vng group pumps 225 million into fintech platform

VNG Group pumps $22.5 million into fintech platform

Digital financing platform Funding Societies has confirmed its fresh fundraising round worth $144 million in an oversubscribed Series C+ led by SoftBank Vision Fund 2 and several other venture capital firms.
ifc supports development of vinh phuc icd logistics centre

IFC supports development of Vinh Phuc ICD Logistics Centre

Vietnam’s T&T Group and Singapore’s YCH Group have inked a deal with the International Finance Corporation (IFC) on project development to attract capital funding for their inland container depot (ICD) logistics centre in northern Vinh Phuc province.
prolific advances in industrial zones

Prolific advances in industrial zones

Funding into industrial zones is expected to be fruitful for the majority of the year, when the demand for land lease recovers and a range of contracts are completed.
social commerce platform selly raised 26 million in pre series a

Social commerce platform Selly raised $2.6 million in Pre-Series A

Selly – a Vietnam-based social commerce platform – has raised $2.6 million in a Pre-Series A funding round from CyberAgent Capital, Do Ventures, Genesia Ventures, JAFCO Asia, and Kvision. Less than a year after launch, Selly has created employment opportunities for hundreds of thousands of women and people who lost their jobs or income due to COVID-19.
stimulus plan brings property positivity

Stimulus plan brings property positivity

While 2021 was a year of unsustainable growth in the real estate market, this year economic stimulus packages, foreign investment flow, and domestic funding transformation could make the sector more active.
govt approves 2021 2025 national target programme on sustainable poverty reduction

Gov’t approves 2021-2025 national target programme on sustainable poverty reduction

Permanent Deputy Prime Minister Pham Binh Minh has recently signed a decision approving the national target programme on sustainable poverty reduction for the 2021-2025 period with total funding of at least 75 trillion VND (3.3 billion USD).
aia vietnam ceo joins tikis board of directors

AIA Vietnam CEO joins Tiki’s Board of Directors

Tiki Global Pte. Ltd. has just appointed Wayne Besant – CEO of AIA Vietnam Life Insurance Co., Ltd. – to its Board of Directors, after the fifth successful funding round (Series E) led by shareholder AIA Co., Ltd.
more unicorns emerge as mega deals pave way for startups

More unicorns emerge as mega deals pave way for startups

Total funding into Vietnamese startups over the past year is likely to have reached a new high with more startups crossing over into a unicorn status.
finance groups seek funding alternatives

Finance groups seek funding alternatives

Besides massive foreign investment in several notable finance-related corporations across Vietnam, public fundraising through major stock exchanges is also a viable alternative for consumer finance companies.
touchstone partners leads 11 million seed funding in social commerce startup on

Touchstone Partners leads $1.1 million seed funding in social commerce startup ON

ON, one of Vietnam’s fastest-growing social commerce platforms, today announced that it has successfully raised $1.1 million in seed funding from a group of investors led by Touchstone Partners and the participation of ThinkZone Ventures.
vinfast led a 80 million funding round in israel based fast charge ev battery startup storedot

VinFast led a $80 million funding round in Israel-based fast charge EV battery startup StoreDot

A coalition of international investors, including VinFast of Vingroup, has funded $80 million in StoreDot, an innovative firm that builds fast-charging electric car batteries.
timo secures 20 million funding led by square peg

Timo secures $20-million funding led by Square Peg

Timo, Vietnam’s very first digital banking platform, on January 5 announced that it had secured $20-million funding led by Square Peg, a leading global VC firm whose investments include unicorns such as Canva, FinAccel, and Airwallex.
upgrading cat bi international airport in haiphong with 130 million funding

Upgrading Cat Bi International Airport in Haiphong with $130 million funding

The projects on building the T2 passenger terminal with a total investment of VND2.05 trillion ($89.13 million), along with building associated cargo terminal and expanding aircraft parking space in the first phase with VND490 billion ($21.3 million) funding in Haiphong are slated to be launched in the first quarter of 2022.
nghe an province kicks off high school building with funding from trung nam group

Nghe An province kicks off high school building with funding from Trung Nam Group

Ky Son district People's Committee, in cooperation with Trung Nam Construction Investment JSC (Trungnam Group), kicked off the construction of Ky Son High School on November 20, coinciding with the 39th anniversary of Vietnamese Teachers' Day.
aws cloud a key for early stage startups to rise high

AWS cloud – A key for early stage startups to rise high

Significant increase in early stage startup funding opportunities and accessibility to technology has helped startups in Vietnam develop strongly in recent times, with promising opportunities for future development ahead on the back of Amazon Web Services (AWS).