A recent report by the US News and World Report ranked Vietnam eighth out of the 29 economies, up from 23 last year. Meanwhile, some neighbouring nations – Malaysia, Singapore and Indonesia – stood in the 13th, 14th and 18th positions, respectively. … [Read more...] about Vietnam among top destinations for investment
Emerge invest
VinaCapital launches venture investment fund
HCM City (VNA) - VinaCapital - the leading investment management group in Vietnam - on August 30 announced the establishment of VinaCapital venture capital fund at a scale of 10 million USD, aiming to continue its investment strategies in technology startups. The firm also publicised the fund’s first investment activities in Logivan and FastGo - the two prominent startups in technology solutions in the field of transport in Vietnam. Tran Nhat Khanh, Technology Investment Director of VinaCapital, said that the launch of the fund aims to enhance cooperation with engineers, scientists and innovators who use technologies to create solutions to difficulties in different areas, thus encouraging customers to apply new technologies to improving the economic efficiency for each individual and the whole society. The value of each investment can be up to 10 million USD with unlimited time for share holding. VinaCapital Ventures also gives enterprises that the fund invests in the … [Read more...] about VinaCapital launches venture investment fund
Alibaba to invest S$2.6b more in Lazada, replaces CEO
Lazada was launched in 2012 and has a presence in Singapore, Indonesia, Malaysia, the Philippines, Thailand and Vietnam. Last September, it announced it will sell select items from Alibaba's Taobao marketplace in three more Southeast Asia markets - Indonesia, Thailand and the Philippines - in addition to Singapore and Malaysia. … [Read more...] about Alibaba to invest S$2.6b more in Lazada, replaces CEO
Phu Quoc Island invests in six power works
Chairman of the provincial People’s Committee Pham Vu Hong has instructed Phu Quoc authorities and the SPC to step up communications to help local residents understand benefits of the power works and devise suitable compensation and land clearance plans. … [Read more...] about Phu Quoc Island invests in six power works
Grab Vietnam clinches new director
With Grab’s recently announced $500 million more investment into Vietnam over the next five years, Van will tap and invest in new opportunities emerging from fintech, mobility, and logistics, in order to bring greater value and innovation for Grab’s customers and partners. … [Read more...] about Grab Vietnam clinches new director
