M&A NEWSLETTER
1.?Becamex IDC before its historic offering deal.
The scale of approximately 1 billion USD makes Becamex IDC's plan the largest public share offering in the history of the Vietnamese stock market.
Becamex IDC is preparing for a historic public tender offer, offering up to 40% of its shares, with a deal valued at approximately 1 billion USD. This move marks the largest public share offering in Vietnam’s stock market history. The company, a leader in industrial real estate development, plans to use the capital raised to expand its portfolio and strengthen its position in both domestic and international markets. Becamex IDC has built a reputation by developing key industrial parks and urban areas in Vietnam. This IPO is a significant step in its strategy to continue growing and compete globally. The move is expected to bring more attention to Vietnam's growing capital market.
2.?Golden Gate acquires The Coffee House chain.
Golden Gate Group JSC, a multi-brand restaurant chain operator in Vietnam, has acquired The Coffee House chain from retail group Seedcom.
Golden Gate, a major restaurant and food service group in Vietnam, has acquired The Coffee House chain. This acquisition aims to strengthen Golden Gate’s presence in the coffee and beverage sector. The Coffee House, which operates over 140 stores nationwide, will continue to operate under its current brand. Golden Gate plans to expand the chain’s operations, enhance its service, and develop new products. The acquisition reflects Golden Gate’s strategy to diversify its portfolio and invest in high-growth sectors like coffee and food services. The financial details of the deal were not disclosed.
3.?SCIC will auction off a batch of shares from Domesco Medical Import-Export Joint Stock Company.
(TBTCO) - The Ho Chi Minh City Stock Exchange (HOSE) has announced that it will organize an auction for the entire batch of over 12 million shares of Domesco Medical Import-Export Joint Stock Company (stock code: DMC).
The State Capital Investment Corporation (SCIC) will auction off a batch of shares from Domesco Medical Import-Export Joint Stock Company (DOMESCO). This sale involves 17.26% of DOMESCO’s shares, which are being sold to reduce the state’s ownership in the company. The auction is scheduled for March 2025. The shares will be sold at a starting price of VND 100,000 per share, and the total value of the shares up for auction is estimated to be around VND 1,000 billion. SCIC aims to optimize the use of state capital and improve the financial performance of the state-owned enterprises. DOMESCO is a leading company in the medical import-export sector in Vietnam.
4.?S&P Global acquires 43.4 per cent of Vietnam credit rating agency FiinRatings.
S&P Global Ratings, the world’s leading provider of independent credit ratings, announced on February 25 that S&P Global Inc. has agreed to acquire a 43.4 per cent minority shareholding in Vietnam’s leading credit rating agency, FiinRatings.
S&P Global has acquired a 43.4% stake in FiinRatings, Vietnam's leading credit rating agency. This partnership, building on their collaboration since 2020, aims to strengthen credit rating standards and the debt capital market in Vietnam. The investment will enhance FiinRatings' ability to serve the growing capital markets by leveraging S&P's global expertise. Both companies plan to expand their cooperation in areas like knowledge transfer, product development, and marketing. The deal is pending approval from the Vietnamese government and is expected to close in Q2 2025.
5.?The giant Foxconn spends 50 million USD to acquire 25% of the shares of Goertek Electronics Vietnam.
According to the agreement, New Wing will invest 50 million USD to acquire 25% of the equity of Goertek Electronics Vietnam Co. Ltd., while the remaining 75% will be held by an independent third party.
Foxconn has acquired a 100% stake in Goertek's subsidiary in Bac Ninh, Vietnam. The subsidiary specializes in producing electronic components, including parts for smartphones and wearables. The deal is expected to boost Foxconn's production capacity and strengthen its position in the global electronics market. Goertek, a Chinese company, is known for manufacturing components for leading tech brands. This acquisition is part of Foxconn's strategy to diversify its supply chain and expand its operations in Vietnam. The move also aligns with the growing trend of companies shifting manufacturing out of China.
6.?Chinese investors ahead in new-registered projects.
China led the pack in terms of newly registered projects amount in Vietnam in January with the strong presence of many international corporations in technology, electronics, and energy.
Chinese investors are leading in new registered projects in Vietnam. According to recent data, Chinese companies have accounted for the largest share of foreign investment in Vietnam, surpassing other countries. The trend reflects growing confidence in the Vietnamese market, driven by its strategic location, stable economy, and expanding consumer base. Many Chinese investors are focusing on sectors such as manufacturing, real estate, and technology. The article also notes that Vietnam's business environment is becoming more attractive due to government efforts to improve investment policies and infrastructure. Despite challenges like the global economic slowdown, foreign investments continue to flow into the country.
7.?Quality can shine through in Japanese M&A developments.
Japanese dealmakers are eager to step up dealmaking activity across all sectors in Vietnam. Masataka “Sam” Yoshida, head of the Cross-border Division at RECOF Corporation, discussed with VIR’s Thanh Van the performance and prospects of Japanese mergers and acquisitions in Vietnam.
The impact of Japanese mergers and acquisitions (M&A) in Vietnam, highlighting the growing emphasis on quality in Japanese investments. Japanese companies focus on long-term growth and innovation, especially in sectors like real estate, retail, and manufacturing. These investments are enhancing the quality of products, services, and management practices in Vietnam. The article suggests that Japanese M&A activities are contributing to technological advancements and improving the overall business environment. The strategic, meticulous approach of Japanese investors is helping boost Vietnam’s competitiveness in the global market.
8.?Vietnam's M&A landscape mirrors global trends.
The merger and acquisition (M&A) landscape in Vietnam is mirroring global trends, with a focus on key industries in a dynamic environment.
Vietnam's M&A (Mergers and Acquisitions) market, which mirrors global trends despite challenges such as the pandemic and geopolitical uncertainties. Key sectors like technology, finance, and real estate continue to attract both local and foreign investors. The Vietnamese government has introduced supportive policies to streamline the M&A process, further boosting its appeal. There is a growing trend of digital transformation, with foreign investors showing increased interest in Vietnam’s consumer market. This trend places Vietnam as an increasingly attractive destination for M&A activity, positioning the country as a prominent player in Southeast Asia.
9.?The M&A market in 2025 is expected to see significant deals in the healthcare and education sectors.
There are many reasons why these two sectors attract global investors and businesses to pursue more M&A deals.
There are several factors driving global investors and businesses to pursue more M&A deals in the healthcare and education sectors. These industries are experiencing rapid growth due to increased demand for healthcare services and educational advancements, particularly in emerging markets like Vietnam. Additionally, digital transformation is reshaping both sectors, creating new opportunities for innovation and expansion. The potential for high returns, combined with favorable government policies, has made these industries highly attractive for investment. As a result, M&A activity in healthcare and education is expected to increase significantly in the coming years, offering new growth avenues for both local and international players.