At the Vietnam M&A Forum 2020 lately held , the Ministry of Planning and Investment said that the coronavirus pandemic has impacted greatly on international investment and commerce activities. Due to the impact of Covid-19 and other unfavorable factors, the value of this year’s M&A market is estimated to decline to US$3.5 billion, equal to 48.6 percent compared to last year. There has been a pause in the market in the first nine months because of both subjective and objective but there will be more transactions later, said the real estate and investment management firm. However, there have been big deals worth over $500 million lately. Noticeably, Mitsubishi Corporation and Nomura Real Estate acquired 80 percent of Vingroup’s Grand Park project in District 9. A group of investors headed by KKR invested VND15.1 trillion, or $650 million, in Vinhomes to acquire 6 percent of shares. Lately, City Garden JSC and Swire Properties announced a partnership today to develop “The River” a luxury residential property in the Thu Thiem area in Ho Chi Minh City. This proves that investors have placed their trust in Vietnam’s macroeconomy and its recovery after the coronavirus pandemic. Value-add investors are seeking to generate heightened yields… Read full this story
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