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Vietnam 2017: Top startups to watch out for


Vietnam has hosted several events to showcase new potential startups. Concluding 2016, the Vietnam Startup Festival on December 29 – themed ‘The Pioneer Dream’ – featured newly awarded startups, both bootstrapping and VC-backed companies, which are poised to attract a lot of attention.

Vietnam 2016: Real estate sees spate of M&As, investment platforms

Towards the last couple of months of the year, a spate of investment consortia were formed, namely the joint ventures between Warburg Pincus and VinaCapital, Kajima and Indochina Capital, and Sunwah and Saigon Asset Management, and the $500 million fund by CapitaLand.

Vietnam 2016: Startups see M&A action from overseas buyers

Experts have consensed that one of the most visible improvements of the Vietnam startup ecosystem in 2016 is a stronger corporate M&A activity.

Budget carrier Vietjet sells over 24% stake to 26 foreign investors

Of the 73 million shares Vietjet is offloading, a number of nearly 6.6 million, or over 2.6 per cent of its charter capital, were transferred to three investment funds, Wareham Group Limited, Dragon Capital and DC Developing Markets Strategies.

Vietnam 2016: Privatisation of state firms continues to be piece-meal process

Stake sales of Vietnam’s state-owned biggies failed to happen or attract buyers in 2016, even as the government mulls to put 12 state-owned enterprises (SOEs) up for sale to curb mounting public debt. Most of the time, Vietnam is either not used to working with private, international investors, or skeptical if it can sell the businesses at a good price.

Vietnam 2016: Mekong, KKR, Vinacapital record PE exits

On the exit side, most of the top deals were made by domestic investors, including VinaCapital and Mekong Capital. The majority of the transactions were completed through the stock exchange.

Vietnam: SonKim Land raises $100m from Japanese investors

The investment is facilitated by Lemon Grass Master Fund, a Cayman Island-incorporated investment vehicle which had earlier invested $37 million in SonKim Land in 2013.

Vietjet mulls Feb 17 listing after 15% placement to institutional investors

Around 30 international institutions subscribed to Vietjet’s first offer, including Singapore sovereign fund GIC, Morgan Stanley, Mirae Asset, Dragon Capital and VinaCapital.

Vietnam’s Vingroup rules out sale of retail chain to Japan’s 7-Eleven

“We will not sell the VinMart+ chain at any offered price,” Vingroup declined the Inside Retail Asia report in a statement sent to DEALSTREETASIA.

Vietnam: P2P lending startup Tima gets funding from Singapore investor

Vietnamese P2P lending startup Tima has closed a US dollar 7-figure series A funding from a Singapore fund to accelerate service growth in the local market, a senior executive of the company told this portal.