Vietnam's mergers and acquisitions market reached 2.3 billion USD in 10 months

In the first 10 months of 2025, Vietnam recorded 218 mergers and acquisitions with a total value of 2.3 billion USD.

View of the 17th Vietnam Mergers and Acquisitions Forum 2025 (M&A Vietnam Forum 2025).

On the afternoon of December 9, the 17th Vietnam Mergers and Acquisitions Forum 2025 (M&A Vietnam Forum 2025) took place in Ho Chi Minh City, organized by the Finance - Investment Newspaper under the auspices of the Ministry of Finance , attracting more than 500 delegates including leaders of management agencies, economic experts, investors, investment funds and the domestic and foreign business community.

This year's event, themed "New Position - New Opportunities", took place in the context of the Vietnamese M&A market maintaining stability, in contrast to the somber tone of the Southeast Asian region for most of 2025.

According to KPMG data, in the first 10 months of 2025, Vietnam recorded 218 M&A deals with a total value of 2.3 billion USD, reflecting the trend of investors conducting more careful appraisals and more cautious valuations, especially in industries with pressured profit margins or slow growth demand.

Notably, large-scale transactions contributed nearly $1 billion in transaction value, largely from international investors, demonstrating the appeal of high-quality assets and stable performance. After peaking in 2024, the average transaction size returned to $29.4 million, bringing the market back to a more balanced state, with increased activity in the mid-range segment.

Domestic capital flows continued to be a crucial driving force, accounting for over 30% of total transaction value, while foreign capital maintained a strong presence, particularly from Singapore, Japan, the US, and South Korea – the group that led many of the largest deals this year.

This year's notable deals mainly focus on real estate, materials, finance and healthcare . Several large deals worth 1 - 1.5 billion USD are in the final stages of completion, expected to create a new boost for the 2026 - 2027 period.

Notably, the sharp increase in capital contributions and share purchases from foreign investors shows that M&A is becoming an increasingly attractive capital channel. According to the Ministry of Finance, in the first 11 months of 2025, the total registered foreign investment capital reached 33.69 billion USD, up 7.4%; of which capital contributions and share purchases reached over 6.117 billion USD, up 50.7% over the same period.

Entering 2026, the Organizing Committee assessed that the M&A prospects in Vietnam will be more positive thanks to a series of important driving forces such as improvements to the Land Law and investment procedures; a more transparent bond market; a direct power sale mechanism (DPPA) expanding space for renewable energy; a strong investment trend in hospitals, diagnostics and medical technology; and a wave of supply chain shifts continuing to attract capital flows into materials, industry and export manufacturing. Although short-term consumption growth is slow, medium-term demand in the fields of healthcare, retail, logistics, technology and essential services will still increase thanks to a stable macroeconomic foundation.

According to VNA

Source: https://baohaiphong.vn/thi-truong-mua-ban-va-sap-nhap-doanh-nghiep-viet-nam-dat-2-3-ty-usd-trong-10-thang-529089.html