VinCSS LLC, a cybersecurity startup under Vietnam’s largest private conglomerate Vingroup announced it has joined the FIDO Alliance. VinCSS provides robust solutions for strong authentication by leveraging open authentication standards that eliminate the reliance on passwords enable secured utilization of FIDO2 standard.
The Vietnamese auto maker also sold 50,000 electric bikes last year.
Vingroup’s leverage will likely remain elevated over the next 12-18 months, driven by its increasing debt-funded capital expenditure in the auto business.
The consortium led by the Singaporean sovereign wealth fund has collectively invested $500 million (VND11.6 trillion) for a minority stake in VCM Services and Trading Development JSC, a consumer retail arm of Vingroup.
Vingroup has acquired eight Queenland Mart stores in Ho Chi Minh City, enlarging its network of VinMart supermarkets and VinMart+ convenient stores to 2,122 outlets nationwide.
1,500 VinFast Fadil cars will be available through FastGo services for customers to experience in the coming months.
Vietnam’s largest listed enterprise in terms of market capitalisation is seeking for its shareholders’ approval on the issuance of $750 million worth of bonds to global investors in 2019.
Vinhomes has completed its acquisition of Delta JSC, a subsidiary of cosmetics and cleaning agents producer Daso Group, and Green City Development JSC, in July, to further reinforce its foothold in the real estate business.
Five local enterprises have striven to the Asia300 Power Performers, with three have got to the top 100.
Vingroup is now spreading its wings further into aviation sector with the launch of an airline and other aviation training facilities.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
Editor-in-Chief: Nguyen Cao Cuong
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