By Quynh Nguyen
The proposed divestment is in line with Keppel Land’s strategy to recycle assets to seek higher returns.
The investment will be made through a Vietnamese dong-denominated convertible corporate bond worth $8 million, internally generated cash and equity/ bank borrowings.
FPT Corporation will support Allianz in developing digital insurance products and services for the Vietnamese market.
IFC said its proposed investment is aimed at helping Pacific Holdings expand its dental care business as well as set up a new polyclinic chain.
According to the latest funding data by local accelerator Topica Founder Institute, investors injected $117 million in the country’s fintech startups last year.
Existing South Korean investor Bon Angels also participated in the funding round.
MVL launches ride-hailing application TADA in Vietnam, offering drivers zero commission rates.
Hong Kong-based Zeroth.ai and Rhombuz Ventures also joined the round.
SEAF Women’s Opportunity Fund, a growth fund by US-based Small Enterprise Assistance Funds, has invested in Vietnamese retailer of organic food Organica.
The fintech company was earlier backed by Goldman Sachs and Standard Chartered Private Equity in its Series A and B rounds.