In the context of global economic uncertainty, Vietnam still emerges as an attractive investment destination in Asia thanks to its stable macroeconomic foundation, open-door policy and long-term growth potential. This has spurred strong interest from international investors, especially in the real estate sector - which is witnessing a boom in large-scale mergers and acquisitions (M&A) deals.

Real estate M&A: Impressive growth trend

According to the latest data from the Ministry of Finance, in the first 7 months of 2025, total registered FDI capital in Vietnam reached more than 24 billion USD - an increase of 27.3% over the same period last year. Among them, the activitiesM&A activities account for a significant proportion, reflecting the trend of shifting investment from direct forms to acquisition or joint venture strategies.

The real estate sector continues to lead in both quantity and value of transactions. Notably, many large deals carried out by foreign investors took place in the first half of the year, typically Capitaland acquired a project in Binh Duong from Becamex IDC with a value of about 553 million USD, or a Japanese joint venture - including Sumitomo Forestry, Kumagai Gumi and NTT Urban Development - cooperated with Kim Oanh Group to develop large-scale projects in the South.

The increasing presence of investors from Japan, Korea, Singapore, along with the emergence of capital flows from the US and Europe, shows that Vi�Vietnam is attracting strategic capital flows, has a long-term vision and requires high standards in project implementation.

Restructuring the market and improving development quality

The increase in activity M&A activities not only help reallocate resources effectively but also open up opportunities to "revive" projects that are behind schedule or facing financial difficulties. According to Dr. Nguyen Van Dinh - Chairman of the Vietnam Real Estate Brokers Association, the current M&A wave is acting as a catalyst, promoting the process of restructuring the real estate industry, clearing frozen land funds, thereby helping the market regain the momentum of sustainable development.

DongAt the same time, cooperation and joint venture deals also create conditions for domestic businesses to access international governance standards, improve project development capacity, increase transparency and the ability to mobilize capital from traditional non-credit channels.

Potential risk: "Dark side" needs to be checked control

However, besides obvious opportunities, M&A activities also pose some risks if not closely monitored. Some experts warn that the market may face the risk of "hidden takeovers" through undisclosed deals or low valuations, especially in the context that many domestic businesses are under financial pressure.

The lack of transparencyTransparency in some transactions can also create instability, distorting the pricing mechanism and resource allocation in the market. This is the reason why experts believe that it is necessary to urgently complete the legal corridor for M&A activities, including control mechanisms, information disclosure and protection of domestic business interests.

Strategic direction for Vietnam's real estate M&A market

In general, M&A is becoming an essential part in the process of transforming and upgrading the Vietnamese real estate market. To make the most of the new investment wave, there needs to be close coordination between management agencies and businesses in improving transparency and perfecting investment policies.Streamline and strengthen governance capacity.

If properly oriented and effectively controlled, M&A deals not only bring new development resources but also help Vietnam approach international standards, building a transparent, stable and sustainable real estate market in the long term.