Vietnam: CJ buys 65% in Minh Dat Food; Success Dragon drops another deal


In a couple of cross-border deals and investment news, South Korea conglomerate CJ Corp has acquired 65 per cent in Minh Dat Food while Hong Kong-based gaming services provider Success Dragon has dropped its plans to operate in Vietnam. CJ takes majority stake at Minh Dat Foods CJ Corp is acquiring… Read more »

Vietnam-Finnish IPP accelerator aims to build sustainability as part of exit plan

As IPP nears an end, it aims to transfer Finnish innovation to local partners

KKR pumps in $250m into Vietnamese food producer Masan Group

This marks the 2nd time that KKR is involved in a partnership with Masan Group.

Air Asia to invest in $43.8m JV for low-cost airline in Vietnam

Gumin Co Ltd will hold 69.9% stake in the JV.

Sun Life Financial acquires 25% of Vietnam-based digital bank Timo

Canada’s Sun Life Financial has acquired  25 per cent equity of Crescent Asia Limited, the holding company of Global Online Financial Solutions (GOFS), which operates Vietnam’s first digital bank Timo, and forged a three-year partnership in insurtech with GOFS. The partnership will be implemented directly through the insurer’s Vietnam-based unit. Timo… Read more »

VIGroup drops plan to invest in Vietnam’s online realty platform

DSA had earlier reported that VIGroup had led a $2m series A round in it

Petrolimex’ listing set for April 21, JX Nippon to get more shares

Listing is taking place six years after its IPO.

Vietnam: Vinamilk buys Angkormilk; Savills-Alternaty merge; DKSH acquires IMA

Cross-border M&A activity has seen a surge in Vietnam with three transactions announced in the past week, including Vinamilk’s takeover of Cambodia-based joint venture Angkormilk, Savills’ merger with hotel advisory firm Alternaty, and DKSH’s acquisition of Vietnamese marketing firm IMA. Vinamilk acquires remaining stake at Angkormilk for more than $10m… Read more »

TPG to take majority stake in Vietnam Australia School; Mekong Capital, MAJ exit

Global alternative investment firm TPG has reached an agreement to acquire majority stake in Vietnam Australia International School (VAS), as its existing shareholders – Mekong Capital and MAJ Invest – plan to fully divest their stakes in the company. Meanwhile, Pham Tan Nghia, founder of VAS, will continue as a shareholder after… Read more »

CapitaLand to ramp up presence in Vietnam, acquire more sites

It will set up Raffles City in Vietnam.