HANOI: Real estate mergers and acquisitions (M&As) in Vietnam continue to draw steady interest from foreign investors, according to insiders.
While the headline values of announced deals have tended to remain modest, these figures do not fully reflect the scale of actual capital commitments as investor focus is increasingly shifting towards development opportunities and long-term, strategic partnerships.
Research by Savills showed that amid an uneven recovery of real estate investment across the Asia-Pacific region, Vietnam has emerged as an increasingly favoured destination.
This is underpinned by a stable macroeconomic environment, sustained inflows of foreign direct investment (FDI), and legal reforms gradually proving effective.
This trend is clearly reflected in Vietnam’s real estate M&A landscape.
Although market activity remained relatively vibrant throughout 2025, with the active participation of foreign investors, the disclosed values of many transactions were not particularly high.
Experts noted that this should not be interpreted as a sign of market weakening, but rather as a consequence of changes in deal structures and investment strategies.
Neil MacGregor, managing director of Savills Vietnam, said that M&A activity had gained momentum over the past two years as the market adapted to the 2024 Land Law, alongside the amended Housing Law and Law on Real Estate Business.
Together, “these regulations provided a clearer and more transparent legal framework” for investors.
At the same time, the supply of income-generating assets remained limited, prompting most M&A activity to concentrate on development projects rather than cash-flow assets. — Viet Nam News/ANN
