Vietnam’s October M&A Deals Approach $1 Billion; Two Transactions Account for Over 70%

Grant Thornton’s October 2026 M&A brief shows that Vietnam recorded 24 deals that month. Values were disclosed or estimated for 19 of them, totaling about $997.4 million. By number of deals, consumer goods and finance led with four each; by value, real estate and consumer goods transactions totaled nearly $844 million, or about 85% of the disclosed or estimated deal value.

The month’s largest transaction involved an internal ownership adjustment by Masan Group (Tập đoàn Masan). Its subsidiary, Công ty Cổ phần Đầu tư Lepus, bought 73 million Masan Consumer shares between October 9 and 23, equivalent to 5.584% of Masan Consumer’s charter capital. Based on a provisional price of VND 140,000 per share at completion, the deal was worth about VND 10.2 trillion, approximately $392.3 million according to the original report. After the transaction, Masan Group’s stake in Masan Consumer rose from about 69.4% to 74.9%.

Another major transaction was Hòa Phát Group’s (Tập đoàn Hòa Phát) strategic investment of about VND 9.915 trillion in Tập đoàn Tương Lai Sông Hồng through a share swap, approximately $381 million according to the original report. After the transaction, Hòa Phát Group held a 25.13% stake in Tập đoàn Tương Lai Sông Hồng, which in turn became the controlling shareholder of Hòa Phát Real Estate Development with a stake of about 73.5%.

Vietnam’s M&A deal value approached $1 billion in October 2026.（VietVance）

Together, the two transactions were worth about $773.3 million, accounting for roughly 77.5% of the month’s total M&A deal value. Excluding restructuring and related-party transactions, October saw 19 independent deals totaling about $562.7 million. Real estate accounted for about $429.5 million, or 76% of the independent deal value. The month’s five restructuring and related-party transactions had an estimated value of $434.7 million, about 44% of the market total.

Source: VietVance