a chu\u1ed7i cung \u1ee9ng to\u00e0n c\u1ea7u. D\u1ef1 b\u00e1o n\u0103m 2021, ho\u1ea1t \u0111\u1ed9ng M&A c\u1ee7a Vi\u1ec7t Nam s\u1ebd t\u0103ng tr\u01b0\u1edfng m\u1ea1nh.<\/p>\n

\u0110\u1ed9ng l\u1ef1c th\u00fac \u0111\u1ea9y t\u0103ng tr\u01b0\u1edfng M&A<\/b><\/h3>\n

Theo \u0111\u00f3, \u0111\u1ea1i di\u1ec7n Dezan Shira & Associates nh\u1eadn \u0111\u1ecbnh c\u00f3 2 \u0111\u1ed9ng l\u1ef1c ch\u00ednh th\u00fac \u0111\u1ea9y t\u0103ng tr\u01b0\u1edfng ho\u1ea1t \u0111\u1ed9ng M&A t\u1ea1i Vi\u1ec7t Nam. Th\u1ee9 nh\u1ea5t \u0111\u00f3 l\u00e0 nh\u00e2n kh\u1ea9u h\u1ecdc. Vi\u1ec7t Nam l\u00e0 m\u1ed9t trong nh\u1eefng qu\u1ed1c gia c\u00f3 t\u1ea7ng l\u1edbp trung l\u01b0u ph\u00e1t tri\u1ec3n nhanh nh\u1ea5t trong khu v\u1ef1c, c\u00f9ng v\u1edbi t\u1ed1c \u0111\u1ed9 \u0111\u00f4 th\u1ecb h\u00f3a ng\u00e0y c\u00e0ng cao. \u0110\u00e1ng ch\u00fa \u00fd, chi ti\u00eau c\u1ee7a ng\u01b0\u1eddi ti\u00eau d\u00f9ng c\u0169ng t\u0103ng l\u00ean \u0111\u00e1ng k\u1ec3, nh\u1ea5t l\u00e0 trong l\u0129nh v\u1ef1c th\u01b0\u01a1ng m\u1ea1i \u0111i\u1ec7n t\u1eed.<\/p>\n

\"\"<\/p>\n

Th\u01b0\u01a1ng m\u1ea1i \u0111i\u1ec7n t\u1eed l\u00e0 l\u0129nh v\u1ef1c t\u0103ng tr\u01b0\u1edfng m\u1ea1nh trong th\u1eddi gian v\u1eeba qua<\/em><\/p>\n

M\u1eb7t kh\u00e1c, Ch\u00ednh ph\u1ee7 \u0111ang cho th\u1ea5y n\u1ed7 l\u1ef1c th\u00fac \u0111\u1ea9y t\u0103ng tr\u01b0\u1edfng th\u00f4ng qua vi\u1ec7c c\u1ea3i thi\u1ec7n m\u00f4i tr\u01b0\u1eddng kinh doanh. Theo \u0111\u00f3, nhi\u1ec1u ch\u00ednh s\u00e1ch \u01b0u \u0111\u00e3i thu\u1ebf v\u00e0 h\u1ed7 tr\u1ee3 FDI \u0111\u00e3 c\u00f3 hi\u1ec7u l\u1ef1c t\u1ea1i Vi\u1ec7t Nam. N\u1ed5i b\u1eadt nh\u1ea5t l\u00e0 c\u00e1c hi\u1ec7p \u0111\u1ecbnh th\u01b0\u01a1ng m\u1ea1i t\u1ef1 do nh\u01b0 EVFTA \u0111\u00e3 \u0111\u01b0\u1ee3c k\u00fd k\u1ebft g\u1ea7n \u0111\u00e2y.<\/p>\n

Th\u1ee9 hai, c\u00e1c y\u1ebfu t\u1ed1 v\u1ec1 th\u1ecb tr\u01b0\u1eddng. Do ki\u1ec3m so\u00e1t \u0111\u01b0\u1ee3c \u0111\u1ea1i d\u1ecbch, Vi\u1ec7t Nam \u0111\u00e3 phuc h\u1ed3i n\u1ec1n kinh t\u1ebf nhanh h\u01a1n so v\u1edbi c\u00e1c n\u01b0\u1edbc kh\u00e1c. Nh\u01b0 v\u1eady, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0o Vi\u1ec7t Nam s\u1ebd c\u00f3 l\u1ee3i th\u1ebf \u0111i \u0111\u1ea7u so v\u1edbi nhi\u1ec1u n\u01b0\u1edbc tr\u00ean th\u1ebf gi\u1edbi. C\u00f9ng v\u1edbi \u0111\u00f3, \u0111\u1ea1i d\u1ecbch Covid-19 khi\u1ebfn nhi\u1ec1u doanh nghi\u1ec7p r\u01a1i v\u00e0o t\u00ecnh tr\u1ea1ng kh\u00f3 kh\u0103n. V\u00ec v\u1eady, vi\u1ec7c mua l\u1ea1i c\u00e1c doanh nghi\u1ec7p n\u00e0y s\u1ebd tr\u1edf n\u00ean s\u1ebd d\u00e0ng h\u01a1n.<\/p>\n

B\u00ean c\u1ea1nh \u0111\u00f3, qu\u00e1 tr\u00ecnh di d\u1eddi s\u1ea3n xu\u1ea5t v\u00e0 chu\u1ed7i cung \u1ee9ng kh\u1ecfi Trung Qu\u1ed1c v\u1eabn ti\u1ebfp t\u1ee5c. Nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i c\u00f3 r\u1ea5t nhi\u1ec1u c\u01a1 h\u1ed9i trong ph\u00e1t tri\u1ec3n chu\u1ed7i cung \u1ee9ng v\u00e0 c\u00f4ng nghi\u1ec7p h\u1ed7 tr\u1ee3 t\u1ea1i Vi\u1ec7t Nam. Ngo\u00e0i ra, Ch\u00ednh ph\u1ee7 c\u0169ng \u0111ang t\u00ecm c\u00e1ch tho\u00e1i v\u1ed1n c\u00e1c doanh nghi\u1ec7p nh\u00e0 n\u01b0\u1edbc.<\/p>\n

R\u00e0o c\u1ea3n M&A trong k\u1ef7 nguy\u00ean Covid-19<\/b><\/h3>\n

Hi\u1ec7n nay, ho\u1ea1t \u0111\u1ed9ng M&A t\u1ea1i Vi\u1ec7t Nam v\u1eabn c\u00f2n m\u1ed9t s\u1ed1 r\u00e0o c\u1ea3n. \u0110\u1eb7c bi\u1ec7t d\u01b0\u1edbi t\u00e1c \u0111\u1ed9ng c\u1ee7a Covid-19, vi\u1ec7c \u0111\u00f3ng c\u1eeda bi\u00ean gi\u1edbi \u0111\u00e3 tr\u1edf th\u00e0nh tr\u1edf ng\u1ea1i l\u1edbn cho c\u1ea3 ng\u01b0\u1eddi mua v\u00e0 ng\u01b0\u1eddi b\u00e1n. \u00d4ng\u00a0Trent Davies cho bi\u1ebft, ngay t\u1eeb khi l\u1ef1a ch\u1ecdn c\u00f4ng ty m\u1ee5c ti\u00eau, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ec1u g\u1eb7p ph\u1ea3i r\u00e0o c\u1ea3n trong c\u00e1c th\u1ee7 t\u1ee5c, r\u00e0o c\u1ea3n v\u1ec1 ch\u00eanh l\u1ec7ch trong \u0111\u1ecbnh gi\u00e1 gi\u1eefa ng\u01b0\u1eddi mua v\u00e0 ng\u01b0\u1eddi b\u00e1n.<\/p>\n

Quy tr\u00ecnh M&A di\u1ec5n ra qua 3 giai \u0111o\u1ea1n. Giai \u0111o\u1ea1n \u0111\u1ea7u ti\u00ean y\u00eau c\u1ea7u c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u1ea3i c\u00f3 chi\u1ebfn l\u01b0\u1ee3c c\u1ee5 th\u1ec3 nh\u1eb1m hi\u1ec3u r\u00f5 v\u1ec1 c\u00f4ng ty m\u1ee5c ti\u00eau, qua \u0111\u00f3 x\u00e1c \u0111\u1ecbnh m\u1ee5c ti\u00eau c\u1ed1t l\u00f5i. Tr\u00ean c\u01a1 s\u1edf \u0111\u00f3, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 ti\u1ebfn h\u00e0nh giai \u0111o\u1ea1n 2 l\u00e0 x\u00e1c \u0111\u1ecbnh m\u1ee5c ti\u00eau. Giai \u0111o\u1ea1n th\u1ee9 ba l\u00e0 th\u1ea9m \u0111\u1ecbnh m\u1ee5c ti\u00eau. Vi\u1ec7c th\u1ea9m \u0111\u1ecbnh m\u1ee5c ti\u00eau y\u00eau c\u1ea7u ph\u1ea3i ti\u1ebfn h\u00e0nh to\u00e0n di\u1ec7n, t\u00ednh \u0111\u1ebfn t\u1ea5t c\u1ea3 c\u00e1c y\u1ebfu t\u1ed1 bao g\u1ed3m ph\u00e1p l\u00fd, t\u00e0i ch\u00ednh, thu\u1ebf v\u00e0 nh\u00e2n s\u1ef1. Sau khi ho\u00e0n th\u00e0nh th\u1ea9m \u0111\u1ecbnh, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111i \u0111\u1ebfn giai \u0111o\u1ea1n \u0111\u00e0m ph\u00e1n v\u00e0 giao d\u1ecbch. Cu\u1ed1i c\u00f9ng l\u00e0 k\u00fd k\u1ebft M&A.<\/p>\n

\u00d4ng Trent Davies k\u1ebft lu\u1eadn, m\u1eb7c d\u00f9 qu\u00e1 tr\u00ecnh th\u1ef1c hi\u1ec7n M&A t\u1ed1n r\u1ea5t nhi\u1ec1u th\u1eddi gian nh\u01b0ng l\u1ea1i c\u00f3 l\u1ee3i cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1ec1 l\u00e2u d\u00e0i. \u01af\u1edbc t\u00ednh trong t\u01b0\u01a1ng lai, ho\u1ea1t \u0111\u1ed9ng M&A s\u1ebd t\u0103ng tr\u01b0\u1edfng m\u1ea1nh m\u1ebd h\u01a1n n\u1eefa \u1edf Vi\u1ec7t Nam.<\/p>\n

Theo Cafebiz.<\/em><\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Theo \u00f4ng Trent Davies – qu\u1ea3n l\u00fd c\u1ea5p cao c\u1ee7a C\u00f4ng ty T\u01b0 v\u1ea5n Dezan Shira & Associates, th\u1eddi gian v\u1eeba qua, ho\u1ea1t \u0111\u1ed9ng mua b\u00e1n, s\u00e1p nh\u1eadp (M&A) t\u1ea1i Vi\u1ec7t Nam \u0111\u00e3 ph\u00e1t tri\u1ec3n m\u1ea1nh m\u1ebd c\u1ea3 v\u1ec1 s\u1ed1 l\u01b0\u1ee3ng v\u00e0 gi\u00e1 tr\u1ecb th\u01b0\u01a1ng v\u1ee5. Th\u1ed1ng k\u00ea n\u0103m 2018, Vi\u1ec7t Nam c\u00f3 h\u01a1n 266 […]<\/p>\n","protected":false},"featured_media":13718,"template":"","article_category":[],"class_list":["post-6404","article","type-article","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/fts.com.vn\/en\/wp-json\/wp\/v2\/article\/6404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fts.com.vn\/en\/wp-json\/wp\/v2\/article"}],"about":[{"href":"https:\/\/fts.com.vn\/en\/wp-json\/wp\/v2\/types\/article"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fts.com.vn\/en\/wp-json\/wp\/v2\/media\/13718"}],"wp:attachment":[{"href":"https:\/\/fts.com.vn\/en\/wp-json\/wp\/v2\/media?parent=6404"}],"wp:term":[{"taxonomy":"article_category","embeddable":true,"href":"https:\/\/fts.com.vn\/en\/wp-json\/wp\/v2\/article_category?post=6404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}