VinaCapital Ventures bets on logistics, fintech and digital media

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The newly-launched $100-million tech-focused fund will invest in Vietnamese companies with proven revenue streams, especially those with concepts that can be scaled up to a regional or global level.

500 Startups exceeds targets to close Vietnam fund at $14m

The fund, led by Eddie Thai and Binh Tran, was launched in 2016 and has since then invested in 36 Vietnam-connected tech startups.


Vietnam’s new cyber laws may slow down digital economy growth

The proposed cyber security law, if approved next year without amendments, will require internet companies like Google and Facebook to open offices and store users’ data in the country.


VinaLand offloads stake in last two realty projects, to liquidate in 2019

AIM-listed VinaLand, a real estate investment vehicle managed by Vietnam-based VinaCapital, plans to delist this year and liquidate in 2019.


KK Fund makes Vietnam debut, backs HR-tech startup JobHop

JobHop has raised $710,000 in a round co-led by Singapore-based KK Fund and Japan’s Mynavi Corporation.


Vietnamese brewer Sabeco removes limit on foreign ownership

As part of a push to privatise state companies to offset mounting public debt, the government had earlier sold a 53.6 per cent stake in Sabeco to ThaiBev for $4.8 billion.


S Korea’s CJ drops plan to list Vietnamese cinema operator

Korean conglomerate CJ Group has dropped its plan to list the CJ CGV Vietnam Holdings subsidiary on Korea’s main Kospi market, citing difficulty in valuing the transaction.


Vietnam: Mirae-Naver buy logistics centres; Hikma acquires Medlac

South Korea’s Mirae Financial Group and Naver Corp, through their Mirae Asset-Naver Asia Growth Fund, have acquired two logistics centres in Vietnam for about $47 million.


InfraCo Asia divests 36.4% stake in Vietnamese hydel project to TEPCO

VietHydro is the majority shareholder of Lao Cai Renewable Energy, which owns and operates the $44.5 million Coc San Hydro Power project.


Asian firms own stakes in half of Vietnam’s licensed payment services

The fragmented market has more than 40 payment companies but there is still no clear winner in sight.