US buyout firm PHI Group to set up Vietnam real estate investment fund


PHI Group has entered into an agreement with Hanoi MHD Invest Joint Stock Company to set up the fund in Vietnam

Vietnam’s e-commerce startup Sendo raises $51m in SBI Group-led Series B

Other Asian investors that joined the round include SoftBank Ventures Korea, Daiwa PI Partners, SKS Ventures, BEENOS, eContext Asia, FPT Group and Beenext.

Vietnam Digest: Singapore’s PropNex inks franchise deal; State to cut stake in banks

During 2021-2025, Vietnam will reduce state ownership from 65% to 51% and set a schedule for listing of Vietcombank, BIDV and Vietinbank.

500 Startups and VIISA lead seed round in Vietnamese SaaS platform

The startup will use the funds to acquire more talent and develop its platform further as it looks to scale up operations.

Vietnam: Tech startup JAMJA raises $860k; PV to sell stake in drilling arm

JAMJA earlier received investment from and homegrown venture capital firm ESP Capital.

Vietnamese PE Mekong Capital fully exits Asia Chemicals at IRR of 15.1%

MEF II has divested 100% of its final remaining investment, resulting in the Fund achieving a net return multiple of 4.5x and net IRR of 22.5%.

Vietnam: VinaCapital sets up Zone Startups; MB Capital ups stake in Gelex

VinaCapital has teamed up with Ryerson Futures (RFI) to set up Zone Startups Vietnam to support the entrepreneurial ecosystem.

Vietnam to limit new foreign bank licenses to boost local acquisitions

Vietnam has so far licensed around 10 wholly foreign-owned banks, such as HSBC, StanChart, Hong Leong Vietnam, CIMB Vietnam

Vietnam: State eyes $210m in Vinalines IPO; Vietcombank to sell 1.5m shares in OCB

The State still holds 65 per cent stake in Vinalines after the IPO while Vietcombank plans to sell its stake in MB Bank and Eximbank this year.

Singapore’s New Silkroutes, Vietnam’s EGroup set up healthcare JV

The JV will be set up in Vietnam as a network of dental facilities and dental clinics.