Japanese companies continue their M A buying spree in Vietnam
Major Japanese companies are ramping up dealmaking in Vietnam to acquire promising businesses with Nippon Paint and AkzoNobel recently entering binding agreements for the sale of AkzoNobel s Decorative Paints business in Southeast Asia
In early October, Japanese companies AkzoNobel, Nippon Paint, Kokuyo, and Sojitz completed various share acquisitions and business transfers in Vietnam, totaling approximately $1.35 billion in enterprise value. AkzoNobel's decorative paints businesses in Southeast Asia, particularly in Vietnam, Indonesia, Malaysia, and Singapore, are deemed promising due to established distribution networks, strong brand recognition, and efficient manufacturing and supply systems.
Kokuyo plans to invest more in a special purpose company to make Thien Long Group a subsidiary, while SMBC is discussing raising its stake in VPBank to around 20 percent. Sojitz acquires a significant stake in Taseco Air Services, becoming its second-largest shareholder. KDDI plans to study AI-powered drone deployment in Vietnam and the Philippines with support from a Japanese government subsidy, and Yanmar establishes a new company in Vietnam, set to commence operations on September 1, 2026.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
