The M&A activity bustling in the first half of the year
Mergers & Acquisitions (M&A) activities within the Vietnam real estate market continued to witness strong momentum in the third Quarter of 2017 with an increased number of transactions in commercial and residential sectors.
In September 2017, VinaLand Limited, one of the real estate branches of Vina Capital, divested its entire stake in the Vina Square Project – a 3-hectare development land site in District 5 in Ho Chi Minh city to Tri Duc Real Estate Company for net cash proceeds of approximately US$41.2 million in which included the repayment of shareholder loans, resulting in an IRR of 3.3% to VinaLand.
AZ Lam Vien Complex.
|
Although residential and commercial transactions dominated M&A activities in this quarter, an industrial transaction was recorded, in which Ascendas-Singbridge transferred its 0.3-hectare land plot in Ascendas-Protrade Singapore Tech Park (APSTP) to Koan Hao Technolgy – a Taiwanese manufacturer of self-adhesive labels. APSTP is a 500-hectare new generation industrial park in Binh Duong Province, that provides industrial spaces from prepared land parcels, ready-built factories and other tailor-made solutions.
It is anticipated that the following quarters will continue to see strong demands from a wide range of investors seeking to make the cut in the Vietnam real estate market, especially from Japan, South Korea, Singapore, Hong Kong and mainland China. With fierce competition and limited supply of good quality stock, the market will witness further real estate M&A transactions as investors seek ways to deploy capital quickly and efficiently.
14:43, 2024/11/18
Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
The Vietnamese leader urges the aircraft manufacturer to collaborate on technology transfer, airport construction and operation, research, and investment in Vietnam.
21:55, 2024/10/22
Better links with FDI firms to support Hanoi businesses
Hanoi will continue to focus on quality projects, especially with partners such as Japan, the United States, and Europe to boost technology transfer.
15:24, 2024/09/24
Vietnam calls for more US investment in innovation, hi-tech
The Vietnamese leader called on relevant agencies to resolve any challenges faced by investors and enhance the investment climate to encourage greater US investment in Vietnam.
14:13, 2024/09/23
Vietnamese leader urges Boeing to build production facility in Vietnam
Boeing is committed to continuing to support the development of Vietnam's aviation ecosystem, focusing on aviation infrastructure, human resources training, airport construction, and aircraft maintenance facilities.
14:38, 2024/09/17
Foreign capital pouring into Vietnam's real estate market
Experts are optimistic that the 2024 Land Law, once enacted, will help resolve legal bottlenecks and attract more FDI.
16:27, 2024/08/24
Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years