By John Boudreau
The cyber law, that goes into effect on Jan. 1, requires them to open local offices and store data of Vietnamese users in the country.
THACO has also committed to invest a sum of $515 million to restructure the two businesses by 2020.
This is the third time the court case has been adjourned on account of lack of evidence.
At the current market price, the planned BIDV shares issued to KEB Hana Bank are worth $735 million.
Cooky, founded in 2015, received a seed financing from Vietnamese home-grown VC firm ESP Capital in 2017.
The share sale will be carried out in a public auction on November 22, with the starting price of VND 21,300 apiece.
The procuracy has also suggested that Grab pay local firm Vinasun a compensation of VND41 billion ($1.8 million) to cover the latter’s business losses.
The Vietnamese private equity firm has ventured into franchising before, bringing in F&B brands such as The Pizza Company, Swensen’s, Dairy Queen, Buffalo Wild Wings, AKA House, Holy Crab and TocoToco
IDS Equity Holdings, majority owned by Leadvisors Capital Management, specialises in restructuring and investments in family businesses as well as state-owned enterprises in Vietnam.
RHB has received the approval of the State Securities Commission of Vietnam to buy a 51% stake in the Vietnamese firm for VND121.63 million ($5.37 million) in cash.