{"id":23642,"date":"2026-01-29T18:07:31","date_gmt":"2026-01-29T11:07:31","guid":{"rendered":"https:\/\/b-company.jp\/?p=23642"},"modified":"2026-01-29T18:07:31","modified_gmt":"2026-01-29T11:07:31","slug":"summary-of-outstanding-ma-deals-in-vietnam-in-2025","status":"publish","type":"post","link":"https:\/\/b-company.jp\/ja\/summary-of-outstanding-ma-deals-in-vietnam-in-2025\/","title":{"rendered":"2025\u5e74\u306e\u30d9\u30c8\u30ca\u30e0\u306b\u304a\u3051\u308b\u6ce8\u76ee\u306eM&amp;A\u53d6\u5f15\u306e\u6982\u8981"},"content":{"rendered":"<div class=\"vc_row wpb_row vc_row-fluid\"><\/div><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><\/div><\/div><\/div><div class=\"vc_message_box vc_message_box-standard vc_message_box-rounded vc_color-info\" ><div class=\"vc_message_box-icon\"><i class=\"fas fa-info-circle\"><\/i><\/div><p><em>2008\u5e74\u306b\u8a2d\u7acb\u3055\u308c\u3001\u30d9\u30c8\u30ca\u30e0\u306b\u304a\u3051\u308b\u65e5\u7cfb\u521d\u306e\u672c\u683c\u7684\u306a\u5e02\u5834\u8abf\u67fb\u30b5\u30fc\u30d3\u30b9\u4f01\u696d\u3068\u3057\u3066\u3001\u696d\u754c\u30ec\u30dd\u30fc\u30c8\u3001\u696d\u754c\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3001\u6d88\u8cbb\u8005\u8abf\u67fb\u3001\u30d3\u30b8\u30cd\u30b9\u30de\u30c3\u30c1\u30f3\u30b0\u306a\u3069\u5e45\u5e83\u3044\u30b5\u30fc\u30d3\u30b9\u3092\u63d0\u4f9b\u3057\u3066\u304d\u307e\u3057\u305f\u3002<\/em><\/p>\n<p><em>\u672c\u30b3\u30e9\u30e0\u300c\u30d9\u30c8\u30ca\u30e0\u30d6\u30ea\u30fc\u30d5\u30a3\u30f3\u30b0\u300d\u3067\u306f\u3001B&amp;Company\u306e\u82e5\u624b\u8abf\u67fb\u54e1\u304c\u3001\u30d9\u30c8\u30ca\u30e0\u306e\u7523\u696d\u30c8\u30ec\u30f3\u30c9\u3001\u6d88\u8cbb\u8005\u52d5\u5411\u3001\u793e\u4f1a\u306e\u52d5\u304d\u306a\u3069\u306e\u30c8\u30d4\u30c3\u30af\u306b\u3064\u3044\u3066\u30bf\u30a4\u30e0\u30ea\u30fc\u306b\u767a\u4fe1\u3057\u3066\u3044\u304d\u307e\u3059\u3002<\/em><\/p>\n<p><em>\u672c\u8a18\u4e8b\u306f\u82f1\u8a9e\u3067\u4f5c\u6210\u3055\u308c\u3066\u304a\u308a\u3001\u4ed6\u8a00\u8a9e\u7248\u306f\u81ea\u52d5\u7ffb\u8a33\u3092\u5229\u7528\u3057\u3066\u3044\u307e\u3059\u3002\u6b63\u78ba\u306a\u5185\u5bb9\u306b\u3064\u304d\u307e\u3057\u3066\u306f\u3001\u82f1\u8a9e\u7248\u8a18\u4e8b\u3092\u3054\u53c2\u7167\u304f\u3060\u3055\u3044\u3002\u5f0a\u793e\u306f\u3067\u304d\u308b\u9650\u308a\u6b63\u78ba\u306a\u60c5\u5831\u306e\u63d0\u4f9b\u306b\u52aa\u3081\u3066\u304a\u308a\u307e\u3059\u304c\u3001\u672c\u8a18\u4e8b\u306e\u3054\u5229\u7528\u306f\u5229\u7528\u8005\u3054\u81ea\u8eab\u306e\u5224\u65ad\u3068\u8cac\u4efb\u306e\u3082\u3068\u3067\u304a\u9858\u3044\u3044\u305f\u3057\u307e\u3059\u3002\u307e\u305f\u3001\u672c\u8a18\u4e8b\u306b\u8a18\u8f09\u3055\u308c\u3066\u3044\u308b\u8003\u5bdf\u3084\u5c06\u6765\u5c55\u671b\u7b49\u306f\u3001\u5404\u7814\u7a76\u8005\u306e\u500b\u4eba\u7684\u306a\u898b\u89e3\u306b\u57fa\u3065\u304f\u3082\u306e\u3067\u3059\u3002 <\/em><\/p>\n<\/div>\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t\n\t\t<\/div>\n\t<\/div>\n<p>2025\u5e74\u306e\u30d9\u30c8\u30ca\u30e0\u306eM&amp;A\u5e02\u5834\u306f\u3001\u529b\u5f37\u3044\u56de\u5fa9\u529b\u3068\u6226\u7565\u7684\u6210\u719f\u3092\u793a\u3057\u3001\u6771\u5357\u30a2\u30b8\u30a2\u306e\u6295\u8cc7\u74b0\u5883\u306b\u304a\u3051\u308b\u5909\u9769\u306e\u5e74\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u4e00\u9023\u306e\u753b\u671f\u7684\u306a\u53d6\u5f15\u306f\u3001\u81ea\u52d5\u8eca\u3001\u6d88\u8cbb\u8ca1\u3001\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u3001\u4e0d\u52d5\u7523\u3001\u30d8\u30eb\u30b9\u30b1\u30a2\u3001\u88fd\u9020\u696d\u3001\u518d\u751f\u53ef\u80fd\u30a8\u30cd\u30eb\u30ae\u30fc\u3068\u3044\u3063\u305f\u5206\u91ce\u306b\u304a\u3044\u3066\u3001\u30d9\u30c8\u30ca\u30e0\u304c\u5916\u56fd\u76f4\u63a5\u6295\u8cc7\u306e\u4e3b\u8981\u306a\u6295\u8cc7\u5148\u3068\u3057\u3066\u306e\u5f79\u5272\u3092\u307e\u3059\u307e\u3059\u62e1\u5927\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u6d6e\u304d\u5f6b\u308a\u306b\u3057\u307e\u3057\u305f\u3002\u672c\u7a3f\u3067\u306f\u30012025\u5e74\u306e\u6700\u3082\u91cd\u8981\u306a\u53d6\u5f15\u3092\u632f\u308a\u8fd4\u308a\u3001\u305d\u308c\u3089\u304c\u30d9\u30c8\u30ca\u30e0\u306e\u9032\u5316\u3059\u308bM&amp;A\u3068\u6295\u8cc7\u306e\u3042\u308a\u65b9\u3092\u3069\u306e\u3088\u3046\u306b\u5f62\u4f5c\u3063\u3066\u304d\u305f\u304b\u3092\u691c\u8a3c\u3057\u307e\u3059\u3002<\/p>\n<h3><strong>\u5e02\u5834\u6982\u8981\u3068\u4e3b\u8981\u30c8\u30ec\u30f3\u30c9<\/strong><\/h3>\n<p>2025\u5e74\u306e\u6700\u521d\u306e10\u30f6\u6708\u672b\u307e\u3067\u306b\u3001\u30d9\u30c8\u30ca\u30e0\u306eM&amp;A\u5e02\u5834\u306f218\u4ef6\u306e\u53d6\u5f15\u3092\u8a18\u9332\u3057\u3001\u305d\u306e\u7dcf\u984d\u306f23\u5104\u7c73\u30c9\u30eb\u306b\u9054\u3057\u305f\u3002<a href=\"#_ftn1\" name=\"_ftnref1\">[1]<\/a> 2024\u5e74\u306e\u540c\u6642\u671f\u306b\u306f220\u4ef6\u4ee5\u4e0a\u306e\u53d6\u5f15\u304c\u3042\u308a\u3001\u305d\u306e\u7dcf\u984d\u306f32\u5104\u30c9\u30eb\u306b\u9054\u3059\u308b\u3002<a href=\"#_ftn2\" name=\"_ftnref2\">[2]<\/a>\u3055\u3089\u306b\u3001\u30b0\u30e9\u30f3\u30c8\u30fb\u30bd\u30fc\u30f3\u30c8\u30f3\u306b\u3088\u308c\u3070\u30012025\u5e7412\u6708\u3060\u3051\u3067\u3001\u5e02\u5834\u3067\u306f\u5408\u8a0831\u4ef6\u306e\u53d6\u5f15\u304c\u8a18\u9332\u3055\u308c\u3001\u516c\u8868\u304a\u3088\u3073\u63a8\u5b9a\u53d6\u5f15\u984d\u306f\u7d0413\u5104600\u4e07\u7c73\u30c9\u30eb\u306b\u9054\u3057\u305f\u3002<a href=\"#_ftn3\" name=\"_ftnref3\">[3]<\/a>\u6771\u5357\u30a2\u30b8\u30a2\u306eM&amp;A\u74b0\u5883\u306f\u3001\u91d1\u878d\u74b0\u5883\u306e\u53b3\u3057\u3055\u3084\u5730\u653f\u5b66\u7684\u30ea\u30b9\u30af\u306e\u9ad8\u307e\u308a\u3068\u3044\u3063\u305f\u9006\u98a8\u306b\u3055\u3089\u3055\u308c\u3066\u3044\u308b\u3082\u306e\u306e\u3001\u30d9\u30c8\u30ca\u30e0\u306f\u53b3\u9078\u3055\u308c\u305f\u4e00\u9023\u306e\u53d6\u5f15\u306b\u652f\u3048\u3089\u308c\u3001\u7740\u5b9f\u306a\u52e2\u3044\u3092\u7dad\u6301\u3057\u3066\u3044\u308b\u3002<\/p>\n<p style=\"text-align: center;\"><strong>\u30d9\u30c8\u30ca\u30e0\u306b\u304a\u3051\u308bM&amp;A\u53d6\u5f15\u7dcf\u984d\u3068\u53d6\u5f15\u4ef6\u6570\uff082021\u5e74\uff5e2025\u5e7410\u30f6\u6708\uff09<\/strong><\/p>\n<p style=\"text-align: center;\">\u5358\u4f4d = \u767e\u4e07\u7c73\u30c9\u30eb<br \/>\n<img decoding=\"async\" class=\"alignnone  wp-image-23645\" src=\"https:\/\/b-company.jp\/wp-content\/uploads\/2026\/01\/Total-Value-and-Total-Volume-of-MA-Deals-in-Vietnam-2021-10M-2025.png\" alt=\"Total Value and Total Volume of M&amp;A Deals in Vietnam (2021 - 10M 2025)\" width=\"455\" height=\"292\" srcset=\"https:\/\/b-company.jp\/wp-content\/uploads\/2026\/01\/Total-Value-and-Total-Volume-of-MA-Deals-in-Vietnam-2021-10M-2025.png 929w, https:\/\/b-company.jp\/wp-content\/uploads\/2026\/01\/Total-Value-and-Total-Volume-of-MA-Deals-in-Vietnam-2021-10M-2025-300x192.png 300w, https:\/\/b-company.jp\/wp-content\/uploads\/2026\/01\/Total-Value-and-Total-Volume-of-MA-Deals-in-Vietnam-2021-10M-2025-768x493.png 768w, https:\/\/b-company.jp\/wp-content\/uploads\/2026\/01\/Total-Value-and-Total-Volume-of-MA-Deals-in-Vietnam-2021-10M-2025-18x12.png 18w\" sizes=\"(max-width: 455px) 100vw, 455px\" data-no-auto-translation=\"\" \/><\/p>\n<p style=\"text-align: center;\">\u51fa\u5178\uff1aMOIT <a href=\"https:\/\/diendandoanhnghiep.vn\/thi-truong-m-a-viet-nam-trien-vong-cung-cac-thuong-vu-lon-ty-do-10167188.html\">\u30ad\u30e3\u30d4\u30bf\u30ebIQ\u3001\u30ea\u30d5\u30a3\u30cb\u30c6\u30a3\u30d6\u3001KPMG<\/a><\/p>\n<p>2024\u5e74\u306b\u306f\u5e73\u5747\u53d6\u5f15\u898f\u6a21\u304c5,070\u4e07\u7c73\u30c9\u30eb\u3068\u7570\u4f8b\u306e\u9ad8\u6c34\u6e96\u3092\u8a18\u9332\u3057\u307e\u3057\u305f\u304c\u30012025\u5e74\u306e\u6700\u521d\u306e10\u30f6\u6708\u9593\u3067\u5e73\u5747\u53d6\u5f15\u984d\u306f2,940\u4e07\u7c73\u30c9\u30eb\u306b\u6e1b\u5c11\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u306f\u3001\u3088\u308a\u6a19\u6e96\u7684\u306a\u53d6\u5f15\u898f\u6a21\u3078\u306e\u56de\u5e30\u3068\u3001\u4e2d\u898f\u6a21\u5e02\u5834\u30bb\u30b0\u30e1\u30f3\u30c8\u306b\u304a\u3051\u308b\u6d3b\u52d5\u306e\u5897\u52a0\u3092\u53cd\u6620\u3057\u3066\u3044\u307e\u3059\u3002\u5e73\u5747\u53d6\u5f15\u898f\u6a21\u306e\u6e1b\u5c11\u306f\u3001M&amp;A\u6d3b\u52d5\u306e\u6e1b\u901f\u3067\u306f\u306a\u304f\u3001\u6295\u8cc7\u5bb6\u304c\u5927\u898f\u6a21\u3067\u6a5f\u4f1a\u4e3b\u7fa9\u7684\u306a\u53d6\u5f15\u3088\u308a\u3082\u3001\u6226\u7565\u7684\u306a\u9069\u5408\u6027\u3001\u30ea\u30b9\u30af\u7ba1\u7406\u3001\u305d\u3057\u3066\u6301\u7d9a\u53ef\u80fd\u306a\u4fa1\u5024\u5275\u9020\u3092\u512a\u5148\u3059\u308b\u3001\u3088\u308a\u898f\u5f8b\u306e\u3042\u308b\u9078\u5225\u7684\u306a\u5e02\u5834\u3078\u306e\u69cb\u9020\u7684\u306a\u5909\u5316\u3092\u793a\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p style=\"text-align: center;\"><strong>Average disclosed transaction value<\/strong><\/p>\n<p style=\"text-align: center;\">\u5358\u4f4d\uff1a\u767e\u4e07\u7c73\u30c9\u30eb<br \/>\n<img decoding=\"async\" class=\"alignnone  wp-image-23644\" src=\"https:\/\/b-company.jp\/wp-content\/uploads\/2026\/01\/Average-disclosed-transaction-value.png\" alt=\"Average disclosed transaction value\" width=\"458\" height=\"278\" srcset=\"https:\/\/b-company.jp\/wp-content\/uploads\/2026\/01\/Average-disclosed-transaction-value.png 901w, https:\/\/b-company.jp\/wp-content\/uploads\/2026\/01\/Average-disclosed-transaction-value-300x182.png 300w, https:\/\/b-company.jp\/wp-content\/uploads\/2026\/01\/Average-disclosed-transaction-value-768x466.png 768w, https:\/\/b-company.jp\/wp-content\/uploads\/2026\/01\/Average-disclosed-transaction-value-18x12.png 18w\" sizes=\"(max-width: 458px) 100vw, 458px\" data-no-auto-translation=\"\" \/><\/p>\n<p style=\"text-align: center;\">\u51fa\u5178\uff1aMOIT <a href=\"https:\/\/diendandoanhnghiep.vn\/thi-truong-m-a-viet-nam-trien-vong-cung-cac-thuong-vu-lon-ty-do-10167188.html\">\u30ad\u30e3\u30d4\u30bf\u30ebIQ\u3001\u30ea\u30d5\u30a3\u30cb\u30c6\u30a3\u30d6\u3001KPMG<\/a><\/p>\n<p>2025\u5e74\u304a\u3088\u3073\u8fd1\u5e74\u306e\u30d9\u30c8\u30ca\u30e0\u306b\u304a\u3051\u308bM&amp;A\u4ef6\u6570\u304a\u3088\u3073\u91d1\u984d\u306e\u6e1b\u5c11\u306f\u3001\u4e16\u754c\u7684\u306a\u30de\u30af\u30ed\u7d4c\u6e08\u306e\u4e0d\u78ba\u5b9f\u6027\u306b\u95a2\u9023\u3057\u3066\u3044\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u3046\u3057\u305f\u72b6\u6cc1\u4e0b\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u4e0b\u3067\u63d0\u6848\u3055\u308c\u305f\u76f8\u4e92\u95a2\u7a0e\u63aa\u7f6e\u3092\u542b\u3080\u8cbf\u6613\u6469\u64e6\u306e\u6fc0\u5316\u306f\u3001\u6295\u8cc7\u5bb6\u5fc3\u7406\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u3001\u4e16\u754c\u7684\u306aM&amp;A\u304a\u3088\u3073IPO\u6d3b\u52d5\u3092\u6df7\u4e71\u3055\u305b\u305f\u3068\u5e83\u304f\u898b\u3089\u308c\u3066\u3044\u307e\u3059\u3002\u3055\u3089\u306b\u3001\u8cc7\u91d1\u8abf\u9054\u30b3\u30b9\u30c8\u306e\u4e0a\u6607\u3068\u8a55\u4fa1\u306e\u4e0d\u78ba\u5b9f\u6027\u306f\u3001\u3088\u308a\u614e\u91cd\u306a\u53d6\u5f15\u5b9f\u884c\u3092\u4fc3\u3057\u3001\u4e00\u90e8\u306e\u53d6\u5f15\u306e\u5ef6\u671f\u307e\u305f\u306f\u4e2d\u6b62\u306b\u3064\u306a\u304c\u3063\u305f\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u540c\u6642\u306b\u3001\u30d9\u30c8\u30ca\u30e0\u306eM&amp;A\u5e02\u5834\u306f\u69cb\u9020\u8abf\u6574\u306e\u904e\u7a0b\u306b\u3042\u308a\u307e\u3059\u30022020\uff5e2022\u5e74\u3068\u6bd4\u8f03\u3057\u3066\u53d6\u5f15\u4ef6\u6570\u306f\u6e1b\u5c11\u3057\u3066\u3044\u308b\u3082\u306e\u306e\u3001\u53d6\u5f15\u306e\u8cea\u306f\u5411\u4e0a\u3057\u3066\u3044\u307e\u3059\u3002\u7279\u306b\u65e5\u672c\u3001\u97d3\u56fd\u3001\u30b7\u30f3\u30ac\u30dd\u30fc\u30eb\u304b\u3089\u306e\u5916\u56fd\u4eba\u6295\u8cc7\u5bb6\u306f\u3001\u30d8\u30eb\u30b9\u30b1\u30a2\u3001\u533b\u85ac\u54c1\u3001\u518d\u751f\u53ef\u80fd\u30a8\u30cd\u30eb\u30ae\u30fc\u3001\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u3068\u3044\u3063\u305f\u91cd\u8981\u306a\u30bb\u30af\u30bf\u30fc\u306b\u5f15\u304d\u7d9a\u304d\u5f37\u3044\u95a2\u5fc3\u3092\u793a\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u56fd\u5185\u6295\u8cc7\u5bb6\u306f\u5f15\u304d\u7d9a\u304d\u91cd\u8981\u306a\u5f79\u5272\u3092\u679c\u305f\u3057\u3001\u516c\u8868\u3055\u308c\u305f\u53d6\u5f15\u7dcf\u984d\u306e30\uff05\u4ee5\u4e0a\u3092\u5360\u3081\u305f\u304c\u3001\u30b7\u30f3\u30ac\u30dd\u30fc\u30eb\u304c\u7d0427\uff05\u3001\u65e5\u672c\u304c9\uff05\u3001\u7c73\u56fd\u304c\u591a\u984d\u306e\u8cc7\u672c\u6d41\u5165\u3092\u3082\u305f\u3089\u3057\u305f\u305f\u3081\u3001\u5916\u56fd\u6295\u8cc7\u5bb6\u3068\u306e\u5dee\u306f\u5927\u5e45\u306b\u7e2e\u307e\u3063\u305f\u3002<a href=\"#_ftn4\" name=\"_ftnref4\">[4]<\/a>\u591a\u304f\u306e\u56fd\u5185\u5927\u624b\u6c11\u9593\u4f01\u696d\u306f\u3001\u6709\u6a5f\u7684\u6210\u9577\u3067\u306f\u306a\u304fM&amp;A\u3092\u901a\u3058\u3066\u30b0\u30eb\u30fc\u30d7\u5f62\u5f0f\u306e\u7d44\u7e54\u3092\u5f62\u6210\u3057\u3066\u304a\u308a\u3001\u307e\u3059\u307e\u3059\u5f37\u529b\u306a\u56fd\u5185\u306e\u8cb7\u3044\u624b\u57fa\u76e4\u3092\u5f62\u6210\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p style=\"text-align: center;\"><strong>\u6295\u8cc7\u5bb6\u51fa\u8eab\u8005\u5225M&amp;A\u53d6\u5f15\u984d\uff082025\u5e7410\u30f6\u6708\u9593\uff09<\/strong><\/p>\n<p style=\"text-align: center;\">100% = 23\u5104\u30c9\u30eb<br \/>\n<img decoding=\"async\" class=\"alignnone  wp-image-23643\" src=\"https:\/\/b-company.jp\/wp-content\/uploads\/2026\/01\/MA-Deal-Value-by-Investor-Origin-10M-2025.png\" alt=\"M&amp;A Deal Value by Investor Origin (10M 2025)\" width=\"454\" height=\"296\" srcset=\"https:\/\/b-company.jp\/wp-content\/uploads\/2026\/01\/MA-Deal-Value-by-Investor-Origin-10M-2025.png 746w, https:\/\/b-company.jp\/wp-content\/uploads\/2026\/01\/MA-Deal-Value-by-Investor-Origin-10M-2025-300x196.png 300w, https:\/\/b-company.jp\/wp-content\/uploads\/2026\/01\/MA-Deal-Value-by-Investor-Origin-10M-2025-18x12.png 18w\" sizes=\"(max-width: 454px) 100vw, 454px\" data-no-auto-translation=\"\" \/><\/p>\n<p style=\"text-align: center;\">\u51fa\u5178\uff1aMOIT <a href=\"https:\/\/diendandoanhnghiep.vn\/thi-truong-m-a-viet-nam-trien-vong-cung-cac-thuong-vu-lon-ty-do-10167188.html\">\u30d3\u30b8\u30cd\u30b9\u30d5\u30a9\u30fc\u30e9\u30e0\u30de\u30ac\u30b8\u30f3<\/a><\/p>\n<h3><strong>2025\u5e74\u306e\u753b\u671f\u7684\u306a\u53d6\u5f15<\/strong><\/h3>\n<p>\u3053\u3046\u3057\u305f\u72b6\u6cc1\u306e\u4e2d\u3001\u30b3\u30f3\u30b7\u30e5\u30fc\u30de\u30fc\u30bb\u30af\u30bf\u30fc\u306f\u5f15\u304d\u7d9a\u304d\u5e02\u5834\u3092\u727d\u5f15\u3057\u3001\u53d6\u5f15\u4ef6\u6570\u3068\u958b\u793a\u7dcf\u984d\u306e\u4e21\u65b9\u3067\u9996\u4f4d\u3092\u7372\u5f97\u3057\u307e\u3057\u305f\u3002\u6ce8\u76ee\u3059\u3079\u304d\u6226\u7565\u7684\u53d6\u5f15\u3068\u3057\u3066\u306f\u3001\u30b3\u30af\u30e8\u306b\u3088\u308b\u30c6\u30a3\u30a8\u30f3\u30ed\u30f3\u793e\u306e\u8cb7\u53ce\u3001\u30bf\u30a4\u306e\u30d5\u30ec\u30a4\u30b6\u30fc\u30fb\u30a2\u30f3\u30c9\u30fb\u30cb\u30fc\u30d6\u793e\uff08F&amp;N\uff09\u306b\u3088\u308b\u30d3\u30ca\u30df\u30eb\u30af\u793e\u3078\u306e\u51fa\u8cc7\u6bd4\u7387\u306e\u5f15\u304d\u4e0a\u3052\u306a\u3069\u304c\u6319\u3052\u3089\u308c\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u53d6\u5f15\u306f\u3001\u898f\u6a21\u306e\u62e1\u5927\u3068\u5e02\u5834\u30dd\u30b8\u30b7\u30e7\u30f3\u306e\u5f37\u5316\u3092\u91cd\u8996\u3059\u308bM&amp;A\u306e\u30c8\u30ec\u30f3\u30c9\u3092\u660e\u78ba\u306b\u53cd\u6620\u3057\u3066\u3044\u307e\u3059\u3002<a href=\"#_ftn5\" name=\"_ftnref5\">[5]<\/a>.<\/p>\n<p style=\"text-align: center;\"><strong>2025\u5e74\u306e\u4e3b\u306aM&amp;A\u53d6\u5f15\u306e\u6982\u8981<\/strong><\/p>\n<table class=\"aligncenter\" style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"width: 14.375%;\" width=\"111\"><strong>\u696d\u7a2e<\/strong><\/td>\n<td style=\"width: 14.375%;\" width=\"111\"><strong>\u8cfc\u5165\u8005\/\u6295\u8cc7\u5bb6<\/strong><\/td>\n<td style=\"width: 14.375%;\" width=\"111\"><strong>\u58f2\u308a\u624b<\/strong><\/td>\n<td style=\"width: 15%;\" width=\"116\"><strong>\u63a8\u5b9a\u53d6\u5f15\u984d\uff08\u7c73\u30c9\u30eb\uff09<\/strong><\/td>\n<td style=\"width: 22%;\" width=\"172\"><strong>\u6240\u6709\u6a29 \/ \u8a73\u7d30<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 14.375%;\" rowspan=\"5\" width=\"111\">\u5c0f\u58f2\u30fb\u6d88\u8cbb\u8ca1<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">\u30b3\u30af\u30e8 (\u65e5\u672c)<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">\u30c6\u30a3\u30a8\u30f3\u30ed\u30f3\u30b0\u30eb\u30fc\u30d7<\/td>\n<td style=\"width: 15%;\" width=\"116\">$1\u51047800\u4e07<\/td>\n<td style=\"width: 22%;\" width=\"172\">65.01%\u306e\u682a\u5f0f\u53d6\u5f97<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 14.375%;\" width=\"111\">\u30d5\u30ec\u30a4\u30b6\u30fc\u30fb\u30a2\u30f3\u30c9\u30fb\u30cb\u30fc\u30d6\uff08F&amp;N\uff09<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">\u30d3\u30ca\u30df\u30eb\u30af<\/td>\n<td style=\"width: 15%;\" width=\"116\">$2\u51042800\u4e07<\/td>\n<td style=\"width: 22%;\" width=\"172\">\u3055\u3089\u306b4.6%\u3092\u53d6\u5f97\u3057\u3001\u5408\u8a0824.99%\u306e\u30b9\u30c6\u30fc\u30af\u3092\u7372\u5f97<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 14.375%;\" width=\"111\">\u30d9\u30eb\u30ea\u30fb\u30e6\u30c3\u30ab\u30fc\u30fb\u30d1\u30d6\u30ea\u30c3\u30af\u30fb\u30ab\u30f3\u30d1\u30cb\u30fc\uff08BJC\uff09<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">MM\u30e1\u30ac\u30de\u30fc\u30b1\u30c3\u30c8<\/td>\n<td style=\"width: 15%;\" width=\"116\">$7\u51041500\u4e07<\/td>\n<td style=\"width: 22%;\" width=\"172\">100% \u6240\u6709\u6a29\u306e\u53d6\u5f97<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 14.375%;\" width=\"111\">\u30d4\u30b3\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">\u30b0\u30a8\u30f3\u30fb\u30ad\u30e0<\/td>\n<td style=\"width: 15%;\" width=\"116\">$36\u767e\u4e07<\/td>\n<td style=\"width: 22%;\" width=\"172\">\u8a72\u5f53\u306a\u3057<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 14.375%;\" width=\"111\">\u30b4\u30fc\u30eb\u30c7\u30f3\u30b2\u30fc\u30c8\u30b0\u30eb\u30fc\u30d7<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">\u30d9\u30c8\u30ca\u30e0\u7d05\u8336\u30fb\u30b3\u30fc\u30d2\u30fc\u30b5\u30fc\u30d3\u30b9\u53d6\u5f15<\/td>\n<td style=\"width: 15%;\" width=\"116\">$1\u5104800\u4e07<\/td>\n<td style=\"width: 22%;\" width=\"172\">\u30b3\u30fc\u30d2\u30fc\u30cf\u30a6\u30b9\u306e\u682a\u5f0f99.98%\u53d6\u5f97<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 14.375%;\" width=\"111\">\u81ea\u52d5\u8eca<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">\u30d5\u30a1\u30e0\u30fb\u30cb\u30e3\u30c3\u30c8\u30fb\u30f4\u30aa\u30f3 (VinFast \u5275\u8a2d\u8005)<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">\u30ce\u30d0\u30c6\u30c3\u30afR&amp;D\u682a\u5f0f\u4f1a\u793e<\/td>\n<td style=\"width: 15%;\" width=\"116\">$15\u5104<\/td>\n<td style=\"width: 22%;\" width=\"172\">\u30d3\u30f3\u30d5\u30a1\u30b9\u30c8\u306f37.65%\u306e\u682a\u5f0f\u3092\u4fdd\u6301\u3001R&amp;D\u8cc7\u7523\u306f\u30b9\u30d4\u30f3\u30aa\u30d5<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 14.375%;\" rowspan=\"4\" width=\"111\">\u4e0d\u52d5\u7523<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">\u30d0\u30fc\u30c1\u4e0d\u52d5\u7523<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">\u30a4\u30fc\u30b9\u30bf\u30f3\u30fb\u30ea\u30a2\u30eb\u30fb\u30a8\u30b9\u30c6\u30fc\u30c8\uff08\u30de\u30b9\u30bf\u30e9\u30a4\u30ba\u30fb\u30b0\u30eb\u30fc\u30d7\u306e\u5b50\u4f1a\u793e\uff09<\/td>\n<td style=\"width: 15%;\" width=\"116\">$3\u51046500\u4e07<\/td>\n<td style=\"width: 22%;\" width=\"172\">100%\u5b50\u4f1a\u793e\u306e\u8cb7\u53ce<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 14.375%;\" width=\"111\">\u56fd\u5185\u6295\u8cc7\u5bb63\u793e<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">Vinaconex ITC (\u30f4\u30a3\u30ca\u30b3\u30cd\u30c3\u30af\u30b9\u30b0\u30eb\u30fc\u30d7)<\/td>\n<td style=\"width: 15%;\" width=\"116\">$2\u51045000\u4e07\uff5e3\u5104<\/td>\n<td style=\"width: 22%;\" width=\"172\">70%\u306e\u682a\u5f0f\u53d6\u5f97<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 14.375%;\" width=\"111\">\u30b2\u30fc\u30c8\u30a6\u30a7\u30a4\u30fb\u30c8\u30a5\u30fb\u30c6\u30a3\u30a8\u30e0JSC<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">\u30b5\u30a6\u30b9\u30e9\u30c3\u30c1\u30fb\u30c1\u30e3\u30a4\u30af\u30fb\u30b7\u30c6\u30a3LLC<\/td>\n<td style=\"width: 15%;\" width=\"116\">$99\u767e\u4e07<\/td>\n<td style=\"width: 22%;\" width=\"172\">42%\u306e\u682a\u5f0f\u53d6\u5f97<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 14.375%;\" width=\"111\">UOA\u30b0\u30eb\u30fc\u30d7<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">\u30eb\u30d3\u30fc\u30b9\u30c8\u30ea\u30c3\u30d7\u6295\u8cc7\u4f1a\u793e<\/td>\n<td style=\"width: 15%;\" width=\"116\">$68\u767e\u4e07<\/td>\n<td style=\"width: 22%;\" width=\"172\">\u30db\u30fc\u30c1\u30df\u30f3\u5e02\u306e\u512a\u826f\u4e0d\u52d5\u7523\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\uff082,000 m2\uff09\u3092\u53d6\u5f97<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 14.375%;\" rowspan=\"2\" width=\"111\">\u6750\u6599<\/p>\n<p>\uff06\u7523\u696d<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">\u6681\u661f\u30d3\u30ca1st\u682a\u5f0f\u4f1a\u793e<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">\u6681\u661f\u30d3\u30ca\u30b1\u30df\u30ab\u30eb\u30ba<\/td>\n<td style=\"width: 15%;\" width=\"116\">$2\u51047700\u4e07<\/td>\n<td style=\"width: 22%;\" width=\"172\">49%\u306e\u682a\u5f0f\u304c\u30b0\u30eb\u30fc\u30d7\u5185\u3067\u8b72\u6e21\u3055\u308c\u307e\u3057\u305f<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 14.375%;\" width=\"111\">HD\u97d3\u56fd\u9020\u8239<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">\u6597\u5c71\u30d3\u30ca (\u6597\u5c71\u30a8\u30cd\u30eb\u30ae\u30fc)<\/td>\n<td style=\"width: 15%;\" width=\"116\">$2\u51041000\u4e07<\/td>\n<td style=\"width: 22%;\" width=\"172\">100% \u7523\u696d\u30e1\u30fc\u30ab\u30fc\u306e\u8cb7\u53ce<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 14.375%;\" rowspan=\"4\" width=\"111\">\u30a8\u30cd\u30eb\u30ae\u30fc<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">\u30a8\u30f3\u30af\u30a8\u30b9\u30c8PLC<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">\u30cf\u30fc\u30d0\u30fc\u30a8\u30ca\u30b8\u30fc\u30d9\u30c8\u30ca\u30e0\u4e8b\u696d<\/td>\n<td style=\"width: 15%;\" width=\"116\">$8510\u4e07<\/td>\n<td style=\"width: 22%;\" width=\"172\">\u30c1\u30e0\u30b5\u30aa\u6cb9\u7530\u3068\u30c9\u30a5\u30a2\u6cb9\u7530\u306e53.12%\u306e\u6a29\u76ca<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 14.375%;\" width=\"111\">\u30ec\u30d0\u30f3\u30bf\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u682a\u5f0f\u4f1a\u793e<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">HBRE \u30b8\u30a2\u30e9\u30a4\u98a8\u529b\u767a\u96fb\u682a\u5f0f\u4f1a\u793e<\/td>\n<td style=\"width: 15%;\" width=\"116\">$3310\u4e07<\/td>\n<td style=\"width: 22%;\" width=\"172\">\u30b9\u30fc\u30d1\u30fc\u30a8\u30ca\u30b8\u30fc\u30b0\u30eb\u30fc\u30d7\u306e80%\u682a<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 14.375%;\" width=\"111\">OCI\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">\u30a8\u30ea\u30fc\u30c8\u30bd\u30fc\u30e9\u30fc\u30d1\u30ef\u30fc\u30a6\u30a7\u30fc\u30cf<\/td>\n<td style=\"width: 15%;\" width=\"116\">\u8a72\u5f53\u306a\u3057<\/td>\n<td style=\"width: 22%;\" width=\"172\">65%\u306e\u682a\u5f0f\u53d6\u5f97<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 14.375%;\" width=\"111\">\u4f4f\u53cb<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">Cuu Long Power Engineering \u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u304a\u3088\u3073\u958b\u767a<\/td>\n<td style=\"width: 15%;\" width=\"116\">\u8a72\u5f53\u306a\u3057<\/td>\n<td style=\"width: 22%;\" width=\"172\">49%\u306e\u682a\u5f0f\u53d6\u5f97<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 14.375%;\" rowspan=\"2\" width=\"111\">\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\/AI<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">\u30e9\u30a6\u30f3\u30c9<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">\u30d9\u30c8\u30ca\u30e0\u306b\u304a\u3051\u308b\u975e\u30b2\u30fc\u30e0\u30a2\u30d7\u30ea\u30b1\u30fc\u30b7\u30e7\u30f3<\/td>\n<td style=\"width: 15%;\" width=\"116\">$2000\u4e07<\/td>\n<td style=\"width: 22%;\" width=\"172\">\u8cb7\u53ce\u3068\u30b5\u30dd\u30fc\u30c8\u306e\u30b3\u30df\u30c3\u30c8\u30e1\u30f3\u30c8<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 14.375%;\" width=\"111\">\u682a\u5f0f\u4f1a\u793e\u30a2\u30d4\u30ea\u30c3\u30c4\uff08\u65e5\u672c\uff09<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">\u30d6\u30f3\u30d6\u682a\u5f0f\u4f1a\u793e<\/td>\n<td style=\"width: 15%;\" width=\"116\">$2\u51044100\u4e07<\/td>\n<td style=\"width: 22%;\" width=\"172\">100%\u8cb7\u53ce\uff08$66.6M\u73fe\u91d1+$174.4M\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\uff09<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 14.375%;\" rowspan=\"2\" width=\"111\">\u30d8\u30eb\u30b9\u30b1\u30a2\u3068\u533b\u85ac\u54c1<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">\u30ea\u30f4\u30be\u30f3\u88fd\u85ac\u30b0\u30eb\u30fc\u30d7<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">\u30a4\u30e0\u30a8\u30af\u30b9\u30d5\u30a1\u30fc\u30e0\uff08SK\u30b0\u30eb\u30fc\u30d7\uff09<\/td>\n<td style=\"width: 15%;\" width=\"116\">$2\u51042000\u4e07<\/td>\n<td style=\"width: 22%;\" width=\"172\">64.81%\u306e\u682a\u5f0f\u53d6\u5f97<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 14.375%;\" width=\"111\">\u30c7\u30fc\u30eb\u30fb\u30a4\u30f3\u30d9\u30b9\u30c8\u30e1\u30f3\u30c8\u30fb\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9<\/td>\n<td style=\"width: 14.375%;\" width=\"111\">\u30bf\u30e0\u30c8\u30ea\u30e1\u30c7\u30a3\u30ab\u30eb<\/td>\n<td style=\"width: 15%;\" width=\"116\">$31\u767e\u4e07<\/td>\n<td style=\"width: 22%;\" width=\"172\">73.15%\u306e\u682a\u5f0f\u53d6\u5f97<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: center;\">\u51fa\u5178\uff1aB&amp;Company<\/p>\n<h4><strong>\u5c0f\u58f2\u30fb\u6d88\u8cbb\u8005\u30bb\u30af\u30bf\u30fc<\/strong><\/h4>\n<p><strong><em>\u30b3\u30af\u30e8\u306b\u3088\u308b\u30c6\u30a3\u30a8\u30f3\u30ed\u30f3\u30b0\u30eb\u30fc\u30d7\u306e\u8cb7\u53ce<\/em><\/strong><\/p>\n<p>2025\u5e7412\u6708\u3001\u65e5\u672c\u306e\u6587\u5177\u30fb\u30aa\u30d5\u30a3\u30b9\u5bb6\u5177\u30b3\u30f3\u30b0\u30ed\u30de\u30ea\u30c3\u30c8\u3067\u3042\u308b\u30b3\u30af\u30e8\u306f\u3001\u30c6\u30a3\u30a8\u30f3\u30ed\u30f3\u30b0\u30eb\u30fc\u30d7\u682a\u5f0f\u4f1a\u793e\u306e\u682a\u5f0f\u6700\u592765.01%\u3092\u7d041\u51044\u5343\u4e07\u30c8\u30f3\u3067\u8cb7\u53ce\u3059\u308b\u8a08\u753b\u3092\u767a\u8868\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u306f\u3001\u30d9\u30c8\u30ca\u30e0\u306e\u6b74\u53f2\u4e0a\u6700\u3082\u6ce8\u76ee\u3059\u3079\u304d\u8d8a\u5883\u6d88\u8cbb\u8ca1\u4f01\u696d\u8cb7\u53ce\u306e\u4e00\u3064\u3068\u306a\u308a\u307e\u3059\u3002\u3053\u306e\u53d6\u5f15\u3067\u306f\u3001\u30b3\u30af\u30e8\u304c\u30c6\u30a3\u30a8\u30f3\u30ed\u30f3\u30a2\u30f3\u30c6\u30a3\u30f3\u30a4\u30f3\u30d9\u30b9\u30c8\u30e1\u30f3\u30c8\u682a\u5f0f\u4f1a\u793e\uff08\u30b0\u30eb\u30fc\u30d7\u306e\u5b9a\u6b3e\u8cc7\u672c\u306e46.82%\u3092\u4fdd\u6709\uff09\u306e\u5168\u682a\u5f0f\u3092\u53d6\u5f97\u3057\u3001\u3055\u3089\u306b18.19%\u306e\u682a\u5f0f\u3092\u516c\u958b\u8cb7\u4ed8\u3051\u3067\u53d6\u5f97\u3057\u307e\u3059\u3002<a href=\"#_ftn6\" name=\"_ftnref6\">[6]<\/a>.<\/p>\n<p>1981\u5e74\u306b\u8a2d\u7acb\u3055\u308c\u305f\u30c6\u30a3\u30a8\u30f3\u30ed\u30f3\u793e\u306f\u3001\u5c0f\u3055\u306a\u5de5\u623f\u304b\u3089\u30d9\u30c8\u30ca\u30e0\u3092\u4ee3\u8868\u3059\u308b\u6587\u5177\u30e1\u30fc\u30ab\u30fc\u3078\u3068\u6210\u9577\u3092\u9042\u3052\u3001\u30c6\u30a3\u30a8\u30f3\u30ed\u30f3\u3001FlexOffice\u3001Colokit\u3001Flexio\u306a\u3069\u306e\u30d6\u30e9\u30f3\u30c9\u30671,000\u70b9\u4ee5\u4e0a\u306e\u88fd\u54c1\u3092\u5c55\u958b\u3057\u3001\u4e16\u754c74\u30ab\u56fd\u306b\u8f38\u51fa\u3057\u3066\u3044\u307e\u3059\u3002\u30b3\u30af\u30e8\u306b\u3068\u3063\u3066\u3001\u4eca\u56de\u306e\u8cb7\u53ce\u306f\u6771\u5357\u30a2\u30b8\u30a2\u5e02\u5834\u3078\u306e\u6226\u7565\u7684\u306a\u30b2\u30fc\u30c8\u30a6\u30a7\u30a4\u3068\u306a\u308a\u3001\u30c6\u30a3\u30a8\u30f3\u30ed\u30f3\u793e\u3092\u65e5\u672c\u3001\u4e2d\u56fd\u3001\u30a4\u30f3\u30c9\u306b\u7d9a\u304f\u6d77\u5916\u4e8b\u696d\u306e4\u3064\u76ee\u306e\u67f1\u3068\u3057\u3066\u4f4d\u7f6e\u4ed8\u3051\u307e\u3059\u3002\u3053\u306e\u8cb7\u53ce\u306f\u30012030\u5e74\u307e\u3067\u306b\u30a2\u30b8\u30a2\u306e\u30ea\u30fc\u30c7\u30a3\u30f3\u30b0\u30b9\u30c6\u30fc\u30b7\u30e7\u30ca\u30ea\u30fc\u30d6\u30e9\u30f3\u30c9\u3068\u306a\u308a\u3001\u30ad\u30e3\u30f3\u30d1\u30b9\u30d6\u30e9\u30f3\u30c9\u3092\u30b0\u30ed\u30fc\u30d0\u30eb\u306b\u5c55\u958b\u3059\u308b\u3068\u3044\u3046\u30b3\u30af\u30e8\u306e\u6226\u7565\u30d3\u30b8\u30e7\u30f3\u306b\u5408\u81f4\u3059\u308b\u3082\u306e\u3067\u3059\u3002<\/p>\n<p><strong><em>\u30bb\u30f3\u30c8\u30e9\u30eb\u30fb\u30ea\u30c6\u30fc\u30eb\u3001\u30b0\u30a8\u30f3\u30fb\u30ad\u30e0\u306e\u682a\u5f0f\u3092\u30d4\u30b3\u30fb\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9\u306b\u58f2\u5374<\/em><\/strong><\/p>\n<p>\u30bf\u30a4\u306e\u30bb\u30f3\u30c8\u30e9\u30eb\u30fb\u30ea\u30c6\u30fc\u30eb\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30b7\u30e7\u30f3\u306f\u3001\u30d9\u30c8\u30ca\u30e0\u3067\u6700\u3082\u6b74\u53f2\u306e\u3042\u308b\u5bb6\u96fb\u5c0f\u58f2\u696d\u8005\u306e\u4e00\u3064\u3067\u3042\u308b\u30b0\u30a8\u30f3\u30fb\u30ad\u30e0\u30fb\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u30fb\u30b8\u30e7\u30a4\u30f3\u30c8\u30fb\u30b9\u30c8\u30c3\u30af\u30fb\u30ab\u30f3\u30d1\u30cb\u30fc\u306e\u5168\u682a\u5f0f\u3092\u30d4\u30b3\u30fb\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9\u30fb\u30b8\u30e7\u30a4\u30f3\u30c8\u30fb\u30b9\u30c8\u30c3\u30af\u30fb\u30ab\u30f3\u30d1\u30cb\u30fc\u306b\u63a8\u5b9a3,600\u4e07\u7c73\u30c9\u30eb\u3067\u58f2\u5374\u3059\u308b\u5951\u7d04\u3092\u7de0\u7d50\u3057\u305f\u3002\u305d\u306e\u7d50\u679c\u3001\u30b0\u30a8\u30f3\u30fb\u30ad\u30e0\u8cb7\u53ce\u306b10\u5e74\u8fd1\u304f\u304b\u3051\u30662\u5104\u7c73\u30c9\u30eb\u4ee5\u4e0a\u3092\u6295\u8cc7\u3057\u305f\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u30bb\u30f3\u30c8\u30e9\u30eb\u30fb\u30ea\u30c6\u30fc\u30eb\u306e\u58f2\u5374\u6642\u8a55\u4fa1\u984d\u306f\u5f53\u521d\u6295\u8cc7\u984d\u306e\u7d046\u5206\u306e1\u306b\u307e\u3067\u843d\u3061\u8fbc\u3093\u3060\u3002<a href=\"#_ftn7\" name=\"_ftnref7\">[7]<\/a>.<\/p>\n<p>\u3055\u3089\u306b\u3001\u30b4\u30fc\u30eb\u30c7\u30f3\u30b2\u30fc\u30c8\u30b0\u30eb\u30fc\u30d7\u306f\u3001\u30d9\u30c8\u30ca\u30e0\u30c6\u30a3\u30fc\uff06\u30b3\u30fc\u30d2\u30fc\u30b5\u30fc\u30d3\u30b9\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u682a\u5f0f\u4f1a\u793e\u306e\u682a\u5f0f99.98%\u3092\u7d041\u51044\u5343\u4e07\u30c8\u30f3\u3067\u8cfc\u5165\u3057\u3066\u30b3\u30fc\u30d2\u30fc\u30cf\u30a6\u30b9\u3092\u8cb7\u53ce\u3057\u3001\u30d9\u30c8\u30ca\u30e0\u306e\u8457\u540d\u306a\u30b3\u30fc\u30d2\u30fc\u30c1\u30a7\u30fc\u30f3\u3092\u30b4\u30fc\u30eb\u30c7\u30f3\u30b2\u30fc\u30c8\u306e\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306b\u5b8c\u5168\u306b\u7d44\u307f\u5165\u308c\u307e\u3057\u305f\u3002<\/p>\n<h4><strong>\u81ea\u52d5\u8eca\u90e8\u9580<\/strong><\/h4>\n<p><strong>\u30f4\u30a3\u30f3\u30d5\u30a1\u30b9\u30c8\u306e\u30ce\u30d0\u30c6\u30c3\u30af\u518d\u7de8\uff1a\u4eca\u5e74\u6700\u5927\u306e\u53d6\u5f15<\/strong><\/p>\n<p>2025\u5e74\u306e\u6700\u3082\u91cd\u8981\u306a\u53d6\u5f15\u306e\u4e00\u3064\u306f\u3001\u30d3\u30f3\u30d5\u30a1\u30b9\u30c8\u30fb\u30aa\u30fc\u30c8\u793e\u306b\u3088\u308b\u30ce\u30d0\u30c6\u30c3\u30af\u7814\u7a76\u958b\u767a\u682a\u5f0f\u4f1a\u793e\uff08Novatech Research and Development JSC\uff09\u306e\u6226\u7565\u7684\u518d\u7de8\u3067\u3042\u308a\u3001\u305d\u306e\u8a55\u4fa1\u984d\u306f\u7d041\u51464\u5343\u51041500\u4e07\u30c8\u30f3\u3067\u3057\u305f\u3002\u3053\u306e\u753b\u671f\u7684\u306a\u53d6\u5f15\u306b\u3088\u308a\u3001\u30d9\u30c8\u30ca\u30e0\u306e\u96fb\u6c17\u81ea\u52d5\u8eca\u30e1\u30fc\u30ab\u30fc\u3067\u3042\u308b\u30d3\u30f3\u30d5\u30a1\u30b9\u30c8\u306f\u3001\u7814\u7a76\u958b\u767a\u8cc7\u7523\u3092\u65b0\u305f\u306b\u8a2d\u7acb\u3055\u308c\u305f\u30ce\u30d0\u30c6\u30c3\u30af\u793e\u306b\u30b9\u30d4\u30f3\u30aa\u30d5\u3055\u305b\u307e\u3057\u305f\u3002\u30ce\u30d0\u30c6\u30c3\u30af\u793e\u306f\u305d\u306e\u5f8c\u30012025\u5e748\u6708\u306b\u30d3\u30f3\u30d5\u30a1\u30b9\u30c8\u306e\u5275\u696d\u8005\u517cCEO\u3067\u3042\u308b\u30d5\u30a1\u30e0\u30fb\u30cb\u30e3\u30c3\u30c8\u30fb\u30f4\u30aa\u30f3\u6c0f\u306b\u8cb7\u53ce\u3055\u308c\u307e\u3057\u305f\u3002<a href=\"#_ftn8\" name=\"_ftnref8\">[8]<\/a>.<\/p>\n<p>\u3053\u306e\u518d\u7de8\u306b\u3088\u308a\u3001\u30ce\u30d0\u30c6\u30c3\u30af\u306f\u30d3\u30f3\u30d5\u30a1\u30b9\u30c8\u30fb\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u30fb\u30a2\u30f3\u30c9\u30fb\u30d7\u30ed\u30c0\u30af\u30b7\u30e7\u30f3\u682a\u5f0f\u4f1a\u793e\u304b\u3089\u5206\u96e2\u3055\u308c\u3001\u65b0\u4f1a\u793e\u306f\u5b8c\u4e86\u3057\u305f\u7814\u7a76\u958b\u767a\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306b\u95a2\u9023\u3059\u308b\u8cc7\u7523\u3068\u305d\u306e\u77e5\u7684\u8ca1\u7523\u6a29\u3092\u4fdd\u6709\u3059\u308b\u3053\u3068\u306b\u306a\u3063\u305f\u3002\u30d3\u30f3\u30d5\u30a1\u30b9\u30c8\u306f\u30ce\u30d0\u30c6\u30c3\u30af\u306e\u682a\u5f0f37.65%\u3068\u8b70\u6c7a\u6a29\u3092\u4fdd\u6709\u3057\u7d9a\u3051\u3001VFTP\u306f\u30d9\u30c8\u30ca\u30e0\u306b\u304a\u3051\u308b\u96fb\u6c17\u81ea\u52d5\u8eca\u306e\u88fd\u9020\u3068\u5c06\u6765\u306e\u7814\u7a76\u6d3b\u52d5\u306b\u5f15\u304d\u7d9a\u304d\u6ce8\u529b\u3059\u308b\u3002\u4eca\u56de\u306e\u53d6\u5f15\u306f\u30012025\u5e74\u306b20\u4e07\u53f0\u306e\u8eca\u4e21\u3092\u7d0d\u5165\u3057\u30012026\u5e74\u672b\u307e\u3067\u306b\u640d\u76ca\u5206\u5c90\u70b9\u3092\u9054\u6210\u3059\u308b\u3068\u3044\u3046\u91ce\u5fc3\u7684\u306a\u76ee\u6a19\u3092\u63b2\u3052\u3066\u3044\u308b\u8d64\u5b57\u30e1\u30fc\u30ab\u30fc\u3067\u3042\u308b\u30ce\u30d0\u30c6\u30c3\u30af\u3078\u306e\u3001\u30f4\u30a9\u30f3\u6c0f\u306b\u3088\u308b\u6700\u65b0\u306e\u8cc7\u672c\u6ce8\u5165\u3068\u306a\u308b\u3002<\/p>\n<h4><strong>\u4e0d\u52d5\u7523\u30bb\u30af\u30bf\u30fc<\/strong><\/h4>\n<p>\u4e0d\u52d5\u7523\u306f2025\u5e74\u306b\u6700\u3082\u6d3b\u767a\u306a\u30bb\u30af\u30bf\u30fc\u3068\u306a\u308a\u3001\u53d6\u5f15\u7dcf\u984d\u306b\u5360\u3081\u308b\u5272\u5408\u306f2024\u5e74\u306e36%\u304b\u30892025\u5e74\u7b2c1\u56db\u534a\u671f\u306b\u306f44%\u306b\u5897\u52a0\u3057\u3001\u5e74\u9593\u3092\u901a\u3057\u3066\u529b\u5f37\u3044\u52e2\u3044\u3092\u7dad\u6301\u3057\u307e\u3057\u305f\u3002\u3053\u306e\u30bb\u30af\u30bf\u30fc\u306f\u3001\u6700\u521d\u306e10\u30f6\u6708\u9593\u3067\u6700\u5927\u306e\u516c\u8868\u53d6\u5f15\u3092\u8a18\u9332\u3057\u307e\u3057\u305f\u3002\u30b7\u30f3\u30ac\u30dd\u30fc\u30eb\u30fb\u30e6\u30ca\u30a4\u30c6\u30c3\u30c9\u30fb\u30aa\u30fc\u30d0\u30fc\u30b7\u30fc\u30ba\u9280\u884c\u5098\u4e0b\u306e\u30d0\u30fc\u30c1\u30fb\u30ea\u30a2\u30eb\u30fb\u30a8\u30b9\u30c6\u30fc\u30c8\u304c\u3001\u30de\u30b9\u30bf\u30fc\u30e9\u30a4\u30ba\u30fb\u30b0\u30eb\u30fc\u30d7\u306e\u5b50\u4f1a\u793e\u3067\u3042\u308b\u30a4\u30fc\u30b9\u30bf\u30f3\u30fb\u30ea\u30a2\u30eb\u30fb\u30a8\u30b9\u30c6\u30fc\u30c8\u30fb\u30a4\u30f3\u30d9\u30b9\u30c8\u30e1\u30f3\u30c8\u30fb\u30a2\u30f3\u30c9\u30fb\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0LLC\u30921\u51044,365\u4e07\u30c8\u30f3\u3067\u8cb7\u53ce\u3057\u305f\u306e\u3067\u3059\u3002\u3053\u306e\u53d6\u5f15\u306f\u3001\u8cea\u306e\u9ad8\u3044\u571f\u5730\u30d0\u30f3\u30af\u3068\u30d7\u30ec\u30df\u30a2\u30e0\u958b\u767a\u8cc7\u7523\u306b\u5bfe\u3059\u308b\u6295\u8cc7\u5bb6\u306e\u7d99\u7d9a\u7684\u306a\u95a2\u5fc3\u3092\u88cf\u4ed8\u3051\u3066\u3044\u307e\u3059\u3002<a href=\"#_ftn9\" name=\"_ftnref9\">[9]<\/a>.<\/p>\n<p>\u305d\u306e\u4ed6\u306e\u91cd\u8981\u306a\u4e0d\u52d5\u7523\u53d6\u5f15\u306b\u306f\u3001\u30b2\u30fc\u30c8\u30a6\u30a7\u30a4\u30fb\u30c8\u30a5\u30fb\u30c6\u30a3\u30a8\u30e0JSC\u306b\u3088\u308b\u30b5\u30a6\u30b9\u30fb\u30e9\u30c3\u30af\u30fb\u30c1\u30a8\u30c3\u30af\u30fb\u30b7\u30c6\u30a3LLC\u306e\u682a\u5f0f42%\u306e\u53d6\u5f97\uff08$99\u767e\u4e07\u30c9\u30eb\uff09\u304c\u542b\u307e\u308c\u308b\u3002<a href=\"#_ftn10\" name=\"_ftnref10\">[10]<\/a>\u3001UOA\u30d9\u30c8\u30ca\u30e0\u306f2025\u5e748\u6708\u306b\u30eb\u30d3\u30fc\u30b9\u30c8\u30ea\u30c3\u30d7\u6295\u8cc7\u4f1a\u793e\u3092$68\u767e\u4e07\u3067\u8cb7\u53ce\u3059\u308b\u4e88\u5b9a\u3067\u3042\u308b\u3002<a href=\"#_ftn11\" name=\"_ftnref11\">[11]<\/a>\u30db\u30fc\u30c1\u30df\u30f3\u5e02\u306e\u512a\u826f\u8cc7\u7523\u3092\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306b\u52a0\u3048\u305f\u3002\u3055\u3089\u306b\u3001\u30d3\u30ca\u30b3\u30cd\u30c3\u30af\u30b9\u30b0\u30eb\u30fc\u30d7\u306f7\u6708\u306b\u30d3\u30ca\u30b3\u30cd\u30c3\u30af\u30b9ITC\u306e\u682a\u5f0f70%\u3092\u56fd\u5185\u6295\u8cc7\u5bb63\u793e\u306b\u63a8\u5b9a1\u51044\u5343\u4e07\u30c8\u30f3\u30012\u51045\u5343\u4e07\uff5e3\u5104\u30c8\u30f3\u3067\u58f2\u5374\u3057\u305f\u3002<a href=\"#_ftn12\" name=\"_ftnref12\">[12]<\/a>\u3053\u306e\u30bb\u30af\u30bf\u30fc\u306e\u597d\u8abf\u306a\u696d\u7e3e\u306f\u3001\u6d41\u52d5\u6027\u72b6\u6cc1\u306e\u6539\u5584\u30012024\u5e74\u306e\u6539\u6b63\u571f\u5730\u6cd5\u306e\u65bd\u884c\u3001\u90fd\u5e02\u5316\u306b\u3088\u308b\u4f4f\u5b85\u30fb\u5546\u696d\u958b\u767a\u3078\u306e\u9700\u8981\u306e\u5897\u52a0\u306b\u652f\u3048\u3089\u308c\u307e\u3057\u305f\u3002<\/p>\n<h4><strong>\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u3068\u30c7\u30b8\u30bf\u30eb\u7d4c\u6e08<\/strong><\/h4>\n<p>\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u5206\u91ce\u306f\u8457\u3057\u3044\u6210\u9577\u306e\u52e2\u3044\u3092\u793a\u3057\u30012024\u5e74\u306e\u308f\u305a\u304b2\uff05\u304b\u30892025\u5e74\u7b2c1\u56db\u534a\u671f\u306b\u306f\u53d6\u5f15\u984d\u306e5\uff05\u3092\u5360\u3081\u308b\u306b\u81f3\u3063\u305f\u3002\u3053\u306e\u62e1\u5927\u306f\u3001\u30d9\u30c8\u30ca\u30e0\u306e\u52a0\u901f\u3059\u308b\u30c7\u30b8\u30bf\u30eb\u5909\u9769\u3068\u3001\u7279\u306b2025\u5e746\u6708\u306b\u53ef\u6c7a\u3055\u308c\u305f\u30c7\u30b8\u30bf\u30eb\u6280\u8853\u7523\u696d\u6cd5\u3092\u306f\u3058\u3081\u3068\u3059\u308b\u653f\u5e9c\u306e\u652f\u63f4\u7684\u306a\u898f\u5236\u67a0\u7d44\u307f\u3092\u53cd\u6620\u3057\u3066\u3044\u308b\u3002<\/p>\n<p>2025\u5e748\u6708\u3001\u65e5\u672c\u4f01\u696d\u306e\u30a2\u30d4\u30ea\u30c3\u30c4\u682a\u5f0f\u4f1a\u793e\u306f\u3001\u500b\u4eba\u682a\u4e3b\u304b\u3089\u30d6\u30f3\u30d6\u682a\u5f0f\u4f1a\u793e\u306e\u682a\u5f0f100%\u3092\u7d041\u51044\u5343\u4e07\u30c8\u30f3\uff08\u7d041\u51044\u5343\u4e07\u30c8\u30f3\uff09\u3067\u8cb7\u53ce\u3059\u308b\u3068\u767a\u8868\u3057\u307e\u3057\u305f\u3002\u8cb7\u53ce\u91d1\u984d\u306f\u73fe\u91d11\u51044\u5343\u4e07\u30c8\u30f3\u3001\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u5831\u916c1\u51044\u5343\u4e07\u30c8\u30f3\u3067\u3059\u30022010\u5e74\u306b\u8a2d\u7acb\u3055\u308c\u305f\u30d6\u30f3\u30d6\u306f\u3001\u65e5\u672c\u306e\u9867\u5ba2\u5411\u3051\u306bWeb\u3001\u30e2\u30d0\u30a4\u30eb\u3001AI\u30b7\u30b9\u30c6\u30e0\u306e\u958b\u767a\u3092\u5c02\u9580\u3068\u3057\u3066\u304a\u308a\u30012024\u5e74\u306e\u58f2\u4e0a\u9ad8\u306f1\u51044\u5343\u4e07\u30c8\u30f3\u3001\u7d14\u5229\u76ca\u306f1\u51044\u5343\u4e07\u30c8\u30f3\u3068\u4e88\u60f3\u3055\u308c\u3066\u3044\u307e\u3059\u3002<a href=\"#_ftn13\" name=\"_ftnref13\">[13]<\/a>\u6a5f\u68b0\u5b66\u7fd2\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306eRounds\u306f\u3001\u6025\u6210\u9577\u3059\u308b\u30e2\u30d0\u30a4\u30eb\u30a2\u30d7\u30ea\u5e02\u5834\u3092\u30bf\u30fc\u30b2\u30c3\u30c8\u306b\u30012025\u5e74\u3092\u901a\u3058\u3066\u30d9\u30c8\u30ca\u30e0\u3067\u975e\u30b2\u30fc\u30e0\u30a2\u30d7\u30ea\u30b1\u30fc\u30b7\u30e7\u30f3\u306e\u8cb7\u53ce\u3068\u30b5\u30dd\u30fc\u30c8\u306b1\u51044\u5343\u4e072\u5343\u4e07\u7c73\u30c9\u30eb\u3092\u6295\u3058\u308b\u3068\u767a\u8868\u3057\u307e\u3057\u305f\u3002<\/p>\n<h4><strong>\u30a8\u30cd\u30eb\u30ae\u30fc\u90e8\u9580 <\/strong><\/h4>\n<p>\u30a8\u30cd\u30eb\u30ae\u30fc\u90e8\u9580\u3067\u306f\u3001\u30d9\u30c8\u30ca\u30e0\u304c2050\u5e74\u307e\u3067\u306b\u30cd\u30c3\u30c8\u30bc\u30ed\u30ab\u30fc\u30dc\u30f3\u6392\u51fa\u3092\u9054\u6210\u3059\u308b\u3068\u3044\u3046\u30b3\u30df\u30c3\u30c8\u30e1\u30f3\u30c8\u306b\u6cbf\u3063\u3066\u3001\u5927\u898f\u6a21\u306a\u7d71\u5408\u6d3b\u52d5\u304c\u898b\u3089\u308c\u307e\u3057\u305f\u30022025\u5e747\u6708\u3001EnQuest PLC\u306fHarbour Energy\u306e\u30d9\u30c8\u30ca\u30e0\u4e8b\u696d\u30921\u51044\u5343\u4e07\u30c8\u30f3\uff08\u7d041\u51044\u5343\u4e07\u30c8\u30f3\uff09\u306e\u8868\u984c\u4fa1\u683c\u3067\u8cb7\u53ce\u3057\u307e\u3057\u305f\u3002\u4e2d\u9593\u671f\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u8abf\u6574\u5f8c\u306e\u5b9f\u969b\u306e\u652f\u6255\u5bfe\u4fa1\u306f\u7d041\u51044\u5343\u4e07\u30c8\u30f3\uff08\u7d041\u51044\u5343\u4e07\u30c8\u30f3\uff09\u3067\u3057\u305f\u3002\u3053\u306e\u8cb7\u53ce\u306b\u3088\u308a\u3001EnQuest\u306fChim Sao\u304a\u3088\u3073Dua\u306e\u751f\u7523\u6cb9\u7530\u306e53.12%\u306e\u682a\u5f0f\u3068\u64cd\u696d\u6a29\u3092\u53d6\u5f97\u3057\u307e\u3057\u305f\u3002<a href=\"#_ftn14\" name=\"_ftnref14\">[14]<\/a>.<\/p>\n<p>\u518d\u751f\u53ef\u80fd\u30a8\u30cd\u30eb\u30ae\u30fc\u5206\u91ce\u3067\u306f\u3001\u97d3\u56fd\u306e\u8907\u5408\u4f01\u696dOCI\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9\u304c\u30d9\u30c8\u30ca\u30e0\u3067\u958b\u767a\u4e2d\u306e\u592a\u967d\u5149\u30a6\u30a7\u30fc\u30cf\u88fd\u9020\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u3067\u3042\u308b\u30a8\u30ea\u30fc\u30c8\u30bd\u30fc\u30e9\u30fc\u30d1\u30ef\u30fc\u30a6\u30a7\u30fc\u30cf\u306e\u682a\u5f0f65%\u3092\u53d6\u5f97\u3057\u305f\u3002<a href=\"#_ftn15\" name=\"_ftnref15\">[15]<\/a>\u30ec\u30d0\u30f3\u30bf\u30fb\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u793e\u306f\u3001\u30b9\u30fc\u30d1\u30fc\u30fb\u30a8\u30ca\u30b8\u30fc\u30fb\u30b0\u30eb\u30fc\u30d7\u304b\u3089HBRE Gia Lai Wind Power JSC\u306e\u682a\u5f0f80%\u3092\u53d6\u5f97\u3059\u308b\u305f\u3081\u30011\u51044\u5343\u4e073,310\u4e07\u30c9\u30eb\u3092\u6295\u8cc7\u3057\u307e\u3057\u305f\u3002\u4e00\u65b9\u3001\u4f4f\u53cb\u5546\u4e8b\u306f\u30b0\u30ea\u30fc\u30f3\u30b9\u30d1\u30fc\u30af\u30fb\u30b0\u30eb\u30fc\u30d7\u304b\u3089Cuu Long Power Engineering Consulting and Development JSC\u306e\u682a\u5f0f49%\u3092\u53d6\u5f97\u3057\u307e\u3057\u305f\u3002\u30bb\u30e0\u30b3\u30fc\u30d7\u793e\u306f\u3001\u30bb\u30e0\u30b3\u30fc\u30d7\u30fb\u30bd\u30fc\u30e9\u30fc\u30fb\u30d9\u30c8\u30ca\u30e0\u3092\u901a\u3058\u306649\u30e1\u30ac\u30ef\u30c3\u30c8\u306e\u6c34\u529b\u767a\u96fb\u6240\u3092\u8cb7\u53ce\u3057\u307e\u3057\u305f\u3002\u3053\u306e\u767a\u96fb\u6240\u306f\u3001\u30b2\u30ec\u30c3\u30af\u30b9\u30fb\u30b0\u30eb\u30fc\u30d7JSC\u304b\u3089\u53d6\u5f97\u3057\u305f245\u30e1\u30ac\u30ef\u30c3\u30c8\u306e\u518d\u751f\u53ef\u80fd\u30a8\u30cd\u30eb\u30ae\u30fc\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u4e00\u90e8\u3067\u3059\u3002\u653f\u5e9c\u306e\u627f\u8a8d\u306f2025\u5e74\u672b\u307e\u3067\u3068\u898b\u8fbc\u307e\u308c\u3066\u3044\u307e\u3057\u305f\u304c\u3001\u9045\u5ef6\u304c\u767a\u751f\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<h4><strong>\u30d8\u30eb\u30b9\u30b1\u30a2\u3068\u533b\u85ac\u54c1<\/strong><\/h4>\n<p>\u30d9\u30c8\u30ca\u30e0\u306e\u6025\u901f\u306b\u6210\u9577\u3059\u308b\u6c11\u9593\u533b\u7642\u30fb\u88fd\u85ac\u30bb\u30af\u30bf\u30fc\u306f\u3001\u3088\u308a\u958b\u653e\u7684\u306a\u653f\u7b56\u306b\u652f\u3048\u3089\u308c\u3001\u5927\u578b\u6848\u4ef6\u3092\u8a98\u81f4\u3057\u3001\u540c\u56fd\u3092\u5730\u57df\u306e\u533b\u7642M&amp;A\u30de\u30c3\u30d7\u306b\u4f4d\u7f6e\u4ed8\u3051\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u3001Livzon Pharmaceutical Group\u304c2025\u5e745\u6708\u306bSK Group\u3068\u4ed6\u306e2\u3064\u306e\u682a\u4e3b\u304b\u3089Imexpharm\u306e\u682a\u5f0f64.81%\u3092\u53d6\u5f97\u3059\u308b\u5951\u7d04\u3092\u7de0\u7d50\u3057\u305f\u3053\u3068\u306b\u8c61\u5fb4\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u53d6\u5f15\u306f2\u51042,000\u4e07\u7c73\u30c9\u30eb\u3092\u8d85\u3048\u308b\u4fa1\u5024\u304c\u3042\u308a\u307e\u3059\u30027\u6708\u306b\u306f\u3001Quadria Capital\uff08\u30a2\u30b8\u30a2\u6700\u5927\u7d1a\u306e\u533b\u7642\u306b\u7279\u5316\u3057\u305f\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30a8\u30af\u30a4\u30c6\u30a3\u30d5\u30a1\u30f3\u30c9\u306e1\u3064\uff09\u306e\u95a2\u9023\u4f1a\u793e\u3067\u3042\u308b\u30b7\u30f3\u30ac\u30dd\u30fc\u30eb\u306b\u62e0\u70b9\u3092\u7f6e\u304fDale Investment Holdings\u304c\u3001Tam Tri Medical\u75c5\u9662\u30c1\u30a7\u30fc\u30f3\u306e\u682a\u5f0f73.15%\u3092\u53d6\u5f97\u3057\u307e\u3057\u305f\u3002\u3053\u306e\u53d6\u5f15\u306b\u306f\u3001VinaCapital\u306eVietnam Opportunity Fund\uff08VOF\uff09\u304b\u3089\u306e37.8%\u306e\u8cfc\u5165\u304c\u542b\u307e\u308c\u3001\u6b8b\u308a\u306e\u682a\u5f0f\u306f\u4ed6\u306e\u682a\u4e3b\u304b\u3089\u53d6\u5f97\u3055\u308c\u307e\u3057\u305f\u3002<a href=\"#_ftn16\" name=\"_ftnref16\">[16]<\/a>.<\/p>\n<h3><strong>\u7d50\u8ad6\u3068\u4eca\u5f8c\u306e\u5c55\u671b<\/strong><\/h3>\n<p>2025\u5e74\u306e\u30d9\u30c8\u30ca\u30e0\u306eM&amp;A\u5e02\u5834\u306f\u3001\u53d6\u5f15\u91cf\u91cd\u8996\u304b\u3089\u3001\u3088\u308a\u6226\u7565\u7684\u3067\u4fa1\u5024\u91cd\u8996\u306e\u8cb7\u53ce\u3078\u3068\u79fb\u884c\u3057\u307e\u3057\u305f\u3002\u5e73\u5747\u53d6\u5f15\u898f\u6a21\u306f2024\u5e74\u306b\u6bd4\u3079\u3066\u7e2e\u5c0f\u3057\u305f\u3082\u306e\u306e\u3001\u6295\u8cc7\u884c\u52d5\u306e\u6210\u719f\u5316\u3068\u6295\u8cc7\u5bb6\u306e\u9ad8\u5ea6\u5316\u3092\u53cd\u6620\u3057\u3001\u53d6\u5f15\u306e\u8cea\u3068\u6226\u7565\u7684\u59a5\u5f53\u6027\u306f\u5411\u4e0a\u3057\u307e\u3057\u305f\u30022026\u5e74\u306b\u5411\u3051\u3066\u306f\u3001\u5fcd\u8010\u5f37\u3044\u8cc7\u672c\u306e\u6d41\u5165\u3001\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u30ae\u30e3\u30c3\u30d7\u306e\u7de9\u548c\u3001\u5bb6\u65cf\u7d4c\u55b6\u4f01\u696d\u306e\u5f8c\u7d99\u8005\u30cb\u30fc\u30ba\u3001\u305d\u3057\u3066\u9032\u884c\u4e2d\u306e\u56fd\u6709\u4f01\u696d\u306e\u6c11\u55b6\u5316\u304c\u6210\u9577\u3092\u652f\u3048\u3001\u30d8\u30eb\u30b9\u30b1\u30a2\u3001\u6559\u80b2\u3001\u7269\u6d41\u3001\u305d\u306e\u4ed6\u306e\u751f\u6d3b\u5fc5\u9700\u30b5\u30fc\u30d3\u30b9\u304c\u5f15\u304d\u7d9a\u304d\u4e3b\u8981\u306a\u91cd\u70b9\u30bb\u30af\u30bf\u30fc\u3068\u306a\u308b\u3053\u3068\u304c\u671f\u5f85\u3055\u308c\u307e\u3059\u3002<\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>*\u3054\u6ce8\u610f: \u672c\u8a18\u4e8b\u306e\u60c5\u5831\u3092\u5f15\u7528\u3055\u308c\u308b\u5834\u5408\u306f\u3001\u8457\u4f5c\u6a29\u306e\u5c0a\u91cd\u306e\u305f\u3081\u306b\u3001\u51fa\u5178\u3068\u8a18\u4e8b\u306e\u30ea\u30f3\u30af\u3092\u660e\u8a18\u3057\u3066\u3044\u305f\u3060\u304d\u307e\u3059\u3088\u3046\u304a\u9858\u3044\u3044\u305f\u3057\u307e\u3059\u3002<\/em><\/p>\n<table width=\"715\">\n<tbody>\n<tr>\n<td width=\"711\"><strong><em>B&amp;Company\u682a\u5f0f\u4f1a\u793e<\/em><\/strong><\/p>\n<p>2008\u5e74\u306b\u8a2d\u7acb\u3055\u308c\u3001\u30d9\u30c8\u30ca\u30e0\u306b\u304a\u3051\u308b\u65e5\u7cfb\u521d\u306e\u672c\u683c\u7684\u306a\u5e02\u5834\u8abf\u67fb\u30b5\u30fc\u30d3\u30b9\u4f01\u696d\u3068\u3057\u3066\u3001\u696d\u754c\u30ec\u30dd\u30fc\u30c8\u3001\u696d\u754c\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3001\u6d88\u8cbb\u8005\u8abf\u67fb\u3001\u30d3\u30b8\u30cd\u30b9\u30de\u30c3\u30c1\u30f3\u30b0\u306a\u3069\u5e45\u5e83\u3044\u30b5\u30fc\u30d3\u30b9\u3092\u63d0\u4f9b\u3057\u3066\u304d\u307e\u3057\u305f\u3002\u307e\u305f\u6700\u8fd1\u3067\u306f90\u4e07\u793e\u3092\u8d85\u3048\u308b\u5728\u30d9\u30c8\u30ca\u30e0\u4f01\u696d\u306e\u30c7\u30fc\u30bf\u30d9\u30fc\u30b9\u3092\u6574\u5099\u3057\u3001\u4f01\u696d\u306e\u30d1\u30fc\u30c8\u30ca\u30fc\u63a2\u7d22\u3084\u5e02\u5834\u5206\u6790\u306b\u6d3b\u7528\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u304a\u6c17\u8efd\u306b\u304a\u554f\u3044\u5408\u308f\u305b\u304f\u3060\u3055\u3044<\/p>\n<p><a href=\"mailto:info@b-company.jp\"><em>info@b-company.jp<\/em><\/a><em>\u00a0<strong>+ (84) 28 3910 3913<\/strong><\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a href=\"#_ftnref1\" name=\"_ftn1\">[1]<\/a> <a href=\"https:\/\/vcci.com.vn\/news\/xu-huong-nao-se-dinh-hinh-cac-hoat-dong-ma-trong-nam-2026\">https:\/\/vcci.com.vn\/news\/xu-huong-nao-se-dinh-hinh-cac-hoat-dong-ma-trong-nam-2026<\/a><\/p>\n<p><a href=\"#_ftnref2\" name=\"_ftn2\">[2]<\/a> <a href=\"https:\/\/diendandoanhnghiep.vn\/tram-lang-sau-10-thang-2024-thi-truong-m-a-duoc-du-bao-se-soi-dong-tro-lai-10146319.html\">https:\/\/diendandoanhnghiep.vn\/tram-lang-sau-10-thang-2024-thi-truong-m-a-duoc-du-bao-se-soi-dong-tro-lai-10146319.html<\/a><\/p>\n<p><a href=\"#_ftnref3\" name=\"_ftn3\">[3]<\/a> <a href=\"https:\/\/mekongasean.vn\/von-ngoai-do-manh-vao-ma-viet-nam-trong-thang-cuoi-nam-2025-51064.html\">https:\/\/mekongasean.vn\/von-ngoai-do-manh-vao-ma-viet-nam-trong-thang-cuoi-nam-2025-51064.html<\/a><\/p>\n<p><a href=\"#_ftnref4\" name=\"_ftn4\">[4]<\/a> <a href=\"https:\/\/diendandoanhnghiep.vn\/thi-truong-m-a-viet-nam-trien-vong-cung-cac-thuong-vu-lon-ty-do-10167188.html\">https:\/\/diendandoanhnghiep.vn\/thi-truong-m-a-viet-nam-trien-vong-cung-cac-thuong-vu-lon-ty-do-10167188.html<\/a><\/p>\n<p><a href=\"#_ftnref5\" name=\"_ftn5\">[5]<\/a> <a href=\"https:\/\/mekongasean.vn\/von-ngoai-do-manh-vao-ma-viet-nam-trong-thang-cuoi-nam-2025-51064.html\">https:\/\/mekongasean.vn\/von-ngoai-do-manh-vao-ma-viet-nam-trong-thang-cuoi-nam-2025-51064.html<\/a><\/p>\n<p><a href=\"#_ftnref6\" name=\"_ftn6\">[6]<\/a> <a href=\"https:\/\/mekongasean.vn\/von-ngoai-do-manh-vao-ma-viet-nam-trong-thang-cuoi-nam-2025-51064.html\">https:\/\/mekongasean.vn\/von-ngoai-do-manh-vao-ma-viet-nam-trong-thang-cuoi-nam-2025-51064.html<\/a><\/p>\n<p><a href=\"#_ftnref7\" name=\"_ftn7\">[7]<\/a> <a href=\"https:\/\/cafef.vn\/dai-gia-thai-cat-lo-dau-don-sau-10-nam-mua-nguyen-kim-bi-dai-gia-viet-dien-may-xanh-fpt-shop-ep-nghet-tho-188251224003205766.chn\">https:\/\/cafef.vn\/dai-gia-thai-cat-lo-dau-don-sau-10-nam-mua-nguyen-kim-bi-dai-gia-viet-dien-may-xanh-fpt-shop-ep-nghet-tho-188251224003205766.chn<\/a><\/p>\n<p><a href=\"#_ftnref8\" name=\"_ftn8\">[8]<\/a> <a href=\"https:\/\/www.dnse.com.vn\/senses\/tin-tuc\/vinfast-va-gelex-hoan-tat-loat-thuong-vu-ma-lon-35129635\">https:\/\/www.dnse.com.vn\/senses\/tin-tuc\/vinfast-va-gelex-hoan-tat-loat-thuong-vu-ma-lon-35129635<\/a><\/p>\n<p><a href=\"#_ftnref9\" name=\"_ftn9\">[9]<\/a> <a href=\"https:\/\/vietstock.vn\/2025\/12\/cach-uob-am-tham-nhay-vao-thi-truong-bat-dong-san-viet-nam-4222-1378975.htm\">https:\/\/vietstock.vn\/2025\/12\/cach-uob-am-tham-nhay-vao-thi-truong-bat-dong-san-viet-nam-4222-1378975.htm<\/a><\/p>\n<p><a href=\"#_ftnref10\" name=\"_ftn10\">[10]<\/a> <a href=\"https:\/\/vcci.com.vn\/tin-tuc\/ma-bat-dong-san-nua-dau-nam-no-nhieu-thuong-vu-lon-khoi-noi-dan-dat-thi-truong\">https:\/\/vcci.com.vn\/tin-tuc\/ma-bat-dong-san-nua-dau-nam-no-nhieu-thuong-vu-lon-khoi-noi-dan-dat-thi-truong<\/a><\/p>\n<p><a href=\"#_ftnref11\" name=\"_ftn11\">[11]<\/a> <a href=\"https:\/\/cafef.vn\/thuong-vu-1700-ty-tai-loi-trung-tam-tphcm-cuoc-san-dat-vang-cua-dai-gia-bat-dong-san-malaysia-sau-su-xuat-hien-cua-cac-ga-khong-lo-bytedancemarvell-188250815234136123.chn\">https:\/\/cafef.vn\/thuong-vu-1700-ty-tai-loi-trung-tam-tphcm-cuoc-san-dat-vang-cua-dai-gia-bat-dong-san-malaysia-sau-su-xuat-hien-cua-cac-ga-khong-lo-bytedancemarvell-188250815234136123.chn<\/a><\/p>\n<p><a href=\"#_ftnref12\" name=\"_ftn12\">[12]<\/a> <a href=\"https:\/\/cafef.vn\/chi-trong-1-thang-gia-tri-mua-ban-sap-nhap-cac-du-an-bat-dong-san-ca-nuoc-dat-gan-nua-ty-do-188250814180212846.chn\">https:\/\/cafef.vn\/chi-trong-1-thang-gia-tri-mua-ban-sap-nhap-cac-du-an-bat-dong-san-ca-nuoc-dat-gan-nua-ty-do-188250814180212846.chn<\/a><\/p>\n<p><a href=\"#_ftnref13\" name=\"_ftn13\">[13]<\/a> <a href=\"https:\/\/vietstock.vn\/2025\/09\/18-thuong-vu-ma-viet-nam-trong-thang-8-tri-gia-hon-22-ty-usd-764-1353361.htm\">https:\/\/vietstock.vn\/2025\/09\/18-thuong-vu-ma-viet-nam-trong-thang-8-tri-gia-hon-22-ty-usd-764-1353361.htm<\/a><\/p>\n<p><a href=\"#_ftnref14\" name=\"_ftn14\">[14]<\/a> <a href=\"https:\/\/www.enquest.com\/media\/press-releases\/article\/acquisition-of-harbour-energys-vietnam-business-july-25\">https:\/\/www.enquest.com\/media\/press-releases\/article\/acquisition-of-harbour-energys-vietnam-business-july-25<\/a>?<\/p>\n<p><a href=\"#_ftnref15\" name=\"_ftn15\">[15]<\/a> <a 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\u3068\u6295\u8cc7\u306e\u7269\u8a9e\u3092\u3069\u306e\u3088\u3046\u306b\u5f62\u4f5c\u3063\u3066\u304d\u305f\u304b\u3092\u691c\u8a3c\u3057\u307e\u3059\u3002<\/p>","protected":false},"author":12,"featured_media":23646,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1357,85],"tags":[1459,1919],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v15.1.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Summary of Outstanding M&amp;A deals in Vietnam in 2025 - B-Company<\/title>\n<meta name=\"description\" content=\"This article reviews the most significant deals of 2025 and examines how they have shaped Vietnam\u2019s evolving M&amp;A and investment narrative.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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