January 2025 saw approximately USD 274 million in transactions across Vietnam, with notable investments in the Consumer & Retail, Energy & Utilities, and Healthcare & Life Sciences sectors.
Hasfarm, a leading floriculture company founded in 1992 in Da Lat, secured equity investment from TPG. Operating production sites in Vietnam, China, and Indonesia, along with wholesale distribution across Asia, Hasfarm follows a vertically integrated model serving both online and offline retailers. The company exports temperate flowers to Japan from Vietnam and China and has recently expanded into greenhouse horticulture and clean vegetable production.
CME Solar received USD 20 million in funding from the Emerging Africa & Asia Fund (EAAIF), which had expanded its mandate to South and Southeast Asia in 2024. The investment is expected to support the company’s expansion beyond 260 MWp in rooftop solar projects. Additionally, EnQuest, a UK-based energy firm, acquired Harbour Energy’s Vietnam business for USD 84 million, securing a 53.125 per cent stake in the Chim Sao and Dua oil fields. The acquisition aligns with EnQuest’s strategy to focus on low-capex, fast-payback energy assets with lower carbon intensity. Upon completion, EnQuest will take over operations, leveraging its FPSO and late-life asset management expertise. The fields contain an estimated 7.5 million boe in net reserves and 4.9 million boe in contingent resources, with projected 2025 net production of 5,300 boe per day.
AEON Financial Service, a subsidiary of Japan’s largest retailer AEON Group, finalized the acquisition of SeABank’s consumer finance unit, PTF, for approximately USD 170 million. The State Bank of Vietnam approved the deal more than a year after the stake transfer agreement was signed. The acquisition is part of AEON Financial’s broader capital restructuring strategy, aimed at strengthening financial capacity, investing in technology, and expanding operations within Vietnam’s growing consumer finance market.
Asia Business Builders led a Series B funding round for Kyna English, with participation from DTP Education Group and co-founder Ho Hong Bao Tram. Kyna English plans to upgrade its personalized online tutoring platform using AI and machine learning, providing flexible and cost-effective learning solutions. The partnership with DTP will allow the platform to integrate digital content and teaching resources for new courses and business expansion. The funding will help Kyna English grow in Vietnam while entering new markets in Thailand, Indonesia, and Laos, with further expansion prospects across Asia.
Gene Solutions, a Vietnamese genomic testing startup, secured investment from Singapore-based August Global Partners. The funding will support Gene Solutions’ mission to make early cancer detection technologies and precision therapeutics more widely accessible in Asia. The company aims to collaborate with leading biopharmaceutical firms in the region to develop innovative treatments, including targeted drugs, neoantigen vaccines, and cell therapies.