Vietnam startup funding down 17% to $529 mln in 2023, 3rd in Southeast Asia
Vietnamese startups secured $529 million in total funding in 2023, a 17% decline from the previous year, according to the 2024 Vietnam innovation and tech investment report released Friday.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam secures $36 mln in fintech funding from Jan-Sep: UOB
Vietnam secured $36 million in nine finance technology (fintech) deals in the first nine months of this year, according to the Singapore-based United Overseas Bank's (UOB) FinTech in ASEAN 2023 report.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam EV pioneer VinFast gets $1.23 bln from parent company, chairman
Vietnam’s first electric vehicle (EV) maker VinFast said Thursday that it has received VND30 trillion ($1.23 billion) in Jan-Sept 2023 from parent company Vingroup and its chairman Pham Nhat Vuong.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Dutch bank FMO invests $4.5 mln in Vietnam clean energy firm
Dutch entrepreneurial development bank FMO has invested $4.49 million in Ho Chi Minh City-based rooftop solar power developer GreenYellow Smart Solutions Vietnam.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
K-sure’s $110 mln funding to boost Vietnam wind tower manufacturing
The Korea Trade Insurance Corporation (K-Sure), which promotes trade and overseas investment of South Korean companies, will provide financial support of $110 million to expand a wind tower plant near Ho Chi Minh City.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Germany’s DEG to provide $55 mln loan to back Vietnam lender OCB’s SME portfolio
DEG, the German government’s investment arm, has committed a $55 million loan for Vietnam’s Orient Commercial Joint Stock Bank, or OCB.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam edtech firm Vuihoc nets $6 mln in funding round
Vuihoc, an edtech platform serving K-12 Vietnamese students, has secured a $6 million investment in a Series A funding round led by Singaporean venture capital firm TNB Aura.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Fintech firm GIMO raises $17 mln for further expansion
Vietnam-based fintech startup GIMO announced on Monday the completion of a Series A funding round with total capital raise of up to $17.1 million.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam business opportunities aplenty in ascendant SEAsia: HSBC exec
Southeast Asia remains the world’s growth engine, and as an important economy in the region, Vietnam offers a lot of business opportunities in key areas, said HSBC Asia-Pacific’s Commercial Banking head for South and Southeast Asia, Amanda Murphy.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
French Development Agency mulls over more funding for Vietnam Electricity
The French Development Agency (AFD) is considering new soft loans for state utility Vietnam Electricity to support the country’s carbon neutrality goal by 2050, said AFD chairman Philippe Le Houerou.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam property developers face steeper path to growth: S&P Global
Property developers in Vietnam and Indonesia are going to face various hurdles in the next 12 months, including funding and regulatory issues, according to a new S&P Global Ratings report.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Realty developer Novaland revives work on 2 more key projects
Leading Vietnamese property developer Novaland is returning engineers to two major resort entertainment projects where work has been paused as it had run out of funds.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
VinFast, Mercedes-backed ProLogium eyes funds at $2 bln value
Global solid-state battery maker ProLogium, whose backers include giant Mercedes-Benz Group and Vietnamese electric vehicle (EV) producer VinFast, expects to raise fresh funding at a valuation of about $2 billion, Bloomberg said Wednesday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Startups in Vietnam offered abundant venture capital
Companies headquartered in different countries have successfully secured more investment funds from venture capital firms and other sources for business in Vietnam, a new global production base with a population of 100 million people.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Electric vehicle maker VinFast attracts $2.5 bln in new funding pledges led by Vingroup chair
Fresh funding pledges of up to $2.5 billion, led by $1 billion from Vingroup chairman Pham Nhat Vuong, have been announced for VinFast’s development to enable the Vietnamese electric vehicle maker to achieve its global growth goals.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s edtech MindX nabs $15 mln investment from Singapore’s Kaizenvest
MindX, a Vietnamese edtech startup focusing on technology training, has raised $15 million in a series B funding round led by Singapore-headquartered private equity fund Kaizenvest.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Consumer credit firm Kredivo raises $270 mln in Mizuho Bank-led round
Kredivo Holdings, a Southeast Asian major digital consumer credit platform with operations in Vietnam and Indonesia, has raised $270 million in a series D round led by Japan’s Mizuho Bank, which contributed $125 million.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Germany’s DEG to invest $18 mln in Turkish diaper plant in Vietnam
DEG, the German Development Finance Institution, has approved an investment of 17 million euros ($18.1 million) into Hayat Kimya Vietnam Company, an Asian Development Bank-backed maker of baby diapers, wet wipes, and women’s hygiene pads.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
German investment firm DEG revs up Vietnam business
DEG, the German government’s investment arm, has been ramping up its financing work in Vietnam.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Startups in Vietnam attract $494 mln in Jan-Sep venture capital: report
Startups in Vietnam attracted $494 million of venture capital in 94 deals in the first nine months of the year, down from $602 million in the same period of 2021, according to a report by BambuUP, a Vietnamese innovation connection platform.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Shopping platform Cooky secures $4.5 mln from Do Ventures, Nextrans
Cooky – Mealkit Delivery, a Vietnamese mobile app providing grocery shopping and cooking instructions, has raised $4.5 million from Korean investment company Nextrans and local venture capital firm Do Ventures.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
New $20 mln funding for Mekong subregion’s clean energy: US Vice President
U.S. Vice President Kamala Harris announced Sunday $20 million in new funding for clean energy projects in the Mekong subregion, including Vietnam.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam fintech growth an investment magnet: analysts
The Vietnamese fintech sector’s rapid growth, second only to Singapore in Southeast Asia, will be a big attraction for new investment inflows, analysts say.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
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