Vietnam M&A market overview
On 4 August 2025, Mr. Laurent Nguyen, Partner & Head of Financial Advisory at Forvis Mazars Vietnam and Member of the APAC Financial Advisory Board, shared his outlook on Vietnam’s M&A landscape at the GBA Monthly Business Meeting.
Vietnam’s M&A Market Outlook
Global dealmaking recovered to US$3.7 trillion in 2024, with Q1 2025 already reaching US$1 trillion, while Vietnam cooled to US$5.7 billion in 2024 and US$2.1 billion across 180 transactions in H1 2025. Since 2021, five sectors accounted for 76% of disclosed value: financials, real estate, consumer, healthcare, and industrials.
Looking ahead to 2025, activity is expected to concentrate in three focus areas: urban infrastructure and real estate, technology and sustainability, and healthcare and education.
The summary introduces the market backdrop, key drivers such as policy support and rising public investment, and the headwinds investors are monitoring, including geopolitics, currency pressures, valuation, compliance, and regulatory change.
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