Equity investors seeking opportunities in Vietnam are taking a step back, waiting for the market to rebound amid significant upheavals such as the country’s weak IPO market and fallouts from the local government’s ongoing anti-graft crackdown.
Since the third quarter of 2021, the number of PE-VC deals has been on a free fall in Vietnam, show data compiled by DealStreetAsia DATA VANTAGE. In Q1 2023, deal volume fell for the sixth straight quarter to just nine deals.