On November 28, 2023, in Ho Chi Minh City, the M&A Vietnam Forum 2023 held its 15th honorary ceremony, sponsored by the Ministry of Planning and Investment. This prestigious annual event attracts hundreds of experts, policymakers, and leaders from top domestic and international businesses. At this event, F.I.T Group was honored in the category of Enterprises with Exemplary M&A Strategy for the period 2009-2023.
The list announced by the M&A Vietnam Forum garners attention from those in the M&A field. Themed “Prosperity Together,” the M&A Vietnam Forum 2023 recognized and honored managers and leading experts for their Exemplary M&A Strategy and Best M&A Advisory Unit for the period 2009 – 2023.
At the ceremony, Deputy Minister of Planning and Investment Tran Duy Dong stated, “The Vietnamese M&A market continues to be attractive to international investors, serving as an effective capital mobilization channel. It contributes to diversifying activities to attract capital to the Vietnamese economy, promoting the restructuring of the economy, innovating growth models, and equitizing state-owned enterprises.”
Deputy Minister Tran Duy Dong speaking at M&A Vietnam 2023.
The high consensus from experts on F.I.T Group’s recognition as the Enterprise with Exemplary M&A Strategy for 2009-2023 reflects the Group’s significant achievements during this pivotal period. Over 15 years, each M&A deal by F.I.T Group’s Board of Directors and Management was carefully considered based on certainty, safety, effectiveness, ensuring robust resources, and focusing on sustainable development.
Mr. Tran Duy Dong, Deputy Minister of Planning and Investment (right), and Mr. Le Trong Minh, Editor-in-Chief of Investment Newspaper, Head of the Vietnam M&A Forum 2023 Organizing Committee, honoring F.I.T Group.
Mr. Tran Duy Dong, Deputy Minister of Planning and Investment (on the right), and Mr. Le Trong Minh, Editor-in-Chief of Investment Newspaper, Head of the Organizing Committee of Vietnam M&A Forum 2023, honoring F.I.T Group.
One of F.I.T Group’s notable transactions was the successful acquisition of Cuu Long Pharmaceutical Joint Stock Company, a leading pharmaceutical company in Vietnam. This strategic move diversified F.I.T Group into high-potential, essential business sectors, aiming to enhance future life quality. With over 46 years of operation and strong investment from F.I.T Group, Cuu Long Pharma has become a leading and reputable pharmaceutical company in Vietnam. As per the Consolidated Financial Report for Q3 2023, in the first nine months, DCL achieved over 774 billion VND in revenue, a 13.16% increase compared to the same period last year, with total assets increasing from 2.105 trillion VND to over 2.115 trillion VND, and equity rising from 1.391 trillion VND to over 1.421 trillion VND.
DCL is now a leading company in Vietnam in the field of manufacturing various types of Capsule capsules.
Another highly regarded transaction of F.I.T Group was the acquisition of Khanh Hoa Mineral Water Joint Stock Company. This company possesses immense potential, owning the Đảnh Thạnh natural alkaline mineral mine with a pH of 9.0, achieving the perfect natural alkalinity of 100% without artificial alkaline processing. Investing in Khanh Hoa Mineral Water JSC marked a turning point for F.I.T Group, enhancing its competitive capacity and creating a difference in the bottled water market. It also contributed to inspiring life enjoyment with superior health care products and services. The latest financial report for Q3 2023 shows Vikoda achieving a 52% growth in net profit compared to the previous year. Brand activation activities have been vigorously implemented nationwide, increasing brand recognition among consumers, particularly for Vikoda natural alkaline water. Amidst a vibrant and competitive domestic bottled water market, Khanh Hoa Mineral Water JSC is continually affirming its market position and brand, striving for new heights.
Vikoda’s natural alkaline water brand, bottled at the source without artificial alkaline processing, retains all valuable minerals, creating a superior difference in the bottled mineral water market.
F.I.T Group’s careful, wise, and keen approach in billion-dollar transactions has led to its success, rapidly securing a high standing in various business sectors.
Discussing the award, a representative of F.I.T Group said, “Through M&A, F.I.T Group has solidified its ecosystem robustly and qualitatively to fulfill the mission of Enhancing the Quality of Life. We believe that each successful transaction is not about revenue or profit, but about creating a solid foundation, contributing to the Group’s sustainable development.”
Adhering to this principle, after 16 years of building and development, F.I.T Group has grown into a leading Vietnamese economic group, with total assets over 7000 billion VND, over 3,000 staff, owning dozens of member companies nationwide, and progressing towards realizing its vision of becoming a prosperous, multi-sector conglomerate with distinct, leading products and services.
