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VN Uber-style financial services sales startup receives US$6 million investment
MFast, a Vietnamese fintech startup has received US$6 million in series A funding, VN Express is reporting. The firm’s business peer-to-peer sales model appears to be something akin to Uber for financial services. Individuals can sign up to assist customers to take out credit cards, insurance, open digital wallets, and
Foreign investment association chairman comments on VN’s high-speed rail project
The Investor is carrying an interview with Mai Nguyen, chairman of Vietnam’s Association of Foreign Invested Enterprises (VAFIE) in which he discusses a proposed US$58 billion high-speed rail project connecting Hanoi and Ho Chi Minh City. He says that the 2,070 kilometres will be completed by 2035–or in about 12
Vietnam, India big winners in Apple supply chain shift
Vietnam, alongside India have been the big winners in Apple’s diversification out of China according to Bloomberg. Bloomberg has compiled Apple supplier data from 2012 to 2022 and found a huge expansion of Apple suppliers in the burgeoning Southeast Asian nation over the last five years or so. With comments
Vietnamese tech firm files for IPO in US
VNG Corp, a Vietnamese tech firm most well known for a slew of popular video games and social messaging app Zalo has filed to list on the US stock exchange, according to Vietnam Net. VNG has been talking about listing for a long time now–in 2017 it signed an MOU
Some SEA solar products circumventing Chinese solar duties: US Dept. Commerce
Some solar products exported from Vietnam, Thailand, Cambodia, and Malaysia are circumventing duties applied to some Chinese solar products the US Department of Commerce has found, and Solar Power World is reporting. A presidential proclamation from June 6, however, exempts solar imports from the four Southeast Asian countries from paying
VN’s natural gas dreams stall on contract delays
Prolonged negotiations over guarantees on power purchases and prices between state power provider Electricity Vietnam (EVN) and private power project developers may delay Vietnam’s shift to LNG, according to the Vietnam Investment Review. Giang Duy Nguyen, Deputy Director General of PV Power, a private power developer with two projects in
Estée Lauder’s Aveda brand enters Vietnam market
Cosmetics Design Asia has covered the Estée Lauder owned Aveda’s launch in the Vietnam market. It reads a bit like a press release but the crux of the article, that Vietnam presents a big opportunity for foreign cosmetics firms, is solid. Beauty care and beauty products are hugely popular in
VN Fintech sandbox regulations on the way
The State Bank of Vietnam (SBV) has said they will draw up a decree containing regulations for the fintech sector, according to Vietnam News. The publication is quoting Pham Anh Tuan, Director of the Payment Department at the SBV as saying the decree will be submitted for approval by the
VN insurance firms scramble to refresh image after insurance revenue plummets
Vietnam’s major insurers have recorded huge drops in revenue on the back of well publicised allegations of fraud and coercion, according to Vietnam News. Firms are now looking to refresh their images and create more transparent processes and procedures. Details on exactly what those processes and procedures are is scant,
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Vietnam Airlines kicks AGM can down road
Vietnam Airlines has postponed its AGM until October, VN Express is reporting. Listed on the Ho Chi Minh Stock Exchange the airline has been struggling to recover from COVID-19. It is still yet to disclose its 2022 annual report or 2023 half-year report. Under the Enterprise Law companies have four
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