23/4/2026
Newsletter
The Vietnamese deal landscape in March 2026 remained active, supported by continued cross-border M&A, domestic capital deployment, and strategic stake-building across financial services, real estate, and emerging mobility platforms.
Activity was characterized by foreign investors expanding into fintech and hospitality assets, alongside local corporates consolidating positions in securities firms and distribution networks. In parallel, early-stage and growth capital continued to support technology and clean energy platforms.
De Heus completes acquisition of CJ Feed & Care
Dutch agribusiness group De Heus completed the acquisition of CJ Feed & Care from CJ CheilJedang, taking over 17 animal feed mills and related operations across Asia including Vietnam. The transaction value was not disclosed.
Article link: De Heus completes acquisition of CJ Feed & Care
SmartSolar secures debt funding round
SmartSolar completed a debt financing round to support the deployment of rooftop solar solutions in Vietnam, targeting commercial and industrial clients. The transaction value was not disclosed.
Article link: SmartSolar secures debt funding round
Kredivo acquires digital bank Timo
Indonesia-based fintech Kredivo Group acquired a 100% stake in Timo, a Vietnamese digital banking platform, in an undisclosed transaction. Kredivo plans to invest approximately USD15 million over three years to expand its integrated lending and digital banking ecosystem in Vietnam.
Article link: Kredivo acquires digital bank Timo
Capella Group acquires stake in DNSE Securities
Capella Group acquired 42.1 million shares (approximately 9.8% stake) in DNSE Securities, becoming a major shareholder in the technology-focused brokerage. Transaction value was not disclosed
Article link: Capella Group acquires stake in DNSE Securities
Kido Foods increases stake in Rong Viet Securities
Kido Foods acquired additional shares in Rong Viet Securities (VDS), increasing its ownership to over 20%, including a approximately VND80 billion (USD3.2 million) transaction for a 5 million share block.
Article link: Kido Foods increases stake in Rong Viet Securities
Singapore investor acquires 5-star hotel in northern Vietnam
Singapore-based ASB HPL North Asia acquired the Hotel Perle D’Orient Cat Ba (Hai Phong) from Truong Binh Minh JSC for USD38 million, marking a cross-border hospitality asset acquisition.
Article link: Singapore investor acquires 5-star hotel in northern Vietnam
Thien Viet Securities invests in Dat Bike (Series B)
Thien Viet Securities invested USD4 million in Vietnamese electric motorbike manufacturer Dat Bike as part of its Series B funding round, supporting production expansion, R&D, and supply chain development.
Article link: Thien Viet Securities invests in Dat Bike (Series B)
Haxaco acquires 65% stake in VinFast dealership operator
Haxaco agreed to acquire 65% of Viet Future Group, an operator of VinFast dealership networks across Vietnam, becoming the controlling shareholder. Transaction value was not disclosed.
Article link: Haxaco acquires 65% stake in VinFast dealership operator
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.