tk88 bet

Foreign investors dominate real estate M&A market in Vietnam

Investors from Singapore, the Republic of Korea (RoK), Taiwan (China), Japan and Malaysia invested about 1.4 billion USD in merger and acquisition (M&A) deals in the field of real estate in Vietnam in the first seven months of this year.
Foreign investors dominate real estate M&A market in Vietnam ảnh 1ESR Group Limited, one of the largest asset management companies in Asia - Pacific, spent 450 million USD to increase its ownership in BW Industrial Development Joint Stock Company (BW Industrial). (Photo: baodautu.vn)
Hanoi (VNA) –  Investors from Singapore, the Republic ofKorea (RoK), Taiwan (China), Japan and Malaysia invested about 1.4 billion USD inmerger and acquisition (M&A) deals in the field of real estate in Vietnamin the first seven months of this year.

In the reviewed period, the M&A market value in Vietnam neared 3.2 billion USD, down 62% from the same period last year, accordingto Dao Thien Huong, Deputy General Director of EY Consulting Vietnam JSC.

She said that 92% of the buyers of M&A deals in realestate in Vietnam are foreign investors, mostly from Taiwan, Singapore and theRoK.

Notably, ESR Group Limited, one of the largest asset managementcompanies in Asia - Pacific, spent 450 million USD to increase its ownership inBW Industrial Development Joint Stock Company (BW Industrial) in January 2023.This was the largest deal in the real estate market and an outstanding deal inthe industrial property segment.

In the housing and urban area segment, Gamuda bought a 3.68-hectare project in Ho Chi Minh City’s Thu Duc city with 305 million USD inearly July, the biggest in this market segment.

Other major deals included Keppel Corporation’s acquiring ofan 11.8-hectare project from Khang Dien with 277 million USD and a retailproject in the city downtown of Hanoi at a price of about 80 million USD.

According to Huong, currently many M&A deals in the realestate sector are under negotiations. However, the process has encountered manydifficulties, including those in the legal corridor regarding foreign investors’owning of real estate in Vietnam.

Lawyer Ngo Thi Van Quynh, Director of An Legal company, saidthat the complicated legal procedure is one of the major reasons behind the slowprogress of M&A deals, which has caused an increase in time and cost needed.

The Government has made positive steps to improve the legalframework in the field while drafting the Law on Real Estate Business(revised), aiming to make it easier for foreign investors to develop theirprojects. Quynh said that she hopes from 2024, M&A projects in real estatesector will become more bustling./.
VNA

See more

The official logo of resort airline Sun PhuQuoc Airways (Photo: Sun Group)

𝕴 Official logo of resort airline Sun PhuQuoc Airways announced

Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
High-end apartment projects in Gamuda Gardens Urban Area in Hanoi are developed by Malaysian real estate group Gamuda Land. (Photo: VNA)

ꦓ OECD Economic Surveys: Vietnam 2025 report released

The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Vietnamese lychees make sweet impression on UK consumers (Photo: VNA)

Vietnamese lychees win over UK consumers

The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|