Vietnam Airlines on the verge of bankruptcy, faces risk of legal action due to mounting arrears

Amazon courts Vietnam merchants to take on China’s Alibaba

Vietnam’s BHL Education said to be in talks to raise $20m to expand ops

Facebook finds a new approach to growth in rural Vietnam

Photo by Tran Phu on Unsplash Facebook is taking lessons from rural Vietnam as part of its advertising business becomes more difficult and online merchants embrace video and chat to connect with customers.

State-owned Vietnam Airlines plans to sell 11 Airbus planes to shore up its finances

Visual from Vietnam Airlines website. Vietnam Airlines plans to sell 11 Airbus A321 aircraft through an auction, as the Southeast Asian country’s flag carrier struggles with the economic fallout of the coronavirus pandemic. The airline, which is 86% owned by the…

Vietnam steel maker Hoa Phat buys Australian iron ore mine to secure own supplies

Photo: Christophe Dion / Unsplash Vietnam’s steel maker Hoa Phat said on Monday it has acquired the Roper Valley iron ore mine project in Australia, marking the company’s first step to secure its own supplies in the world’s biggest iron ore producer. The…

Masan Group arm buys 20% stake in Vietnamese tea brand Phuc Long for $15m

Photo: Phuc Long Coffee and Tea’s fanpage The Sherpa Company Limited, a subsidiary of the Vietnamese conglomerate Masan Group Corporation, has acquired a 20% stake in Phuc Long Heritage Joint Stock Company, the firm behind the local tea and coffee…

SEA Digest: Thailand’s first initial coin offering; S&P assists Vietnam’s FiinGroup

Ho Chi Minh city, Vietnam. Photo: Pixabay SPV77 plans to raise $76.48 million in Thailand’s first initial coin offering (ICO); Vietnam’s FiinGroup will receive technical assistance from S&P Global Ratings.  SPV77 plans Thailand’s first initial coin offering SPV77 Co Ltd…

IFC proposes to extend $10m loan to ACLEDA Bank Lao

Photo: Alessio Roversi on Unsplash International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, is considering a $10-million loan financing to ACLEDA Bank Lao Ltd (ABL), according to a disclosure.

IFC proposes to extend $130m financing to Vietnam’s SeABank

Photo: SeABank‘s fanpage The International Finance Corporation (IFC), part of the World Bank, is considering a $130-million senior loan to Hanoi-based Southeast Asia Commercial Joint Stock Bank (SeABank) to support the lender’s plan to grow its climate financing, SME and…

US-based VC firm Goodwater Capital sees Vietnam as its core market in SE Asia

Eric Kim, co-founder and managing partner at Goodwater Capital. US-based venture capital (VC) firm Goodwater Capital is betting big on Vietnam’s burgeoning fintech startup ecosystem as it considers the country its core market in Southeast Asia.

Vietnam’s wealthtech platforms seize the moment as young investors get hooked

Photo : MayoFi / Unsplash.com Nguyen Mai Hong, who works for a furniture company in Vietnam’s capital city Hanoi, is a novice in investing. She started dabbling in stocks and bonds only recently after she was introduced to Finhay, one…

Vietnamese education group EQuest is raising $100m, TAEL to make partial exit

Vietnam’s EQuest Education Group is in the process of raising up to $100 million in a fresh funding round, sources privy to the matter told DealStreetAsia.

Vietnam-based Masan Group in talks to raise $1b for animal feed unit: Report

Vietnam’s diversified company Masan Group is seeking to raise up to $1 billion for its animal feed unit, according to a Bloomberg report on Thursday. The conglomerate is exploring options including a strategic stake sale for the unit, which is operated…

IFC proposes to extend fresh loans to Vietnam’s HD Bank, Cambodia’s Hattha

The International Finance Corporation (IFC), part of the World Bank, is considering a $70 million financing to Ho Chi Minh City Joint Stock Commercial Bank (HDBank), according to a disclosure.

SEA Digest: Brooker Group invests in digital assets, FE XCELERATE 2021 launched

Photo: Unsplash Brooker Group, a Thai financial firm, will become the first publicly listed company to invest in decentralised finance and decentralised applications. Vietnam-based FE Credit has partnered with Singapore early-stage VC firm Expara to launch its accelerator programme FE…

FMO proposes $20m loan to Cambodia’s Sathapana Bank

Phnom Penh, Cambodia. Photo: allPhoto Bangkok/unsplash Dutch development bank FMO has proposed a $20 million funding in Sathapana Bank, one of Cambodia’s leading banks in terms of the loan portfolio, according to a disclosure.

Vietnam, Philippines see largest growth in spends on mobile games in SEA

Vietnam accounted for 22% of all game downloads, while the country’s gaming market grew by 10% last year in terms of downloads.

Vietnam’s VNLIFE said to seek over $200m in new funding round

VNLIFE, the parent firm of Vietnam’s digital payments major VNPAY, is understood to near the completion of an over $200 million fundraising round.

Vietnamese conglomerate Vingroup to close down smartphone business

The shift in resources will allow Vingroup to compete globally on electric vehicles.

Vingroup’s VinSmart unit to stop smartphone, TV production; to focus on EV tech

VinSmart’s first 5G-enabled phone, VSmart Aris. Vietnam’s largest conglomerate Vingroup has officially announced that its unit VinSmart will stop the production of TV and smartphone units and will instead switch to developing smart solutions for VinFast automobiles. The move is…

After two-year lull, Vietnam’s IPO market shows green shoots of recovery

A woman rides a bicycle past the stock exchange center in Hanoi, Vietnam. Photo: Reuters/Nguyen Thanh Cao A two-year lull in Vietnam’s IPO market may be finally coming to an end.

Vietnam’s B2B trucking startups reset business focus to offset pandemic slowdown

Vietnam’s ‘Uber-for-truck’ startups operating in the B2B space are prioritising profitability and sustainability and chasing new business avenues as they weather the adverse impact of the global pandemic-induced supply chain disruptions.

Vietnam’s Bamboo Airways seeks to raise $200m in US IPO

Photo: Bamboo Airways‘s Facebook page Vietnam’s Bamboo Airways plans to raise up to $200 million in an initial public offering in the United States, potentially securing a market capitalisation of up to $4 billion, its chairman Trinh Van Quyet said on Wednesday. Bamboo Airways, owned by property and leisure company…

Japan’s SMFG acquires 49% stake in Vietnamese NBFC FE Credit

Japan’s Sumitomo Mitsui Financial Group (SMFG) has agreed to acquire a 49% stake in Vietnam-based FE Credit in a transaction that values the non-bank lender at $2.8 billion, according to an announcement. The transaction marks the largest overseas investment into…

Southeast Asia’s startups beat pandemic blues to raise record $6b in Q1

Bangkok, Thailand. Photo by Aaron Thomas on Unsplash Southeast Asia-based startups kicked off 2021 in style, raising a record $6 billion in the first quarter of the year. Deal count, too, jumped amid signs of economic recovery and mass inoculation…

Vietnam’s Touchstone Partners has one eye on ESG, and the other on financial returns

Khanh Tran (left) and Tu Ngo. Touchstone Partners, a newly-established Vietnamese venture capital firm, believes value can be created in embedding environmental, social, and corporate governance (ESG) elements in businesses, without compromising on financial returns.

Vietnam’s game publisher Funtap acquires over 30% stake in e-wallet 9PAY

Vietnamese mobile game publisher Funtap has picked up an over 30% stake in local digital payments firm 9PAY as it seeks to expand its technology offerings.

Changing demography, digital adoption push more Vietnamese private hospitals into investors’ radar

In Vietnam, where state-owned hospitals dominate the healthcare industry, investments in private hospitals have generally been muted. Only one investment was made in a private hospital or clinic chain in each of the years between 2017 and 2019, for instance.

Vietnam’s carmaker VinFast mulls fundraising opportunities

Photo: Reuters Vietnam’s first domestic car manufacturer, VinFast, said on Wednesday it is considering various fund raising opportunities and investments, including an equity investment via a special-purpose acquisition company (SPAC) or an IPO. Vinfast, a unit of Vietnam’s largest conglomerate Vingroup JSC,…

Are Vietnam’s edtech startups ripe for take-off?

The funding rounds in Vietnam’s edtech sector, and a plant-based meat firm’s US$10m backing from Temasek and others

What mobile money could mean for Vietnam’s payments sector

We explore what mobile money means for Vietnam’s fintech players, and take a closer look at Startup Bangladesh’s latest fund.

SEA remains a top market for tech recruitment despite rising compensation packages: study

According to the the joint report of Monk’s Hill and Glints, companies in the US and China view the region as a more affordable market to make hires.