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.
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 government, said in an announcement posted on its website this week that interested buyers could […]
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 project is estimated to have 320 million tonnes of reserves, with mining capacity at four […]
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 brand Phuc Long, for $15 million, according to an announcement. As part of the deal, […]
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 has announced plans to raise 2.4 billion baht ($76.48 million) from the launch of 240 […]
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.
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 retail portfolio, according to a disclosure.
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.
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 of the many wealth management platforms available in the country.
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’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 by subsidiary Masan MEATLife, the report said. Shares of Masan MEATLife currently trade on Vietnam’s […]
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.
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 XCELERATE 2021. Thailand’s Brooker Group to invest $48m in DeFi, dApps Bangkok-based financial consultancy and […]
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 accounted for 22% of all game downloads, while the country’s gaming market grew by 10% last year in terms of downloads.
VNLIFE, the parent firm of Vietnam’s digital payments major VNPAY, is understood to near the completion of an over $200 million fundraising round.
The shift in resources will allow Vingroup to compete globally on electric vehicles.
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 seen as Vingroup’s attempt to focus its energies on its automobile unit VinFast. VinSmart will […]
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 ‘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.
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 FLC Group, plans to offer a 5%-7% stake in the IPO, which it expects in the third quarter […]
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 the Vietnamese financial sector, according to a government news portal on Wednesday. FE Credit was […]
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 programmes to curb COVID-19 across the region. According to our latest report, companies in the […]
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.
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.
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.
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, said in a statement “any potential fundraising will be subject to different factors such as […]
The funding rounds in Vietnam’s edtech sector, and a plant-based meat firm’s US$10m backing from Temasek and others
We explore what mobile money means for Vietnam’s fintech players, and take a closer look at Startup Bangladesh’s latest fund.
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.