Vietnam records 30 M&A deals in September
Values were disclosed or estimated for 23 transactions, amounting to approximately US$1.74 billion, according to Grant Thornton.
Four restructuring and related-party deals dominated Vietnam’s mergers and acquisitions market in September, representing approximately US$1.23 billion, or 70.7 per cent of transaction value, according to Grant Thornton. The firm recorded 30 deals overall, with disclosed or estimated values available for 23.
The largest transaction highlighted was an agreement by VinFast Vietnam Joint Stock Company to buy the entire equity interest in Ngoc Hoi Real Estate Investment Joint Stock Company for approximately US$1.2 billion.
Logistics and infrastructure ranked first by number of transactions, with four deals. Real estate, consumer, industrials and financials recorded three apiece. These five sectors collectively represented approximately 53 per cent of the month’s transactions, with 16 deals.
After excluding restructuring and related-party activity, consumer transactions reached approximately US$183.8 million, while metals and mining deals totalled approximately US$124.8 million. Grant Thornton said the two sectors together represented 61 per cent of disclosed or estimated transaction value on that basis.
Among the consumer transactions was a share transfer involving Thanh Thanh Cong - Bien Hoa Joint Stock Company, valued at nearly US$179 million.
