Singapore ranked third (behind South Korea and China) among foreign investors in the first half of 2024, with 142 M&A deals worth about $349 million, according to the Ministry of Planning and Investment. In an interview with Vietnam Investment Review, M&A partner Seck Yee Chung shared his views about the future outlook of Singapore M&A deals in Vietnam.
“Foreign investors continue to be key drivers of Vietnam’s merger and acquisition (M&A) market, which is primarily driven by strong interest in Vietnam as a growth market. Singapore remains one of the most active players in Vietnam’s M&A landscape,” Chung said.
“Although Singaporean investors’ main focus in Vietnam for the first half of 2024 was on new ventures, we remain confident that investors from Singapore will continue to bolster their portfolios by securing new strategic deals in Vietnam as an emerging Southeast Asian market.”
Chung continued, “With Vietnam’s ageing population and rising middle-class increasing the demand for healthcare services, the trend of substantial deals in the healthcare sector will likely continue. Similarly, the real estate and construction sector is attractive due to Vietnam’s newly updated legal framework and the relocation of many production facilities.”
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