Vietnam’s mergers and acquisitions (M&A) landscape is poised for significant growth in 2025, particularly in the healthcare and education sectors.
This surge is driven by increasing demand for high-quality services and favorable government policies.
Healthcare Sector
The healthcare industry in Vietnam is experiencing robust expansion, propelled by a rising middle class and heightened health awareness. Notably, in January 2024, Thomson Medical Group acquired FV Hospital in Ho Chi Minh City for $381.4 million, marking Southeast Asia’s largest healthcare merger since 2020. This acquisition underscores the sector’s attractiveness to foreign investors. Private hospitals and specialty clinics, such as ophthalmology and oncology centers, are anticipated to be primary drivers of M&A activity in 2025.
Sophie Dao, Senior Partner at GBS, noted: “Vietnam’s healthcare sector remains one of the most promising investment destinations in Southeast Asia. The growing demand for high-quality medical services, coupled with government incentives for private investment, makes this a golden era for M&A in healthcare. Investors are particularly interested in specialty clinics, digital health solutions, and private hospitals that cater to Vietnam’s expanding middle-class population.”
Education Sector
Vietnam’s education sector is also witnessing dynamic changes. The government’s encouragement of foreign investment, including the removal of capital limits for educational institutions, is set to attract more international investors. The M&A landscape in this sector is expected to be vibrant, with strategic partnerships and investments enhancing the quality and infrastructure of higher education and vocational training.
According to Sophie Dao, “Education is a long-term, stable investment sector, and Vietnam’s open policies make it highly attractive to foreign investors. With the demand for private and international-standard education on the rise, we are seeing a wave of foreign capital flowing into universities, K-12 schools, and vocational training institutions. Investors are also keen on EdTech and blended learning models, which will reshape the future of education in Vietnam.”
Expert Insights
Industry experts highlight the positive trajectory of Vietnam’s M&A market. At the 2024 Vietnam M&A Forum, professionals discussed the macroeconomic context, policy changes, and global trends influencing Vietnam’s M&A activities. The consensus indicates a favorable environment for both local and foreign investors, particularly in the healthcare and education sectors.
In summary, Vietnam’s M&A activities in healthcare and education are set to flourish in 2025, driven by strong demand, strategic investments, and supportive government policies. As Sophie Dao puts it, “Vietnam is at a turning point where M&A will play a crucial role in accelerating the transformation of key industries. Investors who act now will have the advantage of positioning themselves early in these high-growth sectors.”
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Source: Vietnam Insider