According to the Ho Chi Minh City Department of Finance, capital contributions, equity acquisitions, and share purchases accounted for the largest share, reaching $2.33 billion.
Among them, 783 new foreign-invested projects were approved with total registered capital exceeding $1.09 billion; 107 existing projects increased capital by $430.2 million.
Capital contributions, equity acquisitions, and share purchases continued to account for a large proportion of the city's foreign investment inflow. In the first five months, there were 747 transactions of foreign investors acquiring stakes in domestic enterprises, with total registered capital exceeding $2.3 billion.
According to the department, several notable capital contribution and share acquisition deals were recorded during the period. Among them, Indonesian investor Harianto Sudano Kusma contributed over $1.7 billion to VLD Investment Finance Joint Stock Company.
Additionally, Vietnam Momo Group Co., Ltd. contributed over $64.3 million to Bibica Capital Joint Stock Company. Meanwhile, Times Elevator Co., Ltd. invested over $41.4 million in VGSI Elevator Co., Ltd.
Another notable transaction involved Vietnam Creadivo Joint Stock Company, which contributed nearly $34.4 million to Vietnam Timo Joint Stock Company. At the same time, Chinese investors Zhang Shuting and Yang Chao jointly contributed over $20.2 million to Vietnam Hongyi International Co., Ltd.
According to Grant Thornton Vietnam, besides new FDI projects, the M&A market in Ho Chi Minh City and surrounding areas continued to witness a series of significant transactions across multiple sectors including energy, logistics, healthcare, manufacturing, and tourism.
For example, in healthcare, Dawn Medical Technology Company, a commercial platform for medical technology within the Central Bahrain Group ecosystem, completed the acquisition of a controlling stake in Summit Health Company.
Founded in 2015, Summit Health has grown into one of Vietnam's leading medical device distributors, offering integrated solutions covering sales, marketing, and regulatory support. This transaction marks Central Bahrain Group's first entry into the Southeast Asian medical technology market. The transaction amount was not disclosed.
In logistics and infrastructure, CJ Logistics Hong Kong Holdings Ltd. signed an agreement to acquire the remaining 49.1% stake in Gemadept Logistics Holdings Co., Ltd. from Gemadept Corporation. After completion, CJ Logistics Hong Kong Holdings will achieve 100% ownership, transforming the company from a joint venture into a wholly owned subsidiary.
This move is expected to strengthen the group's control over its Vietnam operations and fully integrate its platform into the regional logistics network. The transaction amount was not disclosed.
Meanwhile, in manufacturing, Norfund, a Norwegian development finance institution, invested $4 million in equity in Circular Plastics Vietnam through its Singapore parent company Circular Plastics International, to support the expansion of a recycling plant in southern Vietnam.
The investment will help increase annual capacity to 31,000 tonnes of PET flakes and 14,000 tonnes of food-grade recycled PET pellets, serving both the domestic market and European export destinations.
Founded in 2019 and operating in Vietnam since 2023, Circular Plastics Vietnam focuses on plastic recycling based on circular economy principles. Norfund is owned by the Norwegian government and specializes in long-term investments in sustainable enterprises in emerging markets.
In the tourism and hospitality sector, Suchart Chiararusati, founder of Singapore-based SC Capital Partners, recently completed the acquisition of Retreat Holdings Ltd., the operator of Vietnam's Fusion Hotel Group.
The transaction was completed in March with the amount undisclosed.
This acquisition is an important milestone for the next phase of expansion of the Fusion Group, leveraging SC Capital Partners' investment management platform and extensive industry expertise. Under the development plan, Fusion Group's hotel portfolio will be integrated with two other brands—HMJ in Japan and Topotels in Indonesia.
The strategic alliance is expected to manage approximately 16,000 rooms across four key growth markets in Asia, supported by a team of over 100 hospitality management professionals.
Ho Chi Minh City has set a target of attracting $11 billion in foreign direct investment for the full year. To achieve this, the city will continue to closely monitor and accelerate the implementation of key projects, especially large-scale projects with significant capital commitments.
Priority will also be given to administrative reforms, streamlining investment procedures, and strengthening coordination among relevant agencies to improve the overall investment environment and facilitate project execution.
Vietnam's Ho Chi Minh City attracts over $3.8 billion in foreign investment in first five months
