General Motors to transfer Vietnam operations to Vingroup’s car arm


This move pairs GM’s automotive expertise with VinFast’s local market insight.

PetroVietnam arm PV Power cancels plan to divest stake to strategic investors

The ownership of PVN in PV Power will, therefore, increase to 79.94 per cent.

Fenox VC makes Vietnam debut, invests in mobile top-up startup OnOnPay

OnOnPay’s existing investor, Captii Venture, also participated in this round.

Japanese Sojitz Corp acquires over 95% stake in Saigon Paper

This acquisition marks Sojitz’s entry into Vietnam’s household paper and containerboard manufacturing market.

Vietnam’s Sacombank sells entire 8% stake in seafood exporter Camimex

The bank is expected to have earned over VND5.3 billion ($233,200) from the stake sale.

Indonesia’s Go-Jek launches local brands for Vietnam, Thailand expansion

Go-Jek’s affiliate in Vietnam will go by the name of Go-Viet, while its Thai counterpart will be named GET.

Creador-backed Mobile World posts 43% revenue jump in first five months of 2018

Vietnam’s largest mobile device and consumer electronics retailer MWG posted net revenue of over VND37 trillion ($1.61 billion) and after-tax profit of VND1.28 trillion ($55.8 million) for the first five months.

Vietnam rejects Grab’s expansion plan; company says move won’t affect GrabTaxi

Grab Vietnam counters saying it intends to expand GrabTaxi, which is registered with the Ministry of Industry and Commerce and licenced to operate nationwide.

Vietnam approves IPO plan for shipping major Vinalines

Following the sale, the government will retain a 65 per cent stake in the firm. At the price of $0.4 apiece, the state is expected to earn $176.2 million from the sale.

Vietcombank taps Credit Suisse to scout for insurance distribution partner

A deal could be worth as much as $1 billion over the life of the contract, depending on how it is structured