Mobile World

How a street vendor’s son became one of Vietnam’s biggest tycoons


Nguyen Duc Tai is the man behind Mobile World Investment Corp., the country’s top seller of mobile phones and one of the biggest listed stocks. The company now has a market value of $1.7 billion.

Vietnam lawmakers approve cyber law clamping down on tech firms, dissent

Experts say, the provisions will result in severe limitations on Vietnam’s digital economy, dampening the foreign investment climate.

Vietnam: Vingroup enters smartphone manufacturing; HDBank eyes $200m profit

Vingroup has set up VinSmart Co with charter capital of $131.54 million to make smartphones and electronics devices.

Uber’s exit prompts flurry of new entrants in Vietnam’s ride-hailing market

FastGo, Aber, Vato and Singapore’s MVLchain are some of the new players looking to foray into the market, which is set to see a face-off between Grab and Go-Jek.

Dragon Capital invests $83m in Vietnam’s housing developer Vinhomes

The invested firm injected the capital into Vinhomes last month, when the developer made a stellar listing debut.

Singapore’s SBI Ven Holdings to increase stake in Vietnamese lender TPBank

SBI Ven Holdings’ stake in TPBank will increase from 4.61 per cent to 5.3 per cent, following the transaction.

Vietnam’s ‘Uber for maids’ snags funding from Patamar Capital

This is the second fundraising of since it snapped up a six-digit seed funding from Japan’s CyberAgent Ventures.

Exclusive: Vietnamese e-commerce major Tiki to raise Series D, existing backer may join

Tiki has hit the fundraising trail barely six months after securing a $44-million Series C investment co-led by China’s second-largest e-commerce firm

Dragon Capital spends $3.7m to up stake in securities firm, pares MBBank holding

Dragon Capital purchased one million shares of Viet Capital Securities (VCSC), raising its ownership to 9.06% of the latter’s chartered capital, according to a stock exchange disclosure. 

HSC Securities purchases 10.6% stake in Vietnamese taxi firm Vinasun

This coincides with Singapore GIC’s decision to fully exit its four-year-old investment in the firm.