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VinFast expands network despite losses

VinFast expands network despite losses

The gross loss of Vingroup’s electric vehicle brand VinFast saw an increase of 7.3 per cent last year when the company expanded its commercial footprint.

E-commerce platform Tiki acquires online ticketing startup Ticketbox

Tiki Investment, a subsidiary of Tiki, has bought over local ticketing startup Ticketbox, as part of an attempt to build an ‘all in one’ e-commerce ecosystem in Vietnam.

RedDoorz raised $70 million to expand tech infrastructure to Vietnam

The new funds will be used by the hotel management and booking platform for new markets and hotel staff training, as well as building a second tech hub in Vietnam, its second after India.

GoViet accomplished 100 million rides after first year launch

On-demand multi-service platform GoViet has achieved 100 million rides over the course of one year, helping connect millions of local residents to 125 thousand driver-partners and 70,000 food merchants over all.

KiotViet raises $6 million series A funding from Jungle Ventures and Traveloka

KiotViet, a store management software developed by local startup Citigo, has secured $6 million in series A financing from Singapore-based venture capital firm Jungle Ventures and Jakarta-headquartered airline and hotel booking services provider Traveloka.

Vietjet named one of Forbes’ 50 best listed companies in Vietnam

Low-cost carrier Vietjet has made it to the list of Forbes’ 50 Best Listed Companies in Vietnam for the third time since its official listing on the southern bourse in February 2017.

VinaCapital Ventures invests in logistics startup An Vui

The technology holding company of VinaCapital has announced that it has made an investment in logistics software startup An Vui, targeting at making Vietnam’s ground passenger transport system more efficient.

Standard Chartered sees Vietnam as ASEAN outperformer

The London-based bank forecasts Vietnam to remain the fastest-growing ASEAN economy in the near term, with 2019 growth being projected at 6.9 per cent.

Vingroup seeks to raise $750 million via international bond issuance

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.

Novaland enters new growth stage

Significant land bank and strong financial foundation are expected to help Novaland deliver sustainable growth.

IPPG pouring some $300 million in Phu Quoc tax-free zone

Imex Pan Pacific Group (IPPG) will set up a tax-free zone, home to factory outlets, duty-free department stores, restaurants and entertainment facilities, in Phu Quoc Island, to help round up a tourist ecosystem for visitors there.

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