Economic recovery and active legal reforms are bringing Vietnam up in the global mergers and acquisitions market in 2015.

According to the Institution of Mergers, Acquisitions and Alliances (IMAA) estimate, Vietnam’s mergers and acquisitions (M&A) market is expected to reach a total value of approximately $3.8 billion, with more than 400 deals signed this year.

“Given that Vietnam ranks 55th by GDP according to the International Monetary Fund as of 2014, this is an outstanding M&A ranking,” said IMAA president Christopher Kummer, refering to Vietnam’s 20th position in the global M&A market in 2015, up four places against last year.

Kummer also reported that this year had seen 219 deals with Vietnamese participation announced so far.

In terms of transaction value, Vietnam has taken the 41st place this year, with more than $2 billion.

“If this trend continues, this number may reach $3.8 billion, compared to that of last year, with 55th place and $2.8 billion, respectively,” he added.

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