500 Startups Vietnam

500 Startups raising $5m more for Vietnam-focused fund


500 Startups Vietnam LP, launched in April 2017, is raising $5 million on top of the $10.02 million commitment it secured from 19 investors.

Ride-hailing giant Grab in strategic pact with Vietnamese payments startup Moca

Grab and Moca will collaborate to offer consumers and SMEs in Vietnam mobile payment facilities from the beginning of Q4.

IFC likely to extend $100m debt to Vietnam’s Orient Commercial Bank

IFC package is expected to provide the bank with long term funding to expand its lending portfolio to retail and SMEs.

Vietnam’s VI Group plans IPO of some consumer services businesses

In the next 18 months, the fund will focus on developing companies in its portfolio for potential listing.

Vietnam raises only $2.3m from Vinalines’ IPO, falls way short of tall target

Despite being a major player in shipping, seaport and maritime services, Vinalines’ business activities have continuously recorded losses since 2008.

Exclusive: Grab acquires stake in Vietnamese mobile payment firm Moca

Founded in 2013, Moca provides a free payment application on iOS and Android platforms for Vietnamese consumers.

Ride-hailing major Grab to launch food delivery service in Hanoi

Grab targets to launch its electronic wallet GrabPay in Vietnam by this month and t is in the process of being licensed by the authorities

VinaCapital to invest $25m in hospital operator Tam Tri Medical

The private equity transaction gives VOF a significant minority stake in the company. Tam Tri Medical is expected to use the capital to expand current facilities and acquire new facilities.

VinaCapital launches $100m tech-focused venture capital fund

The fund is looking at ticket sizes of about $2 million to $10 million per investment with an unlimited holding time.

Vietnam Digest: JPMorgan lends $50m to LienVietPostBank; SK’s Hyosung to invest $1.2b

LienVietPostBank has the largest network among joint-stock commercial banks, with 200 branches and 1,000 transaction offices