By Nguyen Thi Bich Ngoc
The fundraising cycle of closed-end funds challenge the traditional model.
Hiip’s early backer Expara Ventures also participated in the round.
FPT Corporation will receive $41 million from sale proceeds and FPT Trading’s retained earnings
The financing is said to be a long-term funding that will help VIB in growing its small and medium enterprises
Together, the two investors are reported to become Dragon Capital’s second largest shareholders.
VinaCapital is divesting its stake in Vina Square project to Tri Duc Real Estate Company for $41.2 million.
Foreign brewers from Kirin to Heineken have been looking at a possible investment in Sabeco.
Deal making by PE firms in Vietnam this year has already reached around $770 million through 19 deals.
Vingroup hopes to become a top car manufacturer in the Southeast Asian region, making 500,000 cars per year by 2025.
The new divestment schedule will see the state cutting its holding in 400 companies by 2020.