return icon Vietnamnet.vn

Asian investors eye more M&A opportunities in Vietnam

Investors from Japan, the Republic of Korea (RoK), and Singapore are looking for more potential merger and acquisition (M&A) opportunities in Vietnam, pinning high hopes on the long-term growth prospects of the market.
Asian investors eye more M&A opportunities in Vietnam hinh anh 1



According to Masataka “Sam” Yoshida, head of the Cross-border M&A Division of RECOF Corporation of Japan, Japanese companies are striving to sign strategic agreements with Vietnamese partners.

Yoshida said Vietnam is Japan firms' most preferred destination thanks to its economic resilience with high growth potential on the basis of the diplomatic relations between the two countries.

The Southeast Asian nation is also transitioning from production to a consumer market, he noted, adding that these favourable factors will attract more Japanese companies to the country.

In November 2022, Vietnam continuously recorded M&A deals from Japanese investors. Most recently, the Cool Japan Fund announced that it will pour about 10 million USD into 4P Holdings - the firm that owns and operates the 4P pizza restaurant chain. This is part of the fund's strategy to exploit opportunities from the Vietnamese food and beverage market.

Meanwhile, Japanese gas supplier Toho Gas has signed a strategic investment cooperation agreement with Phuc Sang Minh Engineering Services Trade Co., Ltd to buy 40% of shares of the Vietnamese gas supplier.

Similarly, Sumitomo Mitsui Banking Corporation will invest 240 billion VND (over 9.7 million USD) in Smart Net Trading Service JSC (SmartNet).

Pharmacity, one of the largest drugstore chains in Vietnam, has joined SK Group, with the aim of entering Southeast Asia's rapidly expanding retail and healthcare markets. The deal is believed to be one of the landmark deals of the year.

Meanwhile, SK E&S, the largest private renewable energy operator of the RoK, signed an agreement worth 37.5 million USD to buy a 99.99% stake in New Renewable Energy JSC No.1, which is a subsidiary of Gia Lai Power Electricity JSC to set a foot in the renewable energy sector in Vietnam.

The signing of billion-USD deals between Vietnamese and RoK firms have shown confidence of Korean investors in their Vietnamese partners.

Hana Financial Group has established a strategic partnership with the Bank for Investment and Development of Vietnam (BIDV). Vietnam also witnessed the strategic investment of Shinhan Financial Group of the RoK in Tiki - Vietnam's leading e-commerce company in May this year. 

Hanh Nguyen, a lawyer of Bae, Kim & Lee Vietnam, said in the first 10 months of this year, 370 million USD was poured into Vietnam through M&A deals by Korean investors.

It is forecast that more and more Korean corporations will join and increase their presence in Vietnam through M&A deals in the coming time. 

This year, a member investment fund of Temasek Holdings of Singapore also inked a 50-million-USD deal with Vietnamese e-commerce solution provider OnPoint. 

In addition, Singaporean venture capital funds have increased their presence in the Vietnamese market through investments in local startups.

Recently, Dat Bike, an electric motorbike start-up of Vietnam, has announced that it has successfully raised an additional 8 million USD in a funding round led by Singapore-based Jungle Ventures Fund. GSR Ventures and Delivery Hero Ventures also participated in the round, along with Wavemaker Partners and Innoven Capital.

In August, Jungle Ventures also poured 8.5 million USD into in local insurance and healthcare platform Medici.

Meanwhile, Golden Gate Ventures, a Singapore-based venture capital fund, has set up two offices in Vietnam to invest in technology industry. Another venture fund, the Quest Ventures, is also partnering with Enterprise Singapore to implement the GIA Acceleration Programme to assist Singaporean tech startups and small- and medium-sized enterprises (SMEs) to enter the Vietnamese market./. VNA

MORE NEWS

Vietnam needs new products, services to reach tourism targets

To realise the targets of attracting 110 million tourists and earning some 650 trillion VND (27.5 billion USD) in revenue this year, Vietnam is recommended to develop more products and services to offer new experiences to visitors.

PM Chinh’s Singapore visit expected to advance bilateral trade ties

Prime Minister Pham Minh Chinh’s Singapore visit from February 8-10 aims to affirm the determination to elevate the bilateral economic ties to a new height in the context of many free trade agreement (FTAs) coming into force.

VN to force retailers to generate e-invoices from cash registers

When the technical infrastructure and capacity were upgraded to meet the demand, the regulations about issuing e-invoices from cash registers must then be made compulsory together with the introduction of punishments for violations.

Festivals back in cities and provinces across the country

After a three-year hiatus due to the COVID-19 pandemic, festivals are back in many cities and provinces across the country, attracting thousands of tourists.

600-year-old bell: national treasure of Vietnam

A bell at the Roi pagoda in the central province of Ha Tinh has been recognized as a national treasure.

VN labor market bounces back

Vietnam’s labor market has improved, sending goods news to workers being laid off in the final quarter of last year due to a shortfall of new orders faced by their companies.

MOT seeks contractor for VND35 trillion package for Long Thanh Airport project

A contractor to execute bid package No 5.10 worth VND35 trillion for the Long Thanh International Airport project is expected to be found in March.

Appropriate foreign ownership limit at banks expected to attract investment

Foreign ownership limits at credit institutions were expected to be raised to an appropriate level to attract foreign investment, which plays an important role in improving operational efficiency and accelerating the banking sector's restructuring.

Apple changes pricing strategy for iPhone 14 in Vietnam

Instead of adjusting prices of iPhone 14 in June as it did with iPhone generations in previous years, Apple has unexpectedly lowered the selling prices of the model.

Tech lay-off wave continues to bite at Vietnam’s heels

With major tech giants around the world letting go of tens of thousands of people, an uncertain future is predicted for the Vietnamese human resource market and its own tech industry.

Telegraph names Vietnam among best places in Asia to visit

As Asia finally emerges from the COVID-19 pandemic to welcome back visitors, this marks an ideal moment for travelers to make trips to Asian countries, including Vietnam.

HCM City state agencies unable to recruit 'excellent students' for last 5 years

The city has not been able to attract excellent students or young scientists to state agencies since 2018 because of the unattractive salary policy.

Two broken undersea cables linked to Vietnam to be fixed

Two among four broken undersea cables linked to Vietnam are scheduled to be fixed in March and April this year, reported the local media.

Northern region to see humid weather until April

The northern region of Vietnam will continue to experience humid weather until April, according to Nguyen Van Huong, head of the weather forecast division under the National Centre for Hydro-Meteorological Forecasting.

Vietnam works to ensure safer internet environment for all people

Deputy Minister of Information and Communications Nguyen Huy Dung emphasised the importance of a safe internet in the development process in Vietnam on the occasion of World Safer Internet Day 2023 (February 7).
back_to_top