Uber Vietnam confirms CEO exit, says committed to the country


Uber entered this Southeast Asian country in 2014 along the same time as Grab and EasyTaxi.

Vietnam: Lotte to buy out TechcomFinance; Pilmico’s Eurofeed deal at $3.2m

Vietnam will potentially see another acquisition by a South Korean conglomerate, as Lotte Group’s credit card arm is in the process of buying the entire shares in TechcomFinance. Meanwhile, Philippine Aboitiz Group’s food unit Pilmico, after announcing its acquisition of Eurofeed more than two months ago, has said the deal… Read more »

Vietnam: Mekong Capital nets proceeds of $79m from exits in 2017

Its latest exit was from investments in agricultural company Loc Troi Group.

Warburg Pincus, Credit Suisse together hold more than 20% of Vincom Retail

Vincom Retail’s planned IPO could fetch as much as $600 million.

Vietnam: S Korea’s CJ eyes Gemadept; KB Securities takes 99.4% in Maritime Securities

Vietnam is expected to see more acquisitions by South Korean companies. CJ Logistics has said it is still interested in purchasing a stake in Vietnam’s leading logistics company, Gemadept, while KB Securities has reportedly signed a contract to take control of Maritime Securities. CJ keen on acquiring logistics company Gemadept… Read more »

Vietnam: PV Oil valuation could touch $520m upon Q1 2018 listing

The IPO is slated for completion by the end of this year.

Vietnam: Finance ministry unit to take over divestment of beer firms in case of delay by trade ministry

Divestment in Habeco and Sabeco needs to be completed by November for proceeds to be transferred to Vietnam’s enterprise development fund by December 1.

Exclusive: Sea Ltd is said to acquire 82% of Vietnam’s Foody for $64m

In its NYSE listing prospectus, Sea had disclosed buying a controlling interest in an unnamed Vietnamese startup.

Vietnam: Fund launched to help commercialise ideas by scientists

This partnership will leverage the synergy among researchers and investors.

DSA Summit: Singapore VC Monk’s Hill targets Series A investments in Vietnam

Kuo-Yi Lim, managing partner at Monk’s Hill Ventures, said the firm was not looking at very early-stage investments in Vietnam.