M&A
FDI Firms Hold 0.17% of Vietnam's Equity Market as IPO Path Opens
SSC confirms FIE IPO policy consensus on June 11 — but FDI stocks are just 0.17% of market value despite the sector driving 70% of exports and 20% of GDP.
Vietnam Private Capital Hits $4.5B Record as Exits Stall
Vietnam deployed $4.5B in private capital across 149 deals in 2025 — yet no VC or PE-backed company has exited via IPO in over five years.
Decree 324 Lifts M&A Cap as 50% Control Trigger Looms
Decree 324 removes foreign ownership caps and M&A registration for most VIFC deals — but Article 6.2's 50% threshold redefines a buyer's mainland Vietnam investment rights permanently.
Law 150 Opens VIFC Court to Foreign Judges and Foreign Law
Law 150/2025/QH15, effective 1 January 2026, creates Vietnam's first state court eligible to seat foreign judges and apply foreign law — but an undefined 'public order' carve-out creates uncertainty.
VIFC's Four Operational Tests That Incentives Cannot Pass
A MoF policy economist names four operational tests that will determine whether VIFC-HCMC becomes a real IFC — and three product niches where Vietnam can outflank Singapore.