The investment represents Sendo’s largest funding round to date
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Doubts over valuation of the Vietnamese online travel app Vntrip.vn raise after it has announced to successfully raise funding from Switzerland-based IHAG Holding in a round that sees its valuation rise to $45 million.
Vietnam's well-known hotel booking site Vntrip.vn has successfully raised funding from Switzerland-based IHAG Holding in a round that sees its valuation rise to $45 million.
Sendo Technology JSC, the operator of online trading platform Sendo, announced that it has secured an investment of $51 million from existing partners and especially new investors namely SoftBank Ventures Korea, Daiwa PI Partners, and SKS Ventures.
Accumulated losses from leading e-commerce websites such as Lazada, Tiki, Shopee or Sendo are on the sharp rise, mainly due to the high sales expenses and in some cases, high management expenses.
Emperor VN Co., Ltd, the investor of Empire City project has officially chosen Hoa Binh Group as the general contractor with the total package amount of over $132 million.
Although the investment value has not been disclosed yet, the Mekong Enterprise Fund III, a subsidiary of Mekong Capital, typically targets investments ranging from $8 to $15 million to make both minority and buy-out investments.
After ACA Investments, Japan-based Scroll Corporation has become the second largest stakeholder of Cat Dong, which owns e-commerce sites Cungmua.com, Shipto.vn and Nhommua.com with 26.9 per cent stake.
The Minister of Health Nguyen Thi Kim Tien has just corrected the malicious rumours surrounding her involvement after VN Pharma’s notorious incident of counterfeit cancer-treating medicines had been exposed.
Based on the evidence, Nguyen Minh Hung (former General Director of VN Pharma), Vo Manh Cuong (former General Director of International Trading - Shipping Co., Ltd. and his accomplices were concluded to have committed "smuggling" and "forgery of company documents and seals”.
Stronger export growth and a continued rise in investment suggest Viet Nam’s GDP growth will go back above 6.5 per cent in 2017, after a slowdown to 6.2 per cent in 2016.
Viet Nam has stressed the need for ASEAN and China to implement the Code for Unplanned Encounters at Sea (CEUS) and operate a diplomatic hotline to settle problems at sea in an effective manner to avoid disputes from flaring up.
Viet Nam and the Czech Republic should maintain delegation exchanges at all levels and increase co-operation between their ministries, sectors, localities and businesses to carry out the signed agreements, said Party General Secretary Nguyen Phu Trong.
Shares are likely to rise slightly this week on the forecast that investor confidence will pick up on positive macroeconomic signals and sustained foreign investment.
