According to Vietnam M&A Forum, between 2009 and 2018, the total deal value reached $48.8 billion, with thousands of deals. In 2017, the value of M&A deals stood at $10.2 billion, setting up a new record. The following list is about the biggest deals over the decade in Vietnam.
ThaiBev and Sabeco:
ThaiBev acquired 53 per cent ($4.8 billion) of Saigon Beverage Company. This was the biggest M&A in the history of Vietnam, which made Vietnamese M&A market exceed the $10 billion milestone in 2017.
GIC and Vinhomes:
At the end of April 2018, Vinhomes and another Vingroup subsidiary signed agreements with Singaporean investment fund GIC Private Limited. Accordingly, GIC invested a total of $1.3 billion into Vinhomes by acquiring stakes and extended a debt-like instrument for Vinhomes to implement its projects.
Central Group and Big C:
In 2016, Central Group from Thailand successfully acquired Big C Vietnam with the price of $1 billion. This deal reaffirmed Central Group’s driving ambition in Vietnam’s retail market.
TCC Holdings and Metro Vietnam Cash & Carry:
Also in 2016, Metro Cash & Carry Group announced its transferring of the Metro Cash & Carry supermarket chain in Vietnam to TCC Holdings (Thailand).
Singha and Masan:
In 2015, Masan singed a strategic cooperation contract with Thailand’s Singha with the value of more than $1.1 billion, including new investment capital which permits Singha to own 25 per cent of Masan Consumer Holdings and 33.3 per cent of Masan Brewery.
Tokyo-Mitsubishi UFG and Vietinbank:
In December 2012, Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) announced that it had raised $743 million from a 20 per cent strategic stake sale to Bank of Tokyo-Mitubishi UFJ. This has been the biggest M&A deal so far in the Vietnamese banking sector.
Mondelez and Kinh Do:
To attain its goal of expanding to other sectors, KIDO Group decided to fully transfer its entire stake in its confectionary arm to foreign investor Modelez International for $380 million and used this sum to re-invest in new acquisition deals.
Mizuho and Vietcombank:
In September 2011, Vietcombank, the nation’s largest listed bank by market value, completed its four-year search for a strategic foreign investor by clinching a deal to sell a 15 per cent stake for $562 million to Japan’s Mizuho Corporate Bank Ltd. Notably, Mizuho is not only the first partner of Vietcombank, but also the only foreign strategic partner of the bank.
F&N and SCIC’s holdings at Vinamilk:
In December 2016, through the auction of Vinamilk’s stake held by SCIC, two subsidiaries of Singapore’s Fraser & Neave acquired 5.4 per cent valued at $500 million, increasing its ownership to 16.35 per cent.
Merging Vinpearl and Vincom to become Vingroup:
In October 2010, the Management Boards of Vinpearl and Vincom decided to merge these two enterprises to centre their resources in Vingroup - Vietnam’s leading economic group.