Foreign M&A investment in HCM City exceeds US$2.3 billion in five months

According to the Ho Chi Minh City Statistics Office, the city recorded 783 newly licensed FDI projects with total registered capital of more than US$1 billion and 107 existing projects that increased their investment by a combined US$430.2 million during the period.

Notably, there were 747 cases of capital contributions, share purchases and stake acquisitions in domestic enterprises, with total registered capital reaching US$2.32 billion.

According to the Ho Chi Minh City Department of Finance, one of the most notable transactions involved Indonesian investor Haryanto Sudarno Kusuma, who registered to contribute more than US$1.7 billion to VLD Investment and Finance JSC.

Data from Grant Thornton Vietnam showed that the mergers and acquisitions (M&A) market in Ho Chi Minh City and neighbouring areas continued to record notable transactions in the energy, logistics, healthcare, industrial manufacturing and tourism sectors.

Recent deals included Dawn Medical Technologies’ acquisition of a controlling stake in Pinnacle Health; CJ Logistics Hong Kong Holdings Limited increasing its ownership in Gemadept Logistics Holding to 100%; Norwegian investment fund Norfund investing in Circular Plastics Vietnam; and SC Capital Partners completing its acquisition of the company operating the Fusion Hotel Group resort chain.

The southern metropolis is set to attract US$11 billion in FDI in 2026. The city plans to continue streamlining administrative procedures, resolving difficulties faced by investors and stepping up targeted investment promotion efforts, with priority given to high technology, innovation, data centres, logistics, green growth and projects expected to generate broad economic spillover effects.

Source: VOV