Vietnam expects to record more M&As this year (Photo: VNA)
HCM City (VNA) – Vietnam has seen a series of mergers and acquisitions (M&As) in its property market in 2016, a trend expected to continue꧙ throughout the year.
Notable M&As in the first quarter included TNR Holdings’ purchase of TNR Tower in Hanoi from Vingroup for 110 million USD.
Keppel Land spent 93.9 million USD to buy part of the Empire City project in District 2 (Ho Chi Minh City) from Empire City Ltd, while Hyatt and Thaigroup bought a hotel in Hanoi for 165 million USD.
JLL Vietnam, a real estate services firm, said many projects are attracting investors such as A&B Tower in HCM City’s District 1, the Nam Hai Resort in Quang Nam province and the Six Senses Con Dao resort in Ba Ria-Vung Tau province.
The company also saw great interest from investors from the Republic of Korean, Japanese and Singaporean in Vietnamese real estate. It forecasts more M&As this year thanks to improvements in the market and growth slowdowns in some regional countries.
Marc Townsend, Managing Director at CBRE Vietnam, expects the market to be bustling with M&As and new investors.
In HCM City, the municipal People’s Committee approved the acquisition of 23 property projects in 2015, more than twice the amount of the previous year. Five projects asked for acquisition approval in Q1 of 2016, according to Chairman of the city’s real estate association Le Hoang Chau.
He noted that the 137 suspended projects in the city are also a potential source of M&As if favourable policies are provided.-VNA
Seven in 10 of the most prestigious property developers in Vietnam are private enterprises, with the top three being property developers with headquarters in Hanoi, the Vietnam Report has announced.
SynGience, a financial group from Singapore, signed a contract on April 10 on the development of a property project worth 400 billion VND (17.3 million USD) in HCM City.
The positive development of the local economy was the continued growth of the domestic property market in the first quarter of this year, according to experts.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
Vietnam expects to record more M&As this year (Photo: VNA)
