By Nguyen Thi Bich Ngoc
Nextrans also seeks to build a platform in Vietnam to make seed investments in about 100 companies over the next three years.
The twelve commercial banks joining force in the initiative are from South Korea, China and Taipei.
The Vsmart-branded phones will be introduced six months after the business giant announced the establishment of its VinSmart subsidiary.
The news comes as a controversial cybersecurity law is set to take effect next month, requiring global technology firms to open local offices and store data in the country.
The properties spread across Vietnam include Indochina Plaza in Hanoi and Hyatt Regency Danang.
Shares of Vietnam Airlines are currently traded on UPCoM at around VND34,000 ($1.47) apiece, valuing the company at more than $2 billion.
The round was joined by 500 Startups and Vietnam Innovative Startup Accelerator (VIISA), the two lead investors in the Vietnamese firm’s unspecified seed round raised in August this year.
Bao Minh, which is 50.7% owned by the government, is Vietnam’s third-largest non-life insurance company with an 8.2% market share.
It is to reaffirm its intention to set up a low-cost carrier in Vietnam.
Pacific Holdings operates over 30 dental, polyclinics and chiropractic clinics.