Nguyen Thi Bich Ngoc

Correspondent, Vietnam​

FountainVest Partners closes debut RMB fund at $246.5m

FountainVest does both control and growth capital deals in unlisted as well as listed companies, and focuses on large-sized transactions.

IFC mulls $145m financing package for China’s Jiangsu Financial Leasing

The proposed investment will introduce the first sizable public green financing issued by an SME-focused private sector leasing company in China.

Washington State Investment Board to invest $200m in Centurium’s debut fund

Centurium Capital Partners 2018 LP is a mid-cap growth equity and buyout fund investing in the consumer and healthcare sectors in China.

Vietnam: Vingroup sets up new subsidiary Vingroup Ventures, hires CEO

It is unclear whether the corporate’s proposed new venture capital fund will be operated by Vingroup Ventures.

Now Vietnam finds Grab-Uber merger anti-competitive

Vietnam Competition and Consumer Protection Authority (VCA) said that the Grab-Uber transaction breached two norms of the competition law, including a failure to notify the economic concentration following the deal and prohibited consolidation.

Vietnam: VNG co-founder’s ride-hailing service Be Group set to launch operations

Be Group will initially kick off with BeBike and BeCar services and add further features such as e-wallet, delivery and reward programmes.

S Korea’s Nextrans says has enabled Vietnam portfolio to raise $23m follow-on funding

Nextrans also seeks to build a platform in Vietnam to make seed investments in about 100 companies over the next three years.

ADB, Vietnam’s BIDV in $300m SME financing pact

The twelve commercial banks joining force in the initiative are from South Korea, China and Taipei.

Vingroup acquires 51% of Spanish hardware firm BQ to make smartphones

The Vsmart-branded phones will be introduced six months after the business giant announced the establishment of its VinSmart subsidiary.

Apax Partners to take over NZ-based e-commerce firm Trade Me in $1.76b deal

The acquisition is expected to be funded with equity committed by the Apax Funds and third party debt financing.