tk88 bet

Domestic enterprises make imprints on real estate M&A market

The domestic real estate market has bottomed out and is gradually making a U-turn, promising a brighter outlook this year with mergers and acquisitions (M&A) bouncing back.
Apartment buildings on Nguyen Huu Canh street in Binh Thanh district of Ho Chi Minh City. (Photo: VNA)
Apartment buildings on Nguyen Huu Canh street in Binh Thanh district of Ho Chi Minh City. (Photo: VNA)

Hanoi (VNA) - The domestic real estate market has bottomed out and is gradually making a U-turn, promising a brighter outlook this year with mergers and acquisitions (M&A) bouncing back.

Unlike 2023 when M&A activities were dominated by foreign firms, 2024 is witnessing a notable comeback of domestic enterprises, leaving a significant mark in the industry.

Restructuring efforts by domestic companies have created significant opportunities for strong investors to acquire potential projects.

Khang Dien House Trading and Investment JSC (KDH) has approved a plan for its subsidiary, Saphire Real Estate Trading Investment Co., Ltd, to acquire 99% of the charter capital worth 350 billion VND (13.75 million USD) of Loc Minh Real Estate Investment JSC, thereby owning a 1.9-hectare land plot in Ho Chi Minh City’s Thu Duc city.

Hai Phat Investment JSC (HPX) plans to spend over 434 billion VND to secure 99.8% of the charter capital of Ky Son Green Investment Development JSC, thus joining a 35-ha Dao Ngoc resort villa project in the northern province of Hoa Binh.

Ha Do Group JSC (HDG) has a plan to carry out many M&A deals in order to collect land for urban area projects in the northern provinces of Hung Yen, Thai Binh, Nam Dinh, and Quang Ninh, aiming to expand its multi-sector operations.

Meanwhile, Nam Long Investment Corporation (NLG) highlights M&A as one of its key strategies for this year to lure partners to its projects.

The market has also witnessed a series of cooperation projects between domestic firms and foreign investors through M&A deals.

Notably, Gamuda Land acquired a 3.68-ha project from Tam Luc Real Estate Corporation in HCM City, while Sky World Development Berhad spent 14.3 million USD on purchasing a land plot from Thuan Thanh JSC. CapitaLand acquired an 18.9-ha urban area project in the southern province of Binh Duong from Becamex IDC, and a 4,000-apartment project in Hanoi.

Kim Oanh Group inked a cooperation agreement with Surbana Jurong of Singapore, while Hung Thinh partnered with Marubeni Group of Japan to implement a new administrative centre project in HCM City. First Real Land acquired a 22% stake of Bach Dang Trading and Services JSC’s charter capital to own a land plot worth 8.2 million USD in the central city of Da Nang.

According to Trang Bui, General Director of Cushman & Wakefield, new regulations help resolve obstacles for real estate projects, making it easier for enterprises to expand their markets and set up partnerships.

The domestic real estate market is expected to welcome a big foreign investment influx in 2024 - 2026, especially projects with legitimate ownership rights and substantial development potential, she said, noting that many transactions are currently in positive negotiation stages.

Sharing Trang’s opinion, S𒁏enior Director, Advꦬisory Services at Savills Vietnam Do Thu Hang predicted that M&A activities are likely to thrive this year, even 2025./.

VNA
#mergers and acquisitions (M&A) #real estate #strong investors #domestic enterprises #Dao Ngoc resort villa project

See more

Fuel prices surge from 3pm on June 19 (Photo: VNA)

Fuel prices surge from 3pm on June 19

The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
Vietnamese Ambassador to Germany Vu Quang Minh (right) thanks Selgros Lichtenberg CEO Marco Berger for creating conditions for Vietnamese agricultural products to reach German customers (Photo: VNA)

Vietnamese Goods Da👍y promotes Bac Giang lychees in Germany

While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
An article published by Cuba’s Inter Press Service (IPS) spotlights the promising results of a unique rice cooperation model with Vietnam, as Cuba ramps up efforts to improve national food security. (Photo: Screenshot)

Vietnam–Cuba rice partnership setﷺs new model for sustainable food securi⛎ty: media

The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
Algerian delegates explore Vietnamese products showcased at the event (Photo: VNA)

Vietnam seeks to expand trade ties with Algeria

During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
The Lao Bao (Vietnam) – Densavan (Laos) international border gate (Photo: VNA)

'Single-Stop&apo🔥s; procedure at Lao Bao–Densavan border gate halted

Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
ITM Semiconductor Vietnam Co., Ltd. in VSIP Industrial Park, Tu Son, Bac Ninh has always been given favorable conditions by the locality for production and business. (Photo: VNA)

Bac Ninh exerts efforts to ensur♊e businesses thrive

To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
Vietnamese Ambassador to Sweden (second, from left) Tran Van Tuan meets with representatives of H&M. (Photo: moit.gov.vn)

H&M, N🔥ordic businesse꧒s seek suppliers in Vietnam

The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|