South Korean investors dominate M&A deals in Vietnam

Vietnam’s competition watchdog has appealed a ruling that Grab did not violate antitrust laws in its acquisition of Uber’s operations in the country.

The finding that Grab’s acquisition of Uber’s Vietnam operations did not violate antitrust laws has bucked the general trend.

Vietnam’s Competition Council ruled Wednesday that Grab’s acquisition of Uber last year did not infringe the Competition Law. 

Malaysia-based Berjaya Group has sold its 75 percent stake in the five-star InterContinental Hanoi Westlake hotel to Hanoi Hotel Tourism Development Company JSC.

The Trump-Kim summit ending without any agreement caused many markets to lose points; the VN-Index went down 2.5 percent.

Three major aviation deals were signed Wednesday in the presence of Vietnamese and U.S. presidents Nguyen Phu Trong and Donald Trump.

Vietnamese budget airline Vietjet will sign next week a deal to buy 100 narrow-body Boeing aircraft.

China rejected on Saturday German Chancellor Angela Merkel’s appeal to join a Cold War-era arms control treaty that the U.S. accuses Russia of breaching.

Ride-hailing firm Grab has asserted that it did not breach Vietnam’s competition laws, contesting authorities’ definitions and interpretations.

Novaland has hired Greg Norman Golf Course Design to build four golf courses at a cost of $100 million in its tourism complexes.

Vietnamese and global companies are expected to sign agreements worth $2 billion at the Vietnam Tourism Summit in Hanoi on December 5-6.

President Donald Trump said Friday that China was ready to make a deal to defuse trade tensions, and more import tariffs might not be needed. 

IBM said Sunday it has reached a deal to buy open source software company Red Hat for $34 billion, among the biggest tech mergers in history.