Vietnam

Swedfund backs Vietnam’s EVF General Finance with $20m sustainability loan

Of the loan, 40% will be allocated to climate projects and 30% to women-owned enterprises.

Last week, its competitor VPBank Securities also fell in its debut due to a weak market.

Vietnam’s tech and startup landscape underwent a sweeping policy overhaul this year.

Startup funding to private market investments and trends, catch the week’s top headlines.

DealStreetAsia was the first to report the investment on Nov. 29.

Its current market capitalisation stands at $2.35 billion, down from $2.4 billion after the IPO.

Penguin Securities raised $2.6 million in fresh capital last week.

For Kokuyo, the acquisition is a significant step towards its goal of becoming the top stationery player in Asia by 2030.

RealVantage commanded a valuation of $70 million.

VC funding remains largely dependent on mega-deals.