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.

Google exploring steps to open representative office in Vietnam

The news comes as a controversial cybersecurity law is set to take effect next month, requiring global technology firms to open local offices and store data in the country.

Gaw Capital to exit four Vietnam assets bought via special vehicle by 2020

The properties spread across Vietnam include Indochina Plaza in Hanoi and Hyatt Regency Danang.

Vietnam Airlines to list on Ho Chi Minh City stock exchange in April 2019

Shares of Vietnam Airlines are currently traded on UPCoM at around VND34,000 ($1.47) apiece, valuing the company at more than $2 billion. 

Indonesia’s Alpha JWC makes maiden Vietnam investment in

The round was joined by 500 Startups and Vietnam Innovative Startup Accelerator (VIISA), the two lead investors in the Vietnamese firm’s unspecified seed round raised in August this year.