March 2024 was a dynamic month for the Vietnamese market, with total transactions reaching approximately USD 33 million. The activity spanned across diverse sectors, each marking significant deals and investments.
In the Telecommunication & Media sector, Kamereo LLP successfully secured a funding of USD 2.1 million, with Reazon Holdings leading the investment as a new stakeholder.
The Technology sector saw a substantial investment, with Quickom securing USD 1.5 million in a contract from the esteemed VinaCapital investment fund, signaling strong confidence in the sector’s growth potential.
Financial Services were not far behind, with a notable private placement raising around USD 20.2 million, bolstered by the commitment of returning investors who continue to support the sector’s expansion.
Lastly, the Consumer & Retail sector witnessed a significant acquisition. Elan Corporation (TSE:6099) confirmed the purchase of a 51% stake in TMC Vietnam Trading And Service Company for an estimated USD 9 million on March 22, 2024, indicating a strategic move to strengthen its market presence.