Investors from Singapore, South Korea, Taiwan, Japan and Malaysia invested about $1.4 billion in merger and acquisition (M&A) deals in Vietnam's real estate sector in the first seven months of this year.
In the period, the M&A market value in Vietnam neared $3.2 billion, down 62% from the same period last year, according to Dao Thien Huong, Deputy General Director of EY Consulting Vietnam JSC.
She said that 92% of the buyers of M&A deals in real estate in Vietnam are foreign investors, mostly from Taiwan, Singapore and South Korea.
According to Huong, currently many M&A deals in the real estate sector are under negotiations. However, the process has encountered many difficulties, including those in the legal corridor regarding foreign investors’ owning of real estate in Vietnam.
Lawyer Ngo Thi Van Quynh, Director of An Legal company, said that the complicated legal procedure is one of the major reasons behind the slow progress of M&A deals, which has caused an increase in time and cost needed. Quynh said that she hopes from 2024, M&A projects in real estate sector will become more bustling.
