Genesia Ventures invests in Vietnam’s Airbnb-like startup Luxstay

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Japanese venture capital Genesia Ventures said it has completed an undisclosed investment in six-month-old house rental startup Luxstay. This is the first venture capital funding round the company has received, an executive with the firm told DEALSTREETASIA. Luxstay allows customers to rent short-term villas, apartments and high-end homestays owned by… Read more »

Vietnam: VinaCapital exits Times Square, LienVietPostBank acquires Sacomreal

New market developments in the Vietnam real estate industry have seen VinaCapital exit the Hanoi-based mixed-use project, called Times Square, selling to Elite Capital Resources Limited. Meanwhile, banking institution LienVietPostBank has decided to purchase bonds of Sacomreal for VND500 billion. VinaLand exits abandoned project Times Square for $41m VinaLand Limited, the… Read more »


Vietnam: POPS completes series B round, in talks to raise series C

It bagged series A of $1.8 million from IT-Farm.


South Korea’s Taekwang to bid for Vietnam-based logistics firm Gemadept

South Korean conglomerate Taekwang is mulling an acquisition of Vietnam’s largest logistics firm Gemadept as it looks to fortify its logistics chain in the Southeast Asian region, the Korea Economic Daily reported. The newswire cited industry sources saying that Taekwang had submitted a letter of intent to purchase shares of the Vietnamese… Read more »


Mekong Capital invests in Vietnamese logistics firm Nhat Tin

Marks fifth investment by Mekong Enterprise Fund III


Vietnam: PE-backed Loc Troi Group to set up two JVs with Chinese partner

The two JVs to have a total initial charter capital of $10 million.


Jollibee, VTI joint venture SuperFoods nears Vietnam IPO

This will adjust the ownership interest in the SuperFoods Group to 60 per cent held by Jollibee.


Vietnam: SonKim Land hits first close of $46m follow-up round led by EXS Capital

Funding is part of $100-million follow-up round.


Vietnam: Binh Son Refinery mulls 30% share sale to strategic investors by year-end

The firm has invited 15 investors to participate in its privatisation process.


Carlsberg ‘hunting’ to close takeover of Vietnam’s Habeco: CEO

Carlsberg holds a 17.5% stake in Habeco currently.