(Published in Vietnam Investment Review, as part of the Vietnam M&A Forum 2025) According to Grant Thornton’s M&A Market Report for September 2025, Vietnam recorded 32 transactions in September alone, with an estimated total value of USD 762 million. Real estate, logistics, infrastructure, industrial manufacturing, and consumer goods continue to be the leading sectors. To…
The central focus of the Distressed M&A discussion session at Vietnam M&A 2025–2026 revolved around a fundamental legal question: how to reform the legal framework to enhance transparency and efficiency in distressed asset transactions requiring “rescue.” This was also the core theme of the presentation and Q&A delivered by Mr. Khuong, directly addressing the practical…
The period of 2025–2026 is opening a “golden window” for M&A activity in Vietnam, particularly distressed M&A transactions, as many enterprises face increasing pressure to restructure. If executed properly, M&A can not only help businesses overcome short-term difficulties but also become a driver for strengthening long-term competitiveness among Vietnamese enterprises. Why 2025–2026 Represents a Window…
Geopolitical volatility, global supply chain realignment, mega-trends such as AI, semiconductors, and clean energy, together with deep legal reforms, are positioning Vietnam in a “new role” on the global investment and M&A map. Key Drivers Shaping Vietnam’s “New Position” The first major driver is the ongoing global supply chain shift following the pandemic, geopolitical conflicts,…
Improvements in the legal environment, together with greater proactiveness in corporate preparedness, are gradually laying the groundwork for Vietnam’s M&A market to move into a new growth cycle in the medium and long term. Overview of Vietnam’s M&A Market in 2025 After a prolonged period of subdued activity, Vietnam’s M&A market in 2025 has begun…
As global capital flows become increasingly selective, the competitiveness of an M&A market is no longer determined solely by market size or growth potential, but is increasingly shaped by institutional quality and the degree of certainty within the legal framework. For Vietnam—where M&A activity is concentrated in foundational sectors such as infrastructure, energy, real estate,…
In many M&A transactions in Vietnam, prolonged deal timelines or valuations falling short of expectations are often not caused by a lack of investor interest, but rather by insufficient readiness on the seller’s side. For professional investors—particularly foreign investors—acquisition decisions are based not only on business potential, but largely on the target company’s level of…
In recent years, M&A has continued to be regarded as one of the key channels for corporate restructuring and for attracting foreign capital into Vietnam. However, for large-scale transactions in infrastructure, energy, real estate, and industrial sectors, negotiations and deal completion are often prolonged—or even collapse—not due to a lack of investor interest, but primarily…
In a legal environment that remains challenging and marked by complex investment procedures, many large-scale projects in Vietnam—particularly in the energy, infrastructure, and industrial sectors—are often categorized as “high risk.” In practice, however, institutional investors and foreign strategic investors continue to actively pursue such projects. This reflects an investment logic that differs from short-term thinking,…
The year 2025 is widely expected by investors and market professionals to usher in a new M&A cycle in Vietnam, marked by a strong return of foreign capital. Amid persistent uncertainties in the global economy, international investors are becoming increasingly selective and cautious in choosing both destinations and sectors for capital deployment. Nevertheless, Vietnam continues…
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