Myanmar to be strategic market in FPT Corp’s global investment plan


FPT Corporation, Vietnam’s leading tech firm, has become the first overseas business to be granted the Network Facilities Service-Individual telecommunications service license – NFS(I) – by the Myanmar information and communications technology ministry. FPT has been in the country since 2013 and the company executives maintain that Myanmar is “one of the… Read more »

Siam Commercial Bank to take-over its Vietnam-based JV Vinasiam Bank

Thailand’s Siam Commercial Bank (SCB) will set up a wholly owned branch in Vietnam by taking over Vinasiam Bank – which is a joint venture between SCB, the Vietnam Bank for Agriculture and Rural Development (Agribank) and Thai conglomerate Charoen Pokphand Group. “Vinasiam Bank is an utterly weak bank in operation, which cannot assure… Read more »

HATCH! COACH program receives $5K support from TIGERS@Mekong

TIGERS@Mekong, an acceleration initiative for the lower Mekong region by the US Department of State, has dished out a sub-grant of $5,000 for HATCH! COACH, an annual startup training platform of Vietnam’s incubator HATCH! PROGRAM. The fund has been described as “a mutual effort” to boost technology-based startups in Vietnam…. Read more »

VN Dealbook: Vinamilk adds $3.5m in New Zealand’s Miraka, Vietinbank Capital acquires 13.5% in PTIC

Two companies in Vietnam have recently increased investment in other businesses through share acquisition. While Vinamilk, the country’s biggest dairy firm, poured another tranche of $3.5 million in an overseas partner, Miraka Limited – New Zealand, Vietinbank Capital’s maiden investment in the Post and Telecommunications Investment and Construction JSC, see the investment firm… Read more »

Shinhan Investment Corp snaps up Vietnam’s Nam An Securities

Korea’s securities brokerage and investment banking house Shinhan Investment Corporation will complete the 100 per cent purchase of Nam An Securities Co within the next three months, the Vietnamese brokerage announced on Wednesday. According to a State Securities Commission approval of the transaction signed on July 3, seven individual shareholders… Read more »

Malaysia’s JAKS Resources finds new partner to jointly develop Vietnam-based $1.87m power plant

Malaysia’s JAKS Resources Bhd (JRB) and China Power Engineering Consulting Group have reached an agreement to set up a joint venture to develop a RM7.05 billion ($1.87 billion) thermal power plant in northern Hai Duong province, Vietnam. The 1,200 megawatt project is back on track, after several false starts. Earlier the JRB’s… Read more »

VN Dealbook: HAGL calls off share buyback; TH True Milk to invests in Moscow; investors allowed to contribute real estate to investment fund

Multi-sector firm Hoang Anh Gia Lai Group, with a focus on real estate, has announced that it will halt its 10 million share buyback plan to stabilise its stock price. Meanwhile, dairy firm TH True Milk has reportedly co-invested in a $2.5 billion project in Moscow. The recent issued decree that gives guidance… Read more »

Vietnam central bank takes over third loss-making lender

The State Bank of Vietnam (SBV) on Tuesday announced the take over of the Global Petro Bank (GPBank) after the commercial lender failed to address its inefficient operational issues. The move will help to consolidate the local fractured banking system. “All acquisition of the shareholders’ shares are complimentary; to make sure that the… Read more »

Vietnam’s food service startup Foody raises Series B funding from Singapore’s Garena

Vietnam-based food service firm Foody Corporation, a portfolio company of Japan’s Cyberagent Ventures, on Tuesday announced that it has secured series B investment from Singapore consumer Internet company Garena. The funding from this round will be used to accelerate growth in the number of users, content and to speed up the table… Read more »

Vietnam FDI review: Investment to foster economic growth

Foreign investors have pumped in about $6.3 billion in capital into Vietnam in the first half of this fiscal, up 9.6 per cent from a year ago, according to data compiled by the country’s Planning and Investment Ministry. The inward investment into projects in Vietnam makes it the second most… Read more »