Despite the real estate market's lackluster performance, several companies are accelerating land acquisition efforts.
The consumer goods group has successfully finalized the acquisition of a $250 million investment from Bain Capital, a prominent global private investment firm.
The acquisition is the largest-ever transaction in Vietnam’s healthcare sector, paving way for the group’s expansion across Southeast Asia.
For 2021, Siam Cement Group (SCG) in Vietnam reported revenue from sales of over $1,500 million, which is a 32 per cent increase year on year mainly from sales from new acquisition of Packaging, VKPC operation and chemicals operation (TPCVINA), as well as export sales from Thailand and ASEAN to Vietnam.
A consortium led by KKR that includes Temasek has completed the acquisition of an investment in Vinhomes Joint Stock Company, the leading integrated real estate developer in Vietnam.
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.
Vinhomes has completed its acquisition of Delta JSC, a subsidiary of cosmetics and cleaning agents producer Daso Group, and Green City Development JSC, in July, to further reinforce its foothold in the real estate business.
Combined with Vietnam-based Highlands Coffee, the acquisition of Coffee Bean & Tea Leaf will enable Jollibee Foods Corp to become an important player in the large, fast growing and profitable coffee business.
Grab Vietnam is subject to further investigation as the local competition watchdog has insisted on Grab violating the competition law when it took over Uber.
Following its acquisition of over 20 million stakes of Hau Giang Pharmaceutical JSC, Japan-backed Taisho Pharmaceutical Co. Ltd. has gained control over its Vietnamese counterpart.
Advantage Partners has announced its acquisition of Elise Fashion, one of the biggest women's fashion shop systems in Vietnam.
After successful development of Phu My Hung urban zone, Taiwan-based Central Trading & Development Group has acquired projects which cover areas of hundreds of hectares in Hoa Binh, Bac Ninh and Dong Nai provinces for expansion of land fund in the future.
Real estate merger and acquisition activities in Vietnam have been bustling in recent years and will grow impressively in the future, according to experts.
The joining of Japan’s big-name Aeon did not improve financial situation of Fivimart and Citimart but it even became worse.
