By Mai Nguyen
Experts say, the provisions will result in severe limitations on Vietnam’s digital economy, dampening the foreign investment climate.
Vingroup has set up VinSmart Co with charter capital of $131.54 million to make smartphones and electronics devices.
FastGo, Aber, Vato and Singapore’s MVLchain are some of the new players looking to foray into the market, which is set to see a face-off between Grab and Go-Jek.
The invested firm injected the capital into Vinhomes last month, when the developer made a stellar listing debut.
SBI Ven Holdings’ stake in TPBank will increase from 4.61 per cent to 5.3 per cent following the transaction.
This is the second fundraising of JupViec.vn since it snapped up a six-digit seed funding from Japan’s CyberAgent Ventures.
Tiki has hit the fundraising trail barely six months after securing a $44-million Series C investment co-led by China’s second-largest e-commerce firm JD.com.
Dragon Capital purchased one million shares of Viet Capital Securities (VCSC), raising its ownership to 9.06% of the latter’s chartered capital, according to a stock exchange disclosure.
This coincides with Singapore GIC’s decision to fully exit its four-year-old investment in the firm.
The partnership will invest in early-stage companies that benefit the most marginalized communities in Vietnam, Indonesia, and Bangladesh.