Vietnam’s Gemadept to have 51% stake in $30m new logistics centre


Vietnam’s logistics firm Gemadept Corporation will contribute 51 per cent capital to establish the VND669 billion ($31 million) logistics centre in southern Hau Giang province, the company has announced. The 15 hectare project is located in the Song Hau Industrial Park, a key area for the company to develop its logistics… Read more »

FLC Group in race to acquire stake in Vietnam’s first privitised hospital

Vietnam based property developer FLC Group has reportedly put forward a proposal to the Ministry of Transport, to acquire the entire stake that the Vietnam Central Transportation Hospital plans to sell to a strategic partner. The hospital will be Vietnam’s first healthcare facility to be privatised. It was valued at… Read more »

Race for the control of Vinamilk raise concerns over management

The largest dairy firm in Vietnam, Vinamilk has been at the centre of controversy with reports of direct confrontation between the company’s board of directors and the firm’s largest shareholder, the State Capital Investment Corporation (SCIC). The disputes over different corporate governance perspectives, that started two years ago, came to… Read more »

Alpha Accelerator Program will ensure that more startups get funded: Nguyen Ngoc Nam

The Alpha Accelerator Program (AAP) is the first of its kind in Vietnam that follows the model of Singapore’s JFDI (the Joyful Frog Digital Incubator). Nguyen Ngoc Nam, chairman of tech company Alpha Vision and founder of the program, said that AAP’s approach involves working with investors before selecting startups…. Read more »

Luxembourg-based Eurofins Scientific acquires 65% in Vietnam’s Sac Ky Hai Dang lab

Eurofins Scientific, the Luxembourg-based food and environment testing services company, has reached an agreement to acquire a 65 per cent stake in Sac Ky Hai Dang Science Technology Services JSC, a leading private laboratory in Vietnam. Sac Ky Hai Dang analyses food and agricultural products, and also does environmental testing…. Read more »

VN realty dealbook: Sao Mai invest in Thanh Hoa, Tasco issues bonds to fund projects

The investment scene in Vietnam’s real estate sector has seen new developments from Sao Mai Corporation and Tasco JSC. While Sao Mai has gained license for its urban area project in coastal province Thanh Hoa, Tasco plans to raise funds from issuing convertible bonds. Sao Mai get nods to invest in… Read more »

Vietnam’s FPT Corporation kicks off accelerator & VC arm with $3m seed fund

FPT Corporation, Vietnam’s leading tech firm Tuesday launched its accelerator and venture capital arm, FPT Ventures, a $3 million fund that will target seed and series A investments in local startups. DEALSTREETASIA had first reported this development last week, and had said that Vietnam’s biggest tech corporation would partner US-headquartered venture capital… Read more »

Dragon Capital’s Vietnam Debt Fund SPC to exit Ho Chi Minh City Infrastructure Investment Corp

Dragon Capital’s Vietnam Debt Fund SPC (VDeF) will make a complete exit from the Ho Chi Minh City Infrastructure Investment Corp (CII), and it has registered to sell nearly 1.3 million shares it holds of the company. If the transaction, expected to be finished on June 18, is successfully executed,… Read more »

Vietnam lures $1.56b in investments from Korean firms

Vietnam has witnessed major investment projects from Korean companies within the past week, including a $1.4 billion initiative from Samsung Electronics that was launched today in Ho Chi Minh City. Several other investors from Korea are also expected to come in, bolstered by the free trade agreement between the two nations, that… Read more »

Vietnam startup scene poised to take off as ecosystem comes together

For almost a decade, Vietnam’s startup scene has faced shortage of quality startups, lack of legal support and inadequate funding. All this is set to change with a new wave of entrepreneurs  and investors re-shaping the country’s  startup ecosystem. Several changes were already visible during Techfest, the first national event for startups (or… Read more »