toong - company pic

Toong join hands with CapitaLand Vietnam to open new co-working space


Vietnam’s co-working space operator Toong will be launching its first outlet in Ho Chi Minh City early next year, in partnership with Singapore-based CapitaLand, after aggressively opening four co-working spaces in Hanoi and Danang, leveraged by the seven-digit funding in March this year.

Vinamilk’s $500m stake sale seen as Asean’s biggest divestment in 2016

“In a difficult market dominated by funds outflows, SCIC managed to sell $500 million of Vinamilk shares. This transaction is the biggest stake sell-down in Southeast Asia this year.”

VietJet IPO set to raise $170m after pricing in middle of range

Vietnamese budget airline VietJet is set to price its initial public offering at 84,400 dong per share, just below the middle of its marketing range, four sources close to the transaction said – a price that would raise $170 million. The offering of 44.7 million shares values the country’s only… Read more »

Gobi-backed Triip partners for unique lodging experience

Under the partnership, Triip’s new booking practice will offer frequent travelers the lowest rate on hotel rooms, free international phone access through Flexiroam, as well as honouring travelers’ reward status achieved on other websites.

Vinamilk completes 5.4% sale to F&N, sees no other bids

Each of F&N’s subsidiaries, bought 2.7 per cent of Vinamilk at the given starting price of VND144,000 apiece during the dairy giant’s public auction on December 12, which saw no interest from other investors.

Vietnam: Vinamilk stake sale set to flop after govt puts investment caps

The Vietnamese government will likely fail to sell much of the 9 percent stake it has offered in dairy firm Vinamilk, one of its most attractive assets, with investors put off by highly restrictive investment caps and unfavourable market conditions. The State Capital Investment Corporation (SCIC), which represents the government’s… Read more »

Entrepreneurial hustle, tech talent, potential differentiates Vietnam from region: 500 Startups

“If you build something that is technically defensible, you’ll have a better chance on selling your products and services to the region and beyond.”

VinaCapital, partners to open $4b Vietnam casino project in 2019

Last year, the Vietnam fund manager announced partnership with Hong Kong diversified group Chow Tai Fook and Macau-based junket operator Suncity Group as it diluted its holding in the mixed-use development.

Vietnam tech major FPT to grow top line riding on active M&A strategy

DEALSTREETASIA had earlier reported that the group will spend $50 million every year for the acquisition purpose in foreign markets, including the US, Japan and European countries.

Vietnam Dealbook: Credit China to acquire Amigo, Masan to issue $300m debt

Vietnam based Masan Group intends to sell $300 million worth of US dollar-dominated bonds in Singapore as well as sell new shares, while Amigo Technologies will be acquired by Credit China Fintech in a $12.73 million deal. Chinese fintech major plans $12.73m acquisition of Amigo Technologies Credit China Fintech Holdings… Read more »