Vietnam Newsletter - January 2022



Market summary


  • In January, Vietnam market announced a total closed deal size of more than USD134m, in which the manufacturing sector was the key contributor with a USD70m deal

  • An unknown buyer agreed to acquire Capital Place in Hanoi from CapitaLand Vietnam Commercial Value-Added Fund managed by CapitaLand Investment Limited (SGX:9CI) for approximately SGD750m on January 20, 2022

  • Regarding Energy sector, AC Energy Vietnam Investments Pte. Ltd. signed a Share Purchase Agreement to acquire 49% stake in Sinenergy Ninh Thuan I Solar Power Plant in Vietnam (Solar NT) from Super Energy Group (Hong Kong) Co., Ltd. for USD165m on January 28, 2022

  • GELEX Group Joint Stock Company announced that it has issued 851,495,793 common shares at an issue price of VND4,128.4488 per share for gross proceeds of VND3,515,356,784,816 in a round of funding on January 19, 2022

  • The majority of technology deals are dominated by cryptocurrency startups with a total of USD14m raised, notable names include Skrice Studios, Space Falcon Limited, and Ancient8


Aggregate Deal Values = USD134m

 

This month’s top deals


Technology

Mio, a social commerce startup focused on smaller cities, raised USD8m

Vietnam's largest blockchain gaming guild Ancient8 raised USD4m

Blockchain gaming Skrice Studios raised USD5.5m

Article links:

Mio, a social commerce startup focused on smaller cities, raised USD8m

Vietnam's largest blockchain gaming guild Ancient8 raised USD4m

Blockchain gaming Skrice Studios raised USD5.5m




Real Estate

CapitaLand successfully divested its Grade A office building in Hanoi for USD559m

Gia Duc Real Estate will receive USD52m funding from Novaland

Article links:

CapitaLand successfully divested its Grade A office building in Hanoi for USD559m

Gia Duc Real Estate will receive USD52m funding from Novaland




Manufacturing

Sports Gear Co., Ltd. acquired 30% stake in All Wells International Co.,Ltd for USD70m

Ngoc Nghia Industry-Service-Trading Joint Stock Company offered USD94m for being acquired

SeleX Motors JSC received USD2.1m in a round of funding led by Touchstone Partners

Article links:

Sports Gear Co., Ltd. acquired 30% stake in All Wells International Co.,Ltd for USD70m

Ngoc Nghia Industry-Service-Trading Joint Stock Company offered USD94m for being acquired

SeleX Motors JSC received USD2.1m in a round of funding led by Touchstone Partners




Financial services

APG Securities Joint Stock Company announced a private placement of USD59m

SSB is offering shareholders rights to raise USD119m

Article links:

APG Securities Joint Stock Company announced a private placement of USD59m

SSB is offering shareholders rights to raise USD119m




Agribusiness

PAN Group announced their plan to raise new USD72m equity

Article links:

PAN Group announced their plan to raise new USD72m equity




Note: Deal values only include disclosed completed deals. Rumored, announced, or planned deals not included.

*USD1.00 = VND22,780.00