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
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Real Estate
CapitaLand successfully divested its Grade A office building in Hanoi for USD559m
Gia Duc Real Estate will receive USD52m funding from Novaland
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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
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Financial services
APG Securities Joint Stock Company announced a private placement of USD59m
SSB is offering shareholders rights to raise USD119m
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Agribusiness
PAN Group announced their plan to raise new USD72m equity
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Note: Deal values only include disclosed completed deals. Rumored, announced, or planned deals not included.
*USD1.00 = VND22,780.00