By Nguyen Thi Bich Ngoc
Kiwoom Asset Management will develop and launch new products to invest in Vietnam-based assets, including a multi-asset fund, an index fund, a real estate fund and a fixed-income/corporate bonds fund.
The Vietnamese lender was earlier reported to be offloading a 10 per cent stake to foreign investors.
Proceeds from the private placement will be used to expand VNG’s presence in local and overseas markets as well as for future investments.
KAMEREO operates as a one-stop platform where restaurants and suppliers can connect to each other.
Myanmar, where Viettel and its local partners launched a $1.5-billion 4G network last year, has emerged as one of the most promising markets for the company.
Tima is seeking to raise $8 million in its Series C funding round, expected to be closed by Q2 this year.
Value creation, and not financial engineering, will deliver results for private equity in the Vietnamese market, according to Chris Freund, founder and partner at Mekong Capital.
The number of eight-digit (USD) funding rounds continued to maintain their momentum even as first time regional fund managers opened their investment account in Vietnam.
Vinhomes raised $1.35 billion in the country’s largest IPO that saw Singapore sovereign fund GIC become a shareholder.
CyberAgent Ventures, which is helping the startup with an internal structuring exercise, first invested in the firm in 2018.