southeast asia insurtech axinan closes series a round rebrands to igloo

Southeast Asia Insurtech Axinan closes Series A+ Round, rebrands to Igloo

Singapore-headquartered insurtech startup Igloo (previously known as Axinan), announced on April 28 that it has successfully closed its Series A+ funding round, bringing its total funding to $16 million.
vietnams top e commerce enabler raised over 8 million in series a funding

Vietnam’s top e-commerce enabler raised over $8 million in Series A Funding

Vietnam-based e-commerce enabler OnPoint closed its Series A funding round with over $8 million to accelerate its revenue growth and develop an innovative e-commerce solution for its roster of blue-chip clients.
two key southern waterways logistics corridors proposed with world bank funding

Two key southern waterways logistics corridors proposed with World Bank funding

Awaiting the prime minister's approval, the project on developing two key waterway logistics corridors with World Bank funding would give a facelift to shipping infrastructure in the Mekong Delta and Ho Chi Minh City.    
cash strapped local businesses hunting for foreign ma deals

Cash-strapped local businesses hunting for foreign M&A deals

The coronavirus crisis is expected to create mergers and acquisitions opportunities for foreign dealmakers in the coming months as cash-starved Vietnamese companies seek funding to overcome their difficulties.
clear we have entered recession imf chief

'Clear we have entered recession': IMF chief

The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said on Friday (Mar 27).
bidv uncertain prospect despite historic deal with keb hana bank

BIDV uncertain prospect despite historic deal with KEB Hana Bank

BIDV’s overvalued stocks will likely do more harm than good for the lender’s plans to lure funding in the face of pessimistic economic growth, despite last year’s historic deal with South Korea’s KEB Hana Bank.
world bank group increases covid 19 response funding to 14 billion

World Bank Group increases COVID-19 response funding to $14 billion

The World Bank and IFC’s Board of Directors today approved a $14 billion package of additional fast-track financing to assist companies and countries in their efforts to prevent, detect, and respond to the rapid spread of COVID-19.
exxonmobil continues supporting childrens healthcare in central vietnam

ExxonMobil continues supporting children’s healthcare in Central Vietnam

Thanks to long-term support from ExxonMobil, including $80,000 funding in 2019 alone, millions of children in central Vietnam have been accessing improved healthcare.
hanoi spends extra 152 million on covid 19 screening

Hanoi spends extra $152 million on COVID-19 screening

Hanoi People's Committee has just approved additional funding of more than VND3.5 billion ($152.17 million) from the city budget for COVID-19 screening for persons in concentrated isolation before transferring them into local isolation.
mastercard accelerates financial inclusion with investment in digiasia

Mastercard accelerates financial inclusion with investment in Digiasia

Mastercard became the leading investor in the Series B funding round of Indonesian fintech holding company Digiasia, providing both capital and strategic assistance as Digiasia looks to strengthen its suite of financial services that expand the ways individuals and MSMEs can take part in Southeast Asia’s growing digital economy.
game changer for the energy arena

Game changer for the energy arena

Vietnam has recently created several favourable policies, including the Politburo’s Resolution No.55-NQ/TW on the orientation of Vietnam’s national energy development strategy to 2030 with a vision towards 2045, to boost renewable energy development, with a new programme of corporate power purchase agreements being formulated to attract funding into the sector. Vaibhav Saxena, lawyer at Vietnam International Law Firm, ventures into the policy outlook on renewable energy in this country, which may prove extremely beneficial for financiers who expect to grow their energy investments.
imf world bank funds ready to fight coronavirus outbreak

IMF, World Bank funds ready to fight coronavirus outbreak

The International Monetary Fund and World Bank are ready to provide countries in need with immediate emergency funding to fight the coronavirus outbreak, a spokesman said on Thursday (Feb 27).
legal challenges for a flourishing healthcare sector

Legal challenges for a flourishing healthcare sector

Recently, both domestic and overseas investors have displayed significant interest in Vietnam’s healthcare sector. However, attracting funding in healthcare still poses many legal obstacles for investors, making it difficult to further boost development. Managing director of ASL Law Firm Pham Duy Khuong writes about the barriers to attracting such investment in the health arena.
fresh policies to foster private health funding

Fresh policies to foster private health funding

Domestic and international private investors are expected to get the thumps-up to venture further into health initiatives in Vietnam on the back of new favourable rules that are expected to change the investment picture in the fairly-untapped but lucrative sector.  
funding attraction events look to get back on track

Funding attraction events look to get back on track

Due to the impact of the novel coronavirus epidemic, investment  promotion activities of localities and enterprises have been delayed, possibly impacting Vietnam’s efforts to attract foreign funding.