M&A deals' value nears US$5.43 billion in seven months

Total value of merger and acquisition (M&A) deals in Vietnam has nearly reached US$5.43 billion in the first seven months of this year and is expected to touch $7.6 billion this year.
Some remarkable M&A deals were mainly related to investors, such as SK Group, Hanwha and Vingroup. Of which, total value of deals of Vingroup as both buyer and seller was up to $2.41 billion, accounting for 25.64 percent of total M&A value in the period from July 2018 to July 2019.

In addition, there were another two outstanding M&A deals, consisting of the deal between An Quy Hung Company and Vinaconex, the biggest state capital divestment, and the deal between Saigon Co.op and Auchan, in which a Vietnamese enterprise took over a supermarket chain as the foreign investor withdrew from Vietnamese market.

Mr. Vu Dai Thang, deputy minister of the Ministry of Planning and Investment, said that promoting the implementation of equitization and divestment along with publicizing and clarifying the scheme of equitization and divestment will create more and more attractive products for the M&A market, open more opportunities for investors to invest and buy shares at state-owned enterprises.

He also said that the ministry has reported the Government to present the Political Bureau the project ‘Orientation to complete regulations and policies, improve quality and efficiency of foreign investment attraction and use until 2030’. Based on this project, the Politburo will issue for the first time a separate resolution on foreign investment and cooperation in the coming period.

By Hanh Nhung – Translated by Thuy Doan

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