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M&A deals total US$4.4 billion in Jan-Oct

The Saigon Times

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HCMC – The Vietnamese merger and acquisition (M&A) market had got 265 transactions worth over US$4.4 billion done in the year to the end of October, up by 23% year-on-year, showed KPMG’s statistics.

The average value of each M&A transaction was US$54.5 million.

The first 10 months of the year saw a surge in M&A activity in areas like digital transformation, retail, and consumer goods.

Speakiing at the Vietnam M&A Forum 2023 held in HCMC yesterday, November 28, Deputy Minister of Planning and Investment Tran Duy Dong said the local M&A market is still attractive to foreign investors thanks to the country’s political stability, high economic growth and the rapid development of the consumer market.

At the forum, financial experts and economists appreciated the Government’s efforts in stimulating economic growth and consolidating investors’ trust over the past time, thus creating M&A opportunities.

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