V-GREEN and Prime Group have signed a memorandum of understanding to develop a network of charging stations for VinFast electric vehicles across Indonesia.
Fintech startup Fundiin would use the money recently raised from the series A funding round co-led by Trihill Capital and ThinkZone Ventures to expand at a faster pace, invest in the development of new products, as well as attract top talents before expanding to Indonesia in the upcoming series B round.
The country has beaten Indonesia to now rank 3rd in the world for having the most positive consumers in the first quarter of 2019.
Vietnam’s LCY bond market is smallest in size compared to other emerging East Asia markets such as Indonesia ($217 billion), Singapore ($310 billion), Malaysia ($353 billion) and Thailand ($399 billion).
As the stock markets of Thailand, Malaysia, Philippines or Indonesia recorded net-selling activities from foreign investors, Vietnam’s market has still shown positive signs.
Automobiles imported to Vietnam last week were mostly manufactured in Thailand with 2,307 units and Indonesia with 735 units.
Automobiles registered for customs clearance last week were mainly from Thailand and Indonesia, accounting for 85 per cent of the total imported cars into Vietnam last week.
There were up to 1,995 cars with nine or fewer seats imported to Vietnam last week, mostly from Indonesia and Thailand.
IFC, a member of the World Bank Group, and the two funds managed by IFC Asset Management Company are investing up to $65 million in Altus Special Situations Asia 1 LP to support distressed companies in East Asia, especially Vietnam and Indonesia.
Last week, 1.440 units of duty-free cars were imported to Vietnam from Indonesia, accounting for nearly half of the total of nine seater or fewer cars.
The number of tax free cars with nine or fewer seats imported last week mostly originated from Thailand and Indonesia with 712 and 397 units, respectively.
Last week witnessed 894 cars of nine seaters or fewer imported to Vietnam from Thailand and 105 units from Indonesia.
According to Hiroyuki Ono from ACA Investments, a Japanese fund manager under the Sumitomo Group, Vietnam market is more attractive to Japanese enterprises than Thailand and Indonesia.
Vietnam is expected to rank first in the top ten APEC destinations to receive a net increase in cross-border investment over the next 12 months, slightly ahead of China, Indonesia and the United States.
