Vietnam: M&A/Private Equity

Vietnam's M&A market has reached a new level of sophistication, with foreign investors increasingly acquiring existing Vietnamese businesses to gain immediate market access, operating licenses, and established infrastructure. Understanding the complex regulatory framework—spanning investment law, corporate governance, competition rules, and sector-specific requirements—is essential for successfully navigating acquisitions in one of Asia's most dynamic emerging markets.

In August 2026, Vietnam’s Ministry of Industry and Trade released a draft decree to replace Decree No. 35/2020/ND-CP detailing certain articles of the Competition Law (Decree 35). The key changes under the draft decree and their implications for M&A transactions in Vietnam are summarized below.

Vietnam's State Bank has issued Circular No. 38/2026/TT-NHNN, fundamentally modernizing the foreign-exchange framework for investment capital flows. The new regulation integrates the Vietnam International Financial Centre into the broader foreign-exchange architecture, permits capital remittances before investment registration procedures are completed, and introduces enhanced transparency requirements. How will these changes affect foreign investors' funding strategies and compliance obligations?

Business cooperation contracts (BCCs) have become an increasingly utilized tool for collaboration between developers and school operators...

On 26 June 2025, the National Assembly of Vietnam officially enacted the Personal Data Protection Law (PDPL), which will come into force on 1 January 2026.

This section generally discusses private companies such as joint stock companies ("JSC"), single member limited liability companies ("SMLLC") and multi-member limited liability companies ("MMLLC").

In letzter Zeit haben wir intensiv an M&A-Transaktionen in den Bereichen Immobilien, Energie, Risikokapital sowie an Investitionsprojekten mit China-Bezug in Vietnam mitgewirkt.

Recently, we have been intensively working on M&A deals in real estate, energy sectors, venture capital and Chinese related investment projects in Vietnam.

In this article, we will mention some existing problems in the process of carrying out M&A approval procedures of Companies.