Vietnam's mergers and acquisitions (M&A) market could expand to between $14 billion and $16 billion by 2030, driven by a growing technology ecosystem, rising startup activity, and increasing investor interest, experts said at Venture Forum 2026 held in Ho Chi Minh City on June 12.
The forum focused on emerging dynamics shaping Vietnam's next wave of M&A activity.
Speaking at the event, Mr. Tran Trong Tuyen, Deputy Director of the HCM City Department of Science and Technology, said Vietnam is entering a new growth phase powered by science and technology, innovation, digital transformation, and the private sector. Venture capital, growth investment, and M&A transactions are expected to play a critical role in developing high-capacity technology enterprises.
International investors highlighted Vietnam's strong potential as a destination for innovation-driven capital. Mr. JunSung Bae, Managing Director of Investment at Lotte Ventures, described Vietnam as one of Southeast Asia's most promising startup markets, supported by robust economic growth, a young workforce, and capable founders.
Industry experts identified artificial intelligence, the Internet of Things (IoT), and semiconductors as key growth drivers over the coming decade. The expanding presence of global technology companies' R&D centers is expected to generate innovative firms that could become attractive acquisition targets.
According to Ms. Le Han Tue Lam, chief executive officer of VinVentures, Vietnam currently has four unicorns, the third-highest number in Southeast Asia, and could have at least eight billion-dollar startups by 2030 if companies continue strengthening their competitiveness and innovation capabilities.
Google translate