Once completed, Aozora would become OCB Bank’s largest shareholder.

A survey by Corporate Investment and Mergers & Acquisitions Center also showed that one of the obstacles to M&A deals in Vietnam is the time consuming approval process.

Under the severe consequences of the pandemic, local enterprises are put into a more vulnerable position and become easy target for foreign companies.

Not only M&A is an effective investment channel, foreign investors’ decision to shift from new investment to M&A shows the development of the domestic economy, said an expert.

M&A in hotels and resorts is expected to thrive as the social distancing orders have left devastating affects on low-end hotels and budget accommodations.