4/5/2026
Newsletter
April 2026 was Vietnam’s busiest deal month of the year to date, activated by FTSE Russell’s 8 April confirmation that Vietnam will join its emerging market indices in September 2026. Deal flow spanned 10 sectors, with disclosed values across financial services, energy, manufacturing, and healthcare - reflecting both the market upgrade tailwind and Vietnam’s structural role as a global manufacturing and investment destination.
NTPM Holdings divests Vietnam tissue unit to Arch Peninsula for USD32 million
On 19 April 2026, Malaysia’s NTPM Holdings Bhd (Bursa: NTPM) agreed to divest its entire stake in NTPM (Vietnam) Co. Ltd — a tissue and related products manufacturer — to Arch Peninsula Sdn Bhd (APSB) for USD32 million cash.
Article link: NTPM Holdings divests Vietnam tissue unit to Arch Peninsula for USD32 million
Shenzhen Highpower Technology injects USD111.39 million into Vietnam manufacturing hub via Hong Kong intermediary
On 27 April 2026, Shenzhen Highpower Technology Co., Ltd. announced a capital allocation of USD111.39 million to its wholly-owned subsidiary, Hong Kong Highpower International Co., Ltd. The funding is earmarked for onward investment over the next five years into the group's Vietnamese manufacturing sub-subsidiary, Vietnam Jingchuang Technology Co., Ltd. The capital injection will expand clean energy and battery production capacity at Highpower’s primary overseas manufacturing hub to support international market growth.
Source: S&P Capital IQ
AG&P LNG agrees to acquire 100% of Cai Mep LNG Terminal from Hai Linh
On 21 April 2026, AG&P LNG (a subsidiary of Nebula Energy) announced it had agreed to acquire the remaining 51% stake in Cai Mep LNG Terminal Company from Hai Linh Co. Ltd, bringing its ownership to 100% following its initial 49% acquisition in 2024. Transaction value was not disclosed and remains subject to regulatory approvals.
Article link: AG&P LNG agrees to acquire 100% of Cai Mep LNG Terminal from Hai Linh
TTC Land acquires Thanh Thanh Nam (TTN) via all-share swap
At TTC Land’s (HOSE: SCR) 2026 AGM on 23 April 2026, shareholders approved the issuance of up to 186 million new SCR shares (2.2:1 swap ratio; SCR at VND10,719, TTN at VND23,790) to acquire a 99.6% stake in Thanh Thanh Nam (TTN), a TTC Group affiliate operating c. 42,000 sqm of leasable commercial and office space.
Article link: TTC Land acquires Thanh Thanh Nam (TTN) via all-share swap
Foxconn invests an additional USD58.32 million into Fushan Technology (Vietnam) for manufacturing expansion
On 15 April 2026, Foxconn announced an additional USD58.324 million investment into its wholly-owned Bac Ninh-based subsidiary, Fushan Technology (Vietnam) Co., Ltd., through its intermediate subsidiary Chief Expertise Limited. The capital will fund an ongoing expansion at the VSIP Bac Ninh industrial park factory, which includes launching a new production line for up to 100,000 unmanned aerial vehicles (UAVs) per year starting April 2026, and increasing smartphone manufacturing capacity to 140 million units per year.
Article link: Foxconn invests an additional USD58.32 million into Fushan Technology (Vietnam) for manufacturing expansion
OKX Ventures and HashKey invest in Vietnam crypto exchange CAEX
On 10 April 2026, OKX Ventures and HashKey Capital invested in CAEX (within the VPBank ecosystem, alongside founding shareholders VPBank Securities and LynkiD) to enable CAEX to meet the VND10 trillion (c. USD380 million) minimum charter capital threshold for Vietnam’s pilot licensed crypto programme under Resolution 05/2025/NQ-CP; individual investment amounts were not disclosed.
Article link: OKX Ventures and HashKey invest in Vietnam crypto exchange CAEX
Ascentium Vietnam formed following acquisition of Dezan Shira & Associates
On 22 April 2026, Singapore-headquartered Ascentium announced the completion of its acquisition of Dezan Shira & Associates’ Vietnam operations, consolidating them with InCorp Vietnam into a single rebranded entity, Ascentium Vietnam, with about 150 professionals across Ho Chi Minh City, Hanoi, and Da Nang — making it one of the largest non-audit corporate services firms in the country; transaction value was not disclosed.
Article link: Ascentium Vietnam formed following acquisition of Dezan Shira & Associates
TechCoop’s domestic trading arm secures USD11.75 million senior loan from Symbiotics
On 15 April 2026, Farmnet Company Limited - the domestic trading arm of Vietnamese integrated agritech platform TechCoop - announced the disbursement of a USD11.75 million senior secured loan from Geneva-based impact investment firm Symbiotics, the first offshore institutional loan raised by a Vietnam-incorporated TechCoop entity; proceeds will fund working capital supporting higher trading volumes across cooperatives and agri-SMEs in 28 provinces. The facility is part of TechCoop’s broader capital strategy ahead of a planned Series B equity raise later in 2026.
Article link: TechCoop’s domestic trading arm secures USD11.75 million senior loan from Symbiotics
CBC-backed Dawn Medical Technologies acquires controlling stake in Pinnacle Health Equipment
On 22 April 2026, Singapore-based Dawn Medical Technologies completed the acquisition of a controlling stake in Pinnacle Health Equipment Joint Stock Company, a Vietnam-based distributor of medical devices representing manufacturers including Medtronic, GE Healthcare, and Philips, founded in 2015; the deal - funded by healthcare-focused asset manager CBC Group - gives Dawn an immediate Vietnamese presence through Pinnacle’s sales network, tendering capabilities, and hospital relationships; founder Jade Le will remain as an equity partner. Transaction value was not disclosed.
Article link: CBC-backed Dawn Medical Technologies acquires controlling stake in Pinnacle Health Equipment
Note: (1) Deal values include disclosed announced & closed deals with amounts restricted to the local scene i.e., amounts related to the Vietnam entity and/or business. Rumored deals are not included. Cross-posted deals are also adjusted to avoid double counting.