Vietnam Airlines to sell 3.47% stake in Nov float

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Vietnam’s flagship air carrier – Vietnam Airlines – will sell 3.475% stake, equivalent to 49,009,008 shares of the company in its initial public offering (IPO) this month, the country’s transport ministry said in a directive. The initial share price will be 22,300 Dong ($1.06) each, and the sale is set… Read more »

Linh is PVcomBank’s new general director

Nguyen Hoang Linh has been made the new general director for Vietnam Public Bank (PVcomBank) replacing Nguyen TheBao, who has been re-positioned to PetroVietnam Exploration Production Corporation (PVEP) as a member of the management board. Linh has over 16 years’ experience in the financial and banking sector and was the… Read more »


Nguyen Cong Nam Hien : The toy entrepreneur

It is tough to get investors excited about a toy startup. But for Nguyen Cong Nam Hien, the founder of Vietnamese toymaker Mato.vn, it was about converting his childhood passion into a visible business plan. Along the way, investors took notice. Incubated at Hatch!, the company recently raised an undisclosed… Read more »


Vietnam’s Ocean Bank has a new chairperson

The board of Dai Duong (Ocean) Bank has voted Nguyen Minh Thu as the  chairperson of the  Board of Directors.  Earlier on the same day, the Board had discharged Ha Van Tham from the office of Chairman due to his individual “violation of regulations on lending activities”. According to the… Read more »


Global telcos vie for stake in Vietnam’s MobiFone

Several European and Asian carriers are in the race to pick up a minority strategic stake in Vietnam’s second largest mobile operator MobiFone before its proposed listing in 2015, a banker tracking the development, and declined to be named, said. Norway’s Telenor ASA , which recently began rolling out mobile… Read more »


International consortium to plan Da Nang hi-tech zone

The Da Nang Institute for Socio-Economic Development (DISED), Seoul Research Institution and the United Nations Human Settlements (UN-HABITAT) have formed a a consortium to develop a strategic plan for the high-tech development zone in the city of Da Nang, in central Vietnam. In an earlier seminar, a research team, had… Read more »


Hatch! Riding Vietnam’s startup scene

A little known fact even in the region – Vietnam’s startup ecosystem is coming of an age. Be it the launch of new companies, incubators, accelerators, tech-related events or the increasing numbers of angel investors – the vibrancy in this field is for real. The addictive Flappy Bird may be… Read more »


Vietnam’s funniest site Haivl secures $1.56-m funding

Vietnam’s leading entertainment website Haivl.com is believed to have been acquired by 24h Online Advertising JSC at VND33 billion ($1.56 milion) last week, although the founder has publicly termed the exercise an investment. According to Vnexpress, 24h Online Advertising JSC, the operator of www.24h.com.vn acquired Haivl on October 8, a… Read more »


Vietnam’s Long Thanh Airport contract set to attract global consortiums

The multi-billion contract to build and operate Vietnam’s Long Thanh International Airport in the southern province of Dong Nai will be up for grabs soon. The Vietnamese government has approved the project at an estimated cost of $7.84 billion, the country’s local media reported. Once completed, the international airport is… Read more »


Vietnam restaurant chain Huy Vietnam secures a $15 mn Series B funding

Institutional investors and regional family offices from Malaysia, Korea and Hong Kong have led a Series B round of funding of about $15 million for Huy Vietnam Group Limited, the largest restaurant chain, almost a year after the company received $3.5 million in the Series A financing. The PE firms… Read more »