3 Mekong startups win $20,000 at regional entrepreneurship summit


Three startup teams from Laos and Vietnam have jointly won total grants to the tune of $20,000 at the Mekong Entrepreneurship Ecosystem Summit that was held over the weekend by Tigers@Mekong, an accelerator program funded by the US Department of State. The firms chosen include the ‘Mekong Next Top Mentors’  project,… Read more »

Adventus acquires 100% commercial benefits of Vietnam-based residential project

Singapore headquartered Adventus Holdings Limited’s 65 per cent owned subsidiary, Crimson Star Development, has announced that it has reached a deal to acquire the commercial benefits of a residential property development project based in Ho Chi Minh City, Vietnam. The semi-completed residential project, called VRG Riverview, located at the city’s centre… Read more »

VN Dealbook: Hanoi Water Co subsidiary prepares IPO, Binh Dinh invites Singapore investment

Vietnam aims to privatise almost 400 state companies in 2015. One of the recently approved initial public offer (IPO) is that of the Hanoi Clean Water Co Ltd No 2, water supply firm in the capital city. Meanwhile, a delegation from Binh Dinh province in central Vietnam is in Singapore to… Read more »

Exclusive: Vietnam to launch a national venture capital fund by year-end

The Vietnam Ministry of Science and Technology is exploring the possibility of establishing a national venture capital (VC) fund, to foster the growth of local startups and build a strong ecosystem, DEAL STREET ASIA has learnt. The ministry has founded a number of supporting organisations, such as the National Foundation… Read more »

Japan mulls investment in Ho Chi Minh City metro project

Japan, Vietnam’s largest official development assistance (ODA) partner, is keen on developing the underground metro station and trading centre project in Ho Chi Minh City, and is considering providing ODA loans for the city, the Vietnam News Agency has reported. The subsurface project will be located at the Ben Thanh… Read more »

Vietnam’s Masan Consumer Holdings to raise $417m via bonds

Masan Consumer Holdings (MCH), a wholly-owned subsidiary of one of Vietnam’s leading private firms Masan Group, and a syndicate of eight banks led by Vietcombank, have inked agreements to sell 9 trillion dong ($413.32 million) worth of bonds. “This is the largest ever private corporate bond deal in Vietnam’s capital market,”… Read more »

VN Dealbook: Power Nhon Trach 2 to list on HSX, Chairman to increase stake in Hoa Phat

Vietnam based listed companies have seen a change in listing patterns. A state owned power company is planning to start trading on the HCM City Stock Exchange, transferring its shares, which were earlier listed on the UPCoM. Meanwhile, the chairman of Vietnam’s listed steelmaker Hoa Phat Group, is seeking to increase his holding in… Read more »

Vietnam F&B startup HotTab plans to bootstrap till it finds ‘compelling’ investor

Vietnam based food and beverage startup HotTab that provides hotel service tablets and POS (point of sale) service has been bootstrapping its business since the time it started and intends to do that till a “compelling” investor comes there way, its founder said in an interaction. “We are open to all ideas, but… Read more »

Exclusive: 500 Startups looking to make 17 new investments in Vietnam

US-based seed fund and startup accelerator 500 Startups, which has invested in four companies in Vietnam so far, wants to add 17 more companies from the country to its portfolio, said Khailee Ng, the venture capital fund’s managing partner who takes care of the Southeast Asian region. Vietnam is early (stage) in… Read more »

Hanoi Investment General Corp teams up with Geleximco, ABFG

Hanoi Investment General Corporation (SHN) will sell stake in company to Hanoi General Export Import Corporation (Geleximco) as a strategic partner, SHN chairman Dinh Hong Long said at the partnership signing ceremony with Geleximco and An Binh Investment Group (ABFG). Long said the partnership with Geleximco will help significantly improve SHN performance,… Read more »