AirAsia suspends plan to venture into Vietnam


AirAsia has ended an agreement with Gumin Company Ltd and Hai Au Aviation to set up a low-cost carrier.

Vietnam Airlines gets stock exchange nod to list 1.4b shares

The airlines’ shares, which are currently traded on the Unlisted Public Company Market, will publicly list on the southern bourse.

South Korean chaebols are betting big on Vietnamese conglomerates

In March, South Korea’s SK Group announced plans to invest $1 billion in Vingroup JSC. Last September, it bought a 9.5 percent stake in Masan Group Corp.

GOJEK’s Vietnamese arm launches Go-FOOD in Hanoi

The ride hailing service firm first launched the service in Ho Chi Minh City (HCMC) a few months ago.

Singapore’s GIC said to have led investment in Vietnam’s VNPAY

The financing for VNPAY is GIC’s first investment in a Vietnamese fintech company.

Vietnam Digest: Credit Suisse sells Masan shares; Hyundai Elevator to buy Hoa Binh stake

Credit Suisse AG (Singapore branch) has sold 27.7 million shares of Masan Group Corporation to six Vietnamese individuals.

S Korea’s LG Chem sets up JV with Vietnamese car-maker VinFast

The JV aims to produce lithium-ion batteries for the Vietnamese carmaker’s electric scooters and electric vehicles.

People Digest: Mastercard names Vietnam country manager; Boustead ropes in new MD

Malaysian conglomerate Boustead Holdings Bhd has named Datuk Seri Amrin Awaluddin as its managing director.

Vietnamese conglomerate Vingroup acquires Shop&Go stores for $1

VinCommerce, the retail store arm of Vietnamese conglomerate Vingroup, has acquired 87 Shop&Go convenience stores for $1.

Monk’s Hill leads $5m Series A round for Vietnam-based Jio Health

Founded in 2014 by University of California, Irvine alum Raghu Rai, Jio Health is looking to scale its care provider team and clinical operations across Vietnam.