{"id":25811,"date":"2026-09-07T18:04:27","date_gmt":"2026-09-07T11:04:27","guid":{"rendered":"https:\/\/b-company.jp\/?p=25811"},"modified":"2026-09-08T17:22:20","modified_gmt":"2026-09-08T10:22:20","slug":"complete-guide-to-ma-in-vietnam-latest-market-trends-and-outlook-for-2026","status":"publish","type":"post","link":"https:\/\/b-company.jp\/vi\/complete-guide-to-ma-in-vietnam-latest-market-trends-and-outlook-for-2026\/","title":{"rendered":"H\u01b0\u1edbng d\u1eabn \u0111\u1ea7y \u0111\u1ee7 v\u1ec1 M&A t\u1ea1i Vi\u1ec7t Nam | Xu h\u01b0\u1edbng th\u1ecb tr\u01b0\u1eddng m\u1edbi nh\u1ea5t v\u00e0 tri\u1ec3n v\u1ecdng n\u0103m 2026"},"content":{"rendered":"

\"B&Company-Vietnam<\/a><\/p>\n

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B&Company l\u00e0 c\u00f4ng ty Nh\u1eadt B\u1ea3n \u0111\u1ea7u ti\u00ean chuy\u00ean v\u1ec1 nghi\u00ean c\u1ee9u th\u1ecb tr\u01b0\u1eddng v\u00e0 t\u01b0 v\u1ea5n \u0111\u1ea7u t\u01b0 t\u1ea1i Vi\u1ec7t Nam k\u1ec3 t\u1eeb n\u0103m 2008.<\/em><\/p>\n

B\u00e0i vi\u1ebft n\u00e0y \u0111\u01b0\u1ee3c vi\u1ebft b\u1eb1ng ti\u1ebfng Anh v\u00e0 s\u1eed d\u1ee5ng b\u1ea3n d\u1ecbch t\u1ef1 \u0111\u1ed9ng cho c\u00e1c phi\u00ean b\u1ea3n ng\u00f4n ng\u1eef kh\u00e1c. Xin vui l\u00f2ng tham kh\u1ea3o phi\u00ean b\u1ea3n ti\u1ebfng Anh \u0111\u1ec3 c\u00f3 n\u1ed9i dung ch\u00ednh x\u00e1c. M\u1eb7c d\u00f9 ch\u00fang t\u00f4i c\u1ed1 g\u1eafng \u0111\u1ea3m b\u1ea3o \u0111\u1ed9 ch\u00ednh x\u00e1c c\u1ee7a th\u00f4ng tin g\u1ed1c, xin h\u00e3y ki\u1ec3m tra ri\u00eang cho t\u1eebng th\u00f4ng tin. C\u00e1c di\u1ec5n gi\u1ea3i v\u00e0 tri\u1ec3n v\u1ecdng trong t\u01b0\u01a1ng lai l\u00e0 quan \u0111i\u1ec3m c\u00e1 nh\u00e2n c\u1ee7a t\u1eebng nh\u00e0 nghi\u00ean c\u1ee9u. <\/p>\n<\/div>\n\t

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\n\t\t\t\n\t\t<\/div>\n\t<\/div>\n<\/em><\/p>\n

Th\u1ecb tr\u01b0\u1eddng M&A c\u1ee7a Vi\u1ec7t Nam \u0111ang b\u01b0\u1edbc v\u00e0o giai \u0111o\u1ea1n thay \u0111\u1ed5i c\u01a1 c\u1ea5u, v\u1edbi s\u1ed1 l\u01b0\u1ee3ng giao d\u1ecbch gi\u1ea3m trong khi quy m\u00f4 giao d\u1ecbch b\u00ecnh qu\u00e2n t\u0103ng l\u00ean. Trong n\u1eeda \u0111\u1ea7u n\u0103m 2026, c\u00e1c th\u01b0\u01a1ng v\u1ee5 l\u1edbn li\u00ean quan \u0111\u1ebfn t\u00e1i c\u1ea5u tr\u00fac v\u1ed1n do nh\u00e0 \u0111\u1ea7u t\u01b0 trong n\u01b0\u1edbc d\u1eabn d\u1eaft, c\u00f9ng v\u1edbi c\u00e1c giao d\u1ecbch quy m\u00f4 l\u1edbn trong l\u0129nh v\u1ef1c du l\u1ecbch v\u00e0 b\u1ea5t \u0111\u1ed9ng s\u1ea3n, \u0111\u00e3 cho th\u1ea5y m\u1ee9c \u0111\u1ed9 ph\u00e1t tri\u1ec3n ng\u00e0y c\u00e0ng cao c\u1ee7a th\u1ecb tr\u01b0\u1eddng. D\u1ef1a tr\u00ean d\u1eef li\u1ec7u m\u1edbi nh\u1ea5t, b\u00e0i vi\u1ebft n\u00e0y cung c\u1ea5p th\u00f4ng tin th\u1ef1c ti\u1ec5n cho c\u00e1c doanh nghi\u1ec7p Nh\u1eadt B\u1ea3n \u0111ang c\u00e2n nh\u1eafc gia nh\u1eadp th\u1ecb tr\u01b0\u1eddng ho\u1eb7c th\u1ef1c hi\u1ec7n M&A t\u1ea1i Vi\u1ec7t Nam, bao g\u1ed3m xu h\u01b0\u1edbng th\u1ecb tr\u01b0\u1eddng, c\u00e1c ph\u01b0\u01a1ng \u00e1n c\u1ea5u tr\u00fac giao d\u1ecbch, th\u1ef1c ti\u1ec5n th\u1ea9m \u0111\u1ecbnh chuy\u00ean s\u00e2u v\u00e0 c\u00e1c case study \u0111\u00e1ng ch\u00fa \u00fd.<\/p>\n

Xu h\u01b0\u1edbng m\u1edbi nh\u1ea5t c\u1ee7a th\u1ecb tr\u01b0\u1eddng M&A t\u1ea1i Vi\u1ec7t Nam<\/strong><\/h3>\n

Theo d\u00f5i h\u00e0ng th\u00e1ng c\u1ee7a Grant Thornton Vietnam cho th\u1ea5y c\u00f3 126 th\u01b0\u01a1ng v\u1ee5 M&A \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1 t\u1ea1i Vi\u1ec7t Nam trong giai \u0111o\u1ea1n t\u1eeb th\u00e1ng 1 \u0111\u1ebfn th\u00e1ng 6 n\u0103m 2026. Trong s\u1ed1 n\u00e0y, gi\u00e1 tr\u1ecb giao d\u1ecbch \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1 ho\u1eb7c c\u00f3 th\u1ec3 \u01b0\u1edbc t\u00ednh \u0111\u1ed1i v\u1edbi 89 th\u01b0\u01a1ng v\u1ee5, v\u1edbi t\u1ed5ng gi\u00e1 tr\u1ecb kho\u1ea3ng 2,43-2,50 t\u1ef7 USD. So v\u1edbi c\u00f9ng k\u1ef3 n\u0103m tr\u01b0\u1edbc, s\u1ed1 l\u01b0\u1ee3ng giao d\u1ecbch gi\u1ea3m kho\u1ea3ng 20%, trong khi t\u1ed5ng gi\u00e1 tr\u1ecb giao d\u1ecbch t\u0103ng kho\u1ea3ng 14%. \u0110i\u1ec1u n\u00e0y cho th\u1ea5y xu h\u01b0\u1edbng chuy\u1ec3n d\u1ecbch sang \u00edt th\u01b0\u01a1ng v\u1ee5 h\u01a1n nh\u01b0ng quy m\u00f4 l\u1edbn h\u01a1n. Quy m\u00f4 giao d\u1ecbch b\u00ecnh qu\u00e2n \u0111\u1ea1t kho\u1ea3ng 27-28 tri\u1ec7u USD.<\/p>\n

X\u00e9t theo qu\u00fd, ph\u1ea7n l\u1edbn gi\u00e1 tr\u1ecb giao d\u1ecbch trong n\u1eeda \u0111\u1ea7u n\u0103m t\u1eadp trung v\u00e0o qu\u00fd II. Ri\u00eang th\u00e1ng 5 v\u00e0 th\u00e1ng 6 \u0111\u00e3 chi\u1ebfm kho\u1ea3ng 71% t\u1ed5ng gi\u00e1 tr\u1ecb ghi nh\u1eadn trong n\u1eeda \u0111\u1ea7u n\u0103m 2026. Trong th\u00e1ng 6, c\u00f3 33 th\u01b0\u01a1ng v\u1ee5 \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1, trong \u0111\u00f3 gi\u00e1 tr\u1ecb c\u1ee7a 29 giao d\u1ecbch \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1 ho\u1eb7c c\u00f3 th\u1ec3 \u01b0\u1edbc t\u00ednh, v\u1edbi t\u1ed5ng gi\u00e1 tr\u1ecb kho\u1ea3ng 1 t\u1ef7 USD.<\/p>\n

X\u00e9t v\u1ec1 s\u1ed1 l\u01b0\u1ee3ng giao d\u1ecbch, b\u1ea5t \u0111\u1ed9ng s\u1ea3n \u0111\u1ee9ng \u0111\u1ea7u v\u1edbi s\u00e1u th\u01b0\u01a1ng v\u1ee5, ti\u1ebfp theo l\u00e0 h\u00e0ng ti\u00eau d\u00f9ng v\u1edbi n\u0103m th\u01b0\u01a1ng v\u1ee5. C\u00f4ng ngh\u1ec7, x\u00e2y d\u1ef1ng v\u00e0 k\u1ef9 thu\u1eadt, t\u00e0i ch\u00ednh v\u00e0 ti\u1ec7n \u00edch \u0111\u1ec1u ghi nh\u1eadn ba th\u01b0\u01a1ng v\u1ee5. V\u1ec1 gi\u00e1 tr\u1ecb giao d\u1ecbch, b\u1ea5t \u0111\u1ed9ng s\u1ea3n, v\u1edbi kho\u1ea3ng 322,3 tri\u1ec7u USD, v\u00e0 du l\u1ecbch v\u00e0 kh\u00e1ch s\u1ea1n, v\u1edbi kho\u1ea3ng 313,5 tri\u1ec7u USD, l\u00e0 nh\u1eefng l\u0129nh v\u1ef1c n\u1ed5i b\u1eadt. Hai l\u0129nh v\u1ef1c n\u00e0y c\u1ed9ng l\u1ea1i chi\u1ebfm kho\u1ea3ng 63% t\u1ed5ng gi\u00e1 tr\u1ecb giao d\u1ecbch trong th\u00e1ng 6.<\/p>\n

Nh\u1eefng di\u1ec5n bi\u1ebfn n\u00e0y c\u0169ng ph\u00f9 h\u1ee3p v\u1edbi xu h\u01b0\u1edbng ghi nh\u1eadn trong su\u1ed1t n\u0103m 2025. Theo Grant Thornton, Vi\u1ec7t Nam \u0111\u00e3 ghi nh\u1eadn 367 giao d\u1ecbch M&A trong n\u0103m 2025, v\u1edbi t\u1ed5ng gi\u00e1 tr\u1ecb \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1 kho\u1ea3ng 8,7 t\u1ef7 USD, t\u0103ng 26% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m tr\u01b0\u1edbc. Nh\u00e0 \u0111\u1ea7u t\u01b0 trong n\u01b0\u1edbc v\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 chi\u1ebfn l\u01b0\u1ee3c trong khu v\u1ef1c \u0111\u00f3ng vai tr\u00f2 d\u1eabn d\u1eaft, trong \u0111\u00f3 ri\u00eang nh\u00e0 \u0111\u1ea7u t\u01b0 trong n\u01b0\u1edbc chi\u1ebfm g\u1ea7n m\u1ed9t n\u1eeda t\u1ed5ng gi\u00e1 tr\u1ecb giao d\u1ecbch.<\/p>\n

M\u1ed9t s\u1ed1 y\u1ebfu t\u1ed1 t\u1eeb ph\u00eda ngu\u1ed3n cung \u0111ang g\u00f3p ph\u1ea7n t\u1ea1o n\u00ean xu h\u01b0\u1edbng n\u00e0y, bao g\u1ed3m \u00e1p l\u1ef1c chuy\u1ec3n giao th\u1ebf h\u1ec7 t\u1ea1i c\u00e1c doanh nghi\u1ec7p do nh\u00e0 s\u00e1ng l\u1eadp \u0111i\u1ec1u h\u00e0nh, y\u00eau c\u1ea7u tho\u00e1i v\u1ed1n c\u1ee7a c\u00e1c qu\u1ef9 \u0111\u1ea7u t\u01b0 t\u01b0 nh\u00e2n \u0111\u00e3 \u0111\u1ea7u t\u01b0 trong giai \u0111o\u1ea1n 2019-2020, v\u00e0 c\u00e1c ch\u01b0\u01a1ng tr\u00ecnh tho\u00e1i v\u1ed1n c\u1ee7a doanh nghi\u1ec7p nh\u00e0 n\u01b0\u1edbc. Nh\u1eefng y\u1ebfu t\u1ed1 n\u00e0y \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng s\u1ebd t\u1ea1o ra ph\u1ea1m vi c\u01a1 h\u1ed9i giao d\u1ecbch r\u1ed9ng h\u01a1n n\u1eefa trong nh\u1eefng n\u0103m t\u1edbi.<\/p>\n

Xu h\u01b0\u1edbng quy m\u00f4 th\u1ecb tr\u01b0\u1eddng M&A Vi\u1ec7t Nam: S\u1ed1 l\u01b0\u1ee3ng v\u00e0 gi\u00e1 tr\u1ecb giao d\u1ecbch<\/strong><\/p>\n\n\n\n\n\n\n
Giai \u0111o\u1ea1n<\/strong><\/td>\nC\u00e1c giao d\u1ecbch \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1<\/strong><\/td>\nC\u00e1c giao d\u1ecbch c\u00f3 gi\u00e1 tr\u1ecb \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1\/\u01b0\u1edbc t\u00ednh<\/strong><\/td>\nT\u1ed5ng gi\u00e1 tr\u1ecb giao d\u1ecbch<\/strong><\/td>\nM\u1ee9c thay \u0111\u1ed5i so v\u1edbi c\u00f9ng k\u1ef3: s\u1ed1 l\u01b0\u1ee3ng giao d\u1ecbch<\/strong><\/td>\nM\u1ee9c thay \u0111\u1ed5i so v\u1edbi c\u00f9ng k\u1ef3: gi\u00e1 tr\u1ecb<\/strong><\/td>\n<\/tr>\n
Th\u00e1ng 1-6 n\u0103m 2026<\/td>\n126<\/td>\n89<\/td>\nKho\u1ea3ng 2,43-2,50 t\u1ef7 USD<\/td>\nKho\u1ea3ng -20%<\/td>\nKho\u1ea3ng +14%<\/td>\n<\/tr>\n
Th\u00e1ng 6 n\u0103m 2026<\/td>\n33<\/td>\n29<\/td>\nKho\u1ea3ng 1 t\u1ef7 USD<\/td>\n\u2013<\/td>\n\u2013<\/td>\n<\/tr>\n
C\u1ea3 n\u0103m 2025<\/td>\n367<\/td>\n\u2013<\/td>\nKho\u1ea3ng 8,7 t\u1ef7 USD<\/td>\n\u2013<\/td>\n+26%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/strong>\"Trend<\/p>\n

Ngu\u1ed3n: B&Company<\/p>\n

L\u1ee3i \u00edch v\u00e0 nh\u1eefng c\u00e2n nh\u1eafc ch\u00ednh c\u1ee7a M&A t\u1ea1i Vi\u1ec7t Nam<\/strong><\/h3>\n

Nh\u1eefng l\u1ee3i \u00edch ch\u00ednh c\u1ee7a M&A<\/strong><\/h4>\n

\u01afu \u0111i\u1ec3m l\u1edbn nh\u1ea5t c\u1ee7a vi\u1ec7c s\u1eed d\u1ee5ng M&A \u0111\u1ec3 th\u00e2m nh\u1eadp th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam l\u00e0 t\u1ed1c \u0111\u1ed9. B\u1eb1ng c\u00e1ch mua l\u1ea1i m\u1ed9t c\u00f4ng ty hi\u1ec7n h\u1eefu, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 ti\u1ebfp nh\u1eadn c\u00e1c gi\u1ea5y ph\u00e9p v\u00e0 ch\u1ea5p thu\u1eadn t\u1ea1i \u0111\u1ecba ph\u01b0\u01a1ng, t\u1ec7p kh\u00e1ch h\u00e0ng, m\u1ea1ng l\u01b0\u1edbi ph\u00e2n ph\u1ed1i v\u00e0 l\u1ef1c l\u01b0\u1ee3ng lao \u0111\u1ed9ng c\u1ee7a c\u00f4ng ty \u0111\u00f3, qua \u0111\u00f3 r\u00fat ng\u1eafn \u0111\u00e1ng k\u1ec3 th\u1eddi gian c\u1ea7n thi\u1ebft \u0111\u1ec3 tri\u1ec3n khai ho\u1ea1t \u0111\u1ed9ng so v\u1edbi \u0111\u1ea7u t\u01b0 x\u00e2y m\u1edbi. Ngo\u00e0i ra, vi\u1ec7c mua l\u1ea1i m\u1ed9t c\u00f4ng ty \u0111\u00e3 c\u00f3 l\u1ecbch s\u1eed ho\u1ea1t \u0111\u1ed9ng \u1ed5n \u0111\u1ecbnh trong m\u1ed9t s\u1ed1 tr\u01b0\u1eddng h\u1ee3p c\u00f3 th\u1ec3 gi\u00fap tr\u00e1nh s\u1ef1 ph\u1ee9c t\u1ea1p khi xin gi\u1ea5y ph\u00e9p m\u1edbi trong c\u00e1c ng\u00e0nh \u0111\u01b0\u1ee3c qu\u1ea3n l\u00fd.<\/p>\n

Nh\u1eefng b\u1ea5t l\u1ee3i v\u00e0 r\u1ee7i ro \u0111\u1eb7c th\u00f9 c\u1ee7a M&A<\/strong><\/h4>\n

\u0110\u1ed3ng th\u1eddi, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n l\u01b0u \u00fd r\u1ee7i ro ph\u1ea3i ti\u1ebfp nh\u1eadn c\u00e1c kho\u1ea3n n\u1ee3 ngo\u00e0i b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n, thu\u1ebf ch\u01b0a n\u1ed9p v\u00e0 c\u00e1c v\u1ea5n \u0111\u1ec1 lao \u0111\u1ed9ng ch\u01b0a \u0111\u01b0\u1ee3c gi\u1ea3i quy\u1ebft c\u1ee7a c\u00f4ng ty m\u1ee5c ti\u00eau. Th\u1ef1c ti\u1ec5n k\u1ebf to\u00e1n t\u1ea1i Vi\u1ec7t Nam c\u00f3 nhi\u1ec1u \u0111i\u1ec3m kh\u00e1c bi\u1ec7t so v\u1edbi Nh\u1eadt B\u1ea3n, v\u00e0 b\u00e1o c\u00e1o t\u00e0i ch\u00ednh kh\u00f4ng ph\u1ea3i l\u00fac n\u00e0o c\u0169ng ph\u1ea3n \u00e1nh \u0111\u1ea7y \u0111\u1ee7 t\u00ecnh tr\u1ea1ng th\u1ef1c t\u1ebf c\u1ee7a doanh nghi\u1ec7p.<\/p>\n

Qu\u00e1 tr\u00ecnh t\u00edch h\u1ee3p t\u1ed5 ch\u1ee9c sau mua l\u1ea1i c\u0169ng c\u00f3 th\u1ec3 c\u1ea7n nhi\u1ec1u th\u1eddi gian v\u00e0 chi ph\u00ed h\u01a1n d\u1ef1 ki\u1ebfn ban \u0111\u1ea7u. V\u00ec v\u1eady, n\u00ean l\u1eadp k\u1ebf ho\u1ea1ch tr\u00ean c\u01a1 s\u1edf gi\u1ea3 \u0111\u1ecbnh r\u1eb1ng vi\u1ec7c t\u00edch h\u1ee3p c\u00f3 th\u1ec3 di\u1ec5n ra ch\u1eadm h\u01a1n so v\u1edbi k\u1ef3 v\u1ecdng ban \u0111\u1ea7u.<\/p>\n

S\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa giao d\u1ecbch mua c\u1ed5 ph\u1ea7n, mua t\u00e0i s\u1ea3n v\u00e0 li\u00ean doanh<\/strong><\/h3>\n

\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a giao d\u1ecbch mua c\u1ed5 ph\u1ea7n<\/strong><\/h4>\n

Giao d\u1ecbch mua c\u1ed5 ph\u1ea7n bao g\u1ed3m vi\u1ec7c mua l\u1ea1i c\u1ed5 ph\u1ea7n c\u1ee7a c\u00f4ng ty m\u1ee5c ti\u00eau v\u00e0 ti\u1ebfp nh\u1eadn quy\u1ec1n qu\u1ea3n l\u00fd c\u00f9ng v\u1edbi c\u00e1c h\u1ee3p \u0111\u1ed3ng, gi\u1ea5y ph\u00e9p, gi\u1ea5y ph\u00e9p con v\u00e0 ng\u01b0\u1eddi lao \u0111\u1ed9ng hi\u1ec7n c\u00f3 c\u1ee7a c\u00f4ng ty \u0111\u00f3. M\u1eb7c d\u00f9 th\u1ee7 t\u1ee5c t\u01b0\u01a1ng \u0111\u1ed1i \u0111\u01a1n gi\u1ea3n, b\u00ean mua c\u0169ng ph\u1ea3i ch\u1ea5p nh\u1eadn r\u1ee7i ro k\u1ebf th\u1eeba c\u00e1c kho\u1ea3n n\u1ee3 v\u00e0 ngh\u0129a v\u1ee5 c\u1ee7a c\u00f4ng ty, bao g\u1ed3m c\u1ea3 c\u00e1c ngh\u0129a v\u1ee5 ngo\u00e0i b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n.<\/p>\n

\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a giao d\u1ecbch mua t\u00e0i s\u1ea3n<\/strong><\/h4>\n

Giao d\u1ecbch mua t\u00e0i s\u1ea3n cho ph\u00e9p b\u00ean mua l\u1ef1a ch\u1ecdn ch\u1ec9 mua c\u00e1c t\u00e0i s\u1ea3n ho\u1eb7c ho\u1ea1t \u0111\u1ed9ng kinh doanh m\u00e0 m\u00ecnh c\u1ea7n, qua \u0111\u00f3 d\u1ec5 d\u00e0ng h\u1ea1n ch\u1ebf r\u1ee7i ro ph\u00e1t sinh ngh\u0129a v\u1ee5 n\u1ee3. Tuy nhi\u00ean, c\u00e1c gi\u1ea5y ph\u00e9p, gi\u1ea5y ph\u00e9p con v\u00e0 quan h\u1ec7 h\u1ee3p \u0111\u1ed3ng th\u01b0\u1eddng c\u1ea7n ph\u1ea3i \u0111\u01b0\u1ee3c xin c\u1ea5p ho\u1eb7c k\u00fd k\u1ebft l\u1ea1i ri\u00eang l\u1ebb, \u0111i\u1ec1u n\u00e0y th\u01b0\u1eddng l\u00e0m t\u0103ng g\u00e1nh n\u1eb7ng h\u00e0nh ch\u00ednh.<\/p>\n

\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a li\u00ean doanh<\/strong><\/h4>\n

Li\u00ean doanh l\u00e0 m\u1ed9t c\u1ea5u tr\u00fac trong \u0111\u00f3 ho\u1ea1t \u0111\u1ed9ng kinh doanh \u0111\u01b0\u1ee3c v\u1eadn h\u00e0nh chung v\u1edbi m\u1ed9t \u0111\u1ed1i t\u00e1c \u0111\u1ecba ph\u01b0\u01a1ng. M\u1ed9t \u01b0u \u0111i\u1ec3m l\u00e0 gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1eadn d\u1ee5ng \u0111\u01b0\u1ee3c hi\u1ec3u bi\u1ebft c\u1ee7a \u0111\u1ed1i t\u00e1c \u0111\u1ecba ph\u01b0\u01a1ng v\u1ec1 th\u00f4ng l\u1ec7 kinh doanh v\u00e0 m\u1ea1ng l\u01b0\u1edbi quan h\u1ec7. M\u1eb7t kh\u00e1c, t\u1ed1c \u0111\u1ed9 ra quy\u1ebft \u0111\u1ecbnh v\u00e0 m\u1ee9c \u0111\u1ed9 th\u1ed1ng nh\u1ea5t v\u1ec1 ch\u00ednh s\u00e1ch qu\u1ea3n l\u00fd c\u00f3 th\u1ec3 kh\u00e1c bi\u1ec7t \u0111\u00e1ng k\u1ec3 t\u00f9y thu\u1ed9c v\u00e0o vi\u1ec7c l\u1ef1a ch\u1ecdn \u0111\u1ed1i t\u00e1c.<\/p>\n

Quy tr\u00ecnh \u0111i\u1ec3n h\u00ecnh tr\u01b0\u1edbc m\u1ed9t giao d\u1ecbch M&A<\/strong><\/h3>\n

Quy tr\u00ecnh M&A t\u1ea1i Vi\u1ec7t Nam th\u01b0\u1eddng b\u1eaft \u0111\u1ea7u b\u1eb1ng vi\u1ec7c k\u00fd k\u1ebft LOI (Letter of Intent), sau \u0111\u00f3 l\u00e0 th\u1ea9m \u0111\u1ecbnh chuy\u00ean s\u00e2u, k\u00fd k\u1ebft SPA (Share Purchase Agreement) ho\u1eb7c h\u1ee3p \u0111\u1ed3ng chuy\u1ec3n nh\u01b0\u1ee3ng t\u00e0i s\u1ea3n, th\u1ef1c hi\u1ec7n c\u00e1c th\u1ee7 t\u1ee5c n\u1ed9p h\u1ed3 s\u01a1 v\u00e0 xin ph\u00ea duy\u1ec7t theo quy \u0111\u1ecbnh, v\u00e0 cu\u1ed1i c\u00f9ng l\u00e0 ho\u00e0n t\u1ea5t giao d\u1ecbch.<\/p>\n

Th\u1eddi gian c\u1ea7n cho giai \u0111o\u1ea1n ph\u00ea duy\u1ec7t theo quy \u0111\u1ecbnh c\u00f3 th\u1ec3 thay \u0111\u1ed5i \u0111\u00e1ng k\u1ec3 t\u00f9y theo ng\u00e0nh ngh\u1ec1, t\u1ef7 l\u1ec7 s\u1edf h\u1eefu n\u01b0\u1edbc ngo\u00e0i v\u00e0 quy m\u00f4 kho\u1ea3n \u0111\u1ea7u t\u01b0, khi\u1ebfn \u0111\u00e2y tr\u1edf th\u00e0nh m\u1ed9t trong nh\u1eefng nguy\u00ean nh\u00e2n ch\u00ednh g\u00e2y ch\u1eadm ti\u1ebfn \u0111\u1ed9. Tr\u00ean th\u1ef1c t\u1ebf, v\u00ec v\u1eady, \u0111i\u1ec1u quan tr\u1ecdng l\u00e0 ph\u1ea3i x\u00e2y d\u1ef1ng m\u1ed9t m\u1ee9c \u0111\u1ed9 linh ho\u1ea1t h\u1ee3p l\u00fd trong l\u1ecbch tr\u00ecnh giao d\u1ecbch d\u1ef1 ki\u1ebfn.<\/p>\n

Quy tr\u00ecnh M&A \u0111i\u1ec3n h\u00ecnh t\u1ea1i Vi\u1ec7t Nam<\/strong><\/p>\n

\"Typical<\/p>\n

Ngu\u1ed3n: B&Company<\/p>\n

Nh\u1eefng \u0111i\u1ec3m c\u1ea7n l\u01b0u \u00fd v\u1ec1 h\u1ea1n ch\u1ebf s\u1edf h\u1eefu n\u01b0\u1edbc ngo\u00e0i v\u00e0 gi\u1ea5y ph\u00e9p<\/strong><\/h3>\n

T\u1ea1i Vi\u1ec7t Nam, gi\u1edbi h\u1ea1n s\u1edf h\u1eefu n\u01b0\u1edbc ngo\u00e0i \u00e1p d\u1ee5ng \u0111\u1ed1i v\u1edbi m\u1ed9t s\u1ed1 ng\u00e0nh ngh\u1ec1 nh\u1ea5t \u0111\u1ecbnh, v\u00ec v\u1eady \u0111i\u1ec3m kh\u1edfi \u0111\u1ea7u l\u00e0 x\u00e1c \u0111\u1ecbnh ph\u00e2n lo\u1ea1i ng\u00e0nh ngh\u1ec1 n\u00e0o \u00e1p d\u1ee5ng cho doanh nghi\u1ec7p m\u1ee5c ti\u00eau.<\/p>\n

Trong nhi\u1ec1u tr\u01b0\u1eddng h\u1ee3p, vi\u1ec7c mua c\u1ed5 ph\u1ea7n ho\u1eb7c t\u0103ng v\u1ed1n c\u0169ng \u0111\u00f2i h\u1ecfi ph\u1ea3i \u0111i\u1ec1u ch\u1ec9nh Gi\u1ea5y ch\u1ee9ng nh\u1eadn \u0111\u0103ng k\u00fd \u0111\u1ea7u t\u01b0 (IRC) v\u00e0 Gi\u1ea5y ch\u1ee9ng nh\u1eadn \u0111\u0103ng k\u00fd doanh nghi\u1ec7p (ERC). Th\u1eddi gian th\u1ef1c t\u1ebf c\u1ea7n cho c\u00e1c th\u1ee7 t\u1ee5c n\u00e0y c\u00f3 th\u1ec3 kh\u00e1c nhau t\u00f9y theo \u0111\u1ecba ph\u01b0\u01a1ng v\u00e0 th\u00f4ng l\u1ec7 h\u00e0nh ch\u00ednh c\u1ee7a c\u01a1 quan c\u00f3 th\u1ea9m quy\u1ec1n li\u00ean quan. Do \u0111\u00f3, n\u00ean tham kh\u1ea3o \u00fd ki\u1ebfn chuy\u00ean gia \u0111\u1ecba ph\u01b0\u01a1ng t\u1eeb giai \u0111o\u1ea1n s\u1edbm.<\/p>\n

C\u00e1c th\u01b0\u01a1ng v\u1ee5 M&A \u0111\u00e1ng ch\u00fa \u00fd<\/strong><\/h3>\n

M\u1ed9t v\u00ed d\u1ee5 \u0111\u00e1ng ch\u00fa \u00fd trong n\u1eeda \u0111\u1ea7u n\u0103m 2026 l\u00e0 Vinpearl trong l\u0129nh v\u1ef1c du l\u1ecbch v\u00e0 kh\u00e1ch s\u1ea1n. C\u00f4ng ty \u0111\u00e3 huy \u0111\u1ed9ng th\u00e0nh c\u00f4ng 255 tri\u1ec7u USD th\u00f4ng qua vi\u1ec7c ph\u00e1t h\u00e0nh c\u1ed5 ph\u1ea7n \u01b0u \u0111\u00e3i chuy\u1ec3n \u0111\u1ed5i \u0111\u01b0\u1ee3c mua b\u1edfi SeaTown Private Credit Fund III, Oman Investment Authority v\u00e0 Vietnam-Oman Investment Fund. Giao d\u1ecbch n\u00e0y \u0111\u00e3 thu h\u00fat v\u1ed1n t\u1eeb nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i m\u00e0 kh\u00f4ng l\u00e0m chuy\u1ec3n giao quy\u1ec1n ki\u1ec3m so\u00e1t qu\u1ea3n l\u00fd v\u00e0 c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c xem l\u00e0 m\u1ed9t \u1ee9ng d\u1ee5ng c\u1ee7a c\u1ea5u tr\u00fac giao d\u1ecbch d\u1ef1a tr\u00ean c\u1ed5 ph\u1ea7n n\u00eau tr\u00ean.<\/p>\n

Trong l\u0129nh v\u1ef1c b\u1ea5t \u0111\u1ed9ng s\u1ea3n, Ph\u00e1t \u0110\u1ea1t \u0111\u00e3 c\u00f4ng b\u1ed1 k\u1ebf ho\u1ea1ch g\u00f3p th\u00eam kho\u1ea3ng 105 tri\u1ec7u USD \u0111\u1ec3 duy tr\u00ec t\u1ef7 l\u1ec7 s\u1edf h\u1eefu 35% trong m\u1ed9t d\u1ef1 \u00e1n li\u00ean quan. Ngo\u00e0i ra, \u00f4ng Ph\u1ea1m Nh\u1eadt V\u01b0\u1ee3ng, nh\u00e0 s\u00e1ng l\u1eadp Vingroup, \u0111\u00e3 gia t\u0103ng t\u1ef7 l\u1ec7 s\u1edf h\u1eefu t\u1ea1i LPBank trong l\u0129nh v\u1ef1c t\u00e0i ch\u00ednh, qua \u0111\u00f3 g\u00f3p ph\u1ea7n l\u00e0m t\u0103ng gi\u00e1 tr\u1ecb giao d\u1ecbch trong ng\u00e0nh.<\/p>\n

M\u1ed9t v\u00ed d\u1ee5 \u0111i\u1ec3n h\u00ecnh v\u1ec1 t\u00e1i c\u1ea5u tr\u00fac v\u1ed1n c\u1ee7a c\u00e1c doanh nghi\u1ec7p trong n\u01b0\u1edbc l\u00e0 qu\u00e1 tr\u00ecnh tho\u00e1i v\u1ed1n li\u00ean quan \u0111\u1ebfn Vinaconex. Th\u00e1ng 5\/2026, An Quy Hung Holding \u0111\u00e3 mua l\u1ea1i 23% c\u1ed5 ph\u1ea7n t\u1ea1i c\u00f4ng ty con Viwaseen c\u1ee7a Vinaconex, qua \u0111\u00f3 gi\u1ea3m t\u1ef7 l\u1ec7 s\u1edf h\u1eefu c\u1ee7a Vinaconex t\u1eeb 86.01% xu\u1ed1ng c\u00f2n 25%.<\/p>\n

Trong th\u00e1ng 6, BNE v\u00e0 Xuan Cau Holdings sau \u0111\u00f3 \u0111\u00e3 n\u00e2ng t\u1ef7 l\u1ec7 s\u1edf h\u1eefu t\u01b0\u01a1ng \u1ee9ng l\u00ean 24.47% v\u00e0 14.79%. Chu\u1ed7i giao d\u1ecbch n\u00e0y l\u00e0 m\u1ed9t v\u00ed d\u1ee5 \u0111i\u1ec3n h\u00ecnh v\u1ec1 ho\u1ea1t \u0111\u1ed9ng M&A do nh\u00e0 \u0111\u1ea7u t\u01b0 trong n\u01b0\u1edbc d\u1eabn d\u1eaft, li\u00ean quan \u0111\u1ebfn t\u00e1i c\u1ea5u tr\u00fac t\u1eadp \u0111o\u00e0n th\u00f4ng qua vi\u1ec7c t\u1eebng b\u01b0\u1edbc tho\u00e1i v\u1ed1n kh\u1ecfi t\u00e0i s\u1ea3n v\u00e0 c\u1ed5 ph\u1ea7n.<\/p>\n

C\u00e1c th\u1ef1c h\u00e0nh th\u1ea9m \u0111\u1ecbnh chuy\u00ean s\u00e2u tr\u1ecdng y\u1ebfu v\u00e0 nh\u1eefng sai s\u00f3t th\u01b0\u1eddng g\u1eb7p<\/strong><\/h3>\n

C\u00e1c h\u1ea1ng m\u1ee5c c\u1ea7n r\u00e0 so\u00e1t trong th\u1ea9m \u0111\u1ecbnh ph\u00e1p l\u00fd v\u00e0 thu\u1ebf<\/strong><\/h4>\n

Th\u1ea9m \u0111\u1ecbnh ph\u00e1p l\u00fd c\u1ea7n x\u00e1c minh t\u00ednh h\u1ee3p l\u1ec7 c\u1ee7a c\u00e1c gi\u1ea5y ph\u00e9p v\u00e0 gi\u1ea5y ph\u00e9p con m\u00e0 c\u00f4ng ty m\u1ee5c ti\u00eau \u0111ang n\u1eafm gi\u1eef, s\u1ef1 t\u1ed3n t\u1ea1i c\u1ee7a b\u1ea5t k\u1ef3 tranh ch\u1ea5p ho\u1eb7c ki\u1ec7n t\u1ee5ng n\u00e0o, v\u00e0 t\u00ednh li\u00ean t\u1ee5c c\u1ee7a c\u00e1c h\u1ee3p \u0111\u1ed3ng quan tr\u1ecdng.<\/p>\n

Th\u1ea9m \u0111\u1ecbnh thu\u1ebf c\u1ea7n ch\u1ee7 y\u1ebfu xem x\u00e9t li\u1ec7u c\u00e1c t\u1edd khai thu\u1ebf trong qu\u00e1 kh\u1ee9 c\u00f3 ph\u00f9 h\u1ee3p v\u1edbi c\u00e1c giao d\u1ecbch th\u1ef1c t\u1ebf c\u1ee7a c\u00f4ng ty hay kh\u00f4ng v\u00e0 c\u00f3 t\u1ed3n t\u1ea1i ngh\u0129a v\u1ee5 thu\u1ebf ch\u01b0a thanh to\u00e1n hay kh\u00f4ng.<\/p>\n

Pitfalls Specific to Vietnam<\/strong><\/h4>\n

T\u1ea1i Vi\u1ec7t Nam, c\u00e1c quy\u1ec1n li\u00ean quan \u0111\u1ebfn Quy\u1ec1n s\u1eed d\u1ee5ng \u0111\u1ea5t c\u00f3 th\u1ec3 kh\u00e1 ph\u1ee9c t\u1ea1p. V\u00ec v\u1eady, \u0111i\u1ec1u thi\u1ebft y\u1ebfu l\u00e0 ph\u1ea3i x\u00e1c nh\u1eadn li\u1ec7u th\u00f4ng tin n\u00eau trong c\u00e1c gi\u1ea5y t\u1edd quy\u1ec1n s\u1edf h\u1eefu c\u1ee7a b\u1ea5t \u0111\u1ed9ng s\u1ea3n li\u00ean quan c\u00f3 ph\u00f9 h\u1ee3p v\u1edbi th\u1ef1c t\u1ebf s\u1eed d\u1ee5ng hay kh\u00f4ng.<\/p>\n

X\u00e9t v\u1ec1 th\u1ef1c ti\u1ec5n lao \u0111\u1ed9ng, c\u0169ng c\u00f3 nh\u1eefng tr\u01b0\u1eddng h\u1ee3p ng\u01b0\u1eddi lao \u0111\u1ed9ng l\u00e0m vi\u1ec7c m\u00e0 kh\u00f4ng c\u00f3 h\u1ee3p \u0111\u1ed3ng lao \u0111\u1ed9ng ch\u00ednh th\u1ee9c \u0111\u01b0\u1ee3c l\u1eadp \u0111\u00fang quy \u0111\u1ecbnh. V\u00ec v\u1eady, DD lao \u0111\u1ed9ng kh\u00f4ng n\u00ean b\u1ecb xem nh\u1eb9 v\u00e0 c\u1ea7n \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n m\u1ed9t c\u00e1ch c\u1ea9n tr\u1ecdng.<\/p>\n

Pitfalls Specific to Vietnam<\/strong><\/p>\n

\"Pitfalls<\/p>\n

Ngu\u1ed3n: B&Company<\/p>\n

Xu h\u01b0\u1edbng M&A m\u1edbi nh\u1ea5t theo ng\u00e0nh<\/strong><\/h3>\n

Trong qu\u00fd I n\u0103m 2026, t\u1eeb th\u00e1ng 1 \u0111\u1ebfn th\u00e1ng 3, \u0111\u00e3 c\u00f4ng b\u1ed1 51 giao d\u1ecbch, gi\u1ea3m 36% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m tr\u01b0\u1edbc. Tuy nhi\u00ean, t\u1ed5ng gi\u00e1 tr\u1ecb giao d\u1ecbch t\u0103ng 24% l\u00ean 659 tri\u1ec7u USD, ti\u1ebfp t\u1ee5c kh\u1eb3ng \u0111\u1ecbnh xu h\u01b0\u1edbng \u201c\u00edt giao d\u1ecbch h\u01a1n, quy m\u00f4 giao d\u1ecbch l\u1edbn h\u01a1n.\u201d<\/p>\n

X\u00e9t v\u1ec1 s\u1ed1 l\u01b0\u1ee3ng giao d\u1ecbch, ng\u00e0nh s\u1ea3n xu\u1ea5t c\u00f4ng nghi\u1ec7p \u0111\u1ee9ng \u0111\u1ea7u v\u1edbi 6 giao d\u1ecbch. X\u00e9t v\u1ec1 gi\u00e1 tr\u1ecb, b\u1ea5t \u0111\u1ed9ng s\u1ea3n, n\u0103ng l\u01b0\u1ee3ng v\u00e0 s\u1ea3n xu\u1ea5t c\u00f4ng nghi\u1ec7p m\u1ed7i ng\u00e0nh \u0111\u1ec1u chi\u1ebfm h\u01a1n 30% t\u1ed5ng gi\u00e1 tr\u1ecb giao d\u1ecbch.<\/p>\n

Trong l\u0129nh v\u1ef1c du l\u1ecbch v\u00e0 kh\u00e1ch s\u1ea1n c\u00f9ng qu\u00fd \u0111\u00f3, SC Capital Partners c\u00f3 tr\u1ee5 s\u1edf t\u1ea1i Singapore \u0111\u00e3 mua l\u1ea1i Serenity Holding, \u0111\u01a1n v\u1ecb v\u1eadn h\u00e0nh Fusion Hotel Group. Gi\u00e1 tr\u1ecb giao d\u1ecbch kh\u00f4ng \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1.<\/p>\n

Trong th\u00e1ng 4, \u0111\u00e3 c\u00f4ng b\u1ed1 18 giao d\u1ecbch. Gi\u00e1 tr\u1ecb giao d\u1ecbch \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1 \u0111\u1ed1i v\u1edbi 11 giao d\u1ecbch n\u00e0y, t\u1ed5ng c\u1ed9ng kho\u1ea3ng 69,9 tri\u1ec7u USD. Tuy nhi\u00ean, Grant Thornton \u01b0\u1edbc t\u00ednh quy m\u00f4 th\u1ecb tr\u01b0\u1eddng th\u1ef1c t\u1ebf c\u00f3 th\u1ec3 \u0111\u00e3 v\u01b0\u1ee3t 300 tri\u1ec7u USD n\u1ebfu bao g\u1ed3m c\u00e1c giao d\u1ecbch chi\u1ebfn l\u01b0\u1ee3c kh\u00f4ng \u0111\u01b0\u1ee3c ti\u1ebft l\u1ed9.<\/p>\n

X\u00e9t v\u1ec1 s\u1ed1 l\u01b0\u1ee3ng giao d\u1ecbch, x\u00e2y d\u1ef1ng v\u00e0 k\u1ef9 thu\u1eadt c\u00f9ng h\u00e0ng ti\u00eau d\u00f9ng \u0111\u1ee9ng \u0111\u1ea7u v\u1edbi 3 giao d\u1ecbch m\u1ed7i ng\u00e0nh, trong khi n\u0103ng l\u01b0\u1ee3ng, logistics v\u00e0 h\u1ea1 t\u1ea7ng, c\u00f9ng ch\u0103m s\u00f3c s\u1ee9c kh\u1ecfe c\u0169ng s\u00f4i \u0111\u1ed9ng v\u1edbi 2 giao d\u1ecbch m\u1ed7i ng\u00e0nh.<\/p>\n

T\u1eadp trung c\u1ee5 th\u1ec3 v\u00e0o l\u0129nh v\u1ef1c b\u1ea5t \u0111\u1ed9ng s\u1ea3n, JLL Vietnam cho bi\u1ebft t\u1ed5ng gi\u00e1 tr\u1ecb \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1 c\u1ee7a c\u00e1c giao d\u1ecbch M&A b\u1ea5t \u0111\u1ed9ng s\u1ea3n v\u00e0 chuy\u1ec3n nh\u01b0\u1ee3ng d\u1ef1 \u00e1n trong n\u1eeda \u0111\u1ea7u n\u0103m 2026 \u0111\u1ea1t kho\u1ea3ng 250,7 tri\u1ec7u USD.<\/p>\n

M\u1ed9t giao d\u1ecbch \u0111\u00e1ng ch\u00fa \u00fd li\u00ean quan \u0111\u1ebfn vi\u1ec7c DIC Corp chuy\u1ec3n nh\u01b0\u1ee3ng 4 l\u00f4 \u0111\u1ea5t trong d\u1ef1 \u00e1n \u0111\u00f4 th\u1ecb \u0110\u1ea1i Ph\u01b0\u1edbc quy m\u00f4 l\u1edbn t\u1ea1i t\u1ec9nh \u0110\u1ed3ng Nai. Ba l\u00f4 \u0111\u1ea5t v\u1edbi t\u1ed5ng di\u1ec7n t\u00edch kho\u1ea3ng 30,7 ha \u0111\u01b0\u1ee3c chuy\u1ec3n nh\u01b0\u1ee3ng cho TNT Ph\u00fa H\u00f2a v\u1edbi gi\u00e1 kho\u1ea3ng 97 tri\u1ec7u USD, trong khi m\u1ed9t l\u00f4 \u0111\u1ea5t 14,3 ha \u0111\u01b0\u1ee3c chuy\u1ec3n nh\u01b0\u1ee3ng cho m\u1ed9t c\u00f4ng ty li\u00ean k\u1ebft v\u1edbi T\u1eadp \u0111o\u00e0n Everland.<\/p>\n

Trong c\u00f9ng k\u1ef3, v\u1ed1n FDI \u0111\u0103ng k\u00fd v\u00e0o Vi\u1ec7t Nam \u0111\u1ea1t 34,65 t\u1ef7 USD, t\u0103ng 61% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m tr\u01b0\u1edbc. V\u1ed1n FDI gi\u1ea3i ng\u00e2n \u0111\u1ea1t 11,72 t\u1ef7 USD, m\u1ee9c cao nh\u1ea5t trong n\u1eeda \u0111\u1ea7u n\u0103m \u0111\u01b0\u1ee3c ghi nh\u1eadn trong 5 n\u0103m qua.<\/p>\n

JLL l\u01b0u \u00fd r\u1eb1ng, m\u1eb7c d\u00f9 d\u00f2ng v\u1ed1n v\u00e0o l\u0129nh v\u1ef1c b\u1ea5t \u0111\u1ed9ng s\u1ea3n n\u00f3i chung v\u1eabn m\u1ea1nh, th\u1ecb tr\u01b0\u1eddng M&A \u0111ang b\u01b0\u1edbc v\u00e0o giai \u0111o\u1ea1n m\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 ng\u00e0y c\u00e0ng th\u1eadn tr\u1ecdng v\u00e0 ch\u1ecdn l\u1ecdc h\u01a1n \u0111\u1ed1i v\u1edbi t\u1eebng giao d\u1ecbch c\u1ee5 th\u1ec3.<\/p>\n

Tri\u1ec3n v\u1ecdng v\u00e0 h\u00e0m \u00fd \u0111\u1ed1i v\u1edbi vi\u1ec7c th\u00e2m nh\u1eadp th\u1ecb tr\u01b0\u1eddng<\/strong><\/h3>\n

Chu\u1ed7i s\u1ed1 li\u1ec7u cho th\u1ea5y s\u1ef1 chuy\u1ec3n d\u1ecbch sang m\u1ed9t th\u1ecb tr\u01b0\u1eddng mang t\u00ednh ch\u1ecdn l\u1ecdc h\u01a1n, trong \u0111\u00f3 s\u1ed1 l\u01b0\u1ee3ng giao d\u1ecbch \u0111ang gi\u1ea3m nh\u01b0ng quy m\u00f4 giao d\u1ecbch l\u1ea1i t\u0103ng l\u00ean.<\/p>\n

Khi c\u00e1c y\u1ebfu t\u1ed1 t\u1eeb ph\u00eda cung ti\u1ebfp t\u1ee5c gia t\u0103ng, bao g\u1ed3m t\u00e1i c\u01a1 c\u1ea5u v\u1ed1n chi\u1ebfn l\u01b0\u1ee3c c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 trong n\u01b0\u1edbc, qu\u00e1 tr\u00ecnh chuy\u1ec3n giao th\u1ebf h\u1ec7 t\u1ea1i c\u00e1c doanh nghi\u1ec7p do nh\u00e0 s\u00e1ng l\u1eadp d\u1eabn d\u1eaft, v\u00e0 c\u00e1c ch\u01b0\u01a1ng tr\u00ecnh tho\u00e1i v\u1ed1n c\u1ee7a doanh nghi\u1ec7p nh\u00e0 n\u01b0\u1edbc, d\u00f2ng v\u1ed1n FDI m\u1ea1nh c\u0169ng \u0111ang h\u1ed7 tr\u1ee3 nhu c\u1ea7u. V\u00ec v\u1eady, th\u1ecb tr\u01b0\u1eddng M&A c\u1ee7a Vi\u1ec7t Nam \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng s\u1ebd ti\u1ebfp t\u1ee5c m\u1edf r\u1ed9ng v\u1ec1 chi\u1ec1u s\u00e2u trong trung v\u00e0 d\u00e0i h\u1ea1n.<\/p>\n

\u0110\u1ed1i v\u1edbi c\u00e1c doanh nghi\u1ec7p Nh\u1eadt B\u1ea3n, vi\u1ec7c xem x\u00e9t c\u00e1c di\u1ec5n bi\u1ebfn ph\u00e1p l\u00fd t\u1ea1i \u0111\u1ecba ph\u01b0\u01a1ng, th\u00f4ng l\u1ec7 ng\u00e0nh v\u00e0 \u0111\u1ecbnh gi\u00e1 c\u00e1c giao d\u1ecbch g\u1ea7n \u0111\u00e2y ngay t\u1eeb giai \u0111o\u1ea1n l\u1ef1a ch\u1ecdn m\u1ee5c ti\u00eau ban \u0111\u1ea7u c\u00f3 th\u1ec3 gi\u00fap b\u1ea3o \u0111\u1ea3m ho\u1ea1t \u0111\u1ed9ng kinh doanh sau giao d\u1ecbch di\u1ec5n ra su\u00f4n s\u1ebb h\u01a1n.<\/p>\n

Vi\u1ec7c thu th\u1eadp th\u00f4ng tin c\u1ea9n tr\u1ecdng trong giai \u0111o\u1ea1n \u0111\u1ea7u, bao g\u1ed3m nghi\u00ean c\u1ee9u th\u1ecb tr\u01b0\u1eddng v\u00e0 s\u00e0ng l\u1ecdc c\u00e1c m\u1ee5c ti\u00eau ti\u1ec1m n\u0103ng, s\u1ebd t\u1ea1o n\u1ec1n t\u1ea3ng quan tr\u1ecdng cho m\u1ed9t th\u01b0\u01a1ng v\u1ee5 M&A th\u00e0nh c\u00f4ng.<\/p>\n

C\u00e2u h\u1ecfi th\u01b0\u1eddng g\u1eb7p v\u1ec1 M&A t\u1ea1i Vi\u1ec7t Nam<\/strong><\/h3>\n

C\u00e2u 1. Chi ph\u00ed \u0111i\u1ec3n h\u00ecnh c\u1ee7a m\u1ed9t giao d\u1ecbch M&A t\u1ea1i Vi\u1ec7t Nam l\u00e0 bao nhi\u00eau?<\/strong><\/p>\n

Chi ph\u00ed thay \u0111\u1ed5i \u0111\u00e1ng k\u1ec3 t\u00f9y theo quy m\u00f4 v\u00e0 m\u1ee9c \u0111\u1ed9 ph\u1ee9c t\u1ea1p c\u1ee7a giao d\u1ecbch. C\u00e1c kho\u1ea3n m\u1ee5c ch\u00ednh nh\u00ecn chung bao g\u1ed3m chi ph\u00ed DD, ph\u00ed t\u01b0 v\u1ea5n ph\u00e1p l\u00fd v\u00e0 thu\u1ebf, c\u00f9ng c\u00e1c lo\u1ea1i ph\u00ed kh\u00e1c ph\u1ea3i n\u1ed9p cho c\u01a1 quan c\u00f3 th\u1ea9m quy\u1ec1n li\u00ean quan.<\/p>\n

C\u00e2u 2. Qu\u00e1 tr\u00ecnh n\u00e0y m\u1ea5t bao l\u00e2u?<\/strong><\/p>\n

T\u1eeb khi k\u00fd LOI \u0111\u1ebfn khi ho\u00e0n t\u1ea5t, qu\u00e1 tr\u00ecnh n\u00e0y th\u01b0\u1eddng k\u00e9o d\u00e0i t\u1eeb v\u00e0i th\u00e1ng \u0111\u1ebfn kho\u1ea3ng m\u1ed9t n\u0103m. Th\u1eddi gian ph\u00ea duy\u1ec7t c\u1ee7a c\u01a1 quan qu\u1ea3n l\u00fd c\u00f3 th\u1ec3 t\u00e1c \u0111\u1ed9ng \u0111\u00e1ng k\u1ec3 \u0111\u1ebfn to\u00e0n b\u1ed9 ti\u1ebfn \u0111\u1ed9.<\/p>\n

C\u00e2u 3. Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n l\u01b0u \u00fd g\u00ec khi mua c\u1ed5 ph\u1ea7n thi\u1ec3u s\u1ed1?<\/strong><\/p>\n

Do m\u1ee9c \u0111\u1ed9 tham gia v\u00e0o qu\u1ea3n l\u00fd c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 b\u1ecb h\u1ea1n ch\u1ebf, m\u1ed9t v\u1ea5n \u0111\u1ec1 th\u1ef1c ti\u1ec5n quan tr\u1ecdng l\u00e0 c\u1ea7n b\u1ea3o \u0111\u1ea3m \u0111\u01b0\u1ee3c c\u00e1c quy\u1ec1n nh\u01b0 quy\u1ec1n ti\u1ebfp c\u1eadn th\u00f4ng tin v\u00e0 quy\u1ec1n ch\u1ea5p thu\u1eadn \u0111\u1ed1i v\u1edbi c\u00e1c v\u1ea5n \u0111\u1ec1 quan tr\u1ecdng trong th\u1ecfa thu\u1eadn c\u1ed5 \u0111\u00f4ng.<\/p>\n

\u0110\u1ecdc th\u00eam<\/strong><\/h3>\n

T\u00f3m t\u1eaft c\u00e1c th\u01b0\u01a1ng v\u1ee5 M&A n\u1ed5i b\u1eadt t\u1ea1i Vi\u1ec7t Nam n\u0103m 2025<\/a><\/p><\/blockquote>\n