By Nguyen Thi Bich Ngoc
This is the fourth investment by the $20m Vietnam-focused ESP Capital.
VIB will acquire all the assets and liabilities of the foreign bank’s branch.
Loc Troi’s other PE backers include PENM Partners, VinaCapital & SCPE.
VNG is backed by Tencent, Goldman Sachs and GIC.
Following a strong investment activity in the Vietnamese insurance sector recently, South Korea’s Mirae Asset Life Insurance Co will be acquiring a 50 per cent stake in Prevoir Vietnam from French company Groupe Prevoir. In another development, the Vietnam Silicon Valley project will hike its funding for this year’s portfolio… Read more »
ESP Capital has already invested in three early-stage startups in Vietnam.
Turner Asia Pacific, the Asian branch of broadcasting group Time Warner, has acquired a significant minority stake in Vietnamese digital media and creator network POPS Worldwide. Financial details were not disclosed. In an interaction with DEALSTREETASIA in May this year, POPS founder and CEO Esther Nguyen had revealed that the… Read more »
Great potential for tourism tech in Cambodia, Laos, Myanmar & Vietnam: Mekong Business Initiative chief
Mekong Business Initiative supports regional startups with the Mekong Innovative Startup Tourism Accelerator (MIST).
Deal marks first funding by a PE firm in Vietnam’s co-working space sector.
SSIAM also plans to launch a fixed income fund in July.