Quynh Nguyen

4 days ago | dealstreetasia.com | Quynh Nguyen

Vietnamese unicorn VNG Corporation has written off its investments in more startups in 2024, including B2B marketplace Telio and logistics player Ecotruck, in addition to the faltering e-commerce company Tiki. Register now to enjoy 3 free articles per month, or log in to continue reading. Stay informed with complimentary articles each monthGain access to our exclusive newsletters delivered directly to your inboxBe the first to know about all our summits!Register nowAlready a Subscriber?

1 week ago | dealstreetasia.com | Quynh Nguyen

UOB Venture Management (UOBVM), the private equity arm of Singapore-based bank UOB, is looking to double down on Vietnam’s consumption sector after acquiring a 12% stake in Bien Hoa Consumer Joint Stock Company (BHC) earlier this month. Register now to enjoy 3 free articles per month, or log in to continue reading.

1 week ago | en.nhandan.vn | Quynh Nguyen

So far, many universities and research institutes have taken the initiative in establishing incubators and startup support centres, and implementing projects closely linked to real-world innovation. Building a startup ecosystem in schools According to a report by the Ministry of Education and Training, more than 200 universities, research institutes, and nearly 300 educational institutions have carried out activities in startup and innovation.

1 week ago | dealstreetasia.com | Quynh Nguyen

Vietnam’s industrial production and infrastructure operator GELEX Group and its subsidiaries have announced the completion of a $79-million investment from three financial institutions, including HSBC, Landesbank Baden-Württemberg (LBBW) and the Italian Export Credit Agency (SACE). Almost 50% of the amount was provided by HSBC in March to GELEX Infrastructure, a subsidiary of GELEX Group.

2 weeks ago | dealstreetasia.com | Quynh Nguyen

China’s Livzon Pharmaceutical Group Inc. has acquired a significant majority stake in Imexpharm Corporation, a Ho Chi Minh City Stock Exchange-listed pharma company, for a consideration of around $219 million. Livzon Pharmaceutical, through its subsidiary LIAN SGP HOLDING PTE, acquired a 64.81% stake in Imexpharm, making it the Vietnamese firm’s largest shareholder. The Livzon unit has signed an agreement with the sellers to purchase a total of 99.8 million shares.