Merger and acquisition (M&A) can help domestic auto makers grow their businesses and increase their competitiveness in the current cutthroat market. Most Vietnamese auto companies are small. They operate in tiny slices of the market involving import services, assembly and distribution. According to market insiders, auto companies must expand in order to catch up with the industry's rapid growth. However, the industry seems to have been ignored during the M&A wave, which has proved very exciting in the banking and finance sector. Experts expect M&A activity to increase as more companies reveal their M&A plans.
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