Singapore cos invest $211.42m in Vietnam by April-end 2015


Singapore retains its status as Vietnam’s third largest investor as of the end of April, by investing  $211.42 million into the country in the first four months this year. Data from the Vietnam Ministry of Planning and Investment’s Foreign Investment Agency (FIA) revealed 37 brand new direct investment projects from Singapore… Read more »

Vietnam’s PAN Food ups stake in Bibica to 42.25%

PAN Food, a subsidiary of agriculture-focused firm Pan Pacific, has upped its stake in confectionery company Bibica from 21.13 per cent to 42.25 per cent. Last month, PAN Food had made a purchase offer for 4.6 million Bibica shares at a unit price of VND56,800 ($2.6) each.Based on the offered… Read more »

Vietnam’s mWork, Japan’s Interspace forms affiliate marketing alliance, eyes PH

Vietnamese startup mWork and Japan’s online marketing company Interspace Co Ltd launched their alliance – Interspace Vietnam Co Ltd, and affiliate marketing platform AccessTrade, on Thursday. mWork holds 51 per cent in the joint venture, while the overseas partner owns the rest. “mWork has a strong marketing base and team that can… Read more » CEO to steer Vingroup’s e-commerce venture VinEcom

The 28 year old Le Hoang Uyen Vy, who is the CEO of fashion retail website,  has been appointed the acting chief executive of VinEcom, an e-commerce spin off of Vietnam’s leading property firm Vingroup. DEALSTREETASIA has learnt that there is possibility of to be merged into VinEcom, The young entrepreneur… Read more »

Vietnam’s video messaging app Umbala wins $4,600, plans global expansion

Video sharing platform Umbala, featured as one of the best new apps across Germany, Switzerland and Australia markets by Apple Store’s editor choice, won the VND100 million ($4,600) first prize of the Forbes Vietnam Startup Contest on Tuesday. The three promising startups included housing rental platform, juice delivering service… Read more »

Exclusive: Vietnam needs more serial entrepreneurs: Mekong Capital’s Chris Freund

Mekong Capital, the Vietnam-focused private equity fund that invests in consumer driven business –  including Mobile World, Golden Gate, Phu Nhuan Jewelry and pharma firm Traphaco – holds the distinction of being among the earliest investors in country’s startup scene. As early as 2007, much before the incubators and the accelerators appeared,… Read more »

Hanoi’s Techfest 2015 to promote Vietnam’s startup ecosystem

Hanoi, the capital city of Vietnam, which has seen an increasing number of startups fuelled by young entrepreneurs, will be hosting a showcase for the next-generation innovators – the Techfest – from May 15 to May 17. The “tech festival”, organised by the National Agency Technology Entrepreneurship and Commercialization Development (NATEC) under… Read more »

Vietnam based Vinalines plans to retain majority stake in Hai Phong Port

The Vietnam National Shipping Lines (Vinalines) is not planning to give up its control in the Hai Phong Port, even as external investors are bidding for a controlling percentage in the northern Vietnam’s largest seaport. Particularly, the shipping company has proposed to retain at least 51 per cent in major ports of Hai Phong, Da… Read more »

Vietnam, Korea sign VKFTA, plan to triple trade turnover

The Vietnam – Korea Free Trade Agreement (VKFTA) was signed on May 5, after two years of negotiation. It has widened the door for both countries to become each other’s major trade partner. VKFTA is the first completed bilateral free trade agreement between Vietnam and its trade partners, that was… Read more »

VN Dealbook: Bac Lieu seek investment for projects, securities cos to merge, Thong Nhat raises capital for M&A

Private businesses in Vietnam has been witnessing heightened activity in the merger and acquisition (M&A) space. Hai Phong Securities JSC has planned a merger with A Au Securities Company, a move to avoid the stock market restructuring scheme, which might see a large number of securities firms cease operation. Meanwhile,… Read more »