Private Equity Guide 2022

1. Transaction Activity

1.1 M&A Transactions and Deals

Small Volume, Large Potential

Vietnam is still a relatively nascent market for private equity (PE). Deal sizes are often small (although getting bigger) and transaction struc­turing and procedures are complex and time-consuming.

As in many other jurisdictions, 2022 has been a very challenging year for PE investors in Viet­nam. The global impact of COVID-19 has been severe, and while Vietnam has managed the pandemic commendably, the vaccination roll-out remains, at the time of writing, in its early stages. The authorities are also being compelled to strictly control a more widespread pandemic resurgence, resorting to travel restrictions (both domestic and international), quarantine, social distancing, stay-at-home orders, and curfews.