Vietnam: Petrolimex Group unit to merge with HDBank

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The merger of both banks is scheduled to take place by August this year.  

Vietnam Digest: VIISA to invest in Batch 3 startups; Adventus buys Danang land

VIISA is a partnership between Dragon Capital, FPT Corporation and Hanwha Investment & Securities.


Former Lazada Vietnam alumni’s startup Intrepid closes $2m round

Intrepid said the latest funding round was led by a group of Swedish family offices and will primarily be used for rapid expansion across the region.


Singapore’s Nest Tech invests in Vietnamese startup Edu2Review

The online education and booking platform plans to raise additional $3.5 million from investors this year.


Japan’s Gaiax invests in Gobi-backed crowdsourced tour startup Triip

Triip said the latest financing sees its valuation jump to $10 million from $2 million in 2016.


Vietnam Digest: Vinafood 2 to trade on UPCoM; KIDO to buy 51% in Golden Hope

Golden Hope is 49 per cent owned by the Vietnam Vegetable Oils Industry Corporation


Vietnam’s IPO frenzy could be getting ahead of itself

Vinhomes JSC’s proposed $2 billion initial sale would be the country’s biggest ever.


Vietcombank earns $7.5m by divesting Orient Commercial Bank stake

After divestment in OCB, Vietcombank also plans to sell its stake in Military Bank (MB) and Vietnam Export and Import Bank (Eximbank) this year.


Exclusive: Vietnam consumer-focused PE Mekong Capital to raise fund IV next year

Mekong expects its $112.5-million fund III to be fully deployed in the first half of 2019.


Japan’s Scroll acquires nearly 27% of Vietnamese e-commerce firm Cat Dong

Cat Dong Trade and Service JSC owns e-commerce sites Cungmua.com and Nhommua.com. Private equity firm ACA Investments is its largest investor with a 37% stake.