The Hanoitimes – The moribund Vietnamese property market may see a glimmer of light through an increasing number of mergers and acquisitions (M&A). According to Savills Vietnam real estate agency expert Troy Griffiths, there is a rapid need for cash among investors that boast large land reserves but lack capital to invest, resulting in a rising number of M&A deals. AVM Vietnam M&A research and consultancy director Dang Xuan Minh said that the rise in M&A deals in the real estate sector is due to rising property prices, and the considerable amounts of hot money that have flowed into the market. M&A offers an effective tool to promote revenue growth and restructuring, meaning only the most competent investors would carry out projects, Minh said. He said that with large amounts of capital, foreign investment funds and enterprises and strong domestic private conglomerates will benefit from M&A deals. a series of major M&A deals, as evidenced by Thien Minh Tourism Company’s acquisition of a chain of six hotels and resorts from Hong Kong’s EEM Victoria valued at US$45 million and Vinaland Company’s transfer of all shares in a housing development project to a Vietnamese partner, worth up to $10.9 million. To explore M&A options further, the Vietnam Investment Review newspaper and AVM Vietnam will host an M&A Vietnam forum in HCMCity on June 9. A seminar on M&A strategy and an exhibition to promote businesses and investment opportunities will also be held at the event.