Merger and acquisition (M&A) activities might potentially occur at slower pace and lower frequencies in the remaining two quarters of 2019 as a result of the scarcity in clean and clear projects readily available to invest.
Vietnam remains one of the most favored destinations for foreign investment in Southeast Asia, especially in the field of real estate largely due to the country’s friendly policies encouraging foreign direct investment, its political stability and strong economy.
Real estate merger and acquisition activities in Vietnam have been bustling in recent years and will grow impressively in the future, according to experts.
Khanh Nguyen, Associate Director of Capital Markets at JLL, a leading professional services firm specialized in real estate and investment management, has given her insights into the joint-venture partnership between Hongkong Land and Ho Chi Minh City Infrastructure Investment JSC and on merger-and-acquisition (M&A) activities in Vietnam.
In just three months, Novaland bought two projects and sold one real estate project and all three of these project were in commercial and residential fields and located in HoChiMinh City.
Saigon One Tower is a real estate project with the scale of VND5,000 billion (roughly US$220 million), but this project has been suspended since 2011 in Ho Chi Minh City.
The Vietnam’s real estate market is blooming as the competitive position of the industry has witnessed a high influx of foreign direct investment (FDI) and the positive Mergers and Acquisitions (M&A) activities with impressive growth.
