27/2/2026
Newsletter
The Vietnamese deal landscape in February 2026 remained modest, supported by cross-border strategic acquisitions in consumer brands and real estate development, alongside continued investment into digital infrastructure and early-stage technology platforms.
Aggregate disclosed deal value reached c. USD109m, anchored by a large consumer beauty acquisition and a Japanese strategic investment into a residential development project in Ho Chi Minh City.
Marico acquires 75% stake in Skinetiq
Marico South East Asia Corporation, a wholly owned subsidiary of Marico Limited, signed a definitive agreement to acquire a 75% equity stake in Skinetiq JSC, a Vietnamese direct-to-consumer beauty and personal care company, in a transaction valued at c. USD30 million. The acquisition strengthens Marico’s expansion into Southeast Asia’s fast-growing digital beauty segment.
Article link: Marico acquires 75% stake in Skinetiq
TheVentures completes buyout of Chicken Plus Vietnam
South Korean venture capital firm TheVentures completed the buyout of Chicken Plus Vietnam, transitioning from minority investor to full ownership of the Korean fried chicken franchise operator in Vietnam. Transaction value was not disclosed.
Article link: TheVentures completes buyout of Chicken Plus
Mitsubishi acquires Thuan An 1 residential project from Phat Dat
Mitsubishi Corporation acquired the Thuan An 1 residential development project from Phat Dat Real Estate Development Corporation in a transaction valued at c. USD73 million, forming a partnership to jointly develop the project in Ho Chi Minh City.
Article link: Mitsubishi acquires Thuan An 1 residential development from Phat Dat
Abu Dhabi-based G42, Vietnam consortium form USD1 billion data centre partnership
Abu Dhabi-based artificial intelligence and cloud computing company G42 partnered with a Vietnamese consortium comprising FPT Corporation and Viet Thai Group to develop sovereign AI and cloud infrastructure in Vietnam in a partnership valued at c. USD1 billion. The initiative will deploy large-scale cloud capacity across multiple data centre locations nationwide to support AI computing workloads and national digital infrastructure development.
Article link: Abu Dhabi-based G42, Vietnam consortium form USD1 billion data centre partnership
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.