Vietnam to see 400 M&A deals worth $3.8b by end of 2015


Vietnam is expected to be 20th in the global M&A market in 2015, with the total number of deals involving the country-based firms reaching 400. In terms of value, the deals from the beginning of this year have already touched $2 billion, placing the country in the 41st position. The figure is expected to reach  $3.8 billion by… Read more »

VN Dealbook: Kinh Do turns down DongA Bank’s 17% offer, Vingroup sells first subsidiary in 2015, FPT Corp units have new developments

Vietnamese food company Kinh Do Corporation will not invest VND1 trillion in DongA Bank for its 17 per cent stake, as reported widely in the local press. Meanwhile, Vingroup, Vietnam’s biggest property player, has exited one of its subsidiaries for the first time in 2015. Another large private group, tech… Read more »

VN Dealbook: Vegetexco to go IPO in September, PetroVietnam Construction divests from affiliate

The Vietnamese government plans to fully divest from another state-owned company next month i.e. the Vietnam National Vegetable, Fruit and Agricultural Product Corporation. Meanwhile, the restructuring scheme of another state-owned major, PetroVietnam, is being implemented; its subsidiary PetroVietnam Construction JSC will completely exit several non-strategic property assets, including the My Dinh… Read more »

More action required to achieve Vietnam’s privatisation goals: World Bank

Vietnam will have to privatise some 240 state-owned enterprises (SOEs) within the second half of 2015. to meet its privatisation targets. It was able to privatise, and that too partially, just 27 SOEs in the first quarter- amounting to a mere 9.3 per cent of the total number of state-owned… Read more »

Prudential invests $147.5m in Vietnam’s first 20-year sovereign notes

The Vietnam arm of UK based insurance and financial services company, Prudential Vietnam, has signed a deal to invest VND3.2 trillion ($147.5 million) in Vietnam sovereign bonds, which will mature after 20 years, the Vietnam News Agency said on Thursday. The media agency unveiled that the investment certificate was granted by… Read more »

VN Dealbook: Thong Nhat Production & Investment becomes Vinatea’s strategic investor, Van Phu Invest buys Hanoi-based property for $29.67m

The Vietnamese state will offload all of its shares in the Vietnam National Tea Corporation (Vinatea). Accordingly, Thong Nhat Production and Investment JSC has been selected to be the strategic partner of the IPO. Meanwhile, another state-own utility, the Hanoi School of Public Health, is planning to move its campus,… Read more »

Thai Siam Cement Group takes majority stake in Vietnam’s packing firm Batico

Thailand’s Siam Cement Group (SCG), through its subsidiary TC Flexible Packaging Company Limited, has acquired an 80 per cent stake in Vietnam-based Tin Thanh Packing Joint Stock Company (Batico), the Thai group has announced. While the group did not reveal the value of the deal, the Bangkok Post earlier in… Read more »

BNP Paribas appoints new Vietnam head

Aymar de Liedekerke Beaufort has been relocated by BNP Paribas to Ho Chi Minh City,Vietnam, from Frankfurt,Germany in order to serve as country head and CEO of BNP Paribas Ho Chi Minh City (Saigon). Beaufort will oversee corporate and institutional banking, investment solutions and retail banking in his new role in Vietnam. These three domains… Read more »

UK’s Ross Group joins hands with Bamboo Capital to invest up to $100m in Vietnam

The UK electronics and energy-related product distributor Ross Group will raise $100 million from the international capital market to invest in Vietnam, as per a partnership it has recently sealed with the Vietnam-based investment firm Bamboo Capital. Bamboo Capital said that it will collaborate with Ross Group in exploring investment opportunities in Vietnam,… Read more »

VN Dealbook: Two funds to divest from steelmaker Hoa Phat, Hoa Binh Group sells flagship project for $33.9m

The Vietnamese deal space has seen a slew of transactions within the last couple of days, as several foreign funds have registered to sell stakes of steel product manufacturer Hoa Phat Group, while in the realty segment, Hoa Binh Group, which is active in a number of industries – from… Read more »