M&A NEWSLETTER
1)??Vingroup transfers its shares in the developer of a sub-project within the "Billionaire Island" development.
Vingroup transferred 80% of its shares in VYHT, the company managing a portion of the "Billionaire Island" project, to a foreign investor. The remaining 19.93% of shares were transferred to Vinhomes.
Vingroup has transferred 80% of its shares in VYHT, the company responsible for a portion of the "Billionaire Island" project (Vinhomes Royal Island) in H?i Phòng, to a foreign investor. An additional 19.93% of shares were sold to its subsidiary, Vinhomes. This high-profile project, located on Vu Yen Island, covers 877 hectares with a total investment of nearly $2.4 billion. The development features luxury amenities, including a marina, a 36-hole golf course, and premium residential and recreational facilities. It is strategically located, connecting major economic hubs like Hanoi and Qu?ng Ninh.
2) Nvidia buys Vingroup's artificial intelligence company
Mr. Jensen Huang said Nvidia acquired VinBrain - Vingroup's artificial intelligence company - to develop a large future design center in Vietnam.
NVIDIA has reportedly acquired an AI subsidiary of Vingroup, a leading Vietnamese conglomerate, to expand its operations in the AI field. The deal aligns with NVIDIA's broader strategy to enhance its capabilities in artificial intelligence and deep learning. This acquisition reflects the increasing global interest in AI technologies and the growing involvement of Vietnamese enterprises in this innovative sector.
?3)?Vingroup plans to sell 25% share of Vinmec to GIC
ACBS has just released an updated report on the Vingroup Investor Conference, saying that billionaire?Pham Nhat Vuong?'s group is planning to sell 25% of Vinmec shares to Singapore's sovereign wealth fund (GIC).
Vingroup, led by billionaire Ph?m Nh?t V??ng, has announced plans to sell a 25% stake in its Vinmec healthcare division to Singapore’s sovereign wealth fund, GIC, for $203 million. The investment will help expand Vinmec’s hospital and clinic network, enhance healthcare quality, and support research initiatives. Vinmec operates seven hospitals and five clinics in Vietnam and is known for achieving international JCI accreditation. Despite the stake sale, Vingroup will remain the controlling shareholder and plans to reinvest all proceeds to further develop Vinmec as a non-profit healthcare system. The partnership will also leverage GIC’s global expertise in healthcare management to enhance Vinmec's services.
4) Japan's Summit Agro International acquires 49 percent stake in Hop Tri
Summit Agro International Ltd., part of the Sumitomo Corporation, announced on November 21 that it has bought a 49 percent stake in Hop Tri Investment Corporation.
Japan's Summit Agro International Ltd. has recently acquired a 49% stake in Vietnam's Hop Tri Investment Corporation, signaling a significant step in its strategy to penetrate deeper into Vietnam’s burgeoning agricultural sector. Hop Tri, a market leader specializing in crop protection, seeds, and fertilizers, represents a strategic choice for Summit Agro, given its strong foothold in the local market. This acquisition aligns with the broader trend of international investment in Vietnam, particularly in high-growth sectors such as agriculture, healthcare, and renewable energy, reflecting the country's growing appeal as a destination for foreign direct investment.
5)?Sunshine wants to acquire shares in the project developer of Lang Co golf resort.
The Board of Directors of Sunshine Group has recently approved its subsidiary to acquire a 39.52% stake in Thu?n Phú L?ng C?, the developer of the L?ng C? Golf Resort Project.
Sunshine Group's Board of Directors has approved its subsidiary to acquire a 39.52% stake in Thuan Phu Lang Co, the company that owns the Lang Co Golf Course Resort project. This resort, located in Thua Thien Hue province, features a luxury resort, villas, and an 18-hole golf course. The acquisition is part of Sunshine's strategy to expand its real estate portfolio and invest in high-end tourism projects.
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6)? VCBS successfully advised on the issuance of VND 1,000 billion of green bonds for IDI, a member of Sao Mai Group.
On October 31, 2024, Vietcombank Securities Limited Company (VCBS) successfully provided advisory services and acted as the issuance agent for a 1,000 billion VND bond offering by I.D.I International Development & Investment Corporation (IDI), a subsidiary of Sao Mai Group.
Vietnam's VCBS successfully advised on the issuance of a green bond worth 1,000 billion VND for IDI, a subsidiary of Sao Mai Group. This is the first green bond issued in local currency in Asia by a sustainable aquaculture company. The bond, which adheres to ICMA Green Bond Principles, has an 8-year maturity and is guaranteed by GuarantCo. The proceeds will fund IDI's strategic projects, including a high-tech aquaculture center and the expansion of a seafood processing facility, targeting export markets in the America. The issuance highlights Vietnam’s advancement in green finance, aligning with global sustainability goals.
7)?Food processing appeals to foreign investors
The M&A activities in the food processing industry have proven vibrant and are expected to maintain growth thanks to the sector's development potential.
Vietnam's food processing sector is drawing strong foreign investment due to rising domestic and export demand, supported by the country’s growing middle class and abundant agricultural resources. The government facilitates this growth through favorable policies and trade agreements, enhancing Vietnam's global competitiveness. Investors are also drawn to technological innovation and sustainable practices in the sector. Vietnam's strategic location in Asia-Pacific further strengthens its appeal for businesses seeking market expansion.
?8)?Vietnam’s M&A market expected to rebound next year
As Vietnam sets a high target for economic growth in 2024, mergers and acquisitions are projected to rebound on the back of growing foreign interest.
Vietnam's M&A market is anticipated to rebound in 2025, driven by improved regulatory frameworks, enhanced foreign investment opportunities, and growing interest in key sectors such as renewable energy, logistics, and technology. Key developments include eased foreign ownership limits, allowing up to 100% ownership in certain industries, and mechanisms enabling direct electricity sales in the renewable energy sector. Notable transactions like Sumitomo Mitsui Banking Corporation's $1.5 billion stake in VPBank highlight increasing investor confidence.
Challenges persist, such as tax policy changes and regulatory complexities, but reforms and a maturing market landscape are expected to attract strategic investors, particularly from Japan, South Korea, and Singapore, fostering a dynamic M&A environment in Vietnam.
9) Thailand investors lead business "acquisition" deals in Vietnam
After showing signs of slowing down since its peak in 2020, Thai investors regained the lead in M&A activities in 2024.
This interest stems from Vietnam's economic stability, potential market growth, and improving legal framework. Thai companies are targeting sectors such as retail, manufacturing, and renewable energy.
Key investments include Central Group's acquisition of Big C Vietnam and Thai Beverage's stake in Sabeco. These moves are part of strategies to tap into Vietnam's growing middle class and consumption market. Moreover, Thailand and Vietnam have strengthened trade ties, further encouraging investment inflows. Despite global economic challenges, the outlook for Thai investment in Vietnam remains optimistic, supported by favorable government policies and strong bilateral relations.
10) Business M&A faces integration challenges
In the context of M&A (mergers and acquisitions) becoming a strong development trend in Vietnam in the process of international economic integration, especially with the participation of foreign investors, to create a playground for domestic enterprises, the role of connecting information on mergers and acquisitions of enterprises is very important.
Vietnam's M&A market is growing, driven by foreign investors targeting sectors like real estate, technology, and consumer goods. Despite a slowdown due to global challenges, the market remains attractive thanks to economic stability and government reforms. Notable deals, such as Masan's acquisition of VinCommerce, showcase opportunities. To sustain growth, Vietnam emphasizes improved policies, infrastructure, and support for foreign and domestic collaborations