Binh Son Refinery

Vietnam raises $245m from refinery operator Binh Son’s IPO

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The proceeds exceeded the government’s plan to raise at least $155 million from the sale.

All consumer sectors should do well in Vietnam till 2020: Chris Freund, Mekong Capital

Chris Freund, Founder and Partner at Mekong Capital, says, “the companies that successfully implement omnichannel retailing will be most successful.”


China’s JD.com deepens SE Asia footprint, co-leads funding round in Vietnam’s Tiki

Upon completion of the deal, JD.com will become one of Tiki’s largest shareholders.


Vietjet co-founder, Shell among those vying for PVOIL strategic stake

PVOIL, a PetroVietnam subsidiary, plans to offer 20% of its shares in an IPO on January 25, and another 44.72% stake to strategic investors through a private placement.


Vietnam Dealbook: Dempsey Hill disposes of MWG shares, Vinasugar II to auction 93% stake

Dempsey Hill Asia Fund has transferred a million shares in Mobile World Investment JSC (MWG) to four foreign funds.


PetroVietnam targets raising over $570m from IPOs of three subsidiaries this month

Binh Son Refining and Petrochemical (BSR), Petro Vietnam Oil Corporation (PV Oil) and PetroVietnam Power Corporation (PV Power) will all conduct an IPO in January.


Standard Chartered exits Vietnam’s Asia Commercial Bank

ACB’s shares were trading at around VND40,000/share on Hanoi Exchange, valuing the sale at about $263.2m.


Vietnam: Mekong-backed restaurants chain Red Wok acquires peer Quan Ut Ut

Quan Ut Ut and BiaCraft restaurant chains have been present in Vietnam since 2014 with 4 branches in HCMC. 


Top events that marked Vietnam’s startup ecosystem in 2017

Vietnam is now actively blipping on the radar of venture capital investors who are scouting for deals in Southeast Asia.


Vietnam: Leflair raises $3m Series A led by Capital Management Group

The latest transaction brings its aggregate equity financing to nearly $5 million.