Long-term development commitments realised through strategic M&A moves The Vietnamese merger and acquisition (M&A) market has suffered a plunge since the beginning of 2020 as investors took a more cautious tack while restrictions and quarantine measures hindered the evaluation and decision-making of M&A deals. Such transactions in Vietnam were estimated at $3.5 billion during 2020, accounting for 48.6 per cent compared to the previous year, but it is believed the market will recover this year when its size may return to previous levels of around $5 billion. Beside other traditionally big investors to Vietnam including those from Singapore, Japan, and South Korea, Thai corporates have showcased great confidence in Vietnam in the midst of the global health crisis. In one case, Stark Group acquired Thinh Phat Cables JSC and Dong Viet Non-Ferrous Metal and Plastic JSC, while a leading Thai conglomerate SCG bought Bien Hoa Packaging JSC. There have also been a few notable power projects in Vietnam involving Thai investors in the past year such as Banpu Pcl., Super Energy Corporation, and Gunkul Engineering Plc. These transactions, along with many other M&A deals that have been carried out recently, come with worries that many Vietnamese companies may fall by… Read full this story
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