Serial acquisitions: A Case Study of Saigon – Hanoi Commercial Joint Stock Bank

Among many forms of development strategy, serial acquisitions are known as an effective method for firms to gain prosperity with a rapid speed. However, serial acquisition strategy is generally risky and complex. This study examines the serial acquisitions of Saigon – Hanoi Commercial Joint Stock Bank (SHB). The main research findings points out that the acquisition process of SHB is compatible with the acquisition process of a successful acquirer recognized in the literature. SHB has the ability to learn from experience, not only from its previous transaction but also from other firms’ acquisitions.